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June 26, 2025

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Business

Microsoft planning thousands of job cuts: Bloomberg
Microsoft planning thousands of job cuts: Bloomberg

The latest layoffs follow Microsoft's previous round of job cuts in May, which affected about 6,000 employees

Asian stocks slip, gold gains
Asian stocks slip, gold gains

Investors remain on edge over US entry into the Israel-Iran war

Trump to extend TikTok sale deadline again: White House
Trump to extend TikTok sale deadline again: White House

Trump had already twice granted a reprieve from enforcement of a congressionally mandated ban on TikTok that was supposed to take effect in January

EU not offering fair trade deal, Japan being ‘tough’: Trump
EU not offering fair trade deal, Japan being ‘tough’: Trump

Trump tells reporters aboard Air Force One that the EU would need to offer Washington "a good deal" or face higher tariffs

Stocks slip, oil jumps as Trump calls for Tehran evacuation
Stocks slip, oil jumps as Trump calls for Tehran evacuation

Markets are on edge after a separate report said that Trump had asked for the national security council to be prepared in the situation room as he cut short his visit to the G7 summit

Dollar inches up, markets on edge over Middle East conflict
Dollar inches up, markets on edge over Middle East conflict

The prospect that Tehran might choke off the Strait of Hormuz - the world’s most important gateway for oil shipping - raised broader economic concerns

Nearly 1 in every 4 loans now defaulted in Bangladesh
Nearly 1 in every 4 loans now defaulted in Bangladesh

Central bank cites five major factors behind the surge as NPLs exceed Tk 4tn for first time

Trump approves Nippon Steel's $14.9bn purchase of US Steel
Trump approves Nippon Steel's $14.9bn purchase of US Steel

Trump signs an executive order saying the tie-up could move forward if the companies reach an agreement with the Treasury Department resolving national security concerns

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