The first day of Amazon's Prime Day event in the U.S. saw $7.2 billion in online sales, surpassing expectations and marking an 11.3% increase from the previous year.
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TSMC Hopeful of a Boost in AI Industry Despite Share Market Falls
Taiwanese chipmaker TSMC said that the rising demand for artificial intelligence is boosting its growth and capacity and is influencing its short-term forecast.
North Korea to Open New Resort Tourism Site in 2025 Despite Foreign Tourist Ban
North Korean leader Kim Jong Un visited the Wonsan-Kalma tourism site, which opened in May 2025, despite the ongoing ban on most foreign tourists entering the country.
Olympic Gold Medalists to Receive $50,000 Prize Money for the First Time
For the first time ever, track and field gold medalists in the Paris Olympics will receive $50,000 prize money despite resistance from critics who claimed that it would undermine the spirit of the games.
Aurea Group Agrees to Acquire The Body Shop Out of Bankruptcy for Undisclosed Amount
The Aurea Group and several investors are expected to acquire The Body Shop after it announced its bankruptcy earlier this year.
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Shares of pharmaceutical companies Novo Nordisk and Eli Lilly slid after Roche announced results from a promising early-stage trial for its proposed obesity drug.
Netflix reported its slowest subscriber growth in five quarters, adding only 4.82 million new subscribers from April to June, down from 9.3 million in the previous quarter, largely due to a crackdown on password sharing.
Investigations are underway into Chinese companies accused of conducting illegal pregnancy tests on job applicants, which contradicts national efforts to address low birth rates.
Elon Musk made his intention to move the headquarters of his companies SpaceX and X, formerly Twitter, from California to Texas after California Governor Gavin Newsom signed a transgender rights law.
A German court sentenced a businessman to six years and nine months in prison for illegally exporting electronic components to Russian firms involved in the production of military equipment.
ByteDance, owner of TikTok, must comply with the Digital Markets Act, with the EU regulator rejecting ByteDance's claim that TikTok should not be classified as a "gatekeeper" in the digital space.
Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate the country’s economy in this year’s State Opening of Parliament.
The Bank of England is conflicted on whether to cut interest rates next month after inflation held steady at 2%, potentially influenced by Taylor Swift's Eras Tour.
Bank of America recently announced that its second-quarter revenue and profit from investment banking and asset management fees exceeded Wall Street expectations.
