Indonesia plans new rule to collect tax from online sellers
The Finance Ministry believes this will help improve compliance and ensure taxes reflect business size
India begins black box analysis after Air India crash
Investigators begin extracting data to understand the events that lead to the crash and identify any contributing factors
Malaysia’s Producer Price Index falls 3.6 percent in May 2025
The index, which measures prices at the producer level, shows declines across all major sectors except agriculture, forestry, and fishing
Chinese automakers expand into Africa amid US and EU trade limits
Nearly half of the 14 Chinese car brands now active in South Africa entered the market last year, and more are expected to follow
Australia sues Chinese-linked firm over rare earths investment
The case is the first of its kind brought by a Treasurer before the Federal Court under Australia’s foreign investment rules
Crypto gains foothold in Bolivia as small businesses seek currency alternatives
Bolivians are facing a rising economic crisis, with dollars reserves near zero, inflation at 40-year highs and shortage of fuel
EU leaders to decide on quick U.S. trade deal or push for better terms
EU leaders are meeting in Brussels just under two weeks before the July 9 deadline set by U.S. President Donald Trump
U.S. regulator directs mortgage giants to draft crypto asset rules
The change would allow banks to factor in verified crypto holdings when deciding if a mortgage qualifies for purchase by Fannie or Freddie
Japan leads Asia’s mergers and acquisitions rebound with $232 billion in deals
The total value of M&A activity in Asia reaches $650 billion during the same period, more than double compared to a year ago
Trump-backed crypto firm to release stablecoin audit soon
A new app would be introduced by the company to help make cryptocurrency easier for everyday investors to use
Dutch consumer groups plan legal action against Booking.com over hotel prices
They claim Dutch consumers have suffered hundreds of millions of euros in financial harm due to the company’s pricing practices
Meta wins case over AI training using copyrighted books
U.S. District Judge says authors did not provide enough evidence to show that Meta's use of their work harmed the market for their books
Microsoft sued by authors over AI training using pirated books
The authors are seeking a court order to stop the alleged infringement and damages of up to $150,000 for each work
U.S. clears Mars deal with Pringle maker Kellanova, EU launches full investigation
European Commission says the acquisition could raise Mars' power over retailers and lead to higher prices for consumers
Gulf markets extend gains as Israel-Iran ceasefire calms investor nerves
Regional indices rise amid easing tensions, Fed rate cut hopes, and signs of oil demand recovery