The European Union has “severe issues” about the U.S. Inflation Reduction Act, indicating it breaches international trade policies, according to an official document seen by CNBC.
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EU says it has severe concerns about Biden’s Inflation Reduction Act
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UBS downgrades U.S. IT sector despite a recovery. It gave 3 reasons why
Key Points UBS downgraded its outlook on U.S. IT stocks on Tuesday, citing lingering “software uncertainty” and increased capital expenditure. The Swiss investment bank’s move comes after a sell-off in software stocks over the past week as investors turn cautious towards the sector. UBS recommended investors diversify exposure to other sectors, including healthcare and utilities. […]
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Gold ticks lower on increased risk appetite; investors await U.S. economic data
Gold fell on Tuesday as investors stayed cautious ahead of U.S. jobs and inflation data that would indicate the Federal Reserve’s interest rate trajectory. Oliver Strewe | The Image Bank | Getty Images Gold prices eased on Tuesday, as improved risk appetite lifted global equities, while investors awaited a series of U.S. economic data later this week […]
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China’s Alibaba launches AI model to power robots as tech giants talk up ‘physical AI’
A man walks past the Alibaba logo displayed at its booth during the China International Supply Chain Expo in Beijing, China July 16, 2025. Florence Lo | Reuters Alibaba on Tuesday launched an artificial intelligence model designed to power robotics, as more tech giants push into the fast-growing field. The model, called RynnBrain, is designed […]
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