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European Edition
31st July 2026
 
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THE HOT STORY

Firms must label AI-generated content from Sunday

The EU's comprehensive AI law launches on Sunday to ensure Europeans immediately know whether the online content they see is real or fake. Companies must make sure their AI systems, including chatbots, make it clear to users they are AI. When an image or text has been created using AI, it must be labelled as such - for example, by integrating watermarks and other markers to enable the easy detection of AI-generated content. Firms face large fines if they don't comply. An EU official said that since AI is "making it increasingly difficult for all of us to distinguish what is real from what is synthetic," the rules seek to "preserve citizens' ability to trust what they see, hear, and read." Karen Massin, who leads Google's Government Affairs & Public Policy team in Brussels, warned of "regulatory complexity" that could prove counterproductive, and "risks confusing the people these rules are meant to help."
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WORKFORCE

Romanian healthcare workers go on indefinite strike

Thousands of doctors, nurses and other healthcare workers in Romania have gone on a nationwide general strike against a planned wage bill that is key for the country to access European Union funds. The strike was in large part precipitated by the public sector wage bill seeking to unify the pay system across state institutions and eliminate dozens of bonuses and allowances ​from 2027. Unions say that the wage bill would reduce the overall income of ​healthcare and education workers. “At this moment, we don’t have a credible and trustworthy negotiating partner because the interim government has no power to promise us any changes,” Iulian Pope, a leader of the Sanitas union, said.
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STRATEGY

BP cuts 700 jobs to simplify company

BP is cutting 700 "non-frontline" jobs as part of its restructuring under new CEO Meg O'Neill. The reductions would impact around 8% of ⁠the 8,500 such roles that historically were part of the company's production ​and operations business. "If your role is affected, that could mean that it does not ​exist in the new organisation, changes materially, or moves into a different ​part of the organisation," an internal email said. “We are building ​a simpler, ⁠stronger, more valuable BP. As part of this process, we are proposing changes that would result in a reduction in roles," a BP spokesperson told Reuters.

Visa to cut 2,600 jobs as AI reshapes payments industry

Visa is cutting 2,600 jobs, around 7% of its global workforce, as the payments giant restructures to adapt to rapid changes in the industry driven by AI and new payment technologies. Most of the reductions will be in its technology and product teams, although cuts will affect the wider organisation. Chief executive Ryan McInerney said AI is accelerating changes in how work is carried out at Visa and described the current technological shift as a "once-in-a-lifetime inflection point" for the payments industry. The restructuring comes as the sector adapts to emerging technologies such as stablecoins and agentic commerce, which could reshape traditional card payments.
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CYBERSECURITY

Anthropic says Claude AI hacked three organisations during cyber tests

Anthropic has disclosed that its Claude AI models gained unauthorised access to three outside companies during an evaluation of its cyber-offensive tasks, days after rival OpenAI ⁠revealed a rogue agent had gone on a hacking spree at AI ​firm Hugging ‌Face. “Claude compromised the ​impacted ​organisations’ infrastructure using ​basic techniques, such as ​exploiting ‌weak passwords and ​unauthenticated ​endpoints,” Anthropic said. Two of the organisations were ​unaware of the activity ‌before being contacted, and Anthropic said that ​it was still trying to reach the third. “We discovered these incidents after a proactive review of our cybersecurity evaluation transcripts,” the company said in a statement.
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TECHNOLOGY

Legora acquires UK AI litigation intelligence start-up Wexler

Legora, a fast-growing generative AI specialist based in Sweden, has acquired UK-headquartered litigation intelligence start-up Wexler, marking its fifth acquisition this year. Wexler's technology aids lawyers in organising and verifying facts in litigation, managing case files that can exceed 1m documents. Max Junestrand, CEO and co-founder of Legora, said: "Every dispute and every investigation comes down to the facts, and finding them is often the most manual and expensive part of legal work . . . As agentic systems take on more of that work, fact queries won't just grow, they'll multiply by orders of magnitude. Wexler is the infrastructure built to handle that scale today."
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ECONOMY

Eurozone economy grew 0.4% in second quarter despite Middle East energy shock

The Eurozone economy grew 0.4% in the second quarter - above the 0.2% growth predicted by economists in a Reuters poll - despite continued volatility in energy markets precipitated by the US-Iran war.
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INTERNATIONAL

PwC reports found to contain AI hallucinations and fabricated citations

An investigation by GPTZero has found that four PwC Middle East thought leadership reports published between 2024 and 2026 contained apparent AI-generated content, including fabricated claims, hallucinated citations, and unverifiable information. The AI detection company said there was an 84% likelihood that PwC's 2025 report, Transforming Governance, was entirely AI-generated, rising to 100% when the reference section was excluded. The report also claimed that PwC's Citizen Pulse framework was being used by the governments of Denmark, Saudi Arabia, the United States, and Australia, but GPTZero said it found no public evidence to support those assertions. GPTZero also identified problems across three other PwC Middle East reports, including inaccurate statistics, unrelated citations, false correlations, and one citation containing a ChatGPT URL. The findings add to a series of AI-related issues affecting the other Big Four accounting firms.

KPMG Australia has made no decision on possible job cuts

KPMG Australia says it has made no decision on possible job cuts after the Australian Financial Review reported that ​the firm plans to eliminate about 1,000 positions or 10% ‌of its workforce in the wake of an audit misconduct scandal, with details of the roles to be eliminated being shared with selected partners this week. "We are reviewing our operating model, ⁠cost base and workforce needs. It is important to note that ​no decisions have been made regarding any specific measures or potential impact ​on roles," said a KPMG spokesperson, who added the firm was continuing to evaluate "a range of options to ensure the firm remains well positioned for the challenges ahead."

WestJet flight attendants issue 72-hour strike notice

Flight attendants at Calgary-based carrier WestJet Airlines have given a 72-hour notice of a strike if talks fail to produce ​an agreement in a dispute over unpaid work. Cabin crew at Canada's second-largest carrier could strike as early as August 2 at 12:01 a.m. Mountain Time (0601 GMT) if a last-minute deal is not reached, said the Canadian Union of Public Employees (CUPE), which wants cabin crew to be paid from the time ⁠they check in to when they clock out, which is not currently ​the case.
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OTHER

World risks HIV resurgence amid funding decline, UNAIDS says

UNAIDS has warned that global funding cuts, growing inequality and setbacks to human rights are threatening decades of progress in the fight against HIV/AIDS. “The ⁠international community has entered a period of profound political and financial upheaval that threatens decades ​of hard-won gains against HIV," the U.N. body fighting AIDS said in its 60-page report released at the start of ​an International AIDS conference in Brazil. "Without renewed commitment and action, the world risks a resurgence of the HIV epidemic."
 
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