Business
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.
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.
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.
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.
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.
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.
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.
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.
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.
SK Hynix 28 billion dollar US IPO draws heavy institutional demand
SK Hynix 28 billion dollar US IPO draws heavy institutional demand
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.
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.
Dollar near two-week lows
Dollar near two-week lows
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.
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.
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.
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.
AMMON rejects sabotage claims
AMMON rejects sabotage claims
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.
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.