ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
easyJet Agrees in Principle to £5.23 Billion Castlelake Takeover Offer 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says 
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
Meta Cloud Ambitions Could Challenge AWS, Azure, and Google Cloud, Says Morgan Stanley 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
Foxconn Q2 Revenue Surges Nearly 40% on Strong AI Server Demand 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
British retailer Burberry has tied up with China's tech giant Tencent to launch a social media-anchored luxury concept store dubbed "social retail store" that opened on Friday in Shenzhen, China.
Tencent's WeChat, China's equivalent of WhatsApp, has over a billion users in China.
The partnership comes as tensions rise between the UK and China, with China's UK ambassador Liu Xiaoming describing their relations to have been "seriously poisoned."
The virtual store aims to position Burberry as an innovator among Chinese shoppers, who account for around 40 percent of its sales.
Burberry CEO Marco Gobbetti noted that China was the obvious place to go in innovating around social and retail with China being home to the most digitally savvy luxury customers.
According to China Market Research Group founder Shaun Rein, Burberry is ahead of the curve in understanding social media and e-commerce as tools in selling to Chinese consumers.
He noted that many luxury brands focus only on the in-store experience, which does not work for the Chinese who want to shop online.
