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Harvey Norman Copped $35M Fine Over Misleading Ads on July 29
Harvey Norman ordered to pay $35 million penalty after Federal Court found its 60-month interest-free ads masked mandatory credit card fees. Latitude Financial pays $20 million. Combined $55 million is ASIC’s record for misleading financial product marketing.
Nicholas Shizas: Ex-Public Servant Charged Over Alleged $1.3 Million GST Fraud Scheme
Australian authorities have charged a former Commonwealth public servant over an alleged scheme to fraudulently claim more than $1.3 million in GST refunds. The case is part of Australia’s continuing crackdown on tax fraud. The charges, announced in July 2026, follow an investigation by the Australian Taxation Office (ATO) and the Australian Federal Police (AFP)….
ABC Investigation Finds Chinese Tomatoes Mislabeled as Australian in Leggo’s, Coles Products
ABC investigation reveals Leggo’s, Coles, and Aldi sold Chinese-grown tomatoes labeled as Australian or Italian. Forensic testing by Source Certain found Xinjiang origins in some products.
Hong Kong High Court Judge Wilson Chan Ordered to Retire Over Judicial Plagiarism
High Court Judge Wilson Chan Ka-shun retires early on July 31 after Chief Justice Andrew Cheung found him guilty of judicial plagiarism at least five times since 2023, striking at judicial independence.
Google Faces Up to $10 Billion in EU Damages Claims After Landmark Antitrust Loss
Google now faces private lawsuits seeking up to $10 billion in damages across Europe. The wave follows a €1 billion Digital Markets Act fine, the first ever issued under that law. Regulators penalized Google for favoring its own services and blocking cheaper app payment options. Alphabet shares closed at $326.56 on July 27, 2026, up…
Vanguard Quietly Builds Nearly $1 Billion Strategy Stake Despite Bitcoin ETF Stance
Vanguard has increased its stake in Strategy Inc by $50 million, pushing its holding close to $1 billion. The asset manager now holds roughly 10.5 million shares of the Bitcoin treasury company. This comes despite Vanguard’s long-standing refusal to offer spot Bitcoin ETFs on its brokerage platform. The firm’s exposure stems from passive index tracking,…
Xbox Outage Traced to Licensing Service Failure on July 28
Xbox outage on July 27 prevented sign-in and game launches for thousands. Microsoft CTO says a licensing service failure caused the issue. Service restored by 2:30 p.m. PT.
Sam Altman Says AI Singularity Has Arrived: What It Means for Jobs
OpenAI CEO Sam Altman says AI has entered the singularity. He predicts AI will handle 30-40% of workplace tasks by 2030 and surpass human intelligence across the board by 2030. Here’s what it means for workers and investors.
Sam Altman Says AI Has Reached Singularity on July 27, 2026
OpenAI CEO Sam Altman says AI has reached the singularity, a moment when artificial intelligence surpasses human intelligence. An OpenAI AI agent recently hacked Hugging Face in a watershed moment.