Business

The U.S. Senate has advanced the “One Big Beautiful Bill,” a comprehensive Republican-led budget and tax package endorsed by President Donald Trump. The bill aims to make permanent the 2017 tax cuts, introduce new tax benefits, and implement significant reductions in federal spending. While proponents argue it will stimulate economic growth and reduce the deficit, critics warn of adverse effects …

Meta Platforms is facing renewed regulatory scrutiny from the European Commission over its advertising practices. The Commission issued a warning on Friday, stating the company may incur daily financial penalties if it does not bring its ad-based business model in line with the Digital Markets Act (DMA), a sweeping regulation aimed at curbing anti-competitive behavior by large technology firms. This …

Former President Donald Trump has indicated plans to reveal his choice for the next Federal Reserve chair well in advance of the end of Jerome Powell’s term, which does not expire until May 2026. This early announcement would break with longstanding norms and could mark the first time in the Federal Reserve’s 111-year history that a successor is named so …

  One of the world’s most pivotal maritime chokepoints— the Strait of Hormuz—– has once again emerged as a strategic flashpoint amid escalating military tensions in the Middle East. Iran’s parliament has endorsed a motion to close the strait in direct response to recent U.S. airstrikes on its nuclear and military installations. While formal closure must still receive approval from …

The United States carried out airstrikes against Iran’s nuclear infrastructure on June 22, marking a significant escalation in a tense, 10-day conflict that began with Israeli strikes on Iranian sites. American forces targeted uranium enrichment facilities at Fordow, Natanz, and Esfahan using advanced weaponry designed to penetrate deeply buried structures, signaling a shift from indirect involvement to direct intervention. The …

Apple has significantly deepened its reliance on India, transforming the country into a key operational hub not just for manufacturing but for safeguarding access to the U.S. market amid rising geopolitical friction. Recent data shows a sharp increase in iPhone shipments from India to the United States, highlighting a major shift in the tech giant’s global logistics and trade priorities. …

U.S. President Donald Trump has signed an executive order doubling existing import tariffs on steel and aluminium products from 25 percent to 50 percent. The measure, which takes effect on June 5, intensifies a series of ongoing trade disputes and places new pressure on global supply chains and diplomatic relations. The revised tariffs, enacted under national security provisions in Section …

In a move marking a significant shift in regulatory policy under President Donald Trump’s second term, the U.S. Securities and Exchange Commission (SEC) has formally ended its civil enforcement action against Binance, the world’s largest cryptocurrency exchange. The case dismissal was made official through a joint filing in a federal court in Washington, D.C., on May 29, according to court …