Byju's founders Byju Raveendran and Divya Gokulnath are preparing a $2.5 billion lawsuit in India and overseas as the edtech giant battles insolvency proceedings and a legal dispute with Glas Trust, trustee for Term Loan B lenders, the Times of India reported. According to their legal counsel, the planned legal action will be pursued both in India and internationally, targeting those who have allegedly harmed their reputation and business interests, including their edtech company Think & Learn.

Australian employment rose only marginally in June as the jobless rate jumped to the highest since late 2021, showing perhaps the first crack in what had been an unusually resilient labour market and adding to the case for a rate cut next month. Investors sent the Australian dollar down 0.7% to $0.6480, the lowest in over three weeks. Three-year government bond yields slid 10 basis points to 3.386% as markets ramped up bets for an August rate cut to 85% from 76% previously.

The U.S. Commerce Department imposed preliminary anti-dumping duties of 93.5% on Chinese imports of graphite, a key battery component, after concluding the materials had been unfairly subsidized, Bloomberg News reported. A trade association representing US graphite producers in December filed petitions with two federal agencies, asking for investigations into whether Chinese companies were violating anti-dumping laws. The new duties will add to existing rates making the effective tariff 160%, according to American Active Anode Material Producers, the trade group that filed the complaint.

China’s government is threatening to block a deal that would transfer ownership of dozens of seaports to Western investors if Cosco, China’s largest shipping company, doesn’t get a stake, the Wall Street Journal reported. The proposed sale includes two ports at the Panama Canal and more than 40 others around the world, all owned by Hong Kong-based CK Hutchison. China is pushing for state-owned Cosco to be an equal partner and shareholder of the ports with BlackRock and Mediterranean Shipping Co., a containership operator.

Japan’s exports fell for a second straight month in June, fueling fears that U.S. tariffs will halt the nation’s economic recovery and complicate the central bank’s policy plans, the Wall Street Journal reported. Exports fell 0.5% compared with the same period a year earlier, according to the Ministry of Finance on Thursday. That was an improvement from May’s 1.7% drop but well short of an LSEG-compiled forecast for a 0.5% increase. Japan’s shipments to the U.S. slid 11.4% from a year earlier in June, highlighting the impact of higher tariffs.

Indonesia’s central bank resumed its interest rate-cutting cycle, as cooling inflation provides ample room to support the economy, the Wall Street Journal reported. Bank Indonesia’s decision to cut its benchmark seven-day reverse repo rate by 25 basis points to 5.25% comes amid news of a trade deal with the U.S. that could ease the tariff overhang on the economy. Wednesday’s decision had been expected to be a close one, with domestic conditions and rupiah stability conducive to a cut but external uncertainties backing the case for caution.

President Donald Trump said on Wednesday the U.S. will probably "live by the letter" on tariffs with Japan and may have another trade deal coming up with India, following his announcement of an accord with Indonesia on Tuesday, Reuters reported. "We have some pretty good deals to announce," Trump told reporters at the start of a meeting with Bahrain's Crown Prince Salman bin Hamad Al Khalifa at the White House. He said he would also discuss trade issues with the Bahraini leader.

Indonesia’s president, Prabowo Subianto, confirmed on Wednesday the broad outlines of a trade agreement with the United States that was reached after what he called “tough negotiations” with Washington, the New York Times reported. Under the terms, which President Trump on Tuesday called a “great deal for everybody,” U.S. exports to Indonesia would face no tariffs, while Indonesian goods would be charged a tariff of 19 percent in the United States. Mr. Prabowo confirmed in brief remarks in Jakarta that the two nations had “finally” reached an agreement.

China’s economy showed resilience in a turbulent first half of the year, remaining on track to hit its official growth target for the year despite President Trump’s shifting tariff assault, the Wall Street Journal reported. China said that its gross domestic product expanded 5.2% in the second quarter of 2025 compared with a year earlier, slowing a touch from the 5.4% pace set in the first three months of the year and coming in line with economists’ expectations.