Business
Stocks drift on Wall Street and crude oil prices drop China denies excess industrial capacity as more US tariffs loom IMF chief says Argentina better under Milei to meet debt obligations China memory chipmaker CXMT's shares soar in blockbuster listing US-Canada bridge opens in Detroit even as trade disputes test neighbors' ties
Mamdani to offer 30% discount on meat and produce at city-owned grocery stores
Cracker Barrel CEO steps down a year after logo debacle
Clinton Foundation helps state governments find nonpartisan solutions
Trump defends economic policies in Michigan, where Canadian tariffs may sting
Cheaper, open and intelligent: Chinese AI models make inroads in the US
HONG KONG (AP) – China has a hot new product in the United States: artificial intelligence. San Francisco-based Raffi Krikorian, the chief technology officer at Mozilla, which runs the Firefox browser, switched to Chinese AI startup Moonshot’s Kimi K3 for many of his day-to-day activities within days of the new, powerful model’s launch more than a week ago.
A forced-labor crackdown? Dissecting Trump's new tariffs

NEW YORK (AP) – The Trump administration has imposed double-digit tariffs on more than 60 countries, using a legal justification that permits the president to levy import taxes and other sanctions against countries found to engage in “unjustifiable,” “unreasonable” or “discriminatory” trade practices.

'Skynet Day' came too close to sci-fi after rogue agent hacked into a startup

To be fair, James Cameron did warn us. Long before OpenAI broke out of its test corral and hacked into Hugging Face, before the internet and Sam Altman were even born, Cameron wrote a screenplay about an autonomous artificial intelligence system that triggers a nuclear apocalypse.

Water Outage at UK's Gatwick Airport Leaves Toilets Closed

LONDON (AP) – A power outage at a water treatment plant in south east England left toilets out of order and forced the closure of restaurants at Gatwick Airport on Sunday.

Editorials from The Washington Post, The New York Times, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

American Express Q2 profit rises driven by higher spending

Credit card giant American Express said its second-quarter profits rose 8% from a year earlier, helped by higher spending by its card members, fewer delinquencies and more customers signing up for its premium products like the Platinum Card and Gold Card.

China slaps export controls on 14 EU entities in retaliation

BEIJING (AP) – China announced on Friday it was adding 14 European entities to an export control list in retaliation for the European Union penalizing 14 Chinese enterprises as part of its latest round of sanctions against Russia.

SpaceX launches Starship on test flight, with the most advanced Starlinks

SpaceX’s mammoth Starship rocket blasted off Friday on another test flight stretching halfway around the world, this time releasing 20 of the most advanced Starlinks.

Paramount delays closing Warner buyout while judge considers states' challenge

NEW YORK (AP) – Paramount and Warner Bros. Discovery have agreed to delay closing their $81 billion merger well into next year, a stunning move that arrives as a judge continues to consider a challenge from 12 states seeking to block the deal altogether.

Trump admits grants for clean energy were canceled based on politics

WASHINGTON (AP) – The Trump administration has acknowledged in court documents that it canceled $7.6 billion in grants for hundreds of clean energy projects “based solely on the political identity of the grant recipient’s state” – in this case, 16 states that voted for Democrat Kamala Harris in the 2024 presidential election.

US investigates EU trade practices, claiming unfair fines of tech giants
Russia gingerly cuts rates, caught between business complaints and inflation
EU finds TikTok violates digital rule book by failing to protect minors