World Business NewsTrump signs sweeping ‘One Big Beautiful Bill Act’ into law on July 4, enacting massive tax and spending cuts amid fierce partisan divide
With military flyovers and cheering crowds, president touts permanent 2017 tax cuts, historic border security funding, and spending reductions as Democrats warn of deep healthcare losses and a $3 trillion debt surge
Jul 5, 2025
World Business NewsOPEC+ to raise oil output by 548,000 bpd in August as group accelerates production rebound amid market pressure
Boost comes as group unwinds 2022 cuts, driven by demand for market share and U.S. pressure to tame fuel prices; total of 1.918 million bpd restored since April with just 280,000 bpd left to release
Jul 5, 2025
World Business NewsNeta’s struggle in Thailand highlights pressure on smaller Chinese EV firms as BYD dominates and incentives tighten
Sales slump, missed production targets, and unpaid debts plague Neta amid hyper-competitive EV market; Thai policymakers under pressure as industry adjusts to overcapacity, price wars, and shifting timelines
Jul 5, 2025
World Business NewsVietnam's Q2 GDP accelerates to 7.96% as exports surge; US trade deal eases tariff concerns
Growth driven by 18% export jump and strong industrial output follows trade breakthrough with US; revised 20% tariff lower than earlier threats, boosting investor confidence and shifting focus to higher-value manufacturing
Jul 5, 2025
World Business NewsTrump says tariff letters to 12 countries signed, with the "take it or leave it" offers
Talks with EU, India have not resulted in agreements thus far; Only Britain, Vietnam reached trade deals
Jul 5, 2025
World Business NewsOPEC+ may approve larger oil output hike for August at key policy meeting
After three consecutive 411,000 bpd increases, alliance weighs steeper boost as members aim to reclaim market share amid oversupply risks
Jul 5, 2025
World Business NewsIndia to launch $234 million drone incentive scheme amid arms race with Pakistan
New Delhi aims to localize drone manufacturing by 2028, countering Chinese- and Turkish-backed advances in Pakistan
Jul 5, 2025
World Business NewsIndonesia offers near-zero tariffs and $500 million wheat deal in bid to ease U.S. trade tensions
Jakarta seeks preferential treatment for key exports, plans Boeing aircraft purchase as part of $34 billion partnership pact
Jul 5, 2025
World Business NewsTesla’s UK sales rise in June as EV market gains traction despite year-to-date dip
Battery EV registrations surge 39% year-on-year; Tesla delivers updated Model Y while BYD and Ford post sharper growth
Jul 5, 2025
World Business NewsChina’s EV shakeout: Only 15 brands likely to survive by 2030, says AlixPartners
Consultancy predicts massive consolidation as fierce competition, overcapacity, and price wars squeeze profitability in world’s largest EV market
Jul 3, 2025
World Business NewsGulf markets rally as non-oil growth, US-Vietnam tariff deal lift investor sentiment
Saudi and UAE stocks surge to multi-month highs amid easing tariff fears and strong private sector expansion
Jul 3, 2025
World Business NewsMercosur and EFTA conclude free trade talks, paving way for $4.3 trillion trade zone
Deal promises over 97% export access across both blocs, covering nearly 300 million people; final signing expected by late 2025
Jul 2, 2025