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Bernie Sanders Targets Microsoft Over Layoffs and Tax Policy
Senator Bernie Sanders criticized Microsoft’s recent layoffs and price hikes as evidence that corporate tax cuts fail to benefit American workers.
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Klarna Applies for U.S. Banking Charter to Expand Beyond BNPL
Fintech leader Klarna has applied for a U.S. banking charter in Utah to lower funding costs and reduce reliance on third-party partners by using deposits.
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Heather Evans takes helm of Canada Revenue Agency amid internal labor challenges
Heather Evans officially assumed the role of Commissioner of Revenue on July 13, 2026, marking a shift toward private-sector leadership for the tax agency.
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Singapore Airlines Expands Ultra-Long-Haul Network with 11 Strategic A350 Routes
Singapore Airlines is scaling its ultra-long-haul operations in 2026, deploying Airbus A350 jets across 11 routes with flight times exceeding 14 hours.
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KOSPI Plunges 8% as Tech Sell-Off Triggers Market Circuit Breaker
South Korea’s KOSPI index suffered an 8% drop on Tuesday, triggering a market-wide circuit breaker as investors offloaded tech heavyweights despite record profits.
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OpenAI Expands Model Portfolio with GPT-5.6 Sol and Realtime 2.1 Updates
OpenAI launches the GPT-5.6 Sol reasoning model and Realtime 2.1-mini, boosting coding efficiency and low-latency voice AI while addressing benchmark concerns.
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Australia Faces Longest Stretch of Weak Growth Since 1990s Recession
Deloitte Access Economics has downgraded Australia’s growth forecast, predicting the longest period of sub-two per cent growth since the early 1990s.
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Apple’s iPhone 18 and Foldable Ultra Launch: Pricing, Supply, and Strategy
Ahead of the September launch, leaks suggest the foldable iPhone Ultra could retail for $2,500, with supply chain analysts warning of extreme scarcity.
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Ontario and Alberta Unveil Proposed Route for 3,300-Km ‘Northern Shield’ Energy Corridor
Ontario and Alberta premiers have proposed a 3,300-km pipeline route from Hardisty to Sarnia to boost national energy security and domestic crude distribution.
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Microsoft to Lay Off 4,800 Employees in Major Restructuring of Xbox Division
Microsoft is cutting 4,800 jobs, or 2.1% of its workforce, as it pivots its Xbox division strategy and balances massive AI infrastructure investments.
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Tesla Shares Rise as Robotaxi Service Expands to Miami
Tesla shares climbed following the expansion of its Robotaxi service to Miami and a positive research report on FSD technology growth.
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Pringles Enters Grill Category with Limited-Edition ‘Pop Dog Buns’ Launch
Pringles has launched potato-based, flavored hot dog buns, marking a strategic shift from the snack aisle to the grill category ahead of National Hot Dog Day.
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Argentina Authorizes Avianca to Operate New Bogota and Cali Routes
The Argentine government has granted Avianca authorization to launch new international routes connecting Buenos Aires with Cali and Cartagena de Indias.
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President Trump marks official launch of ‘Trump Accounts’ for children
President Trump is marking the launch of ‘Trump Accounts,’ a new federal investment program providing $1,000 in seed money for millions of eligible children.
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Microsoft Initiates Largest Xbox Layoffs in Years, Closes Five Studios
Microsoft has begun mass layoffs and studio closures under a new ‘Xbox Reset’ strategy, citing a 3% profit margin and failing subscription model economics.
