Tropical Storm Alberto makes landfall in Mexico; Texas faces flooding and heavy rain
Heavy rains, coastal flooding and gusty winds were expected along the coasts of Texas and northeastern Mexico as the first named storm of the hurricane season made landfall.
Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders lift bets for August cut
The central bank’s key interest rate is at a 16-year high of 5.25%, where it has stood since August 2023.
UK PM Sunak could cease to be a lawmaker in landslide election defeat, new poll shows
The main opposition left-of-center Labour Party is on course to win a whopping 516 seats at the July 4 election, according to a shock new poll.
A marathon, not a sprint: Apple’s AI push faces big challenges in China
Apple Intelligence is Apple’s big play that aims to bring artificial intelligence across its devices but there was little talk on how it will bring this to China.
The best-funded generative AI startups in Europe have something in common: Big Tech experience
Most of the top-funded generative AI companies in Europe were founded by entrepreneurs with experience at U.S. technology giants, according to Accel.
China’s 618 e-commerce sales drop for the first time in 8 years, data firm Syntun says
The gross merchandise value of companies, or sales, during the shopping festival fell 7% from last year to 742.8 billion yuan ($102.3 billion).
‘Something’s going very wrong’: Alastair Campbell casts doubt on UK opinion polls
Alastair Campbell, Labour’s former director of communications, says he does not believe the Conservative Party will be “virtually wiped out” in the upcoming general election — despite what recent opinion polls indicate.
YouTube sensation Caspar Lee on why he quit the platform to build a business empire
Caspar Lee had over 6 million loyal subscribers on YouTube but quit to pursue entrepreneurship, launching a portfolio of businesses in the creator economy.
Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
The Swiss National Bank trimmed its key interest rate by 25 basis points to 1.25% in its second cut of the year.
NatWest swoops on retailer Sainsbury’s banking business
NatWest has struck a deal to acquire most of the banking business of Sainsbury’s in a deal that would increase the British lender’s assets by $3.2 billion.
