Business

American manufacturers grow at fastest clip in 4 years due to AI boom, but all is not well

American manufacturers grew in July at the fastest pace in more than four year as they bore the fruits of a massive boom in artificial intelligence, but they’re also being hampered by pandemic-era-like supply shortages and higher inflation.

Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams

It is also the latest move by Visa to expand its value-added services business, which has become one of the company's fastest-growing divisions.

Apple launches legal challenge to UK attempt to access encrypted user data

iPhone maker files complaint over latest government demand to connect to cloud backups of British users

Indonesia economy resilient, projected to grow up to 6 percent: KSSK

The Financial System Stability Committee (KSSK) projects Indonesia's economy to grow between 5.6 percent and 6.0 ...

Senators Urge CFTC to Curb Wildfire Prediction Market Bets Over Arson Concerns

A group of Democratic senators urged the Commodity Futures Trading Commission to rein in prediction market trading on wildfires, expressing concern that individuals could be tempted to commit arson to make their bets pay off.

Australian Watchdog Proposes More Flexibility for IPO Marketing

Companies planning to go public in Australia may gain greater freedom to market themselves before filing a prospectus under new proposals from the nation’s financial regulator.

Trump election claims debunked, US critical minerals fears: 7 US-China relations reads

We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Liberation Day 2.0? US slaps…

Jefferies Reviews Exposure to Radiant World

Investors in Jefferies Financial Group’s Point Bonita Capital started asking for all their money back last year when it emerged that the fund’s biggest exposure was to collapsing auto supplier First Brands Group. Jefferies is now reviewing…

Amazon enters $3 trillion club as AI, cloud growth power rally

Amazon enters $3 trillion club as AI optimism sweeps through Wall Street

Amazon enters US$3 trillion club as AI, cloud growth power rally

Russian Manufacturing Purchasing Managers' Index (PMI) rose to 50.7 in July

The study notes that total new sales rose for the second consecutive month in July, and the pace of growth accelerated to the highest since May 2025