Volkswagen CFO addresses plant closures, job losses as profits sink
German auto giant Volkswagen on Friday reported weaker-than-expected second-quarter profit and revised down its sales forecast for 2026.
CNBC Daily Open: Nations reject Trump’s ‘arbitrary’ tariffs
There is an international backlash to President Trump’s latest push to keep his tariff agenda alive, with his fresh move against American trading partners.
Pentagon lowers official Iran war death toll, omitting four killed this month
The Pentagon lowered its official Iran war death toll to 14 from 18, removing four service members killed this month.
Trump’s new global tariff draws rebukes from trade partners over forced labor justification
U.S. trading partners have rejected the forced labor rationale behind Trump’s new global tariffs, while most signaled plans to keep negotiating.
U.S., other nations back open-source AI with ‘strong security’ at China summit
The APEC statement is the first to include open-source cooperation at a minister level, said Li Lecheng, China’s industry and information technology minister.
U.S. to see higher generic drug prices thanks to tariffs, CEO of leading India pharma firm warns
CEO of Indian pharma company Dr Reddy’s has warned that Trump’s proposed tariffs on generic drugs will make them more expensive for patients.
China’s largest memory chipmaker sparks fears of a cash drain as it readies for public debut
CXMT is stoking fears that its blockbuster stock market debut could pull cash from China’s equities.
CNBC Daily Open: Brent crude is back at $100 — and Trump renews tariffs
Houthi strikes on Saudi tankers pushed Brent past $100 and Treasury yields to an 18-month high, while an AI spending jitters punished Tesla and Alphabet.
Amazon cracks down on use of AI images by sellers after New York law
A recently enacted New York law mandates that companies disclose when an ad includes a “synthetic performer” in place of a human actor.
Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite
This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.
