World Business NewsOver 1,000 Americans become millionaires each day in 2024
Private wealth increases by 4.6% worldwide, while in the Americas it rises over 11%, supported by a stable dollar and strong financial markets
Jun 18, 2025
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World Business News
World Business NewsJapan's exports fall for the first time in eight months
Exports to U.S. decline 11.1%, biggest fall since 2021, led by a 24.7% drop in automobile exports and a 19% fall in auto parts
Jun 18, 2025
HeadlinesPM claims IMF agreed to exempt agriculture sector from tax
Contradicts budget speech on salaried tax rates; defence spending and PSDP allocations reaffirmed
Jun 18, 2025
World Business NewsChina pushes for multi-currency global monetary system
People's Bank of China Governor says several major currencies could dominate different regions, reducing the world’s reliance on dollar
Jun 18, 2025
World Business NewsChinese bitcoin mining rig makers shift production to U.S. to avoid tariffs
Bitmain, Canaan, and MicroBT produce more than 90% of the world's bitcoin mining machines
Jun 18, 2025
World Business NewsJapanese PM Ishiba’s trade appeal to Trump falls short at G7
Despite a brief conversation between the two leaders, Japan remains on course to face additional 24% tariffs set to take effect on July 9
Jun 18, 2025
World Business NewsMalaysia leads Asian markets in foreign bond inflows
Data from regional authorities shows $34 billion flowed into Asian debt in the first five months of the year, the highest since at least 2016
Jun 18, 2025
TechMeta offers $100 million bonuses to recruit OpenAI talent, says Altman
OpenAI CEO says that none of the company’s top employees had accepted the offers so far.
Jun 18, 2025
World Business NewsUS Senate passes stablecoin bill, heads to House of Representatives for approval
If signed into law, the bill would require stablecoins to be backed by liquid assets such as U.S. dollars or short-term Treasury bills
Jun 18, 2025
TechTrump to extend TikTok’s June 19 divestment deadline for the third time
White House press secretary says Trump wants to keep the app running and will work to complete the sale within the new timeline
Jun 18, 2025
HeadlinesFBR's proposed tax measures to generate Rs65 billion from e-commerce
FBR proposes increasing advance tax on offshore digital services from 10% to 15%, targeting global giants like Google and YouTube to boost revenue and encourage local operations
Jun 18, 2025
World Business NewsTrump calls EU trade offer unfair, says Japan is tough in talks
Trump says the EU must offer a good deal or pay U.S.-set tariffs, and warns Japan could receive a letter detailing its own if talks fail
Jun 18, 2025