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• The UK government has scrapped its digital ID scheme to redirect funding toward cost-of-living relief for households. • The decision follows the appointment of Andy Burnham, who is prioritizing immediate financial support for citizens over the digital infrastructure project. • This shift reflects a strategic pivot in government spending to address urgent economic pressures facing the public.

• The Indian government is preparing to introduce and pass several major bills during the upcoming Monsoon Session of Parliament. • While the government aims to clear its legislative agenda, Opposition parties are coordinating strategies to challenge the proposed laws and raise critical national issues. • This session is significant as it will determine the trajectory of key policy changes and legislative reforms for the current term.

• Activist Sonam Wangchuk is reportedly refusing medical treatment as part of a protest organized by the Citizens' Justice Peace (CJP). • The group is planning a march for July 20, though authorities claim no official permit has been granted for the event. • CJP spokesperson Vaishnavi Gaur disputed the police's version, asserting that the administration was notified of the march and its plans well in advance.

• Brent crude oil prices surged above $90 per barrel following escalating U.S.-Iran tensions and renewed shipping disruptions in the Strait of Hormuz. • The Canadian dollar started Monday strong, though it remains highly sensitive to geopolitical instability and fluctuating oil prices. • The Bank of Canada maintained its policy rate at 2.25% for the sixth straight meeting, noting that inflation pressures are easing.

• Moonshot AI launched its latest large artificial intelligence model, Kimi K3, on Friday to advance open-source AI development in China. • The launch emphasizes a shift from individual technical breakthroughs toward collective progress and collaborative innovation within the AI sector. • According to Zhongguancun Academy president Liu Tieyan, the move aims to foster openness and circulation to provide new approaches for global AI growth.

Company aims to develop AI software that cuts research times and use of rare metals in chipmakers’ supply chainsBusiness live – latest updatesAmazon’s founder, Jeff Bezos, and the UK government have invested in a £2bn British artificial intelligence startup that is aiming to become the “search engine for rare materials” that accelerates the next wave of technological breakthroughs.The Cambridge-based CuspAI has raised $450m (£330m) in funding from investors including Bezos and the government’s sovereign AI fund, valuing the two-year-old business at $2.6bn. Continue reading...

• The Monsoon Session of Parliament commenced today, with a schedule consisting of 19 sittings running through August 13. • The government's legislative agenda for the session includes key priorities such as the Vande Mataram Bill and amendments to the Foreign Contribution (Regulation) Act (FCRA). • These proceedings are critical as the Lok Sabha and Rajya Sabha address significant legal updates and national policy changes.