Warner Bros. Discovery has sued the NBA in an effort to keep distributing the league’s games, after it chose NBCUniversal and Amazon as new media partners.
China’s industrial profits post faster gains in June despite faltering economy
A 3.6% year-on-year rise in profits last month followed a 0.7% gain in May, while first-half earnings were up 3.5% compared with a 3.4% rise in the January-May period.
Stocks soar, Dow closes 650 points higher buoyed by bullish inflation report: Live updates
The three major averages climbed on Friday.
Novo Nordisk’s Wegovy wins EU backing for reducing heart risks
Novo Nordisk’s Wegovy has received backing from the EU’s medical regulator to expand the weight loss drug’s use to reducing the rise of serious heart events.
UK Finance Minister Rachel Reeves pledges most ‘pro-growth, pro-business’ government the country has seen
U.K. Finance Minister Rachel Reeves said Friday that the new Labour government would be the most pro-growth and pro-business the country has seen.
Eurostar cancels quarter of train services ahead of Olympics after arson attacks on French railway
French railway operator SNCF said in a statement its network had experienced several concurrent attacks on Thursday night, with fire damaging its facilities.
OpenAI announces a search engine called SearchGPT; Alphabet shares dip
OpenAI announced a prototype of its SearchGPT search engine on Thursday.
CNBC’s Inside India newsletter: The tax with potential side effects
The Indian government is borrowing a page from 17th-century England over taxation, but modern Britain holds the clue to some of its side effects.
Most Asia-Pacific markets rebound after sell-off as investors assess Tokyo CPI, await U.S. inflation data
Inflation in Japan’s capital city of Tokyo is widely considered a leading indicator of price increases in the country.
Revolut clinches UK banking license, ending three-year wait
British fintech startup Revolut on Thursday that it had received a preliminary banking license with restrictions, bringing to an end a three-year wait.