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US diplomats mount formal campaign against the EU’s digital law. A confidential directive from Washington has instructed American diplomats in Europe to push for changes to the Digital Services Act, arguing the rules burden US tech companies and threaten free speech. European authorities are standing firm as regulatory tensions grow.
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HPE debuts AI-powered network security and backup at Black Hat. The integrated security and data protection portfolio features an AI-based SASE copilot and enterprise-scale backup. The new tools aim to deliver unified, zero-trust protection and automated recovery for complex IT environments.
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News Corp warns Trump his books are targets for AI ‘theft’. News Corp has publicly cautioned Donald Trump that artificial intelligence tools are cannibalising the content of his books — including The Art of the Deal — as the company intensifies its calls for stronger copyright protection in the age of generative AI.
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US tariffs on semiconductor and drug imports could reach 250%. Markets face uncertainty as technology and healthcare companies brace for higher costs and new supply-chain disruption in the wake of President Trump’s latest trade escalation and fragile international talks.
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The US Federal Reserve paused rates for the fifth meeting. A rare split vote highlighted internal debate as economic signals diverged. Chair Powell reaffirmed the central bank’s independence, leaving markets and policymakers weighing the prospect of a policy shift in September.
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Evercore is buying boutique advisory firm Robey Warshaw for £146 million. The deal, expected to close in Q4 2025, adds strategic firepower to Evercore’s UK and European ambitions, bolstering its credentials in high-value M&A advisory and expanding its reach in cross-border transactions.
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Trump criticises UK’s North Sea oil taxation as excessive. US President Donald Trump has criticised the UK for high taxes on North Sea oil, calling it a “TREASURE CHEST” for the country. He urged for incentives to attract drillers, highlighting potential financial gains and reduced energy costs.
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US M&A rebounded this week with bank tie-ups, rail megadeals, and a media merger finalised. Five standout transactions revealed strategic integration, regulatory shifts, and consolidation pressures.
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AI giants are beating estimates while airlines and food brands struggle. The second-quarter earnings season has revealed a sharp divergence, with firms like Alphabet and IBM reaping AI gains, while consumer-facing businesses report weakening demand and rising costs.
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EU and US near trade deal with 15% tariffs. The European Union and the United States are finalising a trade agreement imposing 15% tariffs on most EU exports. Exemptions for aircraft and medical devices are under consideration, but key industries remain affected.