TechApple signs $500 million deal with MP Materials for U.S. rare earth magnets
The agreement includes a $200 million prepayment and will supply magnets for Apple devices starting in 2027
Jul 16, 2025
Monitoring Report
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World Business NewsU.S. consumer prices rise 0.3% in June as tariffs begin to take effect
The annual inflation rate climbs to 2.7% in June, up from 2.4% in May
Jul 16, 2025
World Business NewsBank of England Governor urges IMF to lead in addressing global economic imbalances
Bailey says large U.S. trade and current account deficits, combined with China’s surpluses and weak domestic demand, require multilateral action
Jul 16, 2025
World Business NewsMexico fines three financial firms $9.8 million after U.S. sanctions prompt action
Finance ministry says most of the fines relate to money-laundering prevention rules, while others apply to failures in meeting reporting requirements
Jul 16, 2025
World Business NewsMusk's X faces EU complaints over use of sensitive user data for targeted advertising
Nine civil society groups say X may be breaching the Digital Services Act, which prohibits advertising based on user data
Jul 16, 2025
AutomobileWaymo expands driverless service across major U.S. cities amid Tesla rivalry
Waymo operates around 1,500 vehicles and offers robotaxi services in San Francisco, Los Angeles, Phoenix, Austin, Atlanta, and other Bay Area locations
Jul 16, 2025
World Business NewsCanada’s inflation rises to 1.9% in June, up from 1.7% in May
One of the core measures of inflation, the CPI-median, which tracks the middle of the price distribution, rises slightly to 3.1% in June from 3% in May
Jul 16, 2025
AutomobileUber and Baidu partner to launch robotaxis outside U.S. and China
Baidu currently operates a fleet of more than 1,000 autonomous vehicles and has completed over 11 million rides in cities including Dubai and Abu Dhabi
Jul 16, 2025
HeadlinesSindh PAC orders blacklisting of eight NGOs over funding audit failure
Public Accounts Committee directs Social Welfare Department to cancel registration of NGOs failing to provide financial records, and launches probe into SRSO’s micro-loan interest charges
Jul 16, 2025
TechGoogle signs record $3 billion hydropower deal for clean energy
The deal includes 20-year power purchase agreements worth $3 billion from two hydropower plants in Pennsylvania
Jul 16, 2025
World Business NewsWetlands vanish at fastest rate, risking $39 trillion loss by 2050, report says
Since 1970, 22% of wetlands including rivers, lakes, mangroves and coral reefs have vanished, totaling around 411 million hectares
Jul 16, 2025
HeadlinesADB recommends 5% GST on digital transactions to bridge Pakistan's digital divide
Report reveals women in Pakistan are 35% less likely to own a mobile phone and 38% less likely to use internet than men
Jul 16, 2025