World Business NewsJapanese government bond yields hit record highs amid demand concerns
The 20-year bond yield rises to 2.555%, the 30-year to 3.14%, and the 40-year to 3.6%, all hitting record highs
May 20, 2025
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World Business News
World Business NewsDollar under pressure as U.S.-Japan talks target currency volatility
U.S. dollar index drops 10.6% from January highs, one of the steepest three-month declines in recent years
May 20, 2025
TechMicrosoft adds AI rivals xAI, Meta to Azure model lineup
xAI’s Grok 3, Meta’s Llama, and others will be available on Azure with the same guarantees as OpenAI’s tools, says CEO Nadella
May 20, 2025
World Business NewsOil prices steady amid uncertainty over U.S.-Iran talks
Brent crude futures slip 0.4 percent to $65.28 a barrel, while U.S. West Texas Intermediate for June drops 0.3 percent to $64.60
May 20, 2025
HeadlinesPM forms high-level committee to oversee national fiscal pact implementation
Committee formed to drive fiscal pact amid IMF deal, provincial pushback
May 20, 2025
HeadlinesAirSial launches direct flights to Dubai from Islamabad and Lahore starting June 2
Private carrier expands international footprint with support from Defence Minister Khawaja Asif
May 20, 2025
EconomyIMF acknowledges Pakistan’s progress on reforms, Recommends further action under climate resilience facility
Pakistan meets all December performance criteria under EFF; Fund proposes $1bn support through RSF to bolster climate readiness
May 20, 2025
HeadlinesGovt to launch tariff cut plan in budget 2025-26 under new five-year policy
National Tariff Policy 2025–30 aims to cap duties at 15%, phase out additional and regulatory levies, and promote export-led growth
May 20, 2025
AutomobileHonda shifts focus to hybrids, scales back EV spending
CEO Toshihiro Mibe says the company cut electrification and software spending to 7 trillion yen from 10 trillion yen through 2030
May 20, 2025
TechApple supplier Foxconn commits $1.5 billion to Tamil Nadu unit
The investment supports Apple’s plan to boost manufacturing in India amid U.S. tariffs on China that disrupt supply chains and raise iPhone costs
May 20, 2025
World Business NewsAustralia cuts interest rate to 3.85% amid cooling inflation
Australia's central bank says the risks of rising inflation had eased and international developments were likely to weigh on the economy
May 20, 2025
World Business NewsChina cuts key lending rates to boost slowing economy
People’s Bank of China lowered the one-year loan prime rate by 10 basis points to 3.0% and the five-year rate to 3.5%
May 20, 2025