Caspian Pipeline Consortium (CPC) will continue oil and tanker operations after earlier consideration of an indefinite suspension.

Major US equity indices closed higher on Friday as Amazon (AMZN.O) surged more than 15% after reporting its largest quarterly revenue gain in over four years. Amazon’s results, alongside a similar Microsoft (MSFT.O) report on Wednesday, eased investor concerns about potential overinvestment in AI data-center capacity. Longbow Asset Management CEO Jake Dollarhide said the reports dispelled worries that Amazon’s spending was a risky 'moonshot.' Apple (AAPL.O) fell 7.4% after warning that supply constraints will weigh on growth, reviving concerns that recent iPhone price increases could damp consumer demand.

On July 30, the Consumer Goods Industry Department of China’s Ministry of Industry and Information Technology and the Hong Kong Trade Development Council met to discuss cooperation on brand development, industry innovation and international expansion. They agreed on cooperation intentions to cultivate internationally leading Chinese consumer brands, promote development of historically significant industries, and expand Chinese consumer-goods access to overseas markets.