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July 01, 2026

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Business

Microsoft to cut under 2.5% of workforce: report
Microsoft to cut under 2.5% of workforce: report

US companies have continued to trim headcount in recent months, with a fresh wave of layoffs across the technology, media and finance sectors

Rates unchanged in ‘contractionary’ monetary policy
Rates unchanged in ‘contractionary’ monetary policy

Private sector credit growth target cut to 6.8 percent by December

S Korea to unveil massive AI, chip investment drive
S Korea to unveil massive AI, chip investment drive

It is the boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow regional disparities and revive economies outside Seoul

Apex Spinning resumes operations after worker unrest
Apex Spinning resumes operations after worker unrest

"The board of directors has been able to reach a compromise with the protesters,” a company official says

Govt ‘fast-tracking reforms’ to boost investment: minister
Govt ‘fast-tracking reforms’ to boost investment: minister

"Since taking office, the current government has been working to make Bangladesh an attractive global investment destination,” he says

Bangladeshi investment office in China soon: PM
Bangladeshi investment office in China soon: PM

He promises a more “investor-friendly” environment for Chinese firms

Asian stocks wobble after tech-led selloff
Asian stocks wobble after tech-led selloff

"Price action in markets over the last seven trading days has been alarming, not just when it falls, but also when it rises," one analyst says

Income tax ‘hike’ trumps incentives for exporters
Income tax ‘hike’ trumps incentives for exporters

Exporters say they will have to pay a 27.5 percent tax on their export earnings, which far outstrips any benefits from new incentives

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