UPS expects third-quarter domestic revenue to be flat but CEO tells CNBC the company is through its 'bumps'
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United Parcel Service on Tuesday posted second-quarter earnings results that beat Wall Street expectations and raised its full-year outlook, but said it expects domestic third-quarter revenue to be flat.
Banks charged mortgage holders $55m in extra interest after offset account errors, Asic finds
Asic has accused banks of “not getting the basics right”, after the regulator found faulty mortgage offset accounts meant borrowers were being overcharged tens of millions of dollars in extra interest payments.
Mamdani’s City Run Grocery Stores And Their Potential Market Impact
Mamdani Grocery Store Getty Images
New York City Mayor Zohran Mamdani’s $124.7 billion budget includes one of the city’s most unusual experiments in recent memory: five city‑run grocery stores that will sell staple foods at a 30% discount. Supporters see a targeted affordability measure, while economists warn the model could reshape pricing, competition and the small-business ecosystem that keeps food accessible in many neighborhoods. As the first store moves toward opening, the question is whether this intervention will expand access or introduce new market pressures.
Tabby's star may be orbited by a planetary-mass companion
By analyzing data from NASA's Transiting Exoplanet Survey Satellite (TESS) and conducting new radial velocity measurements, U.K. and French astronomers have found evidence that the mysterious Tabby's star may be orbited by an object about nine times more massive than Jupiter. The new findings are published on the preprint server arXiv.
China Launches WAICO In Shanghai As West Sits Out AI Governance
The creation of a "Chinese track" for AI governance has intentionally omitted Western-aligned countries.
Matcha is under threat from climate change – can genomics save it? | New Scientist
Mount Fuji surrounded by green tea plantations in Shizuoka, Japan tawatchai prakobkit/Alamy
Climate change is wreaking havoc on matcha, traditional Japanese tea that has become a popular addition to iced lattes and even doughnuts around the world. Japan’s hotter nights and erratic spring temperatures are reducing yields and impacting the plant’s distinct umami flavour. But tea growers are starting to use genomic selection to overcome this, by identifying markers of heat tolerance in the plant’s seedlings.
French Navy carries out 'shooting drill' in English Channel mid BBC interview
A French Navy boat was heard firing shots during a BBC interview earlier
ByDaniel Sexton
South East
Updated 2 hours ago
A French Navy patrol boat appeared to fire a round of gunshots "without warning" in the English Channel during a BBC interview with the UK shadow home secretary.
South Korean stock market at three-month low as AI sell-off intensifies
The sell-off in AI stocks has intensified, driving South Korea’s stock market down to its lowest level in three months.
Investors continued to ditch chip stocks on Tuesday, amid rising concerns about the huge amount of borrowing among AI companies to fund their datacentre expansion plans.
UK politics: Tories’ Philp rejects French claim that shots fired from naval boat near him were training exercise – as it happened
From
4h agoPhilp rejects French claim that shots fired from naval boat near him were training exercise, not intimidation
According to Chris Philp, the French authorities are now saying the shots fired from the boat near him in the Channel were just part of a training exercise. He has accused them of not telling the truth.
Deaths feared after ‘many people’ trapped inside Japanese shopping centre following earthquake – live updates
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4h agoDeaths feared after ‘many people’ trapped inside Japanese shopping centre - reports
It is feared that a “considerable number” of people have died in a shopping mall damaged by a major earthquake in southwestern Japan, broadcaster TBS said.