World Business NewsOil prices rise amid Iran-Israel tensions but infrastructure stays intact
Brent crude rises $1.49, or 2.03%, to $74.72 a barrel, while U.S. West Texas Intermediate crude climbs $1.28, or 1.78%, to $73.05.
Jun 17, 2025
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World Business News
World Business NewsDollar dips slightly as yen firms after BOJ policy decision
Dollar is down about 0.1% at 144.65 yen
Jun 17, 2025
World Business NewsGlobal oil demand to peak by 2029 as China hits 2027 high
International Energy Agency cites lower gasoline prices and slower EV adoption in the US as factors supporting demand growth
Jun 17, 2025
HeadlinesIT exports decline 1% YoY in May despite 19% growth Over 11 months
First yearly drop in 19 months; cumulative exports hit $3.5bn amid global outreach and regulatory facilitation
Jun 17, 2025
World Business News76% of central banks plan to raise gold and cut dollar reserves, Survey shows
A record 95% of respondents believe global central bank gold holdings will increase in the next 12 months
Jun 17, 2025
HeadlinesPM orders Reko Diq-rail link by 2028 to support mining operations
Shehbaz directs inter-ministerial body to propose financing plan for Pakistan Railways upgrade
Jun 17, 2025
World Business NewsUS Senate Republicans revise Trump tax bill with permanent business tax breaks
Senate Republicans want to keep the current $10,000 cap on state and local tax deductions, down from the $40,000 cap in the House version
Jun 17, 2025
AutomobileChinese automakers take lead in global zero-emission vehicle market, says report
ICCT report says China leads as electric vehicle sales exceed 11 million units a year, over half of global EV sales
Jun 17, 2025
World Business NewsEcuador reopens mining registry after seven-year suspension
The previous registry was closed in 2018 due to concerns over irregularities in the concession system
Jun 17, 2025
TechOpenAI secures $200 million deal with U.S. Defence Department
Pentagon says the company will create prototype frontier AI systems for use in both military operations and administrative functions
Jun 17, 2025
World Business NewsMoneyGram settles New York remittance case with $250,000 payment
New York Attorney General says MoneyGram delayed transfers, failed to inform senders, and mishandled complaints
Jun 17, 2025
World Business NewsEU rejects reports of accepting broad 10% U.S. tariff
The Commission says negotiations with the United States are still ongoing and no agreement has been reached
Jun 17, 2025