The U.S. Bankruptcy Court for the District of Delaware has issued an order holding Byju’s founder, Byju Raveendran, in civil contempt for failing to comply with earlier court orders related to limited expedited discovery, The Economic Times reported. “This court has personal jurisdiction over Raveendran,” it said in an order on Monday. The court has further directed Raveendran to comply with the discovery orders. “Raveendran shall remit to the clerk of court the sum of $10,000 for each day he remains in contempt of the orders,” it said.

Thai Airways International could exercise an existing option to buy more planes from U.S. planemaker Boeing as part of Thailand's tariff negotiations with the United States, CEO Chai Eamsiri told a Reuters NEXT Asia summit on Wednesday, Reuters reported. The flag carrier in February last year said it had ordered 45 Boeing 787-9 wide-body jets with options for a further 35. Thailand has submitted a new trade proposal to the U.S. in a bid to avoid steep tariff hikes on its own products.

Australia is “urgently seeking” more detail on President Donald Trump’s threat to impose 200% tariffs on pharmaceutical imports to the U.S., Treasurer Jim Chalmers said, Bloomberg reported. “These are obviously very concerning developments,” Chalmers told Australian Broadcasting Corp. radio in an interview on Wednesday. “Our pharmaceutical industry is much more exposed to the US market. And that’s why we’re seeking – urgently seeking – some more detail on what’s been announced.” The U.S.

GAC Fiat Chrysler Automobiles, a joint venture between Stellantis and China's Guangzhou Automobile Group said on Tuesday it has been declared bankrupt, Reuters reported. The joint venture posted images of a ruling issued by a court in China's Hunan province declaring the bankruptcy, alongside its announcement, in a social media post. Read more.

Australia's central bank on Tuesday left its cash rate steady at 3.85%, a shock for markets that had confidently wagered on a cut, saying the majority of the board wanted to wait for more information to confirm inflation was slowing, Reuters reported. Traders were quick to send the Australian dollar racing up 0.8% to $0.6543, while three-year bond futures extended earlier losses and fell 10 ticks to 96.60. The swift moves in markets imply around an 88% chance the cash rate would be cut to 3.60% at its Aug. 12 meeting, and now favours rates bottoming at 3.10% rather than 2.85%.

The number of corporate bankruptcies in Japan in the first half of 2025 rose to the highest level in 11 years, with those hurt by a labor shortage showing a notable increase, a survey by a credit research company showed Tuesday, Japan Today reported. The failures involving debts of at least 10 million yen were up 1.2 percent from the same period a year earlier, rising for the fourth consecutive year and reaching their highest level since 2014, according to Tokyo Shoko Research.

Chinese businesses and investors are primed for the yuan to stay steady for now and eventually depreciate as U.S. trade tensions drag on, and a string of measures and hints from monetary authorities suggest they may be on the money, Reuters reported. A growing pile of foreign exchange deposits at banks and a rise in currency swaps show Chinese corporates and households are wagering they can exchange their dollars for more yuan if they wait. That conviction, in the face of the U.S.

The Trump administration said on Tuesday that it would seek to limit Chinese and foreign purchases of American farmland, citing a threat to national security, the New York Times reported. In a seven-point national security plan, the Agriculture Department said it would enhance public disclosures of foreign ownership of farmland, enact steeper penalties for false filings and work with Congress and states to ban purchases from foreign adversaries.

Sentiment in Japan's service sector improved slightly in June, a government survey showed on Tuesday, as solid demand for summer clothing and leisure offset the gloom from U.S. tariffs, Reuters reported. But corporate bankruptcy cases in the first half of this year rose 2.4% from a year earlier to hit a 12-year high of 5,003, a survey by private think tank Teikoku Databank showed, as rising raw material and labour costs hit margins. The batch of data highlight the fragile nature of Japan's economy, which is expected to see the strain from U.S.

Chinese government advisers are stepping up calls to make the household sector's contribution to broader economic growth a top priority at Beijing's upcoming five-year policy plan, as trade tensions and deflation threaten the outlook, Reuters reported. Leaders are gathering proposals for their 15th five-year plan, a voluminous document that lays out priorities up to 2030. The plan is expected to be endorsed at a December Communist Party conference and approved by parliament in March.