Economy – A Roundup of Significant Articles on ForeignAffairs.co.nz for July 31, 2025

Economy: Here is a summary of significant articles published on ForeignAffairs.co.nz on July 31, 2025.

MIL-OSI USA: 07.30.2025

Sens. Cruz, Cortez Masto Lead Bipartisan FULL HOUSE Act
US Senate News: Source: United States Senator for Texas Ted Cruz WASHINGTON, D.C. – U.S. Sens. Ted Cruz (R-Texas), Catherine Cortez Masto (D-Nev.), Bill Hagerty (R-Tenn.), and Jacky Rosen (D-Nev.) introduced the Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act. This bipartisan bill restores professional gamblers ability to deduct 100% […]

MIL-OSI USA: 07.30.2025

Sens. Cruz, Cortez Masto Lead Bipartisan FULL HOUSE Act
US Senate News: Source: United States Senator for Texas Ted Cruz WASHINGTON, D.C. – U.S. Sens. Ted Cruz (R-Texas), Catherine Cortez Masto (D-Nev.), Bill Hagerty (R-Tenn.), and Jacky Rosen (D-Nev.) introduced the Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act. This bipartisan bill restores professional gamblers ability to deduct 100% […]

MIL-OSI Australia: Interview with Natalie Barr and Matt Shirvington, Sunrise, Channel 7
Source: Australian Parliamentary Secretary to the Minister for Industry Natalie Barr: For more, we’re joined by Treasurer Jim Chalmers. Good morning to you. Jim Chalmers: Morning, Nat. Barr: So, when the godfather of AI begins to regret his contribution to the invention, should we be concerned? Chalmers: I think there’s a whole range of views […]

MIL-OSI Australia: Interview with James Glenday and Emma Rebellato, News Breakfast, ABC
Source: Australian Parliamentary Secretary to the Minister for Industry James Glenday: Welcome back to the show. On this Thursday morning, you’re watching News Breakfast. It is always lovely to have your company. Emma Rebellato: We’ll get an update on the latest with the global tsunami alerts in just a moment. But first, borrowers will be […]

MIL-OSI USA: Capito: The OBBB Delivers Tax Relief for West Virginians
US Senate News: Source: United States Senator for West Virginia Shelley Moore Capito WASHINGTON, D.C. – The One Big Beautiful Bill prevents what could have been the largest tax increase in history for working- and middle-class Americans. By permanently extending and expanding on the successful Tax Cuts and Jobs Act (TCJA), passed during President Trump’s […]

MIL-OSI USA: Chairman Capito Delivers Floor Speech on Need for Bipartisan Permitting Reform Legislation
US Senate News: Source: United States Senator for West Virginia Shelley Moore Capito [embedded content] To watch Chairman Capito’s floor remarks, click here or the image above. WASHINGTON, D.C. – Today, U.S. Senator Shelley Moore Capito (R-W.Va.), Chairman of the Senate Environment and Public Works (EPW) Committee, delivered remarks on Senate Floor outlining the need for […]

MIL-OSI USA: TOMORROW: Governor Newsom to announce major addition to state’s firefighting capabilities
Source: US State of California Governor Jul 30, 2025 SACRAMENTO COUNTY — Governor Gavin Newsom will join CAL FIRE at a press conference tomorrow to announce the latest additions to the world’s largest aerial firefighting fleet. WHEN: Thursday, July 31 at approximately 1 p.m. LIVESTREAM: Governor’s Twitter page, Governor’s Facebook page, and the Governor’s YouTube […]

MIL-OSI USA: Boozman, Cotton Back Effort to Establish Drone Production Facility at Red River Army Depot
US Senate News: Source: United States Senator for Arkansas – John Boozman WASHINGTON—U.S. Senators John Boozman (R-AR) and Tom Cotton (R-AR) joined Senators Ted Cruz (R-TX) and John Cornyn (R-TX) to introduce the SkyFoundry Act of 2025, legislation to establish a Department of Defense drone production facility at the Red River Army Depot to develop, produce and field drones for the Department of […]

MIL-OSI USA: Governor Newsom strengthens local control in Los Angeles burn scar areas
Source: US State of California Governor Jul 30, 2025 What you need to know: In response to concerns from local elected leaders and community members about the potential for widespread SB 9 development concentrated in areas rebuilding from destructive fires and crowding evacuation routes, the Governor today issued an executive order that will give local […]

MIL-OSI USA: Senator Marshall: The USDA is Coming to Kansas City
US Senate News: Source: United States Senator for Kansas Roger Marshall Senator Marshall Questions Deputy Secretary of Agriculture About the USDA Reorganization Washington – On Wednesday, U.S. Senator Roger Marshall, M.D. (R-Kansas), questioned Deputy Secretary of Agriculture,The Honorable Stephen Alexander Vaden, during a recent Senate Committee on Agriculture, Nutrition, and Forestry hearing focused on the […]

MIL-OSI New Zealand: Economy – RBNZ launches new indicators to track financial inclusion
Source: Reserve Bank of New Zealand 31 July 2025 – The Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) has created a series of financial inclusion indicators, designed to improve understanding of how well the financial system is serving the diverse needs of our communities and how it evolves over time. Director of […]

MIL-OSI Submissions: Economy – US Fed holds rates steady – but September cut now in focus: deVere CEO
Source: deVere Group July 30 2025 – The Federal Reserve held interest rates steady today, but the next step is increasingly clear. A cut is coming in September, and investors should be preparing now, predicts the CEO of one of the world’s largest independent financial organizations. “The decision to hold was expected, but it doesn’t […]

MIL-OSI New Zealand: Killing weeds and wildings for economic growth
Source: New Zealand Government Tourism and rural businesses will benefit from Government action to eradicate invasive weeds from popular landscapes including progressing the development of world-leading early detection technology, Conservation Minister Tama Potaka says.  The Department of Conservation – Te Papa Atawhai is New Zealand’s biggest tourism provider – conservation tourism is worth $3.4 billion […]

MIL-Evening Report: Big tech says AI could boost Australia’s economy by $115 billion a year. Does the evidence stack up?
Source: The Conversation (Au and NZ) – By Uri Gal, Professor in Business Information Systems, University of Sydney Imaginima / Getty Images AI is on the agenda in Canberra. In August, the Productivity Commission will release an interim report on harnessing data and digital technology such as AI “to boost productivity growth, accelerate innovation and […]

MIL-OSI: JD.com Announces Decision to Make a Voluntary Public Takeover Offer and Strategic Investment Partnership with CECONOMY
Source: GlobeNewswire (MIL-OSI) BEIJING, July 30, 2025 (GLOBE NEWSWIRE) — JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it decided to make a voluntary public takeover offer, through a wholly-owned indirect subsidiary JINGDONG Holding Germany GmbH […]

MIL-OSI Economics: Microsoft Cloud and AI strength fuels fourth quarter results
Source: Microsoft Headline: Microsoft Cloud and AI strength fuels fourth quarter results REDMOND, Wash. — July 30, 2025 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2025, as compared to the corresponding period of last fiscal year: Revenue was $76.4 billion and increased 18% (up 17% in constant currency) […]

MIL-OSI USA News: “Absolute Blockbuster”: New GDP Report Shows Explosive Growth in Trump’s Economy
Source: US Whitehouse With U.S. economic growth surging in the second quarter, President Donald J. Trump has proven the so-called “experts” wrong once again as he presides over tame inflation, blue-collar wage growth, explosive job creation, and a “Made in America” boom. Here’s what they’re saying about today’s GDP report: Economist E.J. Antoni: “This GDP […]

MIL-OSI Economics: Straight Talk Launches Mission to Help Families Build Healthy Digital Habits with “The First Phone Pact”
Source: Verizon Headline: Straight Talk Launches Mission to Help Families Build Healthy Digital Habits with “The First Phone Pact” NEW YORK – As families prepare for the back-to-school season, Straight Talk Wireless, a leading prepaid brand covered by Verizon’s 5G network, is addressing one of parents’ most pressing concerns: helping children develop healthy phone habits […]

MIL-OSI Europe: Written question – Commission action to immediately compensate livestock farmers and address the economic impact of sheep pox – P-003129/2025
Source: European Parliament Priority question for written answer  P-003129/2025to the CommissionRule 144Dimitris Tsiodras (PPE) Outbreaks of sheep pox are increasing significantly, affecting livestock farmers in many regional units of Greece, such as Aetolia-Acarnania, Larissa, Rhodope, Magnesia, Florina, Phocis and Xanthi. By way of illustration, 25 out of the 42 new outbreaks were recorded in the […]

MIL-OSI USA: Fact Sheet: President Donald J. Trump is Protecting the United States’ National Security and Economy by Suspending the De Minimis Exemption for Commercial Shipments Globally
US Senate News: Source: US Whitehouse TAKING DECISIVE ACTION GLOBALLY TO PROTECT AMERICANS: Today, President Donald J. Trump signed an Executive Order suspending duty-free de minimis treatment for low-value shipments, closing the catastrophic loophole used to, among other things, evade tariffs and funnel deadly synthetic opioids as well as other unsafe or below-market products that […]