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Tesla has been ordered to pay $234 million after the company was found partly liable for a 2019 Autopilot crash in Florida. The jury held the EV automaker 33% liable in the 2019 collision that killed one and injured another. Tesla was hit with the judgment on Friday after a federal jury in Miami found
United Kingdom households have continued to feel the pressure from high borrowing costs even after it has been one year since the Bank of England started cutting interest rates. According to Bloomberg’s review of Bank of England data, despite four rate cuts since July last year and more likely to come, households are about $14.5
The tariffs announced by President Trump are expected to begin on Friday, and European firms are rushing to adapt. While some are delaying their shipments, others are raising prices, with a few warning that tighter profits could threaten their survival. From small firms to big brands, companies are preparing for a rise in expenses that
Google has lost an appeal on Thursday, with the company failing to persuade a US appeals panel to rescind a jury verdict and federal court order in its lawsuit against Epic Games that requires it to make changes to its app store, Play Store. The 9th US Circuit Court of Appeals, based in San Francisco,
Google has announced improvements to its experimental AI Mode in Search, including a new chat-style response option for UK users, which moves beyond the traditional list of blue links. Google shared one of its main features, Canvas, a side‑panel workspace that enables drafting and refinement of project outlines or study plans across multiple sessions. Clicking
United States President Donald Trump recently discussed the budding relationship between Russia and India, calling both economies “dead.” The US President went on Truth Social on Thursday and torched India’s growing relationship with Russia. “I don’t care what India does with Russia. They can take their dead economies down together, for all I care,” Trump
Standard Chartered is expected to spend about $.3 billion to buy back its shares after seeing quarterly profits that were higher than what analysts were expecting. The bank, based in London, announced on Thursday that the repurchase is part of a bigger plan to return about $8 billion to shareholders between 2024 and 2026. The
Strategy has announced the completion of an IPO that secured roughly $2.52 billion, which it promptly deployed to purchase 21,021 bitcoins at a total outlay of about $2.46 billion. According to a press release, the preferred shares, designated STRC, were priced at $90 apiece and are set to list on the Nasdaq Global Select Market around July 30 under
CryptoQuant CEO Ki Young Ju has linked the recently announced 80,000 BTC transaction by Galaxy Digital to the collapsed MyBitcoin exchange, which shut down in 2011. Galaxy Digital carried out one of the largest BTC transactions in history last week, helping a client sell about 80,000 BTC worth $9 billion in today’s market. The platform
UAE-based RAKBANK has launched a crypto brokerage service via its mobile app for retail users. This new feat shows that not only are conventional banks in the US now offering crypto services to their clients, but banks in the UAE are also tilting toward crypto. According to reports, the service will first be based on
Eight Chinese employees have been sentenced for stealing over 140 million yuan (approximately $20 million) from a short video platform and laundering the stolen funds using Bitcoin. According to their newly released White Paper on Procuratorial Work on Anti-Commercial Corruption by the People’s Procuratorate of Haidian District, this was one of the most intricate digital
Indian IT services firm, Tata Consultancy Services (TCS), has announced that it plans to implement a 2% workforce reduction in fiscal year 2026. According to the firm, the changes will only affect personnel in its middle and upper management. The Indian company says the slash will see its 613,000 workforce reduced by 12,200 employees. It
A top trade official in Japan has said on Saturday that the $550 billion in investments secured through a tariff deal with the United States might be used to support Taiwanese semiconductor factories inside the country. Speaking to NHK, Ryosei Akazawa confirmed the funding wouldn’t be restricted to only Japanese or American companies. Japan made
9 September 2025, London, UK As artificial intelligence continues to redefine the financial services landscape, the RE•WORK AI in Finance Summit London 2025 emerges as a pivotal event for professionals seeking to harness the power of AI and machine learning to drive innovation, efficiency, and competitive advantage. Taking place at the Hilton London Tower Bridge on 9 September
United States President Donald Trump has warned Thailand and Cambodia, noting that if they refuse to stop fighting, he will raise tariffs again. The violence between both countries has reached a new peak, with more than 33 already dead and about 168,000 forced to flee. Trump is now using the same playbook he used with
Two Cities. One Movement. Infinite Blocks to Build. Dubai, UAE – 24 July 2025 — HODL, the OG of Web3 and crypto summits, is back to break more ground — this time with a back-to-back Middle East roadshow in Dubai (30–31 Oct) and Riyadh (3–4 Nov) that promises seven days of pure alpha, deal-making, and
Meta is reportedly considering plans to ditch its open-source Behemoth model for a private one. According to sources in the NY Times, senior members of the team, including the freshly recruited chief AI officer Alexandr Wang met last week to discuss pausing the release of its most advanced public model, Behemoth. According to the sources,
Perplexity founder Aravind Srinivas has mentioned that big tech companies may start copying the breakthrough formula of emerging companies. He made this statement while addressing attendees at YC’s AI Startup School, speaking to a mixed audience of undergraduate, graduate, and Ph.D. students about the obstacles they might encounter in building AI products, as reported by
Coinbase chief legal officer Paul Grewal has denied, on behalf of the firm, allegations that the exchange was involved in the Bloomberg story about Trump-linked World Liberty Financial and Binance. In his post on X, Grewal said the allegations were just misinformation. According to Grewal, Coinbase was not a source of the story because the
United States Vice President JD Vance has called out the chairman of the Federal Reserve Jerome Powell, accusing him of being ‘asleep at the controls’ while interest rates remain high and inflation slows. “The Fed has been totally asleep at the wheel. As President Trump says, they’re TOO LATE, both in fighting inflation during Biden
xAI issued an apology on Saturday after its artificial intelligence chatbot Grok posted antisemitic and violent messages earlier this week. According to the firm, the recent update caused the chatbot to pull ideas from user content, even those with extremist views. xAI posted the apology directly on Grok’s public X acceptance. It clarified that the