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EU orders Meta to remove addictive features or face significant fines

EU orders Meta to remove addictive features or face significant fines

The European Commission is demanding structural changes to Meta's platforms, alleging that features like infinite scrolling and autoplay exploit user behavior.

Business ·10 Jul 2026, 19:03 ·Elena Voss 3 min read
OpenAI launches ChatGPT Work agent alongside GPT-5.6 model rollout

OpenAI launches ChatGPT Work agent alongside GPT-5.6 model rollout

OpenAI has launched the GPT-5.6 model suite and ChatGPT Work, a new agent designed to manage multi-step professional projects and integrate with business apps.

Business ·10 Jul 2026, 11:33 ·Elena Voss 3 min read
Xbox CEO Asha Sharma named to Federal Reserve jobs and productivity task force

Xbox CEO Asha Sharma named to Federal Reserve jobs and productivity task force

The Federal Reserve has appointed Xbox CEO Asha Sharma to a task force evaluating how emerging technologies, including artificial intelligence, affect the economy.

Business ·10 Jul 2026, 02:33 ·Elena Voss 3 min read
Stocks rise and oil prices ease as US-Iran conflict uncertainty continues

Stocks rise and oil prices ease as US-Iran conflict uncertainty continues

Financial markets saw equities climb and oil prices retreat as investors assessed the impact of the US-Iran conflict and Strait of Hormuz transit constraints.

Business ·10 Jul 2026, 01:34 ·Elena Voss 3 min read
Existing home prices hit record high as sales drop in June

Existing home prices hit record high as sales drop in June

Existing home prices reached an all-time high of $440,600 in June, even as sales volume contracted due to low inventory and rising mortgage rates.

Business ·10 Jul 2026, 00:37 ·Elena Voss 3 min read
Canada citizenship proof wait time climbs to 19 months amid backlog

Canada citizenship proof wait time climbs to 19 months amid backlog

IRCC processing times for Canadian citizenship certificates have reached 19 months as the agency manages a backlog of 99,500 pending applications. This surge follows legislative changes to citizenship by descent and a recent administrative audit of issued certificates.

Business ·9 Jul 2026, 17:35 ·Elena Voss 3 min read
IMF cuts global growth forecast to 3 percent as Iran war spikes oil costs

IMF cuts global growth forecast to 3 percent as Iran war spikes oil costs

The International Monetary Fund has lowered its 2026 global growth projection to 3% due to energy shocks following the closure of the Strait of Hormuz. The agency anticipates a rebound to 3.4% growth next year.

Business ·9 Jul 2026, 11:32 ·Elena Voss 3 min read
Meta to build C$13 billion data center in Alberta for AI operations

Meta to build C$13 billion data center in Alberta for AI operations

Meta has announced plans for a 2.9 million square foot data center in Sturgeon County, marking the company’s first such investment in Canada. The project aims to support global artificial intelligence operations and will include significant infrastructure funding.

Business ·9 Jul 2026, 06:31 ·Elena Voss 3 min read
Id Software lays off 50 percent of its workforce in Xbox restructuring

Id Software lays off 50 percent of its workforce in Xbox restructuring

Id Software faces a period of uncertainty after a workforce reduction of approximately 50 percent. Industry observers express concern that the departure of key technical staff could impact the studio's proprietary id Tech engine.

Business ·8 Jul 2026, 17:34 ·Elena Voss 3 min read
SK Hynix 28 billion dollar US IPO draws heavy institutional demand

SK Hynix 28 billion dollar US IPO draws heavy institutional demand

SK Hynix 28 billion dollar US IPO draws heavy institutional demand

Business ·8 Jul 2026, 02:09 ·Elena Voss 3 min read
USPS raises price of first-class Forever stamp to 82 cents

USPS raises price of first-class Forever stamp to 82 cents

The U.S. Postal Service is increasing stamp prices and mailing fees to address financial instability and rising operational costs. See how the adjustments affect domestic and commercial shipping.

Business ·8 Jul 2026, 00:07 ·Elena Voss 3 min read
Xbox to cut 3,200 jobs and spin off four studios in major restructuring

Xbox to cut 3,200 jobs and spin off four studios in major restructuring

Microsoft is restructuring its Xbox division by cutting 20% of its workforce and divesting four studios to address profitability and internal complexity. The company also plans to flatten its management structure and consolidate operations under a new Chief Operating Officer.

Business ·7 Jul 2026, 00:07 ·Elena Voss 3 min read
Dollar near two-week lows

Dollar near two-week lows

Dollar near two-week lows

Business ·6 Jul 2026, 08:42 ·Elena Voss 3 min read
Molly Tea ordered to pay Louis Vuitton $1.5m for trademark infringement

Molly Tea ordered to pay Louis Vuitton $1.5m for trademark infringement

A Suzhou court ordered Molly Tea to pay damages and issue a public apology for infringing on seven of Louis Vuitton's registered four-petal flower trademarks.

Business ·6 Jul 2026, 06:35 ·Elena Voss 4 min read
Boutique condos likely to have more quality defects: BCA

Boutique condos likely to have more quality defects: BCA

Singapore's Building and Construction Authority reports a higher incidence of workmanship defects in small-scale boutique condo projects. New regulatory frameworks are now in place to hold developers accountable for construction quality.

Business ·6 Jul 2026, 04:36 ·Elena Voss 3 min read
Starlink imposes demand surcharges of up to 1,500 dollars on customers

Starlink imposes demand surcharges of up to 1,500 dollars on customers

SpaceX has implemented a dual-tracked pricing strategy that features steep demand surcharges alongside hardware and monthly plan discounts. The shift has caused user frustration regarding automated billing errors and limited high-speed alternatives in rural areas.

Business ·6 Jul 2026, 01:33 ·Elena Voss 3 min read
US and Japan Hold Key Patents In Rare Earth Tech, Study Finds

US and Japan Hold Key Patents In Rare Earth Tech, Study Finds

While China dominates global rare earth mining and processing, a new study finds that the US and Japan hold the core patents for advanced applications.

Business ·5 Jul 2026, 22:04 ·Elena Voss 3 min read
AMMON rejects sabotage claims

AMMON rejects sabotage claims

AMMON rejects sabotage claims

Business ·5 Jul 2026, 07:44 ·Elena Voss 3 min read
Roberts Bank Terminal 2 expansion to support new southern pipeline route

Roberts Bank Terminal 2 expansion to support new southern pipeline route

The federal government and British Columbia have launched a major infrastructure initiative to connect Alberta crude to Pacific markets via an expanded Roberts Bank terminal. The project aims to drive $3 billion in annual economic growth while facing scrutiny over potential environmental impacts.

Business ·3 Jul 2026, 23:39 ·Elena Voss 4 min read
AI token expenditure index declines as pricing power concerns mount

AI token expenditure index declines as pricing power concerns mount

A decline in the Silicon Data LLM Token Expenditure Index has fueled market skepticism regarding the sustainability of the current AI infrastructure boom.

Business ·3 Jul 2026, 18:34 ·Elena Voss 4 min read