President Donald Trump announced his administration will launch a Section 301 trade probe into the European Union, threatening 'substantial' tariffs. This action is in response to the EU's hefty fines against U.S. tech giants like Google, Apple, Meta, and Amazon, which Trump claims are 'ROBBING' American companies and taxpayers.
Huawei founder Ren Zhengfei has publicly endorsed the 'Tau Scaling Law' as the company's sole strategy for survival and growth amidst external pressures, according to internal remarks reported by Science and Technology Daily. He emphasized it's a path for survival, not disruption.
Tencent Holdings dismissed a WeChat division project manager, surnamed Ye, after details of his 3.17 million yuan bonus package leaked online. The company cited his passing sensitive corporate information to external parties, causing severe negative impact.
Chinese battery giant CATL reported record second-quarter revenue of 147.79 billion yuan and net profit of 22.5 billion yuan, up 56.92% and 36.5% year-on-year respectively. However, these figures slightly missed market estimates, attributed to weakening EV demand in China. The company also announced a plan to buy back up to 40 billion yuan in shares.
Jurgen Klopp has been named Germany's national football coach by the DFB, signing a contract that extends through the 2030 World Cup. He is tasked with rebuilding the struggling team following Julian Nagelsmann's resignation after recent disappointing tournament exits.
Canadian NDP leader Avi Lewis demands the Carney government block a US$125m Thomson Reuters-ICE data deal, citing concerns over human rights abuses and "voter fraud" tracking. He calls for restrictions on Canadian firms doing business with ICE.
Bitcoin mining pool Poolin Technology filed for Chapter 11 bankruptcy, owing $163.7 million in IOUs to wallet users. Its Texas affiliates seek court approval to sell assets for an initial $52 million, covering only 31.8% of the IOUs, with final recovery for unsecured creditors uncertain due to various unresolved factors.
The Hundred cricket tournament, now in its fifth year, navigates a manufactured identity and increasing influence from IPL owners. Teams like Manchester Super Giants adopt existing branding, while private equity investment raises questions about the tournament's long-term goals and alignment with English cricket's interests, despite its success in attracting families and mainstream attention.
Scientists from the Czech Republic, backed by NATO, are testing giant Miscanthus grass to naturally restore Ukraine's fertile black soil, which has been damaged and polluted by years of war. Early findings suggest the fast-growing plant can remove pollutants and improve soil health for future farming.
Czech researchers, backed by NATO, are testing giant Miscanthus grass near Most and in Ukraine's Vorzel to naturally remove pollutants and restore fertility in war-damaged soil, with early findings showing positive effects on soil health and carbon sequestration.
Volkswagen reported weaker-than-expected Q2 operating profits of 3.5 billion euros, a nearly 10% drop, and revised its 2026 sales revenue forecast from growth to a potential 3% decline. The company is undergoing a radical overhaul, including potential job cuts and cost reductions, due to tariff costs and intense competition from Chinese car brands.
David and Sara LeBlanc faced fines from Ogunquit, Maine, for their lawn roosters, which town officials deemed advertising for their restaurant. The couple stated the roosters comfort their autistic daughter, Pyper. After a partial agreement, community members worldwide began displaying roosters in support.
London Spirit's men's and women's teams suffered opening defeats at Lord's in The Hundred, continuing a trend of poor starts despite new personnel. Liam Livingstone's 69 for the men and a low-scoring women's match were overshadowed by Manchester Super Giants' victories, alongside an unexpected Tinie Tempah performance.
The EU fined Google €890 million for Digital Markets Act violations, sparking fears of U.S. tariff retaliation from President Trump, who is set to decide on new levies. European officials deny trade policy links, but U.S. lawmakers and trade officials warn of transatlantic stability risks, especially with upcoming U.S. elections.
Google has been fined over $1 billion by the European Commission for two serious Digital Markets Act violations: self-preferencing its services on Google Search and anti-steering practices on Google Play. The company has 60 days to comply, while US Republican lawmakers are urging Donald Trump to retaliate against the EU with trade investigations.
Google introduces selfie video login, using guided head movements for identity verification. This biometric method aims to combat bots and deepfakes, but raises privacy concerns despite Google's encryption and user control assurances.
Two men sustained life-threatening and serious injuries after their vehicle was struck by a giant mining truck at the Peak Downs coal site in Central Queensland. Emergency services are on scene, and an investigation has been launched by Resources Health and Safety Queensland.
Manchester Super Giants defeated London Spirit by seven runs in The Hundred at Lord's. Tim Seifert's 67 for Super Giants set a target of 139, which London Spirit failed to chase despite captain Liam Livingstone's 69 off 40 balls, falling short at 131-6.
The EU fined Google €890 million for breaching the Digital Markets Act, citing self-preferencing in search results and restricting app developers in the Play Store. Google must comply within 60 days or face further penalties.
Ukraine has intensified attacks on Russia's major online retailer, Wildberries, striking five logistics centers in a week, killing at least nine people. Kyiv aims to disrupt Russian supply chains and economy, with President Zelenskyy stating the hubs supplied military components.
The EU has fined Google €890m (£759m) under the Digital Markets Act for allegedly abusing its power by favoring its own flight/hotel booking services and Play Store offers over rivals. Google criticized the decision, arguing it could harm European customer services.
Chinese auto-giant Geely will utilize an idle Ford factory in Almussafes, Valencia, Spain, to manufacture electric vehicles for the European market. Spanish Prime Minister Pedro Sanchez announced the deal, which allows Geely to circumvent EU tariffs on Chinese-made EVs and preserves industrial activity at the facility.
Alphabet and Tesla shares fell due to high AI spending plans, while Meta, Microsoft, Amazon, and Apple prepare to release results. Geopolitical tensions in the Middle East are driving oil prices up, and the ECB is expected to hold interest rates steady amid a volatile outlook.
A Florida teen, RKC, dropped his lawsuit against Meta alleging its platforms caused his depression and anxiety, days before trial. This follows settlements with YouTube, TikTok, and Snap, and other recent verdicts against social media companies for addictive products.
