Daily Recap

Sunday, 12 July 2026

Business today was defined by how companies and markets are navigating technological disruption, labor pressures and geopolitical risk. Tata Consultancy Services signaled just how central artificial intelligence has become to the IT sector, unveiling plans to deploy up to 8,900 AI engineers with clients while also scouting acquisitions in AI, data security and cybersecurity as demand shifts toward faster, leaner delivery. In manufacturing, Ford and Unifor struck a tentative three-year contract covering roughly 5,000 Canadian workers, a deal that could bring stability to key plants even as details await ratification. Meanwhile, energy markets remain on edge as Washington insists the Strait of Hormuz is still open to commercial shipping despite Iran’s claim that the vital chokepoint is closed amid continuing attacks. That uncertainty comes as India ramps up purchases of discounted Russian crude to record levels, underscoring how trade flows keep adapting even under strain.

Recap for Sunday, 12 July 2026

Photos from today's Business coverage
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