Fashion
Chipmakers win bigger tax credit under bill passed by Senate
[WASHINGTON] Sweeping tax legislation passed by the Senate on Tuesday (Jul 1) would make it cheaper for semiconductor manufacturers to build plants in the US, delivering a win to...
US Federal Reserve must be ‘completely non-political’: Powell
[FRANKFURT] The US Federal Reserve must be “completely non-political”, its chair Jerome Powell said on Tuesday, after President Donald Trump repeatedly lashed out at him for not cutting interest rates...
Google hit with US$314 million US verdict in cellular data class action
Published Wed, Jul 2, 2025 · 06:52 AMA JURY in San Jose, California, said on Tuesday that Google misused customers’ cell phone data and must pay more than US$314.6...
Biggest US banks hike dividends, announce share buybacks after acing stress tests
[NEW YORK] US banking giants announced plans on Tuesday to raise their third-quarter dividends after clearing the Federal Reserve’s annual health check last week. The moves come after the lenders...
China’s Huawei must face US criminal charges, judge rules
[NEW YORK] A US judge on Tuesday (Jul 1) rejected Huawei Technologies’ bid to dismiss most of a federal indictment accusing the Chinese telecommunications company of trying to steal...
Oil settles up on signs of strong demand, investors await Opec+ decision
[NEW YORK] Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an Opec+ meeting to decide the group’s August output...
Europe: Shares end marginally lower as markets gauge trade talks, US tax bill
EUROPEAN shares ended slightly lower on Tuesday, with industrials and banks the biggest drags as investors weighed uncertainty over US trade deals with the July tariff deadline fast approaching and...
US auto sales lose steam after tariff-induced shopping spree
[MICHIGAN] US auto sales are losing momentum after a springtime surge fuelled by shoppers racing to buy cars before US President Donald Trump’s auto tariffs drove up prices.General Motors...
US: Stocks mixed as Trump tax bill advances, Tesla falls
[NEW YORK] Wall Street stocks finished mixed on Tuesday after the Senate approved Donald Trump’s sweeping legislation to extend tax cuts and enact deep reductions in social spending.The Republican-led upper congressional...
Tinder rolls out mandatory face verification for California users
West Hollywood-based Tinder is now requiring facial recognition scans for all users in California as part of its efforts to build trust among users and reduce the prevalence of...
