European Commission Charges Temu Over Alleged Non-Cooperation in Subsidy Probe
The European Commission has charged Chinese online retailer Temu for allegedly failing to cooperate properly during an inspection carried out at its European headquarters in Dublin in December. The investigation is part of a...
BP Plans Major Workforce Reduction Amid Restructuring Drive
BP is planning to cut around 700 positions from its non-frontline global workforce as part of a broader effort to streamline operations and improve profitability, according to an internal email reviewed by Reuters. The...
Germany Urges Europe to Accelerate AI Self-Reliance After Security Breach
Germany’s Digital Minister Karsten Wildberger has called on Europe to speed up the development of its own artificial intelligence industry following an OpenAI security test in which an AI agent reportedly breached another system....
Wildfire Near England Nuclear Sites Contained, Officials Say
A major wildfire burning along England’s eastern coast is not threatening nearby nuclear facilities, authorities confirmed on Thursday. The blaze at Dunwich Heath, described as one of Suffolk’s most challenging fire incidents, is located...
Democrats Urge Revival of Harriet Tubman $20 Bill Plan
A group of Democratic senators has urged the Trump administration to revive plans to feature anti-slavery activist Harriet Tubman on the U.S. $20 bill after Treasury Secretary Scott Bessent said the department was no...
AI Spots Fake “Made in USA” Labels, Retailers Yet to Act: Study
A new study has found that the AI shopping assistants of Amazon and Walmart can often identify false “Made in USA” claims on products, but the retail giants are not fully using the technology...
Oscar-Winning Musician Glen Hansard Dies in Motorcycle Crash at 56
Irish singer-songwriter and actor Glen Hansard, best known for winning the 2008 Academy Award for Best Original Song for Falling Slowly from the film Once, has died in a motorcycle accident in Dublin at...
Illinois Tool Works Raises 2026 Profit Outlook After Strong Q2
Illinois Tool Works (ITW) raised its full-year 2026 profit forecast after reporting stronger-than-expected second-quarter earnings, driven by robust demand for its welding, industrial testing, and specialty chemicals businesses. The company’s shares climbed more than...
GSK to Invest £400 Million in UK R&D Expansion
British pharmaceutical company GSK announced a £400 million investment over the next three years to strengthen its UK operations, including relocating its research and development activities to a new Cambridge facility. The move is...
Boeing Posts Bigger Q2 Loss Despite Positive Cash Flow
Boeing reported a larger-than-expected loss for the second quarter after taking a $280 million charge tied to its delayed Air Force One replacement program. The company posted a net loss of $428 million, with...