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HinduBusinessLine
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Guardrails against modern slavery
- India has various statutes that address issues related to trafficking, slavery, and forced labor.
- Several acts criminalize practices such as bonded labor, child labor, and trafficking for sexual exploitation.
- International agreements and regulations aim to eradicate modern slavery and child labor globally.
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Bloomberg Quint
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DMart Q1 Results To Be Announced Today — Here Are Earnings Estimates
- DMart is set to announce its Q1 results, with analysts expecting a 14% rise in profit for the June quarter.
- Bloomberg estimates predict a 17.8% year-on-year revenue increase to Rs 16,583 crore for DMart in Q1.
- Ebitda is expected to increase by 11% to Rs 1,354 crore, with margins likely to narrow to 8.2%.
- Despite concerns of weak demand impacting consumer staples, multiple companies including Avenue Supermarts Ltd., Amal Ltd., and Aditya Birla Money Ltd. are set to report their Q1 financial results.
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Guardian
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Welcome to Prime Day, when thousands of product thumbnails blur together to form a giant pile of garbage | Anna Spargo-Ryan
- Welcome to the era of always-on sales, where every minute something's marked down.
- Prime Day defies time, generating sales for Amazon and third-party sellers.
- Criticism of consumerism and wastefulness surrounding Prime Day and ongoing sales trends.
- A reflection on the overwhelming consumerist culture encouraged by events like Prime Day.
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VentureBeat
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$8.8 trillion protected: How one CISO went from ‘that’s BS’ to bulletproof in 90 days
- Sam Evans, CISO of Clearwater Analytics, addressed shadow AI and data protection concerns.
- Integration of AI in security playbooks enhances response capabilities and threat identification.
- Deployment of Island helped control shadow AI risks and improve security measures significantly.
- Insights from Evans shed light on the importance of balancing security and productivity.
- Solutions like Island and Chrome Enterprise Premium play crucial roles in combating shadow AI.
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Guardian
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370
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Government inheriting poor value assets due to bad handling of PFI contracts, watchdog says
- The poor management of private finance contracts is leading to low-quality assets being handed back to the government, such as schools and hospitals, as noted by the public accounts committee (PAC).
- PFI deals have been a controversial way to build public projects without adding to the national debt, but concerns persist over the value for money they provide.
- MPs are recommending major changes to ensure careful management of PFI contracts and compliance with obligations by private sector firms to avoid issues when contracts expire.
- The PAC is urging the government to provide a comprehensive framework for sharing risks between public and private sectors, along with detailed information on future infrastructure projects to attract new investors and drive competition.
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Medium
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406
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The End of the Knowledge Economy (And What Comes Next)
- The traditional knowledge economy model, which prioritized abstract, analytical thinking, is becoming obsolete as AI surpasses human capabilities in information processing.
- The shift signals the end of a 400-year-old knowledge system and the emergence of a new era focused on integrated intelligence and wisdom.
- Humans are encouraged to reclaim their unique strengths, such as intuition, relational intelligence, and meaning creation, as AI takes over analytical tasks.
- The future competitive advantage lies in human-machine collaboration, embodied pace, strategic subtraction, and relational intelligence in the upcoming 'wisdom economy.'
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Moneyweb
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South Africans moving funds internationally now have a cheaper, easier option than their bank
- Future Forex is offering a cheaper and more efficient alternative to traditional South African banks for international fund transfers.
- The company claims that customers are overpaying by 30-50% on forex transactions made through banks due to hidden fees and high markup rates.
- Future Forex cuts costs by up to 50% for individuals and 30% for businesses, providing significant savings for various types of transactions.
- The company also provides a white-glove service with dedicated account managers, personalized assistance, and user-friendly online platforms.
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Moneyweb
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Mergers and acquisitions are reshaping the grid
- Africa's renewable energy sector is shifting towards commercial maturity, with mergers and acquisitions playing a key role in reshaping the market for resilience and long-term value.
- Investors are moving towards stable operating platforms and predictable returns, with infrastructure funds and private equity firms focusing on portfolios that offer consistent growth potential.
- The sector is evolving with a focus on valuing assets based on technology mix, commercial edge, and revenue models that include blended strategies and shorter contracts.
- The landscape includes shifting dynamics such as the rise of battery storage, evolving revenue models, changing financing structures, and the importance of strong operations and maintenance post-acquisition for unlocking long-term value.
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Engadget
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Apple, Mastercard and Visa's antitrust lawsuit over payments has been dismissed
- Apple, Mastercard, and Visa dodge antitrust lawsuit over payments regarding alleged collusion to maintain the current status quo in point-of-sale-payment card services.
- The lawsuit filed by beverage retailer Mirage Wine and Spirits claimed Apple was accepting bribes to limit the development of its payment network and keep iPhone NFC-based 'tap to pay' functionality exclusive.
- The judge dismissed the lawsuit due to lack of evidence that Apple intended to launch its payment network. Apple collaborates with Visa and Mastercard for Apple Pay and its financial products like Apple Cash (Visa) and Apple Card (Mastercard).
- Although the claims suggested payment arrangements between Apple and the card networks, the judge deemed them circumstantial. Apple has, however, opened up NFC tap-to-pay transactions to external developers after facing regulatory pressure.
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Moneyweb
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242
Crypto scammer gets 12 years in prison, up from 18 months
- Nicholas Truglia, who initially received 18 months in prison for his involvement in a $22 million cryptocurrency theft scheme, had his sentence extended to 12 years for failing to repay the victim $20.4 million as promised.
- Despite already serving his original sentence, Truglia was taken into custody immediately after the resentencing.
- Truglia's lawyer argued that the new sentence was an 'extraordinary abuse of discretion' and pledged to appeal.
- Truglia was part of a group of hackers who targeted Michael Terpin, draining his cryptocurrency accounts. The judge criticized Truglia's lavish lifestyle and assets, including crypto, art, and jewellery.
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Forbes
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344
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Your K-Beauty Is About To Become More Expensive: What You Need To Know
- President Trump's new 25% tariff on imports from countries like Japan and South Korea, major exporters of beauty products to the U.S., could lead to increased prices for popular skincare items.
- The tariffs are expected to be implemented on August 1, pending legal or trade-related challenges, impacting well-known Korean skincare brands like Laneige, Beauty of Joseon, and CosRx.
- In 2024, the U.S. imported $1.7 billion worth of beauty products from South Korea, making it the largest beauty goods exporter to the U.S., with imports from South Korea growing significantly.
- Big retailers might initially absorb the costs to avoid immediate price hikes, but consumers could eventually see higher prices on skincare products due to the tariffs.
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Forbes
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272
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Avoid Unexpected Tax Bills: Essential Tips for Side Hustlers in 2025
- More Americans are turning to side hustles amid rising costs to cover expenses, but many are unaware of the tax responsibilities associated with such gigs.
- Starting in 2026, the One Big Beautiful Bill will increase the QBI deduction for pass-through entities, benefiting gig workers, but being mindful of 2025 tax obligations remains crucial.
- To avoid future tax issues, individuals should accurately report all income from side gigs, stay organized with business expenses, and consult tax professionals when needed.
- While side gigs can increase income, careful tax planning is essential to prevent surprise tax bills, making it important to understand income reporting, deductions, and seek professional advice if necessary.
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Baystreet
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366
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TSX Surges Through to Close
- The TSX Composite Index gained 109.98 points to close at 27,082.30 fueled by industrial and telecom shares.
- Canada Goose's private equity backer, Bain Capital, considers selling its stake as Canada seeks to expand into new markets amid U.S. tariffs.
- Consumer discretionary stocks rose with Magna International and Air Canada; electronics firm Celestica and software company Lightspeed Commerce experienced declines.
- The Dow Jones Industrial Average and S&P 500 rose as traders shrugged off tariff concerns; Tesla stock climbed, and Estée Lauder saw an increase after Bank of America reinstated coverage.
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Baystreet
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276
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Fresh Records for S&P, NASDAQ
- The Dow Jones Industrial Average rose on Thursday as traders overlooked tariff tensions, with the S&P 500 and NASDAQ also hitting fresh records.
- The Dow closed at 44,650.64 with a gain of 192.34 points, while the S&P 500 reached 6,280.46 and set an all-time intraday high. The NASDAQ Composite climbed to 20,630.67.
- Estée Lauder's shares surged 6.3% after Bank of America reinstated coverage with a buy rating, while Tesla's stock rose 4.7% as Wells Fargo predicted improved deliveries despite challenges.
- President Trump announced tariffs on imported copper and Brazil, citing unfair trade practices. The 10-year treasury yields rose slightly, while oil prices fell and gold prices rose.
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Bloomberg Quint
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276
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Amazon India's Samir Kumar Draws Inspiration From Shubman Gill In Second Run At E-Commerce Giant
- Samir Kumar, country manager for Amazon India, draws inspiration from cricketer Shubman Gill for his second innings at the company.
- Kumar, who previously worked with Amazon India during its 2012–2016 launch, is impressed by the company's growth and customer loyalty in India.
- Amazon's strategy in India focuses on serving all regions with a wide selection, efficient logistics, and a strong customer-centric approach.
- Kumar emphasizes the importance of Amazon's supply chain, deep product assortment, customer satisfaction, employee welfare, and support for small businesses in India.
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