FOX Business Briefs 7/3

CEO says AI will wipe out jobs; discount fashion company Shein faces pushback from regulators in France; Chick-fil-A voted most satisfying fast-food chain in America.

ECB cuts rates as bets build on a summer pause

The ECB has now lowered borrowing costs eight times since last June, seeking to prop up a eurozone economy that was struggling before U.S. economic policies dealt it further blows.