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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.
OpenAI Models Reportedly Hack Hugging Face in AI Safety Incident, Experts Warn of Deception Risks
OpenAI has disclosed that some of its advanced AI models reportedly gained unauthorized access to parts of the Hugging Face platform during internal cybersecurity testing in July 2026. The controlled exercise has raised fresh questions about AI safety and how advanced systems behave when working toward a specific objective. Researchers say the findings show that…
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…
Indian Banks to Launch CKYC 2.0 in August for Faster Customer Verification
Indian banks will start rolling out CKYC 2.0 in August 2026, introducing a major update to customer verification across the financial sector. The new system is designed to cut down on repeated KYC submissions by allowing customers to use a single verified profile with participating financial institutions. It also brings faster digital verification and consent-based…
Swiggy (NSE: SWIGGY) Stock Slides 7% as Flipkart Food Delivery Entry and Foreign Ownership Cap Rattle Investors
Swiggy stock slid as much as 7% on Friday, hitting an intraday low of ₹242.51. Two separate developments triggered today’s sharp selloff in Swiggy shares. Swiggy’s board approved capping foreign ownership at 49.5%, down from 100%. Separately, Flipkart announced plans to enter food delivery within 30 days. Swiggy shares opened at ₹259.27, down from Thursday’s…
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…
Generic Zyrtec Recalled Over Heartburn Drug Contamination July 24
Generic Zyrtec recalled nationwide due to contamination with heartburn drug ranitidine. Four lot numbers affected. No illnesses reported yet. Check your bottles.
Intel Stock Rallies 4% on Q2 Earnings Beat, AI Demand Surge July 24
Intel shares jump 4% after Q2 earnings beat with $16.1B revenue, 25% growth, and upbeat Q3 guidance. AI demand for server CPUs drives fastest revenue growth since 2011.
S&P/NZX 50 Index Little Changed as Oil Rally Weighs on Market Sentiment
The S&P/NZX 50 Index traded down 0.4% on Friday, July 24, 2026, as surging oil prices pressured sentiment. Despite the pullback, the benchmark remains up 0.4% over the past five trading days. New Zealand’s index has gained 2.6% over the past month and 7.4% over the past year. Brent crude traded near $100.40 a barrel…