DeepSeek Eyes China IPO as AI Startup Seeks $71 Billion Valuation in New Funding Round 
Mastercard Explores Sale of Majority Stake in UK Payments Firm Vocalink: Report 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
BOJ May Raise Japan Growth Forecast While Keeping Focus on Inflation Risks 
Trump Administration Sues Maryland Over Alleged Sanctuary Immigration Policies 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Bayer Wins Major U.S. Supreme Court Roundup Lawsuit, Shares Surge 
South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
US Judge Seeks Explanation for DOJ’s Decision to Drop Gautam Adani Bribery Case 
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets 
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
Uber agreed to pay a US$19 million fine for misleading riders by falsely warning they could be charged a cancellation fee and for inflating estimates of comparable taxi rides.
Uber admits it misled Australian passengers for years, according to Commission Chair Gina Cass-Gottlieb, adding that some of them may have decided not to terminate their journey after receiving the cancellation warning.
The second infraction was the app's provision of predicted taxi costs to Sydney clients between June 2018 and August 2020, when the taxi trip option was removed.
The taxi estimations were overstated due to the technique utilized to determine the fare ranges.
According to the commission, Uber did not check that the algorithm was accurate.
Uber apologized for the taxi fare estimate and said it worked with the commission and made platform modifications in response to investigators' concerns.
The commission and Uber have decided to jointly petition the Federal Court for the A$26 million ($19 million) penalties.
Under Consumer Law, the maximum pecuniary penalties were A$1.1 million ($793,000) per violation.
They are now worth A$10 million ($7.2 million), or 10 percent of annual turnover, or three times the amount of the benefit obtained.
