New Zealand's annual ⁠inflation ⁠accelerated in the second quarter to ⁠a 2-1/2-year high, reinforcing expectations the central bank will raise the ​cash rate when it next meets in September, Reuters reported. Data released by Statistics New Zealand on Tuesday showed annual ‌inflation at 4.1%, above analysts' forecasts ‌of 4.0% and the Reserve Bank of New Zealand's latest projection of 3.9% for ⁠the quarter. The consumer ⁠price index rose 1.5% in the second quarter from the previous ​quarter, Statistics New Zealand said. Economists polled by Reuters had expected a 1.4% quarterly rise.

Chinese artificial-intelligence developers are racing to raise money through share offerings or loans, believing they need a bigger war chest to keep up with U.S. competitors, the Wall Street Journal reported. At least six startups that develop AI models are preparing for initial public offerings in Shanghai or Hong Kong through 2027. They are joined by China’s two largest memory-chip makers and three humanoid-robot developers. A flurry of new releases from China has brought local AI models closer to cutting-edge U.S. systems.

The National Company Law Appellate Tribunal (NCLAT) has dismissed appeals against the sale of Sristi Hospitality through insolvency and refused to review its valuation, saying the resolution plan has already been accepted by the Committee of Creditors (CoC), the Economic Times of India reported.Rejecting the allegations of undervaluation of the asset by the suspended board (former promoters) of the hospital, the insolvency appellate tribunal said: "We are of the view that once the CoC is satisfied with the valuation and has approved the resolution plan, such allegations raised by e

Lee Seung-ho watched the nearly 300 million won ($202,515) stock trading fortune he built with ‌a 500% margin loan evaporate in just four weeks in May, but he plans to borrow again and return to the market the moment he has enough capital, Reuters reported. The 24-year-old South Korean university student in Seoul briefly turned the 20 million won he saved during mandatory military service into a 15-fold windfall, all by tapping a "tiny circle button" on his trading app that instantly unlocked five-times leverage. Then ​the market turned.

India's markets regulator on Monday imposed a fine of 10 million ‌rupees on Central Depository Services (India) Ltd (CDSL) for multiple ‌cybersecurity and compliance failures linked to a malware attack that ​disrupted depository operations in November 2022, Reuters reported. The regulator said the Indian depository, which handles 83 million, or 70% of the country's investor ‌accounts, had failed ⁠to classify an internet-facing server as a critical asset and to safeguard it, ⁠despite rules requiring such systems to be treated as such. This server was the root cause of the ​malware attack.

Alibaba's AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for ‌failing to tackle sales of illegal, unsafe and counterfeit products on its platform, Reuters reported. The fine was the third issued by the European Commission under the EU's landmark Digital Services Act, which requires very large online platforms to do more to counter illegal and harmful content. The Commission charged AliExpress in June last year with ​failing to comply with a DSA requirement to assess and mitigate the risks of dissemination of illegal products.