Kevin Warsh will struggle to reverse the effects of bond-buying

Share trading in Elon Musk’s rocket company has been volatile since it went public a month ago.
Supermarket billionaire Dieter Schwarz is investing billions in his cloud company, Schwarz Digits, to rival Google, Microsoft and Amazon.
The new Fed chairman avoided major stumbles in two days of testimony before the House and Senate, but faces a rapid test of his commitment to price stability.

What seems like a rescue could prove to be a retreat, as Chery leads its rivals into the heart of Europe’s car industry.
The UK move to take over British Steel fuels a brewing dispute with China amid political leadership change in London.
But a degree of protection from coercion remains possible

The company has unveiled a massive new artificial intelligence model it says can take on top American firms.
The US will impose a 25% tariff on most imports from Brazil starting later this month. It's the first action in the Trump administration's new tariff strategy, after the Supreme Court struck down its prior impositions.
Morgan Stanley forecasts that K-beauty sales in the U.S. can reach approximately $4 billion in 2026.

Backed by the state, Chinese workers are using AI to deal with limited resources and drive innovation to compete with Silicon Valley.
Kuwait and Bahrain report several rounds of Iranian missile, drone attacks; sirens reportedly sound in Jordan.

Washington launched its eighth consecutive wave of strikes in Iran overnight Saturday with US Central Command saying the latest attacks had targeted Iran's Revolutionary Guard in retaliation for Tehran's killing of two…
State-backed efforts to catch up with frontier models are doomed

The company says it will create "high-tech, high-paying jobs", and raises its total commitment to the US to $265bn.
The UK government took over British Steel last year to prevent the closure of the country's last primary steelmaking facility. China's Jingye Group, which bought the firm in 2020, claims it is owed compensation.
Investment firms are readying for an era with less public commentary from the U.S. central bank. Some are relying on AI for an edge.

Saudi Arabia and the UAE are trying to diversify their AI supply chains, but geopolitical constraints and Nvidia's technological lead leave them with few viable alternatives.
The world’s second-biggest economy is stumbling into fiscal austerity

The modest growth reverses a slight contraction that had been seen the previous month.
Predictions suggest the price of the precious metal will keep hitting new record highs as investors seek a safe bet in turbulent times. Some forecasts say prices could double within five years.
The Korean electronics giant as reportedly reduced staff at its U.S. display, phone and other consumer electronics operations.

If Meta complies or modifies its app for India, it risks creating a “slippery slope” that emboldens governments worldwide to demand changes to encrypted messaging apps.
Its advantages will not protect it if demand falters

Jingye said it will take action "through legal means to the very end" after the UK government nationalised British Steel.
Oil and gas producers in the Gulf are seeking alternatives to the Strait of Hormuz as traffic again comes under fire. But is Iran also turning its attention to the pipelines meant to bypass the waterway?
The automotive industry's increasing use of over-the-air technology makes it more susceptible to cyberattacks, analysts say.

A new hackathon invites developers to build offline, multilingual AI tools, challenging the idea that cutting-edge innovation belongs only to a handful of Western companies.
A burst of Indian diplomacy exemplifies the trend

The UK government said taking the firm into public hands would safeguard "a vital national capability".
Under new rules to reduce waste, large companies across the European Union can no longer dispose of unsold clothes, accessories and footwear.
Warren Buffett tells CNBC that Bill Gates' ties to Jeffrey Epstein didn't drive his termination of donations.

The new chairman enlists heavy-hitters to fight a handful of gnarly problems

The company proposes cutting 290 roles in its head office, along with 140 cabin roles and 70 pilots.
Europe trails the US and China in artificial intelligence. Economist and Nobel laureate Philippe Aghion says better research funding, venture capital and AI innovation can help it catch up.
The carrier is working on improving reliability, investing in more premium seats and lounges, and considering Boeing and Airbus for a new wide-body plane order.

Apple said in a Friday lawsuit that OpenAI’s nascent hardware business is “rotten to its core.”
The EU Commission has proposed to weaken Europe's emissions trading system, a global blueprint for pricing carbon and cutting CO2. How effective is the scheme and where does it fall short?
The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings season.

It follows a review by the regulator in May that criticised the platform for not being "safe enough" for children.
The US military struck Iran after two US soldiers were reported killed in an Iranian attack on a US base in Jordan. Meanwhile, Kuwait and Bahrain reported fresh Iranian attacks. DW has the latest.
The earnings season heats up this week with two megacaps set to release their latest results.
He has set a record for booting out members of the Politburo

Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
Attacks by Ukraine have triggered a fuel crisis in Russia. Reports from across Russia show how residents are dealing with the disruptions in their daily lives.
Our podcast on markets, the economy and business. This week, an interview with David Ricks, CEO of Eli Lilly

Ofcom says more than half of UK adults have encountered potentially fraudulent ads online.

Lifting off from an island north of Chennai, the Vikram-1 rocket signals India’s plans to take a larger share of the market for commercial rocket launches.

India's first space-tech unicorn Skyroot Aerospace successfully launched Vikram-1 on Saturday.
Southeast Asia's largest economy risks losing its emerging-market status as President Prabowo Subianto's spending plans rattle markets. Can he deliver growth?
The world’s largest drugmaker is betting big on preventive medicines—and learning from big tech

Regulators say features such as infinite scroll contribute to "compulsive use" and "unhealthy habits".
Ukrainian drones have struck warehouses, an oil depot and other targets across Russia, killing nine people and injuring over 80 more. Kyiv said its strikes targeted suppliers for Moscow's ongoing invasion of Ukraine.
Our podcast on science and technology. The boss of Mistral AI argues that models don’t have to be super-intelligent—nor American—to be useful

Meta's release this week of an AI feature that let people alter Instagram content drew swift blowback.
Should I stay or should I go? Given Germany's high cost and sluggish growth, some business leaders are mulling relocating, or at least investing abroad. DW has a look at the numbers.
Sanctions from America and pressure from China have forced a reckoning

Trump Media is launching a fast, paid feed to its most influential posts for Wall Street traders.
Inside the Chinese game where women fall in love with virtual men