Headline news for August 6, 2025: President Trump’s actions against major banks, Stanford University layoffs linked to federal funding, flat US services sector growth, oil price fluctuations due to tariff threats, and Singapore’s innovative air cargo center.

Synopsis: A round up of global headlines to start your day by The Business Times.

Written by: Howie Lim / Claressa Monteiro (claremb@sph.com.sg)

Produced and edited by: Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

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S2E46: Banks Face US Action, Flat Services Growth, Singapore Air Cargo Pus