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BENTONVILLE, Arkansas: Walmart said on July 17 that Kieran Shanahan, chief operating officer of its U.S. operations, is leaving the company and will be succeeded by Kyle Kinnard, the current chief operating officer of its international division, as the retailer continues a broader management reshuffle under Chief Executive Officer John Furner.

LOS ANGELES, California: Netflix shares tumbled more than eight percent after the streaming giant forecast third-quarter revenue and earnings below Wall Street expectations, raising fresh questions about how it plans to sustain growth amid intensifying competition. The company projected third-quarter revenue of US$12.86 billion and diluted earnings per share of 82 cents, missing analysts' forecasts of $13 billion in revenue and 84 cents per share, according to LSEG.

Tehran [Iran], July 19 (ANI): Iran's Foreign Ministry spokesperson Esmail Baghaei said that Tehran no longer considers itself committed to implementing the 14-point Memorandum of Understanding (MoU) with the US, signed last month, after the United States violated its obligations under the agreement by escalating its military strike on the Islamic Republic.

CUPERTINO, California: Apple reclaimed the title of the world's most valuable company on Friday, overtaking Nvidia as investors broadened their bets beyond the biggest beneficiaries of the artificial intelligence boom. Apple was valued at US$4.88 trillion, while Nvidia's market capitalization fell to about $4.86 trillion after its shares dropped 3.5 percent. Apple last held the top spot in April last year.

SHANGHAI, China: On July 17, Chinese President Xi Jinping presented China as a leader of a new global system for artificial intelligence (AI). He used the country's top technology conference to promote open-source AI and challenge the United States' influence over how rules for this fast-growing sector are set.

New Delhi [India], July 18 (ANI): A meeting of senior Delhi Police officers was held at the DCP Office in New Delhi on Friday to review the law and order situation following the shifting of activist Sonam Wangchuk from Jantar Mantar to Safdarjung Hospital. Special Commissioner of Police (Law and Order) Devesh Chandra Srivastava chaired the meeting and took stock of the operation to shift Wangchuk to the hospital.

New Delhi [India], July 18 (ANI): Axis Bank's standalone net profit rose 22.5 per cent year-on-year to Rs 7,113.92 crore in Q1FY27, supported by a sharp decline in provisions and contingencies, even as pressure on other income and a rise in interest expenses moderated the growth in core operating profit. Net interest income (NII) increased 8 per cent to Rs 14,646.10 crore, while operating profit rose a modest 1.3 per cent to Rs 11,659.10 crore, according to the bank's exchange filing on Saturday.

WASHINGTON, D.C./BRASILIA: The United States has imposed 25 percent tariffs on many imports from Brazil while granting a broader-than-expected list of exemptions, marking the first use of the Trump administration's new trade strategy that could eventually be extended to other major trading partners. The tariffs, announced by the Office of the U.S. Trade Representative (USTR), are due to take effect on July 22.

NEW YORK CITY, New York: Verizon said on July 16 it will sell 274 company-owned retail stores and eliminate about 500 corporate positions as the U.S. wireless carrier continues its restructuring efforts. The latest measures will affect about 3,000 retail and corporate employees in total. Following the sale, which is scheduled to take effect on August 16, Verizon will own 1,000 retail stores. The announcement marks the latest step in the company's cost-cutting program.

Washington DC [US], July 18 (ANI): Two senior Republican lawmakers have urged the US Securities and Exchange Commission (SEC) to consider restricting Chinese companies listed on American stock exchanges from accessing US capital markets, arguing that such measures are necessary to safeguard the country's economy, investors and national security.