PM Narendra Modi transferred Rs 2,400 crore to beneficiaries under the Prime Minister Viksit Bharat Rozgar Yojana (PM-VBRY), aiming to create 15 lakh employment opportunities. He highlighted the role of trade agreements in opening new markets and emphasized quality in products and services for international competitiveness.
California Democrats have passed a new sales tax on digital software downloads, set to take effect next year. Governor Gavin Newsom is expected to sign the measure, projected to generate $900 million annually. The tax aims for parity between physical and online software sales.
Reliance Industries chairman Mukesh Ambani announced Jio Platforms' board has approved its IPO draft red herring prospectus (DRHP), to be filed with SEBI. Expected to be India's largest public issue, it aims to value Jio Platforms between ₹8-10 lakh crore.
Reliance Industries chairman Mukesh Ambani announced Jio Platforms' IPO at the 49th AGM, with the DRHP to be filed with SEBI. The offering aims to be India's largest public issue, potentially surpassing Rs 30,000 crore.
Senator Pauline Hanson claimed Australian businesses are "tied" to lazy workers they "can't sack." Employment law experts and small business advocates debated this, with some agreeing the system favors employees and others stating clear processes allow dismissals.
UK job vacancies dropped to 707,000, the lowest in five years, as businesses reduced hiring. Unemployment eased slightly to 4.9%, but employment also fell, particularly in retail and hospitality, reflecting employer caution due to Middle East instability.
Australia's Prime Minister Anthony Albanese has announced expanded capital gains tax (CGT) exemptions for small businesses, including startups and testamentary trusts. The government increased the turnover threshold to $10 million, making the exemption "substantially broader and significantly more generous" in response to industry criticism.
Chinese official Xie advocated for a significant expansion of the tariff-free trade list with the US, suggesting it be doubled to $60 billion or even raised to $300 billion, arguing the current exemption list is insufficient given the scale of bilateral trade.
Tokyo's 'Cool Biz' campaign, allowing male employees to wear shorts in the office, has faced swift backlash. The initiative aims to improve comfort and reduce electricity use amid rising fuel prices.
Tokyo's 'Cool Biz' campaign, allowing male employees to wear shorts in the office, aims to improve comfort and reduce electricity use. The initiative, championed by Governor Koike, has faced swift criticism.
Australia will provide "generous" capital gains tax exemptions for nearly all small businesses, with exemptions for startups and testamentary trusts. The annual turnover threshold for concessions will rise to $10m, benefiting 98% of businesses.
Australia's federal government will introduce a capital gains tax discount for startup founders, employees, and early investors, responding to backlash over proposed tax reforms. The measure aims to encourage innovation and support the startup sector.
Australia's Labor government will offer an extra capital gains tax discount to founders, employees, and early investors in startups. The government is also expanding the 50% active asset discount for small businesses to those with up to $10 million in annual turnover and exempting testamentary trusts from a new 30% tax.
India and the UK will implement their free trade agreement on July 15, enabling tariff reductions and enhanced economic cooperation. The pact, signed last year, is expected to boost bilateral trade by £25.5 billion annually and includes significant tariff cuts on products like whisky, automobiles, and cosmetics.
The UK's Competition and Markets Authority (CMA) has mandated Google to enhance transparency in its search rankings, requiring objective criteria, clearer complaint processes, and data portability for users. These measures aim to address Google's market dominance and benefit UK businesses and consumers.
Alibaba Cloud has launched its first data centers in France, expanding its European presence to meet growing demand and support data sovereignty initiatives. This move positions the company to offer AI services across the region.
Russian Prime Minister Mikhail Mishustin stated that Russian businesses are present throughout Uzbekistan, contributing to job creation and increased production of sought-after goods. He highlighted a joint Investment Platform supporting business initiatives, including a pilot project for a soft drink and food product plant.
One Nation's "treasury spokesman" Barnaby Joyce stated the party is willing to cut worker entitlements, including protections from termination and paid parental leave, to support struggling small businesses facing inflation and high power prices. Senator Pauline Hanson suggested rebalancing workplace laws in favor of businesses, citing issues with worker productivity.
Escalating Middle East conflict renews focus on energy security and logistics, accelerating global transition to renewables as nations diversify from fossil fuels and chokepoint reliance.
Amazon invested over €40 billion in the EU in 2025, supporting over 1 million jobs and empowering European small businesses. The company highlights its AI innovations for personalization and efficiency, and its efforts to combat counterfeiting, fake reviews, and scams, while advocating for regulatory coherence and smart enforcement.
Hancock Iron Ore, owned by Gina Rinehart, has confirmed job cuts at its Pilbara operations following a merger of its Roy Hill and Atlas Iron businesses. While the exact number is undisclosed, reports suggest hundreds of positions may be affected.
Michael Burry, known for "The Big Short," revealed he has no position in SpaceX, citing expensive bearish options. He questioned the company's nearly $3 trillion valuation, calling it a "small space company" with less than $20 billion in revenue, and noted it now surpasses Berkshire Hathaway's market value.
Regional businesses are urging the federal government to extend fuel relief measures, stating the economic damage from the fuel shock is ongoing. Measures like halving fuel excise are set to end June 30, with businesses fearing a return to high prices will lead to further closures.
A new program at the Hong Kong AI Foundation trains senior executives to lead AI-native business transformations, focusing on strategic integration rather than add-ons. It addresses technical, organizational, and leadership challenges, preparing leaders for a future of human-AI collaboration and agility.
