Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
US Appeals Court Limits ICE Detention Without Bond Hearings After 90 Days 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Amy Coney Barrett Faces Conservative Backlash After Key Supreme Court Rulings Against Trump 
Wolfspeed Sues Navitas Over GaN and SiC Patent Infringement 
BOJ May Raise Japan Growth Forecast While Keeping Focus on Inflation Risks 
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage 
ICC Says Darfur War Crimes Probe Reaches Breakthrough in Sudan Investigation 
Sara Duterte Impeachment Trial Opens, Putting 2028 Philippine Election in Focus 
DOJ Subpoenas New York Times Journalists Over Air Force One Leak Report 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
South Korean chipmakers Samsung Electronics Co. and SK hynix Inc. may have to pay global minimum corporate tax of at least 15 percent to foreign countries where they earn profits under a new global taxation scheme.
Around 130 countries agreed on a two-pillar deal to impose a global minimum corporate tax of at least 15 percent and to share corporate taxes imposed on the profits of multinational companies.
Under the deal, multinational firms with yearly consolidated revenues reaching US$23.7 billion and profit margin hitting 10 percent would have to pay corporate taxes to the markets where they earned profits.
The deal seeks to prevent multinational companies from dodging taxes, according to the Organization for Economic Cooperation and Development (OECD).
Multinational firms have been transferring their profits to countries or territories with low corporate tax rates.
Last year, Samsung Electronics recorded revenue of $208 billion, up 2.78 percent from 2019.
Meanwhile, SK hynix recorded sales of 31.9 trillion won last year, but its profit margin would determine if it would be excluded from among multinational firms subject to taxation.
The tax reform deal has not been finalized due to opposition from some countries.
The deal could take effect in 2023 if approved at the G-20 summit in October.
