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• The Indian stock market experienced a downturn on July 24, 2026, with the Sensex dropping 300 points and the Nifty falling below 23,800 by noon. • Market volatility is being driven by renewed disruptions in West Asia, which have stalled flows in the Strait of Hormuz and pushed oil prices back toward US$100 per barrel. • Analysts warn that Oil Marketing Companies (OMCs) will face volatile near-term earnings as they absorb price fluctuations amid record-low global inventories.

• Researchers at the Southwest Research Institute discovered that a massive asteroid shattered near Jupiter's gravitational gateway approximately 800 million years ago. • The fragmentation event released a vast amount of rocky debris that likely bombarded Earth, the Moon, and Mars for an estimated 150 million years. • This finding is significant as it helps scientists understand the historical distribution of asteroids and the frequency of impact events in the inner solar system.

• The KOSPI index plummeted 8.95% to fall below the 6,800 level, triggering market circuit breakers due to a "chip shock" and leverage concerns. • Major semiconductor giants Samsung Electronics and SK hynix saw significant price drops, driving the broader market decline. • Amidst the volatility, private equity firm Hahn & Co. has secured at least 2 trillion won in uninvested capital after selling assets like Hanon Systems and SK Shipping's VLCCs.

Outbreak comes a year after Trump administration cut funding for state and local health departmentsWhat is cyclosporiasis, the parasitic illness causing ‘explosive’ diarrhea?State health officials in Michigan and Ohio are reporting thousands of cases of cyclosporiasis, a – a parasitic infection that causes “watery diarrhea”, loss of appetite and weight loss.The outbreak of more than 2,800 cases comes a year after the Trump administration cut funding to state and local health departments and reduced the remit of a program dedicated to coordinating information on food borne illness, including of cyclospora. Continue reading...

• The Nikkei 225 index plunged over 800 yen to the 67,400 range on July 8, following a significant drop in South Korea's KOSPI, which tumbled more than 5%. • Trading activity on the Tokyo Stock Exchange Prime Market remained high, with a preliminary trading value of approximately ¥7.81 trillion ($48.1 billion) and 1.48942 billion shares traded by 2:00 p.m. • This decline marks the second consecutive day of a "risk-off chain reaction" originating in Asia, triggering sympathy selling across Japanese markets.

• Major stock indexes declined on Wednesday, with the Dow Jones Industrial Average shedding 800 points following geopolitical instability. • Oil prices surged after President Donald Trump declared the U.S. ceasefire with Iran "over" and threatened to launch further attacks. • The market volatility highlights the immediate impact of U.S.-Iran tensions on global energy prices and investor confidence.

• Samsung reported a massive 1,800% surge in profits, driven primarily by the soaring demand for AI chips. • Despite the growth, the company's shares fell sharply on Tuesday because investor expectations for the performance were even higher. • This growth aligns with South Korea's June announcement of at least $880 billion in investments for chip manufacturing projects led by Samsung and SK Hynix.

• Samsung Electronics expects a massive 19-fold (1,800%) increase in profits, fueled by the global surge in demand for artificial intelligence (AI) memory chips. • The profit spike is driven by a market imbalance where the demand for semiconductors continues to outstrip available supplies, leading to higher prices. • This trend highlights the critical role of high-performance memory in powering AI infrastructure and the immense financial potential for chip manufacturers.

• Microsoft is cutting approximately 4,800 jobs, representing about 2.1% of its total workforce, as part of a broader organizational reshuffle. • The layoffs primarily target the company's commercial and gaming divisions to streamline operations and reshape internal teams. • This strategic pivot is designed to prioritize investments in artificial intelligence, aligning the company's resources with its current growth goals.

• Microsoft has laid off 4,800 employees as the company shifts its strategic focus and workforce structure to prioritize the development of artificial intelligence. • The cuts specifically impact the Xbox division, which has seen multiple rounds of layoffs following the $68.7 billion acquisition of Activision Blizzard in 2024. • This move mirrors a broader trend among Big Tech giants, including Amazon and Meta, who are trimming staff to redirect billions in capital toward AI investments.

• Microsoft has laid off 4,800 employees as part of a strategic restructuring focused on its Xbox gaming division and a broader push into artificial intelligence. • These cuts follow a wider trend of workforce reductions across the technology sector, with industry giants like Amazon and Meta also implementing significant layoffs. • The move signals a shift in corporate priorities, moving resources away from traditional gaming operations to accelerate the development and integration of AI technologies.

• Microsoft is cutting approximately 4,800 jobs, representing about 2.1% of its total workforce. • The layoffs are part of a broader trend across the tech industry as companies shift priorities and resources. • These cuts come as the company increases its financial investment and spending heavily on artificial intelligence (AI) development.

• Microsoft is cutting 4,800 global jobs, representing approximately 2.1% of its total workforce, as part of a strategic restructuring. • The layoffs primarily target the Xbox division and various commercial units to offset declining profit margins and massive spending on AI infrastructure. • This move highlights the company's shift in priorities, redirecting financial resources toward the development and scaling of artificial intelligence.

• Microsoft has announced the elimination of approximately 4,800 positions, representing about 2.1% of its global workforce. • The layoffs are driven by the need to improve operational efficiency and manage cash flow pressures resulting from massive investments in artificial intelligence. • This cost-cutting measure follows a period of financial volatility, with company shares falling 23% during the first half of 2026.

• Microsoft is eliminating approximately 4,800 jobs as part of a broader organizational restructuring focused on artificial intelligence. • Company executives clarified that these layoffs are not a direct result of AI replacing human workers, despite the firm's heavy investments in the technology. • The move highlights a strategic shift in how the company allocates resources to reshape its workforce around AI capabilities.

• Microsoft has announced the layoff of 4,800 employees as part of a broader corporate restructuring effort. • The company is shifting its financial investments away from traditional roles and toward the development of AI infrastructure. • This move follows a trend among other major tech giants seeking to optimize operations to remain competitive in the rapidly evolving artificial intelligence landscape.

• Microsoft is laying off 4,800 employees, representing approximately 2.1% of its total global workforce. • The company attributed the decision to the evolving nature of work, explicitly stating that AI is changing how tasks are completed. • These cuts reflect a broader industry trend where tech giants are restructuring roles to prioritize artificial intelligence development over traditional operations.

• Microsoft is cutting approximately 4,800 jobs, representing about 2.1% of its total workforce. • The layoffs are driven by a strategic shift to invest heavily in artificial intelligence (AI) infrastructure and improve operational efficiency. • This move follows a broader trend of tech industry layoffs as companies pivot their resources toward AI development.

• Microsoft has announced the layoff of 4,800 employees, joining a broader wave of job cuts across the technology sector driven by the shift toward artificial intelligence. • The move comes as Big Tech companies face immense financial pressure, with total AI investments projected to exceed $700 billion this year. • These cuts are intended to offset the rising costs of implementing AI across business operations and to satisfy investor demands for tangible returns on massive technology outlays.

• Together AI raised $800 million in a Series C funding round on July 1, 2026, reaching a post-money valuation of $8.3 billion. • The investment was led by Aramco Ventures, with participation from major firms including NVIDIA, Vista Equity Partners, General Catalyst, and Emergence Capital. • This funding highlights a growing enterprise shift toward open-weight models, such as DeepSeek, Nemotron, MiniMax, and Kimi, to reduce the high costs associated with closed frontier APIs.

The Australian Electoral Commission is examining if party breached laws in its $6m public funding claim after the last election, documents showGet our breaking news email, free app or daily news podcastThe Australian Electoral Commission questioned Pauline Hanson’s One Nation party over more than $800,000 of claimed electoral expenditure for the last election, Guardian Australia can reveal.Documents obtained under freedom of information laws show that the inquiries prompted the party to withdraw more than 140 items as it sought to provide additional information to justify almost 15% of the party’s $6.01m public funding claim. Continue reading...

• Goldman Sachs forecasts that AI-related spending will surge to $800 billion by the end of 2026, increasing from an annualized $650 billion recorded in the first quarter. • This investment shift marks a transition from speculative interest to a structural economic force, moving beyond semiconductor giants like Nvidia and Micron. • The spending spree is creating significant ripple effects across critical sectors, including power infrastructure, data centers, and software development.

• Reporter Catherine Herridge is petitioning the U.S. Supreme Court to block a ruling that requires her to reveal confidential sources or face a $800-per-day fine. • The legal battle stems from a privacy act lawsuit filed by an individual named Chen, who seeks to identify the sources of stories Herridge wrote for Fox News in 2017. • The case centers on information Herridge reported regarding a U.S. government investigation into Chen's background and an educational program in Virginia.

Catherine Herrridge makes final bid to stave off penalty related to series of stories she wrote in 2017 for Fox NewsMore than two years ago, a US district court judge took the extraordinary step of holding the veteran investigative journalist Catherine Herridge in civil contempt, ordering her to pay a steep daily fine of $800 per day unless she reveals her sources for a series of stories she wrote in 2017 for Fox News.Since then, the case has slowly moved through the appeals process, with Herridge dealt a series of defeats. On Tuesday, the US court of appeals for the District of Columbia circuit issued a one-sentence ruling denying Herridge’s plea to stay the February 2024 ruling holding her in contempt, an order made by district court judge Christopher R Cooper. Continue reading...

• NVIDIA has deployed 35 new supercomputers across 23 European countries, providing a combined total of 800 exaflops of AI compute power. • Key installations include Spain’s EuroHPC AI Factory, Germany’s HammerHAI, and Sweden’s Mimer, with several systems already in active production. • This massive infrastructure rollout aims to accelerate scientific research and establish technological sovereignty for Europe in the global AI race.

• Indian stock markets crashed on Monday, with the Sensex dropping 800 points and the Nifty falling below 23,150. • The downturn extended to broader markets, as the Nifty MidCap and Nifty SmallCap indices both declined by approximately 1.5%. • The crash is attributed to geopolitical instability following Iran's attacks on Israel, triggering a wider Asia-Pacific sell-off including South Korea’s Kospi, which plunged 8%.

Marine Rescue NSW volunteer coaxes distressed dog on to jetski after it paddled to Snapper Island in Batemans BayFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastOn Monday, radio operators in Batemans Bay along the New South Wales south coast got a call they hadn’t had before: a dog had been swept off the rocks and was in the ocean in distress.Rod Ingamells, the unit commander of the local Marine Rescue NSW team, was one of the first to hop in a rescue vessel. But by the time his team reached the area, the dog had swum nearly 800 metres across the bay to nearby Snapper Island. Continue reading...

• The Indian stock market saw a recovery as the Nifty reclaimed the 23,800 level and the Rupee strengthened to move below 96. • Gains were driven by the Nifty Bank and financial services indices, which rose by approximately 0.8% and 0.77%, while media, realty, and IT sectors experienced declines. • Honasa Consumer shares hit a 10% upper circuit following strong Q4 results, reporting a 177.9% increase in net profit to Rs 69.2 crore and revenue growth of 23.1% to Rs 657.1 crore.