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Trump’s ICC Policy Escalates as Prosecutor Khan Ousted July 25
Trump’s State Department vows to dismantle the ICC brick by brick. The court votes to remove prosecutor Khan over misconduct. UK faces pressure as fourth-largest ICC donor.
Oriental Land Stock Climbs 2% as CEO Takahashi Signals DPA Changes
Oriental Land CEO Wataru Takahashi responds to shareholder demands for annual pass revival and service improvements. Stock at ¥2,682.50 as Disney price hikes continue.
Australia’s New CGT Rules Create $500,000 Tax Trap for Retirees July 25
Australia’s new capital gains tax rules remove the 50% discount and replace it with inflation indexation, creating a $500,000 tax trap for unwary retirees and investors. The change breaks tax parity with dividend income.
Japan Tightens Permanent Residency Rules: Income and Pension Thresholds Rise July 25
Japan raises permanent residency requirements starting October 2026. Applicants must now earn above average Japanese household income and meet 30-year pension contribution thresholds.
Wall Street Ends Volatile Week Mixed as Oil Retreats, Tariffs Loom July 25
S&P 500 flat, Nasdaq down 0.6% Friday as Brent crude drops 4% to $96, Trump tariffs hit 10-12.5%, and Fed rate hike odds jump to 30% next week.
Sanicare Files for Insolvency Again: German Mail Pharmacy Struggles
Sanicare, Germany’s known mail-order pharmacy, filed for insolvency July 15 with 74 staff. Despite 80 million euro revenue, declining sales and infrastructure costs forced restructuring.
Swiss ‘Zipper Merge’ Rule Clarified: Late Lane Changes Are Legal, July 24
Swiss police clarify zipper merge rule: staying in your lane until the end during road narrowing is legal and reduces traffic jams. The principle has been law since 2021.
Australia’s New Super Tax Hits High Earners From July 1: What Retirees Need to Know
Australia’s new Division 296 superannuation tax from July 1, 2026 hits high-balance retirees with 30-40% rates. Affects 90,000 people with balances over $3 million. Capital gains tax and negative gearing changes also take effect July 2027.
Seven-Eleven Japan Warns Stores Over Staff Reselling Pokemon Cards, July 24
Seven-Eleven Japan warned franchise stores after employees and owners hoarded and resold Pokemon cards and anime merchandise. Legal experts say criminal charges are unlikely, but contract termination is possible.