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Alibaba Agrees to Pay $600 Million to Settle US Probe Over Illegal Drug Sales

New Delhi, July 2 -- six hundred million dollars. Alibaba Group Holding and its United States payment-processing arm, AUS Merchant Services, agreed to pay $600 million to resolve allegations that the... Read More


EU's Digital Border System Threatens Europe's $45.4 Billion Summer Tourist Season

New Delhi, July 2 -- BRUSSELS - At the French entry point near Lyon, a departure gate closed Thursday before a Swiss family of four could board a Rome-bound flight they had arrived for ninety minutes ... Read More


Crypto Hacks Hit a Record Pace in 2026. The Money Mostly Went to Two Attacks.

New Delhi, July 2 -- By the numbers that usually matter most in crypto security, this should have been a quiet year. Total dollar losses to hacking are running behind the record pace set in 2025. By t... Read More


Canada's Telecom Regulator Orders Bell, Rogers and Telus to Justify Banned Fees

New Delhi, July 2 -- Canada's telecom regulator spent months warning Bell, Rogers and Telus that new charges on their bills looked like the exact fees it had just banned. On June 30, having been told ... Read More


Perpetual Rejects $1.7 Billion EQT Bid, the Third Suitor Circling Its Remains This Year

SYDNEY, July 2 -- Perpetual's board looked at a 20 percent premium and said no. Shareholders responded by pushing the stock up almost 17 percent anyway, a reaction that tells its own story about how l... Read More


Brent Crude Falls to Pre-War Levels as Iran Peace Talks Show Positive Progress

New Delhi, July 2 -- it declared the war over. Brent crude's August futures fell to $70.82 per barrel on London's ICE exchange, their lowest since February 27, 2026, the day before US and Israeli str... Read More


Japan and India Seal $12.5 Billion in Investment Deals as Takaichi Visits New Delhi

NEW DELHI, July 2 -- When Japan's Prime Minister Sanae Takaichi arrived at Hyderabad House on Thursday, she carried a list. By the time she left, 150 Japanese companies had signed memoranda of underst... Read More


Trump Declines to Renew CUSMA, Starting a 10-Year Clock on North American Trade

WASHINGTON, July 2 -- The assembly line didn't change on Wednesday. But the legal architecture holding it together quietly did. The United States declined to extend the Canada-United States-Mexico Ag... Read More


UAE Oil Exports Near 2017 Highs as OPEC Exit and Postwar Rebound Test Global Markets

New Delhi, July 2 -- DUBAI - The speed of the UAE's oil export recovery should make the rest of OPEC+ nervous. Less than four months after pipeline attacks and Strait of Hormuz disruptions pushed the ... Read More


Westpac Plans to Hire 350 Bankers to Claw Back Business Lending Ground From NAB

SYDNEY, July 2 -- Paul Fowler spent a decade helping Commonwealth Bank take market share in Australian business lending. Now, five months into running the same division at Westpac, he is turning that ... Read More