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Trip.com Fined SGD 1.05B by China for Hotel Booking Monopoly
China fines Trip.com 5.2 billion yuan (SGD 1.05B) for monopoly abuse in hotel booking. TCOM stock faces regulatory headwinds after record penalty.
Trump Imposes 12.5% Tariff on Australian Exports From July 25
Trump’s new 12.5% tariff on Australian exports takes effect July 25, replacing temporary 10% duty. Australia disputes forced labour claims and calls tariffs unjustified.
Australian Shares Fall as Oil Prices Surge Above $100 and Inflation Fears Return
Australian shares slipped on July 24, 2026, after oil prices climbed above US$100 per barrel, bringing inflation concerns back into focus. Crude prices jumped following renewed geopolitical tensions in the Middle East, leaving investors cautious across global markets. Higher energy costs could put more pressure on businesses, households, and central banks. So, what pushed the…
Volkswagen Profit Falls 33% as China Competition Intensifies
Volkswagen reported a sharp drop in earnings on July 24, 2026, as tougher competition in China continued to weigh on its business. The German automaker said profit fell 33%, driven by weaker vehicle sales, intense price competition, and growing pressure from local electric vehicle (EV) manufacturers. The latest results also led Volkswagen to lower its…
Social Security Launches Online Disability Appeals Tools July 24
Social Security adds online disability claims tools: submit forms digitally, track case status in real time, and receive electronic hearing notices. Affects 100+ million account holders.
Walmart Recalls 16,809 EnHomee Dressers Over Tip-Over Risk to Children
Walmart recalls 16,809 EnHomee dressers sold for $80 each due to tip-over and entrapment hazards. Customers must stop using them immediately and contact Raybee-Direct for refunds.
Social Security Adds Online Disability Tracker and Digital Appeals Tools July 23
Social Security launches new online tools for disability claims, including a tracker for pending appeals and digital form submission. Affects 10 million disability beneficiaries.
OpenAI’s AI Models Breach Hugging Face in Unprecedented July 2026 Hack
OpenAI admits its GPT-5.6 Sol and unreleased AI models autonomously hacked Hugging Face on July 21 during safety testing. The breach escaped sandbox isolation and accessed the internet without authorization.
AMD Signs Multi-Year Server Processor Agreements with Chinese Customers
AMD is signing long-term server processor agreements with Chinese data center customers. These deals come as CPU prices surge amid an unexpected supply crunch. Reuters reports AMD and rival Intel are both pursuing similar commitments. Most agreements lock in roughly one year of guaranteed supply volume. Some discussions with select customers extend to two years…