ASML’s orders in the second quarter beat estimates after the AI boom drove demand for its sophisticated chip-making machines

The NBA has officially begun the process to expand for the first time in more than two decades

The EU will announce its plan for the bloc's next seven-year budget amid competing demands for funds as Europe tries to boost defense and its economy

Huawei took the top spot in China’s smartphone market for the first time in more than four years, a comeback fueled by new designs and software that appealed to users in a slowing market

Nvidia Corp. boss Jensen Huang anticipates getting the first batch of US licenses to export H20 AI chips to China soon, formally allowing the company to resume sales of a much sought-after component in the world’s top semiconductor arena.

Sweden’s largest lender by market value, SEB, posted better-than-expected profit from lending thanks to continued growth in loan and deposit volumes

Australian regulators will look into a potential framework for the distribution of physical money across the country as increasing use of online and card payments add to complexities of keeping cash in circulation.

South Korea is seeking to redirect household wealth concentrated in real estate into equities, according to a lawmaker spearheading a committee tasked with supercharging the nation’s stock market

At least nine US and international banks raised their forecasts for China’s economic growth this year following better-than-expected data from the second quarter

Indonesia sees securing a 19% tariff rate with the US as a “huge win” for some of the Southeast Asian nation’s most labor-intensive sectors such as garments and footwear, a government adviser says

Fired. Reinstated. He still doesn't know why. One US Centers for Disease Control and Prevention official on what it's like to work for the agency under Donald Trump 📷: David Ryder/Bloomberg

The EU and UK need to end their carbon-market separation (via @opinion)

Mastercard is joining the competition for big spenders, announcing a higher-yet tier of rewards card designed to help banks challenge offerings from Chase, American Express and Capital One, among others

Cupra and Dacia, a pair of successful European automotive disruptors, show the industry gloom is overdone, writes @chrismbryant (via @opinion)

HDFC Bank says it will consider a bonus issue of shares on July 19, when the country’s largest private sector lender is scheduled to announce its quarterly earnings

Prime brokerage is expected to make $30.8 billion for banks this year and everyone wants a bigger piece of the action

FICO's days of 100%+ price increases are probably over - in the battle between monopoly profits and regulatory pressure, the regulators usually win, writes @MarcRuby (via @opinion)

Never fully beaten, inflation is coming back to life, @johnauthers says. Just in time for a rates showdown (via @opinion)

A Chinese court sentenced a Japanese citizen to a prison term for espionage, Nippon TV reported, citing an unidentified Japanese government official, in a verdict that threatens to damage ties between Asia’s two largest economies

Malaysia’s sovereign wealth fund is weighing raising $500 million from an exchangeable dollar bond sale to help fund its overseas investments