June 17, 2026 · Daily Global-Macro Brief

June 17, 2026 545 stories · 650 articles, 105 merged · refreshed 2026-10-11 01:37 UTC ▲ 99▼ 95◆ 26– 325

Markets 50

DJIA slipped from a fresh intraday record to near 51,800, about 480 points below its high
Fed kept the policy range at 3.50%-3.75% and raised the 2026 rate projection to roughly 3.8% from 3.4%
2-year Treasury yield jumped ~11 basis points to around 4.16% on the release
Rate‑sensitive sectors, including tech and the Russell 2000, each fell close to 1%
Support level identified at 51,800; a break could expose 51,500

Read on FXStreet ↗ also: FXStreet

S&P 500 closed down 1.2% as bond yields rose
10-year Treasury yield rose to nearly 4.5%
FOMC's dot-plot suggests 9 members expect higher rates by 2026

Read on CNBC Top News ↗ also: FXStreet

US stocks fell, with the Dow Jones down 0.98% and the S&P 500 down 1.21%
10-year Treasury yield rose 3 basis points to 4.461%
Fed projects rate hike by end of 2024, with 50% of FOMC members expecting a hike this year

Read on Channel NewsAsia Business ↗

AUD/USD may undershoot 0.7000 in the near-term due to unfavorable interest rate gaps
RBA's decision to hold rates reflects growing signs of a cooling domestic economy
Analysts project a corrective near-term trend for the Australian Dollar

Read on FXStreet ↗ also: FXStreet

UK inflation misses forecasts, forcing traders to trim BoE hike bets.
US Retail Sales beat estimates, reinforcing the consumer resilience narrative.
Fed dot plot and Warsh press conference to drive the next move.

Read on FXStreet ↗ also: FXStreet

EUR/USD slipped about 50 pips to around 1.1550, its lowest level of the session
Fed kept the policy rate at 3.50‑3.75% and raised the median 2026 rate projection to roughly 3.8%, flipping from a cut to a hike bias
The 2026 PCE inflation forecast was lifted to 3.6% (core 3.3%), driving the more hawkish stance
EUR/USD now trades below 1.1550, with support near 1.1500 and resistance at 1.1600

Read on FXStreet ↗ also: FXStreet

EUR/USD flatlines around 1.1610 in early Asian session
Fed expected to keep benchmark rate unchanged at 3.50%-3.75% at June meeting
CME FedWatch shows 42.6% probability of a 25 bps rate hike by year‑end
US May retail sales data to be released later in the day
Potential US‑Iran deal could boost risk assets, supporting the euro

Read on FXStreet ↗ also: FXStreet

DXY fell to around 99.50 in the Asian session, its lowest level this week.
Optimism over a US‑Iran peace agreement, to be signed Friday, reduced safe‑haven demand for the dollar.
Fed is expected to keep rates unchanged at 3.50%‑3.75% at the June meeting.
CME FedWatch shows the probability of a December rate hike dropped to 64% from 69% last week.

Read on FXStreet ↗ also: Investing.com News

Apple to raise prices due to memory chip costs
Moderna to make case for mRNA flu shot before FDA committee
Jobless claims expected at 225,000, with 56% of prediction market believing it will be above this mark
Kroger reports quarterly results before the bell
Big banks (BAC, C, GS, JPM, MS) hit new highs on Wednesday

Read on CNBC Top News ↗

Senate Armed Services Committee approved the NDAA provision 18-9, barring buybacks/dividends without Pentagon approval.
The restriction would apply to major contractors such as Lockheed Martin (LMT), Northrop Grumman (NOC) and Boeing (BA) starting June 15, 2027.
Violating contractors could face contract payment suspensions and loss of eligibility; waivers may be granted for qualifying defense investment plans.
The House version currently lacks the provision, so final passage depends on upcoming negotiations.

Read on CNBC Top News ↗

President Trump publicly defends the latest Iran nuclear agreement
US retail sales reported a rise, indicating consumer spending strength
Equity markets showed volatility amid geopolitical and economic news

Read on WSJ Markets ↗

GBP/USD slipped below 1.3300, hitting two‑month lows and down over 1%
Fed kept rates unchanged and omitted forward guidance, citing elevated inflation
US 2‑year Treasury yield rose 15 basis points to 4.20% after the statement
Median Fed Funds rate forecast lifted to 3.8% from 3.4% in March

Read on FXStreet ↗

SpaceX's $2.7 trillion market cap makes it the fifth‑largest company globally.
Implied volatility of SpaceX options hit ~120, about three times that of the iShares Bitcoin ETF.
Index inclusion could lift volatility of funds like Vanguard Growth ETF (VUG) and broader S&P 500/Nasdaq 100.
Analysts suggest investors averse to volatility may shift to bonds.

Read on CNBC Top News ↗

Commissioners approve measures that curb the SEC's leverage in enforcement actions
Budget constraints and staff cuts limit the agency's capacity to pursue corporate wrongdoing
Regulatory standards are being loosened, raising concerns about future market oversight

Read on MarketWatch Top Stories ↗

Regulators released draft rules to ban subsidy practices that disrupt the market and force loss‑leader pricing
Public comment period runs until July 17 before final regulations are adopted
The crackdown targets major platforms such as Meituan and Ele.me, potentially pressuring earnings

Read on SCMP Economy ↗

Credit-default swap spreads remain unchanged despite $300 bn of new issuance since Jan 2026
Total credit issuance topped $300 bn in 2026, the highest level this year
Investors absorb the supply, citing confidence in AI‑driven growth
No widening in corporate credit spreads signals continued market resilience

Read on MarketWatch Top Stories ↗

Dow Jones futures hover near 52,040 during European hours ahead of the Fed meeting
Traders price in a 3.5%‑3.75% Fed rate hold, betting on no change
S&P 500 futures up 0.26% to ~7,540; Nasdaq 100 futures up 0.8% to ~30,240
Optimism from a tentative US‑Iran peace deal lifts broader market sentiment
Tech stocks slide (Micron -6.2%, Broadcom -4.4%) while SpaceX jumps 4.8% on acquisition rumors

Read on FXStreet ↗

Japan's Nikkei 225 gained about 0.8% to around 38,500, just shy of its all‑time high
Regional equity indices such as South Korea's KOSPI and Taiwan's TAIEX rose 0.5‑0.7% on the day
Investors remain cautious ahead of the Federal Reserve's policy decision scheduled later this week

Read on Investing.com Economy ↗

Bank of Japan lifted its policy rate by 25 basis points to 1% on June 16
The Nikkei Stock Average rose above 70,000 for the first time, hitting a record high
Market welcomed the move, noting the absence of hawkish language in the BOJ statement

Read on Nikkei Asia ↗

Fed expected to keep rates unchanged for a fourth meeting
Dollar lacks a clear bearish catalyst, leading OCBC to stay neutral
Oil prices easing, allowing Fed to stay patient

Read on FXStreet ↗ also: FXStreet

NZD/USD trades below the mid‑0.5800s for a second consecutive day.
RBNZ forecasts a 25 bps rate hike at its July 8 meeting, targeting OCR around 2.85% by year‑end.
US‑Iran interim peace deal weakens safe‑haven USD ahead of the Fed's FOMC, where rates are expected unchanged.
Statistics NZ reports the current‑account deficit narrowed to NZ$1.01 bn in Q1, from a revised NZ$5.64 bn deficit in the prior quarter.

Read on FXStreet ↗ also: FXStreet

USD/CAD halted its four‑day rally, trading around 1.3990 during Asian hours
Lower crude oil prices weigh on the commodity‑linked Canadian dollar
US‑Iran peace‑deal expectations weaken the US dollar, supporting CAD
Fed meeting ahead; rates likely unchanged in the 3.50‑3.75% target range

Read on FXStreet ↗ also: FXStreet

CME Group will file a lawsuit against the U.S. commodities regulator concerning its treatment of perpetual futures contracts.
CEO Terry Duffy told CNBC the action aims to protect market participants and preserve product innovation.
The dispute highlights regulatory uncertainty around newer futures products that trade continuously without expiration.

Read on Investing.com Economy ↗

Bank stocks rise, supporting broader equity gains
Retail sector shares climb, adding to market breadth
Tech remains strong but rally now includes non‑tech names

Read on MarketWatch Top Stories ↗

20 of 76 S&P 500 financial stocks (~26%) are within 10% of 52‑week highs after at least 100 days without new highs
Invesco KBW Bank ETF (KBWB) up >8% in June and hit an all‑time high; JPMorgan and Bank of America posted first intraday records since early January
Analysts cite "bear‑flattening" cycles where bank net income rose ~7% on average, supporting breakout potential
Insurers such as Chubb (CB), Travelers (TRV), Hartford (HIG) and Cincinnati Financial (CINF) also sit near yearly highs

Read on CNBC Top News ↗

USD/CHF trades at 0.7932, remaining above the 200‑day SMA (0.7905).
Key resistance levels: 0.7950, 0.8013 and 0.8042, with a target near 0.8050.
If the pair drops below the SMA, support zones lie at 0.7900, 0.7868, 0.7841 and 0.7800.
RSI stays bullish but flat, signaling trader indecision.
Federal Reserve expected to hold rates steady, underpinning current price action.

Read on FXStreet ↗

Global SPAC mergers announced this year hit 44 deals worth $36.9 bn, up from 33 deals and $15 bn a year earlier
As of June 17, 359 SPACs hold $56.8 bn of dry‑powder capital ready for deployments
U.S. SPAC listings through June 15, 2026 total 107, versus 57 in the same period in 2025
Energy, defense, critical minerals, nuclear, space and crypto sectors are the most likely SPAC targets
Analysts view SPACs as a quick alternative to crowded mega‑IPO market, boosting sentiment for smaller issuers

Read on Channel NewsAsia Business ↗

Euro Stoxx 600 up about 0.3% as markets digest reduced Iran-related geopolitical risk
Risk sentiment improves following reports of de‑escalation in Tehran, supporting broader European equity gains
Investors remain cautious ahead of the Federal Reserve's upcoming policy decision, limiting further upside

Read on Investing.com Economy ↗

UK CPI year‑on‑year held steady at the latest reading, confirming inflation expectations.
FTSE 100 edged lower, trading marginally below the previous close.
Investors watch for forthcoming Bank of England guidance on monetary policy.

Read on Investing.com Economy ↗

S&P and Dow futures flat; Nasdaq outperforms ahead of Fed meeting expected to keep rates unchanged
Citi lifts price targets on Applied Materials, Lam Research and KLA, citing projected $250 bn wafer equipment spend by 2028 (≈25% YoY growth)
Intel starts production of 18A‑P node, promising 9% higher performance or 18% lower power consumption
Wells Fargo raises Cummins target to $874, noting upside versus Eaton amid data‑center power demand
Citi opens 30‑day catalyst watch on RTX, anticipating a beat‑and‑raise earnings quarter

Read on CNBC Top News ↗

U.S. stock futures edged higher ahead of the Fed’s policy meeting
Tech sector expected to rebound as sentiment improves from new U.S.-Iran MOU details
Market focus remains on Fed decision, with investors watching for rate guidance

Read on WSJ Markets ↗

EUR/USD remains in a tight range, with SocGen targeting a move down to 1.1200.
Recent G10 central bank actions saw the RBA, BoC and Riksbank hold rates, while the BOJ and ECB raised rates.
Eurozone GDP forecasts have been cut deeper than other regions, adding pressure on the euro.
SocGen expects EUR/USD to drift toward 1.12 over time rather than 1.20, awaiting a fresh catalyst.

Read on FXStreet ↗

Cyclical drivers have reasserted themselves in FX, supporting a stronger dollar.
A credible threat of further Fed tightening later this year underpins bullish outlook.
Strategists expect the dollar to remain bid over the next several months.

Read on FXStreet ↗

Medical cost growth for Medicare slows, lifting profit outlook for insurers
Trump administration policies become less restrictive, supporting insurer margins
Insurance sector stocks show renewed upward momentum after recent decline

Read on WSJ Markets ↗

S&P/ASX 200 index gains 0.54% at market close
Broad Australian equity market posts modest rise
Positive sentiment lifts major Australian shares

Read on Investing.com Economy ↗

Taiwan Weighted Index closed up 2.78%, the session's biggest gain
Broad market breadth was positive, with most stocks advancing
The rally lifted overall market sentiment to a bullish tone

Read on Investing.com Economy ↗

Indian Rupee (INR) declines despite lower oil prices.
USD/INR pair trades near 94.40, with technical analysis suggesting a bearish near-term tone.
Fed decision expected to maintain cautious stance, with hawkish tone from Chair Kevin Warsh

Read on FXStreet ↗

Warsh's market outlook will be closely watched for direction cues
Investors anticipate potential volatility in US equities
Key focus on upcoming data releases and Fed commentary

Read on Investing.com News ↗

AUD/JPY trades around 113.25 after BoJ raises rates to 1.0% and RBA leaves OCR at 4.35%
Technical outlook shows constructive bias above 113.00, with upside barrier at 113.58 and resistance near 114.90
Downside support identified at 113.23, with further levels at 112.25 and 112.00 if the pair falls
RSI at 48 indicates neutral momentum, suggesting consolidation rather than a strong move

Read on FXStreet ↗

EUR/JPY trading around 186.20, above the 9‑day EMA (185.66) and 50‑day EMA (185.18)
14‑day RSI near 60 points to solid upward momentum
Technical outlook sees upside to 186.5‑187.9, with resistance near 188.3
Break below 185.66 could turn bias bearish, targeting 184.70 and lows of 181.87/180.81

Read on FXStreet ↗

ASX plans to limit share issuances in public M&A to a maximum of 25% of the target company's equity without a shareholder vote.
The rule is intended to protect minority shareholders and reduce dilution in takeover transactions.
If adopted, any issuance above the 25% threshold would require explicit shareholder approval.

Read on Investing.com Economy ↗

Issuance volume in the convertible‑bond sector climbs to its peak since the start of the Covid‑19 pandemic.
AI‑focused firms are leading the surge, using convertibles to raise cash while preserving upside potential.
Investors view convertibles as a flexible financing tool amid elevated equity valuations and uncertain credit conditions.

Read on WSJ Markets ↗

GBP/USD climbs to around 1.3430 in early Asian trading.
US‑Iran peace hopes lift risk‑off assets, supporting the pound.
Fed expected to keep rates steady at 3.5‑3.75% ahead of its June decision.
BoE likely to hold rates at 3.75% as oil price declines ease inflation concerns.

Read on FXStreet ↗

JGB futures rose in early Tokyo trading
Move tracks overnight price gains in U.S. Treasury market
U.S. Treasury yields fell, supporting bond price rally

Read on WSJ Markets ↗

Buffett’s mentor says his fortune was largely due to chance rather than skill.
The article argues many investors overestimate their knowledge and pay advisers for luck.
It warns that personal savings may be exposed to random outcomes rather than informed decisions.

Read on MarketWatch Top Stories ↗

Congress plans a hearing to examine competition rules for US airlines
Discussion will target potential regulatory changes affecting major carriers
Airline industry groups expected to testify, could influence airline stock sentiment

Read on Investing.com Economy ↗

Sri Lanka's main equity index closed flat, with no net change
Consumer and financial sector stocks posted gains that offset declines in energy and industrial stocks
Market breadth was evenly split, with roughly equal numbers of advancing and declining stocks

Read on Investing.com Economy ↗

SGD/USD pair consolidated during Asian session
Recent declines in crude oil prices may bolster the Singapore dollar
Analysts cite oil price drop as a supportive factor for the currency

Read on WSJ Markets ↗

PBOC set the USD/CNY central rate at 6.8096 for the session
Rate is slightly stronger than yesterday's fix of 6.8108
Rate sits marginally above Reuters estimate of 6.7659
Move underscores PBOC's focus on exchange‑rate stability amid broader policy tools

Read on FXStreet ↗

Hong Kong aims to leverage its maritime insurance expertise to enter the space insurance market.
The initiative is presented as a way to diversify the city’s economy and capture emerging space‑related risks.
Regulatory, technical and market‑size challenges are highlighted as obstacles to rapid growth.
Success could position Hong Kong as a regional hub for niche insurance services.

Read on SCMP Economy ↗

Macro/Economy 45

World energy investment forecast at $3.4 trillion for 2026.
Clean energy to attract $2.2 trillion, nearly double fossil‑fuel spending.
Fossil‑fuel investment projected at $1.2 trillion, a historic low share.
Clean‑energy share of total spending rises to roughly 65 %.

Read on OilPrice ↗

New Zealand Dollar (NZD) loses ground against the US Dollar (USD) ahead of the Federal Reserve's policy decision.
New Zealand consumer confidence dropped to 80.4 in Q2, its lowest level since 2023, amid higher living costs.
The Fed is widely expected to keep interest rates unchanged, with focus on Chair Kevin Warsh's comments and updated economic projections.
The Reserve Bank of New Zealand (RBNZ) maintains a hawkish stance, signaling a potential 25-basis-point rate increase in July.
New Zealand's Q1 current account deficit was NZ$1.01B, slightly better than market expectations.

Read on FXStreet ↗

Fed expected to cut rates in September, with a gradual easing cycle over 2 years
Dollar likely to lose exceptionalism as US growth converges with other advanced economies
Inflation stickiness could keep Dollar stronger vs Euro and other majors

Read on FXStreet ↗

Retail sales grew 0.9% month‑over‑month in May, above the 0.5% consensus
Year‑over‑year retail sales were up 6.9% in May
The US Dollar Index edged up to the 99.60‑99.70 range after the release
Non‑store retailers jumped 12.2% YoY, while food services rose 2.7% YoY

Read on FXStreet ↗

UK CPI inflation remained steady at 2.8% in April, above the Bank of England's 2% target
Core CPI rose 2.6% YoY, softer than forecast of 2.7%
Monthly CPI fell 0.2%, below market consensus of 0.4%

Read on FXStreet ↗

Exports in May jumped 17% YoY, above the 16.2% Reuters forecast
Shipments to China rose 17.9% YoY and to the U.S. 12.5% YoY
Semiconductor export value surged 61.2% YoY; car shipments up 16.4%
Imports grew 12.5% YoY, the fastest since Jan 2025, while petroleum imports fell 28.5%
Bank of Japan raised policy rate by 25 bps to 1%, its highest in over 30 years

Read on CNBC Top News ↗

May CPI held at 2.8% YoY, matching April and below the 3% Reuters forecast
Transport costs rose 10.3% month-on-month, driven by higher air fares and motor fuel
Bank of England kept its policy rate at 3.75% and markets see a 95% chance of another hold at the next meeting
Energy price cap set to increase 13% later this summer, potentially lifting inflation
UK inflation remains lower than the Eurozone (3.2%) and US (4.2%) rates

Read on CNBC Top News ↗ also: FXStreet

Non-oil exports jumped 38.4% year‑on‑year in May.
Growth was led by AI‑related products and services.
The surge highlights expanding demand for Singapore's tech sector.

Read on Investing.com Economy ↗ also: Channel NewsAsia Business

39% of firms anticipate a one‑year recovery, 31% expect six months, and 17% foresee three months after a cease‑fire
27% are deeply worried and 69% somewhat worried about oil and naphtha procurement
Survey covered 215 respondents out of 490 companies, reflecting a risk‑averse outlook
8% say AI has a considerable impact on hiring, while 48% note a moderate effect

Read on Channel NewsAsia Business ↗

Former Fed official Kevin Warsh and Senator J.D. Vance doubt the Fed's 2% inflation goal
Their remarks imply expectations of inflation running above the 2% target in the near term
Potential target revision could push markets to price higher Treasury yields and tighter policy

Read on MarketWatch Top Stories ↗

Q1 2026 GDP grew 0.8% QoQ, below the 0.9% consensus
YoY growth was 1.5%, matching expectations and beating the 1.1% forecast
NZD/USD slipped 0.96% to 0.5775 after the data release
Q4 2025 GDP was revised to a 0.5% QoQ expansion

Read on FXStreet ↗

Fiscal Policy Office is reviewing the draft Financial Hub Act after it was returned by the House of Representatives
Government aims to fast‑track the bill to create a one‑stop regulatory authority covering banking, payments, securities, futures, digital assets, insurance and related firms
Proposed framework would limit services to non‑residents, except for intra‑industry transactions and activities supporting the domestic market
Legislation seeks to streamline licensing, offer incentives and align regulations with international standards to attract foreign investment

Read on Bangkok Post Business ↗

Proposed progressive tariffs of 4.96‑5.45 baht per unit for households using over 200 units were postponed
Current average electricity price stays at 3.95 baht per unit until August
EGAT recorded a 36 billion baht loss as of April due to past subsidy programmes
Subsidies will continue for consumption up to 200 units and a separate rate is being considered for data centres

Read on Bangkok Post Business ↗

Canada will permit up to 49,000 Chinese electric vehicles to be imported over a 12‑month period.
The vehicles will face a tariff rate of about 6 percent.
The import quota is slated to rise gradually after the initial year.
President Trump said he can understand the low‑tariff arrangement.
The deal was unveiled during Prime Minister Carney’s January trip to Beijing.

Read on SCMP Economy ↗

Only 22% of workers worldwide strongly agree their jobs are safe; Nigeria highest at 38%, Japan lowest at 5%
62% report up to five unpaid hours per week, 26% work six‑15 unpaid hours; managers and C‑suite see higher unpaid hours
Daily AI users are four times more likely to feel less productive, yet 30% are fully engaged versus 14% of non‑users
Overall, just 19% of workers are fully engaged; Brazil leads with 29% engagement, China trails at 11%

Read on CNBC Top News ↗

Poland to impose 60% tax on excess fuel profits during Iran war
Estimated revenue: 4 billion zloty (~$1.1 billion)
Tax targets fuel companies benefiting from soaring energy prices

Read on OilPrice ↗

Repeat of 2022's inflation problems appears less likely
Risk of second-round effects remains for Eurozone monetary policy
Market expectations point to declining oil prices, but uncertainty remains

Read on FXStreet ↗

2026 GDP growth now projected at 1%‑1.75%, down from earlier outlook
The downgrade signals slower economic expansion for Chile
Lower growth expectations may influence fiscal planning and monetary policy

Read on Investing.com News ↗

Elevated gasoline prices are consuming a larger share of retail‑sales dollars
Spending on restaurant meals declines as households prioritize fuel costs
The shift in consumer behavior is linked to economic stress from the Iran conflict

Read on MarketWatch Top Stories ↗

Non‑permanent residents fell to about 2.67 million by early 2025, a 15% drop from the October 2024 peak of 3.15 million.
Temporary visas and international student permits were slashed, cutting immigration to “sustainable” levels after a surge to 8% of the population.
A 2024 poll showed a majority of Canadians for the first time in decades believing there is “too much immigration”.
Opposition Conservatives are pushing further cuts, including proposals to end birthright citizenship.

Read on Al Jazeera ↗

Mortgage application volume dropped 3.8% week‑over‑week.
30‑year fixed mortgage rate held at 6.60% with points unchanged at 0.63.
Refinance applications fell 5% while purchase applications slipped 3%.
Rates near lowest since May 14 as oil prices fell on hopes of Iran peace.
Fed’s first meeting with new chair Kevin Warsh expected to keep rates unchanged.

Read on CNBC Top News ↗

The Social Security trust fund is projected to exhaust its reserves within the next decade
An aging population and rising benefit payouts are deepening fiscal strain
Today's Federal Reserve policy decision could affect Treasury borrowing costs

Read on WSJ Markets ↗

Rupiah recovered from a historic low, gaining roughly 5% over the week.
Jakarta stock index surged, rising more than 3% on the back of the currency rally.
Sovereign wealth fund bond issue was heavily oversubscribed, showing strong investor appetite.
Economists warn that higher interest rates needed to support the rupiah could strain the middle class and dampen consumption.

Read on SCMP Economy ↗

Gasoline car demand in China is slumping amid higher fuel prices.
Discounts on gasoline models have nearly doubled, with some Range Rover units cut up to 60%.
Chinese passenger car sales fell over 22% in May, while EV and hybrid sales remain more resilient.

Read on OilPrice ↗

Ineos Automotive partners with SMT Defence and NMS UK to offer its Grenadier 4x4 for the UK MoD Light Mobility Vehicle tender
Daimler Truck launches a dedicated Daimler Truck Defence unit, committing several hundred million euros to military mobility and logistics solutions
Renault teams up with Thales to develop a new armored vehicle for reconnaissance, troop coordination and UAV deployment
European auto sector, facing slowing EV demand and higher borrowing costs, sees defense as a lucrative growth avenue amid rising NATO spending
Daimler Truck reports roughly 1,000 staff already working in its defense business and expects further demand for specialised talent

Read on CNBC Top News ↗

Negotiated wage growth projected at roughly 2.6% by end‑2026, unchanged from May release
Unsmoothed one‑off payments indicate 3.0% growth in 2025 and 2.6% in 2026
Headline tracker averages 1.8% Q1, 2.1% Q2, and 2.6% Q3‑Q4 2026 as one‑off effects fade
Employee coverage falls from 46.4% in Q1 to 40.4% in Q4 2026

Read on ECB Press ↗

Government plans to cut Japan's food consumption tax from 8% to 1% starting April 2025 for two years
Cut expected to reduce tax revenue by about ¥4.4 trillion while adding ¥600 billion in cash benefits for low‑ and middle‑income households
Fiscal impact could weigh on the yen, which has remained weak despite the BOJ’s recent rate hike
Projected GDP boost from the tax cut is modest, around ¥0.3 trillion

Read on Channel NewsAsia Business ↗

Northern Ireland posted the strongest quarterly GDP growth among UK nations since the 2016 Brexit referendum
England, Scotland and Wales showed slower expansion, with growth rates below the NI average
The regional gap highlights divergent economic performance across the UK post‑Brexit

Read on Investing.com News ↗

President Mirziyoyev unveiled a tax‑free Tashkent International Financial Center with zero profit, VAT, property and customs taxes
An independent financial regulator will be set up to oversee the new hub and digital‑asset activities
Uzbekistan projects 7.7% GDP growth for 2025, driven by a young population and high gold prices
May saw the largest Uzbek IPO since 2021, with minority stakes in state firms listed on the London Stock Exchange

Read on Channel NewsAsia Business ↗

Adjusting for U.S. M2 growth shows Bitcoin’s price has halved since its $126k peak, with the BTC/M2 ratio forming a bearish head‑and‑shoulders pattern
On an M2‑adjusted basis, the S&P 500 has only just reclaimed its dot‑com‑era high despite nominal levels near 7,511 points
The weakening BTC/M2 edge may signal reduced risk appetite for equities and other high‑beta assets
Crypto exchange volumes fell 3.45% to $4.41 trillion in May (lowest since Sep 2024), while RWA perpetual futures rose 10.4%

Read on CoinDesk ↗

Survey indicates a slowdown in capital spending by German auto parts suppliers
Hiring plans are being cut back, with firms reducing new recruitment
The trend reflects broader concerns over demand and supply‑chain pressures

Read on Investing.com News ↗

Vietnam aims for 10% GDP growth in 2026.
Trade deficit reached $15 bn in H1 2024, up from $7.6 bn surplus a year earlier.
May inflation hit 5.6%, above the 4.5% target.
US proposes tariffs up to 12.5% on Vietnamese imports over forced‑labour concerns.
Export growth expected to narrow the annual deficit.

Read on Channel NewsAsia Business ↗

Housing deficit exceeds 900,000 units nationwide
37% of residential buildings classified unsafe by 2020
3,856 building collapses recorded from 2000 to 2013 (about one per day)
U.S. fuel blockade entered its fifth month, deepening the crisis
Hundreds of families displaced into temporary gym shelters

Read on Bangkok Post Most Recent ↗

Regulator will intensify cross‑sector collaboration to manage systemic financial risks
Will target risks from the property market and local government debt exposures
Will tighten oversight of small and medium‑sized financial institutions and illegal activities
Encourages firms to raise capital via diverse channels and direct resources to emerging industries

Read on FXStreet ↗

The total fertility rate dropped to 1.6 children per woman in 2023, the lowest since records began.
Smartphone ownership among adults reached 85%, with studies linking screen time to delayed family planning.
Housing costs have risen 15% year‑over‑year, making home ownership less attainable for young couples.
Real wages have stagnated for a decade while average student debt sits around $30,000, reducing economic stability for prospective parents.

Read on MarketWatch Top Stories ↗

The U.S. Commerce Department decided not to place DeepSeek and CXMT on the Entity List for now
The decision follows a review of concerns over AI and semiconductor export controls
Both firms remain subject to existing export licensing requirements

Read on Investing.com Economy ↗

Myawaddy checkpoint reopened on May 28 after closure since August 2025
Border trade Jan‑Apr 2026 fell 14.4% YoY to 60.8 bn baht; Mae Sot trade down 39.8% YoY
Thai exports to Myanmar were 37.9 bn baht and imports 22.9 bn baht in Jan‑Apr 2026
Export volumes via Mae Sot dropped 42.5% to 13.4 bn baht, imports fell 30.4% to 4.75 bn baht
DFT cites improved logistics but notes import licensing and FX policies as ongoing constraints

Read on Bangkok Post Business ↗

Data series cover Japan’s banking positions back to end‑June 1998.
Available through BOJ’s Time‑Series Data Search and flat‑file downloads.
Recent corrections issued on 18 June 2026 and 24 March 2026.
Multiple release‑format updates listed, latest on 23 Dec 2025.

Read on Bank of Japan ↗

Consumer electricity bills have shown little to no reduction despite industry restructuring.
Analysts argue that promised benefits for consumers remain unproven and largely absent.
The lack of measurable price improvements calls into question the effectiveness of past reforms.

Read on OilPrice ↗

Proposed university town near the border will be expanded tenfold to 1,000 hectares
Expansion aligns education with industry as endorsed by Beijing's Xia Baolong
Project forms part of the broader Northern Metropolis megaproject
Chief Executive John Lee highlighted its role in Hong Kong's economic and I&T development

Read on SCMP Economy ↗

VA loans require a credit score of 620+, a 41% debt‑to‑income ratio, and proof of steady income.
Eligibility includes 90 consecutive wartime active days (or 181 peacetime), 24 months continuous service for veterans, or six years in the Selected Reserve for Guard members.
VA loans allow 0% down, no mortgage insurance, and a funding fee of 0.5%‑3.3% of the loan amount.
Navy Federal Credit Union offers the lowest VA loan rates; Veterans United ranks highest for customer satisfaction.
Borrowers must occupy the home as primary residence within 60 days of closing (extensions possible for deployment).

Read on CNBC Top News ↗

Both countries are nearing an agreement to lift the seafood trade ban after weeks of halted shipments
Thai shrimp and Malaysian sea bass were subject to reciprocal restrictions during the dispute
Malaysia received Thailand's completed food safety questionnaire, a prerequisite for lifting the ban
The settlement is expected to revive export volumes for both nations

Read on SCMP Economy ↗

Weeks of protest roadblocks have disrupted transport in La Paz
Residents face food shortages and limited supermarket supplies
Scuffles erupted as shoppers compete for scarce goods

Read on Al Jazeera ↗

Inland Revenue Board (LHDN) is monitoring the growing market for high‑value trading cards in Malaysia.
Collectors may face tax audits if hobby activities are deemed business transactions.
Single card trades can involve transactions worth thousands of ringgit, prompting tax scrutiny.
LHDN urges collectors to ensure compliance with income tax obligations.

Read on SCMP Economy ↗

Hanoi announces a softer, phased plan to limit gasoline‑powered motorcycles.
The city, one of the world’s largest motorbike hubs, will introduce curbs gradually to avoid major disruption.
The new roadmap aims to curb emissions while protecting the existing motorbike fleet.

Read on Nikkei Asia ↗

Central Banks 29

Fed kept the target range at 3.50%-3.75% but lifted the 2026 PCE inflation forecast to 3.6% (up from 2.7%)
Median projection for the federal funds rate at end‑2026 rose to 3.8% (from 3.4%); outlook for 2027‑28 also higher
Chair Kevin Warsh announced removal of forward guidance and a review of the Fed’s framework via five task forces
Growth outlook trimmed modestly and unemployment forecast slightly improved, underscoring focus on inflation
Warsh highlighted AI’s impact on productivity and pledged a simpler, fact‑based communications approach

Read on FXStreet ↗ also: CNBC Top News·CoinDesk·Bangkok Post Business

Fed kept policy rate at 3.50‑3.75% and signaled a possible hike by year‑end
Dollar index rose 0.5% to 100.01, its highest in nearly a week
Euro fell 0.5% to $1.1549; yen edged up 0.05% to 160.385 per dollar
Fed’s inflation projection for 2026 rose to 3.6% from 2.7%
Short‑term US rate futures now price a higher chance of a September hike

Read on Channel NewsAsia Business ↗ also: CNBC Top News·SCMP Economy·FXStreet·CoinDesk

Fed likely to hold policy rate at 3.5%-3.75% for fourth consecutive meeting in June
Market pricing shows ~58% chance of at least one 25 bps hike by end-2026
Oil prices fell below $80 as Strait of Hormuz reopening eases crude market, but Fed outlook remains hawkish
USD resilience hinges on Fed Chair Warsh’s comments and SEP revisions; EUR/USD could move lower if hikes remain likely

Read on FXStreet ↗ also: FXStreet

Fed kept policy rate unchanged at 3.5‑3.75% after its first meeting under Chair Kevin Warsh.
U.S. CPI rose 4.2% YoY, a three‑year high, driven by a 23.5% jump in energy prices in May.
Fed projects a 0.25% rate increase by end‑2026 and dropped forward guidance, signaling a data‑dependent stance.
CME FedWatch sees a ~30% chance of a hike by September and >50% by December.
Warsh announced five new task forces on productivity, jobs and inflation.

Read on Al Jazeera ↗ also: CNBC Top News

BOJ raises policy rate to 1%, highest since 1995
Concerns over CPI exceeding 2% target drive rate hike
Uncertainty over Iran conflict contributes to cautious monetary policy

Read on Nikkei Asia ↗ also: Channel NewsAsia Business

Warsh signaled a faster pace of rate hikes, hinting at two additional 25‑bp increases this year
U.S. equities slipped about 0.8% as investors priced in tighter policy
U.S. Treasury 10‑year yield rose roughly 10 basis points to around 4.30%
Gold fell near 1% while the dollar index rose about 0.5%

Read on MarketWatch Top Stories ↗

Gundlach says Warsh’s tone is hawkish, not the easy‑money stance investors expected
Fed reaffirmed commitment to bring inflation back to 2% and omitted a rate‑cut projection in the dot plot
Gundlach argues the hawkish stance makes long‑term U.S. Treasuries more attractive
Warsh emphasized price stability as a priority, signaling less accommodative policy

Read on CNBC Top News ↗

Investors await Fed rate decision later today
Tech sector expected to gain if Fed signals dovish policy
SpaceX shares climb in premarket trading

Read on WSJ Markets ↗

Markets anticipate the Fed will keep rates unchanged at the June meeting.
The Fed’s revised dot plot may signal future rate hikes, heightening FX volatility.
USD index steadied near 99.5 as the dollar weakened against the Swiss franc.
UK CPI held at 2.8% YoY in May, keeping GBP/USD flat around 1.3420.
EUR/USD trades sideways just above 1.1600; USD/JPY hovers above 160.00.

Read on FXStreet ↗

BOJ lifted its policy rate to 1%, the highest level since 1993.
The hike ends 17 years of negative rates, marking the first increase since 2007.
US Treasury Secretary Scott Bessent and market pressure persuaded PM Sanae Takaichi to accept the move.
The tightening aims to avert economic and financial disruptions amid global rate hikes.

Read on Nikkei Asia ↗

2-year Treasury yield rose >16 bps to 4.216%
10-year Treasury yield rose >7 bps to 4.499%
Fed median funds-rate projection for end‑2026 lifted to 3.8% from 3.4%
Fed signaled at least one rate hike this year; Warsh did not submit a projection
FOMC statement trimmed language suggesting future easing

Read on CNBC Top News ↗ also: WSJ Markets

Fed's FOMC is expected to keep the benchmark rate unchanged in the 3.5%-3.75% target range
Meeting will release the dot‑plot and projections for inflation, unemployment and GDP growth
Warsh's first press conference will hint at his communication style and any plan to shrink the Fed's $6.8 trillion bond holdings
Markets will watch for clues on future policy and whether post‑meeting news conferences will become routine

Read on CNBC Top News ↗ also: CNBC Top News

New Fed chair creates five task forces to review communications, inflation framework, and operational processes
One task force will focus on improving the Fed's communication strategy and market guidance
Another task force will assess the current 2% inflation target and related policy tools
The initiative aims to modernize decision‑making and address concerns over policy effectiveness

Read on MarketWatch Top Stories ↗

Fed median projection now sees federal funds rate at 3.8% at end‑2026, up from 3.4% in March
9 of 18 Fed officials project the rate will be above the current 3.5‑3.75% range by 2026
Chairman Warsh did not submit a dot‑plot forecast, citing concerns over forward guidance
Fed left rates unchanged at the meeting, the first under Warsh’s chairmanship
Policy statement was heavily trimmed; a communications review is planned by year‑end

Read on CNBC Top News ↗

FOMC statement trimmed to about 130 words, down from over 300 in recent meetings
No forward guidance or vote breakdown; statement noted a unanimous decision
Only a brief note that the economy is "expanding at a solid pace" and limited inflation commentary

Read on CNBC Top News ↗

Fed projects federal funds rate at 3.8% by end-2026, up from 3.4% in March.
2027 rate forecast raised to 3.6% (from 3.1%); 2028 to 3.4% (from 3.1%).
PCE inflation for 2026 lifted to 3.6% from 2.7%; 2027 at 2.3% (up from 2.2%).
GDP growth for 2026 cut to 2.2% from 2.4%; unemployment seen at 4.3% by 2026.

Read on FXStreet ↗

Fed released its June 2026 economic projections after the June 16‑17 FOMC meeting
Projections include forecasts for GDP growth, inflation, unemployment and policy rate path
Tables and charts summarizing the forecasts were made public at 2:00 p.m. EDT

Read on Federal Reserve Press ↗

ECB lifted its key policy rate by 25 basis points to 2.25%, the first hike since 2023
Eurozone annual inflation rose to 3.2% in May, up from 3.0% in April
Even with a tentative US‑Iran peace agreement, Europe faces months of elevated energy prices feeding core inflation

Read on OilPrice ↗

Fed likely to keep policy rates unchanged at the upcoming meeting
Median dot for a 2026 rate cut expected to be removed
Statement anticipated to drop easing bias, indicating a more hawkish stance
Sharp decline in Brent crude eases near‑term inflation risk but does not eliminate it
MUFG views the guidance as broadly supportive for the US dollar

Read on FXStreet ↗

Brent crude slipped to test its 200‑day moving average at $78.46 per barrel.
The dollar eased after surrendering more than half of its post‑May payroll gains.
A hawkish Fed hold could keep the USD firm, but Fed Chair Kevin Warsh’s stance adds downside risk.
Markets price a 25‑basis‑point rate hike by year‑end, with the dot‑plot expected to shift from a 2026 cut to a hike.

Read on FXStreet ↗

BoJ lifted its policy rate by 25 basis points to 1.0%, matching expectations
Bond‑purchase tapering will end in April 2027, as confirmed by the bank
USD/JPY hovers just above 160, with the yen lagging despite the rate hike
Japan's real rates remain the lowest in the G10, keeping the yen a funding currency

Read on FXStreet ↗ also: FXStreet

AUD/USD trades near 0.7070, staying above 0.7050 in early Asian session.
RBA kept the official cash rate unchanged at 4.35% after three consecutive 25 bps hikes.
RBA signaled potential for further hikes if inflation risks persist.
US‑Iran peace talks boost risk appetite, supporting the Aussie as a higher‑yield currency.
Fed expected to keep rates unchanged in the 3.50‑3.75% range at its upcoming meeting.

Read on FXStreet ↗ also: FXStreet

ECB policymaker warns that a resurgence of 2022‑level inflation is possible, though unlikely
Risk of higher inflation remains tied to energy price developments and supply constraints
Monetary policy is expected to stay restrictive, with no imminent rate cuts anticipated

Read on Investing.com News ↗

US core PCE inflation at 3.3% YoY, with a 6‑month annualised rate of 3.8%
Fed likely to keep rates on hold through 2026, market still pricing a Q1 2027 hike
Societe Generale expects the dollar to fade recent weakness and stay resilient

Read on FXStreet ↗

ING notes ECB rate hike is fully priced into EUR/USD
Euro likely to struggle to rally despite further hawkish signals
Market discounts any additional ECB tightening for euro gains

Read on FXStreet ↗

BOK expects consumer inflation to stay around 3% in the second half of 2024 and above the 2% target into 2025
May inflation rose to 3.1%, a two‑year high, driven by elevated oil prices
Governor Shin Hyun‑song pledged active policy response and signalled possible rate hikes as early as next month
High oil prices and a strong won‑won exchange rate are seen as cost‑side pressures feeding through to other goods

Read on Channel NewsAsia Business ↗

PBOC will intervene if the overnight money‑market rate persistently deviates from its operation rates
Operation rates set at 7‑day reverse repo rate ±25 basis points; temporary overnight repo window moved to 3‑3:30 pm
PBOC to supply yuan liquidity to overseas central‑bank‑type institutions via FIMA RMB repo, accepting high‑grade yuan bonds
Market impact minimal; AUD/USD fell 0.06% to 0.7060 following the comments

Read on FXStreet ↗

4 1/8% Index-linked Treasury Stock 2030 interest rate set at £6.3401 per £100 nominal
Interest payment due on 22 January 2027
Rate determined in accordance with 12 June 1992 prospectus

Read on Bank of England ↗

BoE Governor to give pooled broadcast interview following MPC meeting
Transcript to be published at 1.30pm on the BoE website
No specific policy announcements expected

Read on Bank of England ↗

Energy/Oil 25

Battery storage costs have fallen below gas-fired power plants for the first time
Prices of batteries dropped 40% in 2025 due to overproduction in China and EV slump
Construction costs for battery storage stations have decreased significantly

Read on Nikkei Asia ↗

Brent crude fell about 1% as markets assess a possible Iran cease‑fire deal.
WTI slipped similarly, trading near the low‑$80s per barrel range.
Persistent tension in the Strait of Hormuz keeps the supply risk premium elevated.

Read on Investing.com News ↗ also: WSJ Markets·CNBC Energy·Investing.com Commodities·Al Jazeera·OilPrice

WTI steadied around $75.80 per barrel after a near 5% drop the previous day
An interim US‑Iran peace pact slated for Friday could resume Iranian oil exports and boost global supply
US crude inventories fell by 8.3 million barrels last week, but experts warn shipment recovery may take weeks

Read on FXStreet ↗ also: FXStreet·Investing.com Commodities

IEA forecasts global oil supply growth of 8 million barrels per day by 2027, versus demand growth of 2 million bpd
The imbalance would leave a surplus of roughly 5 million barrels per day next year
Surplus depends on Middle East production and exports recovering after a U.S.-Iran peace agreement
Expected oversupply points to downward pressure on oil prices

Read on OilPrice ↗ also: Nikkei Asia

US crude oil inventories decreased by 8.3 million barrels
Commercial stockpiles now 6% below the five-year average
Gasoline inventories also falling, contributing to lower stockpiles

Read on OilPrice ↗ also: MarketWatch Top Stories

WTI price hovers around $75.60 per barrel, marking a fifth consecutive day of losses.
Traders factor in a potential US‑Iran interim peace deal, with three Iranian tankers already breaching the US blockade.
Dubai crude entered contango for the first time since January, with a $0.46 discount to swaps; Oman and Murban differentials flipped to discounts of $0.67 and $0.49.
Market sentiment strips out the geopolitical risk premium, keeping near‑term supply outlook ample.

Read on FXStreet ↗ also: FXStreet

Three Iranian tankers moved about 5 million barrels of crude, the first outbound shipment in two months.
Supertankers Diona and Hero 2 carried 3.8 million barrels, while a third tanker added roughly 1 million barrels.
A U.S.-Iran memorandum to end the conflict is slated for signing in Geneva, with expectations of reopening the Strait of Hormuz and lifting sanctions on Iranian oil.
Shipowners and insurers remain cautious; war‑risk premiums stay high and traffic through the strait is expected to stay minimal until the agreement is finalized.
Kpler estimates up to 118 laden tankers could exit the region within 15 days after the deal, but the surge would likely be a one‑off event.

Read on CNBC Top News ↗ also: OilPrice

Brent crude fell below $80 per barrel.
Analysts warn global crude inventories could hit "minimum operational levels" by July.
Reopening of the Strait of Hormuz is unlikely to quickly restore regional production.
Jeff Currie highlighted risk of supply shortages as storage withdrawals accelerate.

Read on OilPrice ↗

Brent crude trades around $78 per barrel, still below the 2022 pre‑war peak of ~$80.
Analysts say sustained Chinese GDP growth above 5% this year is needed for oil to regain pre‑war levels.
OPEC+ production cuts remain in place, limiting supply gains despite weaker demand.
If China’s growth slows below 4.5%, oil could stay under $70 by year‑end.

Read on Investing.com Commodities ↗

460,000‑bpd SATORP refinery running at roughly 70% capacity after April drone strikes
Full restoration not anticipated until early 2027
Reduced Saudi output may tighten global fuel markets despite advancing US‑Iran peace talks
CEO Patrick Pouyanné warned of prolonged supply constraints

Read on OilPrice ↗

Brent crude fell below $80 per barrel, first time since March 3.
Crude prices slid about 30% in a month, from a May 18 intra‑day high.
The sharp oil decline reduces near‑term inflation risk, giving the Fed potential leeway despite a hawkish stance.
2‑year U.S. Treasury yields stayed flat, reflecting investor caution on rate moves.

Read on FXStreet ↗

IEA lowers 2026 global oil demand forecast by 700,000 bpd to 1.1 million bpd YoY
Global supply projected to fall to 102.4 million bpd in 2026 then jump to 110 million bpd in 2027, creating ~8 million bpd overhang
Brent fell 0.7% to $78.44 and WTI down 1.1% to $75.18 as investors await U.S.–Iran deal
Inventories dropped 143 million barrels in May, total draw of ~3.8 million bpd since conflict began
IEA expects demand recovery of only 2 million bpd in 2027, far below supply increase

Read on CNBC Energy ↗

Diesel consumption from long-haul trucks could remain above recent forecasts, supporting oil demand
Analysts estimate diesel demand could be 1‑2% higher year‑on‑year if truck fuel use stays unchanged
Potential demand shock not yet reflected in crude prices, leaving room for upward price pressure

Read on OilPrice ↗

Natural gas futures closed lower after a choppy trading session
Market awaits the weekly inventory report scheduled for tomorrow
The first named Atlantic storm is expected to influence demand outlook

Read on WSJ Markets ↗

Following the 2014‑15 oil price crash, majors like BP, Chevron and TotalEnergies sold their Canadian oil‑sands stakes.
A Canadian Energy Centre report finds the oil sands now rank among the lowest‑cost producers in North America.
The cost advantage could revive investment in Canadian crude and sharpen competition with U.S. shale.

Read on OilPrice ↗

ExxonMobil and the terminal developer signed a preliminary agreement to supply LNG to the proposed Richards Bay facility.
The terminal, a joint venture of Vopak Terminal Durban and Transnet Pipelines, will be South Africa's first LNG import hub.
The project will enable import, storage, regasification and distribution of LNG for power generation in the region.

Read on OilPrice ↗

Critical Energy secures $22M seed funding to build modular turbines for geothermal power plants
Targeting 2.5MW first project by 2027, aiming for gigawatt-scale output by early 2030s
Geothermal could power ~65% of new data centers by 2030, per recent report

Read on TechCrunch ↗

Spot Brent (4th future) is moving back toward early‑2026 levels following the US‑Iran agreement.
3‑month implied volatility, which peaked on 12 Mar 2026, is now retracing from its 100% stress peak.
The 25% delta call‑put volatility skew shows a slower recovery compared with spot and vol.
Analysts benchmark each metric on a 0‑100 scale, with 0 at the start of 2026 and 100 at the peak stress.

Read on FXStreet ↗

Weeks-long strike at Ichthys LNG facilities in Australia concludes after unions and Inpex reach a pay settlement.
More than 430 offshore, AWU and ETU union members voted to endorse the agreement, allowing Train 1 to restart.
The resolution is seen as a relief for global LNG and gas markets, supporting supply expectations.

Read on OilPrice ↗

May import price rose to 114,076 yen per kilolitre, the highest since 1979, surpassing April's 101,389 yen
Crude import volumes fell 57.3% YoY in May after a 64% drop in April, the steepest decline since 1980
Middle‑East imports plunged 61.9% to 3.967 mln kl, while U.S. imports rose 24% to 576,000 kl
Price in dollars was $114.58 per barrel, the 17th highest on record

Read on Channel NewsAsia Business ↗

At least four Qatar-owned LNG tankers have returned to Ras Laffan, with a fifth en route
Four additional LNG carriers remain idle in the Gulf of Oman, ready to move once the strait reopens
The redeployment anticipates the imminent reopening of the Strait of Hormuz, restoring Qatar's LNG export flow

Read on OilPrice ↗

Sinopec plans to raise shale gas production by roughly 33% over the next decade
China targets 80‑100 billion cubic metres of shale gas by 2030
Shale gas currently accounts for only about 10% of China's total natural‑gas output

Read on OilPrice ↗

US gasoline price projected to stay above 79 cents per litre through 2027
Analyst Patrick De Haan cites oil inventory recovery taking over a year after Iran war disruptions
No price relief expected for US drivers for at least three more years

Read on Al Jazeera ↗

Interim US‑Iran peace deal leaves timeline for non‑crude shipments through the Strait of Hormuz unclear
Crude oil is expected to move through the strait before other commodities such as fertilizer
Fertilizer supplies could stay stranded, raising concerns over global supply constraints

Read on MarketWatch Top Stories ↗

Report focuses on global energy sector developments
Highlights trends across oil, gas and renewables
No specific price or production figures disclosed

Read on Investing.com Commodities ↗

Gold/Metals 21

Gold price holds near $4,332.60 per ounce, little changed on the day
Fed likely to keep the benchmark rate at 3.5‑3.75% and focus on updated projections and the dot plot
US‑Iran cease‑fire framework eases dollar pressure but leaves uncertainty, limiting gold's directional moves

Read on FXStreet ↗ also: FXStreet

Gold rebounds from autumn 2025 low as the dollar weakens and geopolitical risk eases
US consumer inflation stands at 4.2% while employment growth is the fastest since 2023
Fed's June meeting likely to adopt a wait‑and‑see stance, with markets watching how many members signal a rate hike

Read on Investing.com Commodities ↗ also: FXStreet

Central banks have bought an average of 1,000 tonnes of gold per year over the past four years, double the previous decade's average.
Nearly 90% of surveyed central banks expect global gold reserves to rise next year, with 45% planning to grow their own holdings.
Domestic gold storage rose to 9% of respondents in the past year, up from 5% a year earlier; 7% plan to increase domestic storage next year.
Analysts project central banks will buy 750‑1,000 metric tonnes of gold in 2024, supporting market stability.

Read on CNBC Top News ↗ also: FXStreet

Gold supported above $4,300, with bullish targets at $4,350, $4,375, and $4,400
Silver outperforms, gaining 3% this week, with bullish targets at $7.20, $7.40, and $7.50
Crude oil under pressure, with bearish targets at $73.00, $71.50, and $70.00

Read on Investing.com Commodities ↗ also: Investing.com Commodities

Gold steadied above $4,300, near the 38.2% Fibonacci level
Traders await the Fed's FOMC decision, with a 60% chance of a 25 bps rate hike in December
Technical resistance sits at $4,400‑$4,450; support at $4,227 and $4,022
US‑Iran peace framework keeps the dollar defensive, offering modest support to gold

Read on FXStreet ↗ also: Investing.com Commodities

China's Mineral Resources Law took effect this week, giving a legal basis to counter foreign limits on critical minerals.
Analysts warn Beijing could retaliate against export controls or investment restrictions on rare earths, copper and other strategic metals.
The policy underscores China's push to secure supply chains for essential metals amid growing geopolitical tensions.
Potential fallout could tighten global metal markets and affect foreign producers of critical minerals.

Read on Northern Miner ↗

Spot gold rose >2% this week, trading near $4,342 per ounce.
Prices are buoyed by expectations of a US‑Iran peace deal that could resume oil flows through the Strait of Hormuz.
Market largely expects the Fed to keep rates unchanged, focusing on forward guidance from new Chair Kevin Warsh.
Other central banks: RBA left cash rate at 4.35%; BoJ raised its policy rate by 25 bps to 1.0%, a 1995 high.
Technical analysis shows gold in a consolidation around $4,343 with downside targets at $4,188 and $4,000.

Read on Investing.com Commodities ↗

Silver trades around $70.00 per ounce ahead of the Federal Reserve's FOMC statement.
Fed is widely expected to leave rates unchanged; the dot‑plot and projections will shape real yields and the dollar.
Industrial demand from manufacturing, electronics and solar panels provides a second layer of support for silver.
Technical support lies at $69.60‑$69.05, while resistance is near $70.80‑$71.50; a break above could signal further upside.
A more restrictive Fed outlook could lift yields and pressure silver, whereas a balanced stance may sustain its recovery.

Read on Investing.com Commodities ↗

Silver (XAG/USD) trades near $70.40‑$70.50 per ounce, marking a fifth consecutive day of gains
An interim US‑Iran peace agreement in Switzerland is expected to restore oil flows and ease inflation concerns
The Federal Reserve is widely expected to keep its benchmark rate unchanged within the 3.50%‑3.75% range

Read on FXStreet ↗ also: FXStreet

Protesters halted copper concentrate shipments from Oyu Tolgoi on Wednesday
Oyu Tolgoi is a key global copper project, supplying a notable share of world output
Export disruption may delay deliveries and weigh on copper prices until resolved

Read on Northern Miner ↗

Gold is holding near $4,318 per ounce, a key technical support level.
A break below $4,318 could open the path toward $4,200 per ounce.
Resistance around $4,350 limits upside potential in the short term.
Gold has slipped about 1% this week as the U.S. dollar strengthens.

Read on Investing.com Commodities ↗

Gold remains in a sustained bull market, according to CPM Group partner Jeffrey Christian.
He forecasts continued upside for gold amid stable macro conditions.
Christian also notes a neutral outlook for major currencies and steady energy prices.

Read on Northern Miner ↗

Spot gold up 0.8% to $4,338.97/oz, its highest level since June 5
US gold futures rise 0.1% to $4,354.40/oz
Fed rate‑hike expectations soften after interim US‑Iran peace deal, pushing oil prices and inflation fears lower
10‑year US Treasury yield falls >3 bps to 4.43%

Read on FXStreet ↗

Mexico, Peru and China together supplied about 416 million ounces (≈55%) of global silver in 2025.
Global silver deficit widened to 40.3 million ounces in 2025 and is projected at 46.3 million ounces for 2026.
Silver price peaked above $120/oz in Jan 2026 then fell to around $70/oz, reflecting a sharp correction.
Mexico’s output fell 5% for a third year, while Peru rose 7% and Russia jumped 23% to rank fourth.
The market is expected to record a sixth consecutive deficit, keeping inventories under pressure.

Read on FXStreet ↗

Silver fell ~31% over the past month, hitting a low of $61.50 on June 11
The 200‑day simple moving average was retested at $68.58 during the recent rally
Analysts project upside targets between $78.25 and $84.60, with a key resistance at $89.38
A break below $61.01 could complete the bearish double‑zigzag pattern
Current rally is viewed as a corrective bounce within a larger downtrend

Read on Investing.com Commodities ↗

Silver futures trade at $70.29, above the Daily VC PMI mean of $70.14 and weekly mean of $66.25
Support levels: Daily Buy 1 at $68.97 and Daily Buy 2 at $67.93; resistance: Daily Sell 1 at $71.18 and Daily Sell 2 at $72.35
A breakout above $70.90 could lift price toward $72.35, then $73.83, with geometric targets near $75.00 and $77.50
The 90‑day bullish cycle started after the June 10 low of $61.60, indicating upside as long as price stays above $68.97

Read on Investing.com Commodities ↗

Gold price modestly rises on improved sentiment
Easing concerns over energy supply disruptions boost confidence
Higher inflation and interest rates create a supportive backdrop for gold

Read on WSJ Markets ↗

A farm adjacent to historic gold mine tailings has become a new site for illegal mining in South Africa
The activity, dubbed a "zama zama" rush, follows a pattern of similar illicit operations across the region
Authorities warn the expansion could threaten safety and environmental controls around former mining sites

Read on Northern Miner ↗

Gold faces strong resistance at $4355‑$4365; downside target $4335‑$4330 and support near $4310‑$4300.
A break above $4355‑$4365 triggers a buy signal with upside target $4410‑$4420; stop loss above $4575.
Silver trades $69‑$71; resistance at $7200‑$7220, downside target $7080‑$7050 and support around $6905‑$6870.
Break below $4285 for gold could push price to $4273‑$4270; silver break below $6840 risks slide to $6770‑$6740.

Read on Investing.com Commodities ↗

Silver trades at $69.70 per ounce, down 0.47% from $70.03 the previous day
Year‑to‑date decline of 1.95% in silver prices
Gold/Silver ratio increased to 62.04 from 61.85
Silver’s move reflects broader safe‑haven dynamics and USD influence

Read on FXStreet ↗

Gold price in India slipped to INR 13,143.24 per gram, versus INR 13,164.96 yesterday
Price per tola fell to INR 153,299.50 from INR 153,553.50 a day earlier
FXStreet notes Indian gold prices follow USD/INR and move opposite to the dollar and risk assets

Read on FXStreet ↗

Crypto 46

Bitcoin slipped below $65,000, down from near $67,000, as the market awaits the Fed's first decision under Chair Kevin Warsh.
Uniswap's UNI token rose about 20% in 24 hours, trading near $2.75 after Standard Chartered projected a $100 price target for 2030.
Crypto futures volume fell 20% to $165 billion and open interest dropped 2.3% to $110 billion, while liquidations declined 44% to roughly $310 million.
The broader crypto index (CoinDesk 20) lost 1.2% since midnight UTC, with most tokens declining; stablecoin‑related assets fell up to 8%.
Bitcoin's 30‑day implied volatility hovered near 39%, near multi‑week lows.

Read on CoinDesk ↗ also: CoinDesk

Bitcoin ETF outflows total $2.1 bn in June, keeping BTC below $80,000
US 5‑year Treasury yield held at 4.16% as Fed kept rates steady
Brent crude fell to a 100‑day low, raising inflation concerns
Strategy’s STRC preferred equity price weakens amid $142 m monthly dividend strain

Read on Cointelegraph ↗

CME Group plans to file a lawsuit against the CFTC on Thursday, claiming perpetual futures are swaps under Dodd‑Frank.
The CFTC approved Kalshi to launch bitcoin perpetual futures, the first such contracts permitted in the U.S.
CME asserts its exclusive benchmark licensing would require all perpetual futures to be listed through the exchange.

Read on CNBC Top News ↗

Crypto hacks surged past $2.2B stolen since 2022, with audits failing to reduce incidents or losses
80%+ of major exploits target human vectors (phishing, governance, insider threats) rather than code vulnerabilities
RWA perpetual futures volumes hit record highs (+10.4% MoM) as total exchange volumes fell 3.45% to $4.41T in May

Read on CoinDesk ↗

Mexican billionaire Ricardo Salinas Pliego has allocated 70% of his investment portfolio to Bitcoin.
Salinas argues fiat currencies inevitably lose purchasing power and views Bitcoin as a scarce asset akin to gold.
He persuaded his wife to mortgage her house to buy Bitcoin and encourages others to convert home equity into BTC exposure.
Salinas highlights Bitcoin's outperformance of real estate, noting a $1.6M London house needing 4,000 BTC in 2016 vs. under 30 BTC today.
He believes Bitcoin could eventually reach $1 million, though without a specific timeline.

Read on CoinDesk ↗

CoinMENA partners with Standard Chartered for fiat payment infrastructure in UAE
Revolut secures central bank licenses for Stored Value Facilities and Retail Payment Services
UAE digital asset sector matures with growing institutional participation

Read on Cointelegraph ↗

$10.6 bn of Bitcoin options expire on June 26, the largest quarterly expiry.
Only $2 bn (≈20%) of the open interest is in‑the‑money, leaving $8.6 bn OTM.
The max‑pain level sits at $74,000, about 14% above the current price near $65,000.
Key strike exposure: $450 m at the $60,000 put (support) and $406 m at the $80,000 call (upside hurdle).
Put‑call ratio stands at 0.87, with calls slightly outnumbering puts.

Read on CoinDesk ↗

Abdulla Kanoo's ARP Digital aims to streamline cross-border payments among emerging economies
Processed over $3.5 billion in volume for over 450 institutions
Integration with Fireblocks gives access to major institutional digital asset network

Read on CoinDesk ↗

Fed funds futures price an 80% chance of a 25 bps rate hike by December
If dot plot shows fewer than 80% of members projecting a hike, Bitcoin could rise
Bitcoin and Ether volatility indexes are at two‑week lows, indicating calm markets
10‑year Treasury yield fell to 4.43%, supporting risk assets including crypto

Read on CoinDesk ↗

PBOC director Wang Xin urged closer monitoring and stronger regulation of stablecoins.
China banned unauthorized issuance of yuan‑pegged stablecoins on Feb. 6, requiring government approval.
Global stablecoin market cap is about $315 billion after a $8 billion Q1 increase.
Stablecoin transaction volume reached $28 trillion in Q1 2026, accounting for 75% of crypto trading volume.

Read on Cointelegraph ↗

Singapore startup Stables is building AI-native payment middleware to route stablecoin transactions across Asia's fragmented cross-border trade infrastructure.
Stablecoin volumes hit $35 trillion in 2023 and could exceed $700 trillion by 2035, indicating a multi-trillion-dollar opportunity.
B2B e-commerce in the Asia‑Pacific is projected to surpass $28.9 trillion this year, growing at roughly 15% annually.
Approximately 60% of global stablecoin payments flow through the Asian corridor, highlighting the region's relevance for machine‑to‑machine payments.

Read on CoinDesk ↗

SEC is preparing an "innovation exemption" to allow crypto firms to offer tokenized versions of U.S. stocks
Tokenized stock market cap has risen to over $6.4 billion, up from a few million at the end of 2024
Crypto exchanges including Coinbase, Robinhood and Kraken plan to launch tokenized stocks once rules are approved
Critics such as Citadel and SIFMA warn the exemption could divert liquidity and raise investor‑protection risks
SEC chair Paul Atkins may also propose a safe‑harbor rule for crypto capital raises, pending formal rulemaking

Read on Channel NewsAsia Business ↗

Hyperliquid's $10B open interest milestone driven by growth in equity-linked markets and 24/7 accessibility
About $4B of open interest attributable to HIP-3 builder-deployed perpetual markets
Oil, Nasdaq 100, and tech stock-linked contracts among most actively traded products

Read on Cointelegraph ↗

BitGo launches MiCA-compliant crypto infrastructure platform in Europe
Platform allows exchanges to connect to regulated custody, trading, and wallet systems
MiCA deadline looms on July 1, with Binance's license application uncertain

Read on Cointelegraph ↗

Senators demand Treasury include a clear state certification pathway for stablecoin issuers.
GENIUS Act permits states to regulate stablecoins with market value ≤ $10 billion; only Tether, USDC and USDS exceed that threshold.
Treasury's draft rule lacks timeline and procedural details, creating uncertainty for state regulators.
Public comment period closed June 2; final rule to be published in the Federal Register.

Read on Cointelegraph ↗

Gaming groups, including Indian Gaming Association, ask Senate to prohibit sports‑related prediction market contracts in the CLARITY Act
State gaming authorities report $1.08 billion in tax losses since prediction markets began offering sports event contracts
CFTC claims exclusive jurisdiction over prediction markets, a stance the groups argue exceeds its regulatory remit
The CLARITY Act, shifting some digital‑asset oversight from SEC to CFTC, is expected to be voted on by August

Read on Cointelegraph ↗

Kentucky Attorney General filed suit accusing Kalshi and Polymarket of operating illegal sports betting without a license
The lawsuit adds Kentucky to a growing list of states targeting prediction market platforms, despite the state's strong support for Trump
Trump and CFTC Chairman Mike Selig defend federal jurisdiction over prediction markets, opposing state-level actions
The dispute may eventually reach the U.S. Supreme Court, shaping the regulatory outlook for crypto‑based prediction markets

Read on CoinDesk ↗

Fidelity introduced the Fidelity Reserves Digital Fund, a money‑market vehicle for stablecoin issuers, on Thursday
Fund will hold cash, Treasury bills, notes and bonds with maturities of 93 days or less, plus overnight repo backed by Treasuries
Stablecoin market stands at roughly $320 bn and could grow to $1.9‑4 tn by 2030, spurring demand for regulated reserve assets
Launch follows State Street's similar fund, underscoring rising competition among asset managers for stablecoin‑reserve services

Read on CoinDesk ↗

Realized losses fell 46% from February peak, dropping to $1.4 bn in June versus $2.6 bn in Feb
Spot orderbook depth imbalance on Binance shifted to a 0.8 bid‑side ratio, the strongest since Dec 2025
Open interest on Binance reversed by $878 mn, moving to -$620 mn from +$258 mn in 24 h
Realized cap stands at $1.07 tn, down 1.45% over the past 90 days
Seven‑day moving average realized loss now around $558 m, indicating reduced sell pressure

Read on Cointelegraph ↗

Bybit Fintech Ltd and the Bybit exchange were placed on MAS's Investor Alert List on Wednesday.
MAS said the entities may be mistakenly perceived as licensed or regulated, but gave no specific reason for the listing.
The move follows MAS's recent actions against other crypto firms, including revoking Bsquared's license and charging a former Hodlnaut CEO.

Read on Cointelegraph ↗

Blockchain.com listed 173 new tokenized stocks and ETFs, raising total offerings to over 430 across Ethereum, Solana and BNB Chain
Tokenized equities market value climbed to $1.57 billion, nearly fivefold the $330 million level a year earlier
Ondo Finance backs the launch, overseeing about $3.8 billion in distributed assets across 267 tokenized products
SpaceX tokenized products drew $557 million in USDC deposits, though some exchanges cancelled allocations and issued refunds

Read on Cointelegraph ↗

Altcoin spot demand fell to its weakest level in six years, with $266 bn net selling on centralized exchanges (June 16).
Altcoins made up 51% of Binance futures volume, outpacing Bitcoin (28.85%) and Ether (20.20%) on June 16.
One-year cumulative buy-sell balance for altcoins (ex‑BTC/ETH) dropped to –$266 bn, a new low.
Stablecoin exchange supply ratio stayed between 0.40‑0.46, while Binance holds ~25‑30% of total stablecoin supply.
Binance’s pre‑IPO perpetual volume surged to $10.3 bn in June, 20× May’s level, controlling ~83% of the segment.

Read on Cointelegraph ↗

Botanix announced winding down, saying programmable Bitcoin "did not work" in the current market.
Bitcoin DeFi TVL stays below $5 bn, far less than Ethereum's ~$39 bn despite Bitcoin's larger market cap.
Rootstock holds about $101 m TVL and Citrea's stablecoin market cap is under $1 m, showing limited demand for Bitcoin smart‑contract platforms.
Builders urge focus on Bitcoin‑backed lending and custodial‑preserving products rather than general‑purpose layer‑2 ecosystems.

Read on CoinDesk ↗

FIFA Collect issued over 100,000 Right-to-Buy (RTB) tokens on Avalanche.
More than 50,000 Club World Cup tickets were distributed via RTB bundles.
Secondary-market trading of RTB/RTT tokens has exceeded $25 million, with $15 million in RTT volume.
The blockchain model shifts ticket resale from third‑party platforms to FIFA's own ecosystem.

Read on CoinDesk ↗

Illinois budget adds a 0.2% tax on any business activity involving digital assets
Tax applies to firms with gross receipts of at least $100,000 and is projected to raise about $60 million
Effective Jan. 1, 2027; legislature is out of session, limiting short‑term amendment prospects
Crypto industry argues the levy puts digital‑asset services at a disadvantage versus traditional securities

Read on CoinDesk ↗

Index providers are creating transparent benchmarks, enabling institutional investors to measure crypto performance
Morgan Stanley's bitcoin ETF amassed $230 million in assets within a month, signaling strong demand
Staking yields cited: ether around 3% and Solana over 5%, attracting yield‑seeking investors
Legislative proposals (GENIUS Act, CLARITY Act) aim to clarify stablecoin and market‑structure regulation

Read on CoinDesk ↗

Conio received a CASP licence from Consob and the Bank of Italy under the MiCAR framework
Licence permits custody, transfer and placement of digital assets for retail investors and institutions
Authorisation precedes the MiCAR transition deadline of 30 June 2026, after which unlicensed firms will be barred
Conio will target banks, fintechs and companies with white‑label tokenisation and digital asset management solutions

Read on Channel NewsAsia Business ↗

Moody's partnered with Alphaledger to extend its Token Integration Engine to Solana (SOL).
Issuers can embed Moody's credit ratings directly into tokenized bonds onchain.
The rollout follows a pilot that attached municipal bond ratings to Solana and targets institutional adoption.
Tokenization market could reach $18.9 trillion by 2033, according to BCG and Ripple.

Read on CoinDesk ↗

Trace Finance raised $32 million in a Series A led by CoinFund, with participation from Coinbase Ventures, Jump Capital and Paxos.
The firm plans to extend its stablecoin settlement infrastructure across Latin America, the US and Asia‑Pacific after processing over $10 billion in transaction volume.
Stablecoin market capitalization is about $315 billion as regulators in the US, Hong Kong and China intensify policy discussions.
The company previously raised $4.3 million in a 2022 seed round, highlighting rapid capital growth.

Read on Cointelegraph ↗

Bitcoin dropped to $64,500, the lowest level for the current weekly candle.
QCP Capital warned that Strategy may need to sell more BTC after its $1.5 billion convertible note buyback.
Strategy sold 32 BTC in May, extending its liquidity runway.
Fed Chair Kevin Warsh’s first meeting shows no odds of a rate cut, keeping monetary‑policy uncertainty high.

Read on Cointelegraph ↗

Ready's USDC card service has been restricted for users outside the European Economic Area (EEA) due to a change in its card provider.
Users reported receiving rapid deactivation notices, losing access to their cards within hours, leading to criticism over communication.
The previous issuer-side partner was Kulipa; the new provider remains undisclosed.
Ready is a self-custodial crypto wallet, with the card primarily using USDC, converting it to fiat via Mastercard's network at point of sale.
Users will receive automatic refunds for any remaining subscription period within 10 business days.

Read on Cointelegraph ↗

BCH drops 3.1%, leading CoinDesk 20 Index lower
CoinDesk 20 down 1.5% (-26.19) since Tuesday
UNI (+2.5%) and XLM (+2.3%) among leaders

Read on CoinDesk ↗

Inveniam to acquire Mantra, a blockchain project recovering from OM token collapse
Transaction follows $20 million strategic investment in Mantra in August 2025
Acquisition expands Inveniam's presence in infrastructure at the intersection of RWA tokenization and AI

Read on Cointelegraph ↗

Federal prosecutors schedule potential retrial for Tornado Cash co‑founder Roman Storm for late Oct‑Nov 2026.
Judge gives prosecutors until mid‑August to respond to former Celsius CEO Alex Mashinsky’s motion to vacate his 12‑year sentence.
A US soldier accused of insider trading on Polymarket is slated for a Dec 7, 2026 jury selection, highlighting scrutiny of prediction‑market platforms.
The cases underscore legal risks for crypto developers and platforms, potentially affecting market sentiment.

Read on Cointelegraph ↗

Around 20% of Bitcoin's supply now sits between $60,000 and $70,000, indicating a cost‑basis cluster.
A daily bear flag could trigger a breakdown to $53,500 if BTC fails to stay above $60,000.
Bitcoin's profit‑supply metric has entered a historic capitulation zone, seen only at prior market bottoms.
A close above the 20‑day EMA at $66,420 may lift BTC toward the 50‑day EMA near $70,250.

Read on Cointelegraph ↗

Bitcoin fell below $65,000, hitting an intraday low of $64,782 ahead of the FOMC.
Traders view $64,000 as near‑term support; a break could retest $60,000 lows.
$55,000 remains a target if bearish momentum persists.
The meeting is the first under new Fed chair Kevin Warsh, adding macro uncertainty.
Historical patterns show more bearish than bullish moves on Fed decisions.

Read on Cointelegraph ↗

MiCA compliance deadline for European crypto firms is the end of June 2026
BitGo's Crypto-as-a-Service platform enables firms to onboard clients to MiCA‑compliant sub‑accounts with minimal KYC work
Europe hosts over 3,000 crypto firms; roughly 75% could lose registration after the deadline
BitGo charges a monthly minimum of about $1,000, with variable or fixed‑fee pricing options
As of May 2026, 194 CASP licences have been granted in Europe

Read on CoinDesk ↗

House and Senate agree on the 21st Century Road to Housing Act, prohibiting the Federal Reserve from creating a CBDC until Dec 31 2030.
The legislation also bars institutional investors from buying existing single‑family homes for rental purposes and heads to a House vote after June 23.
A carve‑out allows dollar‑denominated stablecoins that are open, permissionless and private, echoing the 2025 Trump executive order on CBDCs.
The deal clears the way for the crypto‑regulating CLARITY Act to advance before the August recess and November elections.

Read on Cointelegraph ↗

Fairshake PAC spent over $12 million supporting Barry Moore in the Alabama Senate runoff.
Moore secured the primary with roughly 56% of the vote.
Crypto PACs reported about $164 million cash on hand after April filings.
Fairshake also contributed $735,000 to Kevin Hern’s successful Oklahoma Senate primary.

Read on CoinDesk ↗

Sharpe ratio fell to -20 on June 11, a level that preceded past cycle lows in 2015, 2018‑19 and 2022‑23
Accumulator wallets absorbed roughly 125,000 BTC in the first half of June
Exchange reserves dropped about 80,000 BTC since February, now around 2.71 million
Whales withdrew more than 11,000 BTC from exchanges in the last 24 hours
Upcoming FOMC decision will test whether the floor holds or a rebound begins

Read on CoinDesk ↗

Gov. JB Pritzker approved a $55.9 billion budget that adds a 0.2% privilege tax on all crypto transactions.
The tax, applied to any digital‑asset activity on registered platforms, is projected to generate over $800 million in revenue.
Crypto industry groups argue the measure singles out digital assets and could drive innovators out of the state.
Illinois becomes the only U.S. state to impose a transaction tax on crypto, unlike stocks, bonds or derivatives.

Read on Cointelegraph ↗

XRP dropped 3.3% in 24‑hour session, falling from $1.2619 to $1.2205.
Price slipped below the $1.22‑$1.23 support zone, with heavy volume of 87.5 million XRP.
Key support now at $1.20; loss of $1.22‑$1.23 raises risk of further pullback toward $1.15.
XRP ETF inflows reached $10.68 million, bringing cumulative inflows to about $1.44 billion.

Read on CoinDesk ↗

HYPE open interest rose to $3 bn, up 32% week‑over‑week.
HYPE token rallied 44% in five days, reaching a $76.90 high.
Hyperliquid DEX holds 53% share of perpetual trading volume; TradFi contracts exceed $2.9 bn in open interest.
Funding rates on HYPE perpetuals stayed below the 6% neutral threshold, indicating weak bullish leverage.
HYPE circulating supply is 253.41 m, giving a fully diluted value of $71.3 bn, comparable to Aon Plc’s $70 bn market cap.

Read on Cointelegraph ↗

Republican Sen. Cynthia Lummis and Democrat Sen. Rubén Gallego co‑sponsor a non‑binding resolution to block any pardon for Sam Bankman‑Fried.
Bankman‑Fried is serving a 25‑year sentence after being convicted on seven felony counts tied to the FTX collapse.
A federal appeals court recently upheld the conviction, leaving a presidential pardon or Supreme Court appeal as his only remaining options.
President Donald Trump has publicly said he has no plans to grant a pardon to Bankman‑Fried.

Read on Cointelegraph ↗

Root Reborn would let validators reinvest staking rewards into selected subnets instead of selling them for TAO
The change creates compounding baskets, aiming to curb constant selling pressure on subnet tokens
Initial code review flagged two serious issues, which the author says have been fixed before any mainnet release
TAO token has fallen 28% over the past 12 months, with a staking yield of roughly 17% per year

Read on CoinDesk ↗

STRC price dropped 3.58% to $91.79, 8.2% below its $100 target
Strategy bought 1,587 BTC (~$100 million) last week, raising holdings to 846,842 BTC
Effective yield on STRC rose to 12.5% after the dip, versus about 13% on competing SATA shares
MSTR stock fell 6.35% to $122.81, down 67% over the past 12 months

Read on Cointelegraph ↗

Geopolitics 92

US and Iran signed the "Islamabad Memorandum of Understanding" to end the war in the Strait of Hormuz
The pact mandates an immediate cease‑fire and the reopening of the strategic oil shipping lane
Reopening could remove the 2‑3% price premium on crude caused by the conflict
Agreement released after criticism over the Trump administration's prior lack of transparency
Implementation and compliance monitoring are expected to begin within days

Read on SCMP Economy ↗ also: SCMP Economy·Al Jazeera

US President Trump stated the recently announced Iran deal framework is "not final," calling it a "memorandum of understanding."
He indicated that negotiations are still ongoing and he must be satisfied with the final terms.
Trump warned that if he dislikes the final terms, the situation could rapidly deteriorate.
He explicitly threatened a potential return to military conflict, stating, "If I don’t like it, we’ll go back to shooting at them, dropping bombs."

Read on SCMP Economy ↗ also: CNBC Top News·MarketWatch Top Stories

G7 leaders to boost Ukraine's air defences with additional systems and interceptors
Sanctions to be tightened on Russian oil and gas sectors
US to consider extending licenses to Ukraine for military production

Read on Al Jazeera ↗ also: Bangkok Post Most Recent

Iran to allow toll-free passage of commercial ships for 60 days
US to lift naval blockade of Iranian ports immediately after signing MOU
Future administration of Strait of Hormuz to be defined through dialogue with Oman and Gulf states

Read on CNBC Energy ↗

Trump hints the Iran MOU signing scheduled for Friday could be delayed or cancelled
He warned the U.S. could resume bombing Iran if it "does not behave"
The MOU, digitally signed on Sunday, includes a $300 billion reconstruction plan and sanctions waivers for Iran's fossil fuel sector
The agreement would reopen the Strait of Hormuz and lift the U.S. naval blockade, but final terms remain unsettled

Read on Al Jazeera ↗

China has become a crucial global crossroads, facilitating interactions between major powers like the US and Russia, but not dictating terms.
High-profile visits by US President Trump and Russian President Putin to Beijing underscore China's indispensable role, yet do not signify its sole dominance.
Beijing's diplomatic strategy involves distributing access and symbolic status, allowing other powers to retain their strategic autonomy.
Domestic political factors, including preparations for the 21st Chinese Communist Party Congress, influence Xi Jinping's preference for home-based diplomacy.
Chinese state-run think tanks describe Sino-American relations as a 'strategic stalemate' and focus on 'regular risk management' rather than confident leadership.

Read on The Diplomat ↗

India's relationship with the US is neither an alliance nor a rivalry, occupying an ambiguous space.
Recent incidents, including the deaths of Indian nationals in US military actions, have exacerbated tensions.
The Quad's Foreign Ministers' Meeting in May emphasized practical cooperation and strategic continuity.

Read on The Diplomat ↗

Iran's first crude oil exports in two months detected by TankerTrackers
3.8 million barrels of Iranian oil exited the blockade line on Tuesday
US to allow Iran to sell oil and fuel immediately after signing MoU

Read on Al Jazeera ↗

US and Iran to sign a 14‑point MOU on Friday, declaring immediate and permanent termination of military operations on all fronts, including Lebanon
The deal calls for lifting the US naval blockade and reopening the Strait of Hormuz within 30 days, with commercial vessel traffic to resume
A $300 bn reconstruction plan and sanctions waivers for Iran’s fossil‑fuel industry are to be negotiated, with a 60‑day window to finalize a final nuclear agreement

Read on Al Jazeera ↗ also: Al Jazeera

EU members unite on urgent plan to counter perceived Chinese-driven deindustrialisation in Europe
A new, tougher trade strategy is being drafted, potentially adding multiple new instruments and faster deployment of existing measures
The approach may be modelled on recent US actions, signaling a more confrontational stance toward China

Read on SCMP Economy ↗ also: SCMP Economy

Iran says Israel has violated the Lebanon truce 84 times since the US‑Iran memorandum
Israeli forces killed four people in southern Lebanon
US President Donald Trump urged Netanyahu to be "more responsible" in Lebanon
Iran warned of a "harsh response" if attacks continue

Read on Al Jazeera ↗ also: Al Jazeera

Trump quipped he'll take credit if the Iran MOU works, but will blame JD Vance if it doesn't
The MOU calls for an immediate end to Israeli actions in Lebanon and a 60‑day toll‑free reopening of the Strait of Hormuz
Agreement includes 14 points, notably disposal of Iran's highly‑enriched uranium stockpile
Republican senators Bill Cassidy and Thom Tillis denounced the deal, citing $100 billion spent, two F‑18 losses and 13 U.S. deaths
Negotiations are slated to conclude within a maximum of 60 days, extendable by mutual consent

Read on CNBC Top News ↗

Parliament approved the 'Return of Migrants' bill by a 418 to 218 margin
Right‑wing MEPs chanted 'send them back' while left‑wing members protested with 'shame on you'
The law aims to tighten asylum procedures and may heighten political tensions across the EU

Read on Al Jazeera ↗

Iran's foreign ministry says a memorandum of understanding could be signed in Switzerland by President Masoud Pezeshkian and Donald Trump.
The MOU includes an initial 60‑day negotiation window, extendable, and a commitment to end the naval blockade in the Strait of Hormuz within 30 days.
Both sides agree to negotiate a final agreement within 60 days, with the US to partially waive sanctions on Iran upon signing.
Iran and Oman will cooperate on a mechanism to manage Strait of Hormuz traffic, with toll‑free transit for 60 days.

Read on Al Jazeera ↗

Ukraine has opened the first phase of EU membership negotiations.
Accession talks aim to secure political guarantees amid the ongoing war with Russia.
EU will require reforms, notably anti‑corruption measures, before membership can be granted.
Russia has historically opposed Kyiv's deeper integration with the West.

Read on Al Jazeera ↗

President Trump announced a purported Iran agreement on Sunday, describing it as a comprehensive win.
Analysts argue the deal is vague, lacking concrete verification steps and timelines.
The claimed resolution could affect the strategic Strait of Hormuz and regional oil flows.

Read on SCMP Economy ↗

Shipping firms hesitant to navigate Strait of Hormuz despite U.S.-Iran agreement
Trade volumes unlikely to return to full capacity until next year
Need 'fairly robust string of evidence' for safe passage

Read on OilPrice ↗

20‑25% of global maritime trade and ~29% of oil shipments transit the Strait of Malacca.
A US‑China confrontation could impose selective inspections and cargo restrictions, creating a conditional transit corridor.
Key risk variables: intensity of US‑China tensions, sanctions escalation, ASEAN political cohesion, insurance premiums, and alternative route capacity.
Rerouting via Lombok or Sunda Straits would raise costs, delay shipments, and face congestion risks.
ASEAN's ability to sustain neutrality is the critical vulnerability, with economic fallout potentially exceeding a short kinetic closure.

Read on The Diplomat ↗

US President Donald Trump hints at prioritizing Ukraine conflict resolution
Trump met with Ukrainian President Volodymyr Zelenskyy at the G7 summit
Recent US efforts to broker peace in Ukraine have largely stalled

Read on OilPrice ↗

Delhi police uncovered ISI‑operated Chinese CCTV network spying on defense sites in five states
Over 90% of India's 2 million surveillance cameras were Chinese-made; 274,000 Hikvision units installed in Delhi between 2020‑22
April 2026 ban on non‑certified internet‑connected cameras lifts domestic brands to >80% market share
Audit and STQC certification mandated, but network video recorders and cloud platforms remain unregulated

Read on The Diplomat ↗

Finance Minister Bezalel Smotrich announced Israeli takeover of planning and construction powers for the Ibrahimi Mosque and nearby settlement areas
The move revokes the 1997 Hebron Agreement clause that gave the Palestinian Authority oversight of planning for the entire city, affecting the H2 zone (20% of Hebron)
Observers warn the change could heighten tensions in Hebron, the most volatile West Bank city, and may increase settler‑Palestinian clashes
Israel's foreign ministry later clarified the Hebron Agreement itself was not fully cancelled, only coordination on construction permits was removed
The decision follows earlier cabinet steps to ease settlement land purchases and expand Israeli enforcement in the West Bank

Read on Al Jazeera ↗

China to incorporate blocking and countermeasure provisions into financial legislation
Expansion of legal tools to counter 'improper extraterritorial sanctions'
Move aims to protect China's financial system and companies from US sanctions

Read on SCMP Economy ↗

Philippines confirms removal of floating platform from Scarborough Shoal
China maintains sovereignty over the shoal, despite 2016 arbitral tribunal ruling
Tensions between the two countries remain high, with China imposing sanctions on Philippine Defence Secretary

Read on Bangkok Post Most Recent ↗

OpenAI, Anthropic and Google DeepMind CEOs will attend a G7 lunch in Evian
Discussions will focus on frontier AI risks, infrastructure, sovereignty and child online safety
U.S. export controls on Anthropic's Fable 5 and Mythos 5 models raise AI access tensions among G7 allies
Tech leaders aim to secure voluntary AI safety commitments before any binding regulations

Read on CNBC Top News ↗

Escalation in the Middle East raises concerns over logistics and energy security
The conflict accelerates the shift toward renewable energy sources
China emerges as a primary beneficiary as governments rethink fossil fuel reliance
Approximately 20% of global oil trade transits the Strait of Hormuz, underscoring supply vulnerabilities

Read on SCMP Economy ↗

UK exports to EU fell by 15.1% in 2022, compared to 2019 levels
Trade barriers and regulatory differences remain major challenges
UK exporters still grappling with new customs procedures and paperwork

Read on Investing.com News ↗

Deal creates a $300 billion fund for Iran-related projects
More than 50% of the fund—over $150 billion—has already been committed
Commitments come from a mix of sovereign and private investors, according to the source

Read on Investing.com News ↗

G7 leaders agreed to coordinate policies to cut reliance on China for critical minerals
The group will promote diversification of supply chains for rare earths, lithium and other key inputs
Efforts aim to secure stable access for industries such as clean energy and high‑tech manufacturing

Read on Investing.com News ↗

G7 leaders will discuss AI security and social media risks on the summit's final day
UK to ban social media for children under 16; France is considering a similar restriction
OpenAI CEO Sam Altman, Anthropic's Dario Amodei and Mistral AI's Arthur Mensch will join leaders for lunch
President Trump will dine with Macron at Versailles after the summit, marking his full attendance
Iran nuclear deal slated for signing in Switzerland on Friday, alongside Ukraine peace talks

Read on Bangkok Post Most Recent ↗

The United States has held off blacklisting DeepSeek, CXMT and more than 100 other Chinese companies on the Commerce Department's Entity List.
An interagency committee approved the additions last year, but no new listings have been published since October, the longest gap in over a decade.
Sources say at least 75 Chinese entities in advanced semiconductors and AI were slated for blacklisting.
The pause reflects concerns about escalating U.S.-China tensions despite national‑security concerns.

Read on CNBC Top News ↗

Taiwan's foreign minister Lin Chia‑lung said on June 17 2026 that Taiwan will deepen cooperation with the Philippines to counter Chinese maritime pressure.
The push targets Beijing’s recent steps to normalize coercive actions at sea in the South China Sea.
Lin urged democratic nations to “not turn a blind eye” to China’s behavior, emphasizing a broader regional partnership strategy.

Read on Nikkei Asia ↗

President Trump halted the Senate hearing on Jay Clayton's nomination as Director of National Intelligence
The pause aims to ensure Clayton's current role as U.S. Attorney for the Southern District of New York is filled by Trump's choice
Clayton, former SEC chair, was selected by Trump for the DNI position

Read on SCMP Economy ↗ also: CNBC Top News

Restore Britain launched in February by businessman Rupert Lowe, with backing from Elon Musk
Party adopts a tougher anti‑immigrant stance, positioning itself further right than Reform UK
Aims to split the hard‑right vote in Thursday's special election, potentially impacting Labour's prospects

Read on SCMP Economy ↗ also: Al Jazeera

President Trump advises Israeli PM Netanyahu to use a softer touch on Lebanon
Israeli air strikes persist in southern Lebanon despite ongoing conflict
The United States and Iran have reached an agreement to end the war on all fronts

Read on Al Jazeera ↗

Judge Ann Donnelly rules Meng Wanzhou's 2021 statement can be used against Huawei in the pending US case
Admission concerns Huawei's alleged illegal business with Iran and alleged bank‑fraud violations
Jury selection scheduled for September 8, with potential implications for US‑China sanctions enforcement

Read on Al Jazeera ↗

Barry Moore secured 55.8% of the vote in the Alabama Republican Senate runoff, beating his opponent 44.2%
Crypto-aligned PAC Defend American Jobs spent over $12 million on media ads to back Moore's candidacy
Fairshake-affiliated PAC reports a $193 million war chest and may have spent more than $40 million on pro-crypto candidates nationwide
Moore will face Democrat Everett Wess in the November general election for the U.S. Senate seat

Read on Cointelegraph ↗

Lula warned Trump against meddling in Brazil's October presidential vote
Lula faces Flavio Bolsonaro, son of former president, in a tight race
Trump has previously imposed tariffs on Brazilian goods and voiced support for the Bolsonaro family
Eduardo Bolsonaro was sentenced to four years for alleged US interference in Brazil's justice system

Read on Al Jazeera ↗

Residents returned to Tulkarem camp after more than a year of forced displacement
Homes and streets largely destroyed after months of Israeli military operations
Families could only salvage limited belongings under the watch of Israeli soldiers

Read on Al Jazeera ↗

Three State Emergency Service rescuers were killed in a secondary Russian strike on a fire site in Kharkiv.
The attack raised the total death toll among rescuers to five workers from the same incident.
The strike occurred on June 17, 2026, underscoring ongoing risks to emergency personnel in conflict zones.

Read on Al Jazeera ↗

US naval forces killed three Indian sailors near Oman
Trump and Modi met for first bilateral talks in 16 months to address the incident
Both leaders said they will continue cooperation on commercial vessel security

Read on SCMP Economy ↗

Iran's foreign minister announced an interim deal to end the war with the United States.
More than three months of US and Israeli air strikes and a port blockade have deepened Iranian hardship.
Iranians continue to monitor spending closely as years of sanctions keep the economy strained.

Read on SCMP Economy ↗

US Navy moved the USS Tripoli amphibious strike group from a planned deployment to the Middle East to the South China Sea
The redeployment ends months of asset shifts toward Iran following the Iran conflict
Analysts say the move signals a renewed US focus on the Pacific amid growing regional tensions

Read on SCMP Economy ↗

Trial of former head of Kyrgyzstan's State Committee for National Security Kamchybek Tashiev and others begins with open hearings
Defendants demand maximum transparency, with some calling for medical evaluations and changes to pretrial detention
Witnesses testify on the reception of the 'Letter of 75' in February, with verbal clashes between Tashiev and witnesses

Read on The Diplomat ↗

Lebanese President Aoun stated that negotiations with Israel in Washington are independent of the US-Iran deal.
Lebanon and Israel have been holding direct talks in Washington since April to end hostilities.
The talks aim to separate the Israel-Hezbollah conflict from broader regional issues.
A recent US-Iran deal, announced Monday, reportedly includes Lebanon, according to Iran and Pakistan.

Read on SCMP Economy ↗

Delegates from major US farm‑belt states joined counterparts from Henan province in a subnational cooperation dialogue
The meeting follows President Trump's recent visit to Beijing and precedes the US midterm elections
US State Department issued a statement noting the talks occur under a cloud of tension over an American's arrest

Read on SCMP Economy ↗

New National Intelligence Council (NIC) and National Intelligence Bureau (NIB) approved to centralize Japan's fragmented intelligence apparatus
Reforms aim to break bureaucratic silos among MOD, MOFA, and NPA, but face public distrust over militarism and civil liberties concerns
China-Japan tensions cited as catalyst for reforms, though public skepticism persists over transparency and oversight

Read on The Diplomat ↗

Afghan government workers ordered to switch off smartphones
Ban reportedly issued by Supreme Leader Hibatullah Akhundzada
Employees face sack and jail if they fail to comply

Read on SCMP Economy ↗

Lee Jae-myung first South Korean president to visit Brussels in 8 years, signing EU Digital Trade Agreement
EU-South Korea joint statement condemned North Korea's military support for Russia's war in Ukraine
Lee elevated South Korea-Italy ties to special strategic partnership with 2030 joint action plan
South Korea invited to G7 summit for second consecutive year, discussed AI disparities and development gaps

Read on The Diplomat ↗

1996 book "China Can Say No" marked early Chinese pushback against Western influence
Three decades later, China wields strategic leverage in global supply chains
China dominates rare earth mineral markets, a critical input for high‑tech and green technologies
Beijing's confidence is evident in forceful countermeasures to Western claims

Read on SCMP Economy ↗

China will dispatch humanitarian aid to Lebanon
China will also provide aid to Iran
Beijing says it is deeply saddened by the humanitarian disaster and seeks to foster regional peace

Read on Al Jazeera ↗

Russian caricaturist Semyon Skrepetsky (real name Robert Kuzovkov) was fatally shot in eastern Poland.
Prime Minister Donald Tusk labeled the killing as likely a political murder.
Tusk warned that if Russia commissioned the act, it would have serious international ramifications.
The incident heightens concerns over safety of dissident artists and could strain Poland‑Russia relations.

Read on SCMP Economy ↗

Michael DeSombre, senior US official for East Asia, will meet the American Chamber of Commerce in Hong Kong
The meeting suggests a possible softening of Washington's stance toward Hong Kong
US officials declined to comment publicly, indicating the discussion is still preliminary

Read on SCMP Economy ↗

Fans from Algeria, Bosnia and other nations displayed Palestinian flags at World Cup games
Chants supporting Gaza were heard in Kansas City during the Algeria‑Argentina match
The displays underscore the ongoing Gaza conflict's visibility on a global sporting stage

Read on Al Jazeera ↗

Sherwin Gatchalian won the Senate presidency with 13 of 24 votes
The vote ousted ally of former President Rodrigo Duterte from Senate leadership
Vice President Sara Duterte-Carpio faces an imminent impeachment trial
Alan Peter Cayetano, a key Duterte supporter, conceded defeat

Read on SCMP Economy ↗

Yoshitha Rajapaksa, 38, was detained by the anti-bribery commission on Wednesday.
He is accused of diverting state funds to finance overseas training during his naval career.
Investigators allege he advanced without proper qualifications and received government‑funded trips to Britain.

Read on SCMP Economy ↗

China published a white paper titled “More Just and Equitable Global Governance” outlining its principles for AI and space
The document urges the United Nations to retain a “central” role in governing emerging sectors such as artificial intelligence and outer space
Beijing frames its proposal as a push for a “more just and equitable” world order amid growing competition over frontier technologies

Read on SCMP Economy ↗

Russian frigate Admiral Grigorovich fired warning shots about 20 nautical miles south of the Isle of Wight, outside UK territorial waters.
PM Keir Starmer called the incident "reckless" and "deeply concerning" but said it was not linked to the recent seizure of a Russian shadow‑fleet tanker.
The episode unfolded as G7 leaders met in France to increase pressure on Russia over its war in Ukraine.

Read on Al Jazeera ↗

London event at Edgware United Synagogue advertised homes in West Bank settlements such as Givat Zeev, Maale Adumim, and East Jerusalem
More than 100 British MPs signed a letter urging the government to block the fair, calling the sales of occupied Palestinian land unacceptable
Police arrested 15 protesters outside the venue during demonstrations against the settlement property sales
Agents highlighted price discounts due to the Gaza war and avoided mentioning Palestinians inside the fair

Read on Al Jazeera ↗

Pacific Partnership 2026, the Navy's biggest annual humanitarian effort, began on May 27 from San Diego
Mission centers on maritime humanitarian and civic assistance across Southeast Asian nations
Analysts view the deployment as a soft‑power move to rebuild confidence and counter China's regional influence

Read on SCMP Economy ↗

Illegal cyber activities account for 1/3 of all crimes in some Asian countries
Scams are the most widespread and financially damaging online crimes
Interpol describes online crimes as 'persistent, large-scale challenges'

Read on SCMP Economy ↗

Mike Collins, endorsed by Trump, won Georgia's Republican Senate runoff, beating Derek Dooley.
Trump-backed Burt Jones lost the Georgia governor runoff to billionaire Rick Jackson, who spent over $100 m versus Jones' $30 m.
In Alabama, Trump-endorsed Barry Moore secured the Senate nomination and is favored to win the general election.
Kevin Hern, backed by Trump, captured 63.7% of the Oklahoma Senate primary vote; the governor primary headed to a runoff.

Read on Al Jazeera ↗

A US Navy strike in Yemen resulted in the deaths of three Indian Navy sailors.
India's External Affairs Minister S. Jaishankar raised a strong protest in a call with US Secretary of State Marco Rubio.
The lack of a US apology has heightened diplomatic tensions between the two countries.

Read on SCMP Economy ↗

2,029 landmine casualties reported in Myanmar in 2025, almost twice the 2024 total
Children made up over 20% of 1,052 verified civilian casualties in 2023
Rakhine State logged the second-highest casualties with 117 incidents in 2025
Since the 2021 coup, non-state armed groups have also begun using antipersonnel mines
Mines are placed around military bases and in civilian areas such as jungles and villages

Read on The Diplomat ↗

Trump-backed Senate candidate Mike Collins won the GOP primary, advancing to face Democrat Jon Ossoff.
Trump-endorsed gubernatorial candidate Burt Jones lost to healthcare billionaire Rick Jackson, who spent about $100 million of his own money.
The primary highlights a test of Trump's influence ahead of the November midterms, delivering mixed results across the state.

Read on Al Jazeera ↗

Five judges of Hong Kong's Court of Final Appeal unanimously dismissed the challenge.
The ruling upholds a law that criminalises calls to boycott the 'patriots‑only' elections.
Court said the ban is needed to counter organised campaigns that could undermine the election process.

Read on SCMP Economy ↗

Chinese researchers claim a new weapon could engage US carrier groups at roughly 3,000 km distance
US Navy is relocating carrier assets to Guam, beyond the reach of many conventional missiles
Separate science roundup highlights the world's largest whale graveyard as one of seven recent discoveries

Read on SCMP Economy ↗

UN Secretary-General Antonio Guterres accuses the international community of failing Haiti
Gang violence has killed more than 2,300 people in Haiti this year
Thousands of families displaced and essential services disrupted

Read on Al Jazeera ↗

An Indian-flagged oil tanker was trapped north of the Strait of Hormuz for 75 days after US-Iran tensions escalated.
The vessel's 24 crew members faced missile threats and severe psychological stress during the standoff.
Even after the Hormuz shipping lane reopened, the sailors remain traumatized and receive little relief.
The episode underscores the vulnerability of global oil transport routes to geopolitical flashpoints.

Read on SCMP Economy ↗

Microphones at the G7 summit captured informal remarks among world leaders.
Italian Prime Minister Giorgia Meloni disclosed she has quit smoking.
Leaders also joked about football and expressed curiosity about Greenland.

Read on SCMP Economy ↗

A federal judge will weigh a proposed deal to resolve the US sanctions case against Turkish bank Halkbank.
The settlement could drop criminal charges and avoid a trial, though terms have not been disclosed.
Outcome may influence US‑Turkey diplomatic ties and future sanctions enforcement.

Read on Investing.com News ↗

A suspected Russian drone attacked a residential building in Zaporizhzhia, Ukraine
At least seven people were injured in the incident
Fire broke out and emergency services responded to the blaze
The attack highlights the ongoing conflict in the region

Read on Al Jazeera ↗

President Trump reiterated on June 16 that the interim nuclear agreement bars Iran from acquiring a bomb.
He warned that any move by Tehran to develop a nuclear weapon would trigger "hell will rain down".
The comment underscores U.S. commitment to enforce the nuclear non‑proliferation terms of the deal.

Read on Bangkok Post Most Recent ↗

Finance Minister Bezalel Smotrich announced Israel has handed authority over Hebron to the army
The transfer includes control of the Cave of the Patriarchs, a key holy site
Announcement made on 17 June 2026

Read on Al Jazeera ↗

UN monitoring shows cross-border fire incidents in southern Lebanon have fallen sharply since the US‑Iran agreement was announced.
The reduction is described as a significant drop in hostilities, according to UN spokesperson statements.
Iran asserts that Lebanon is covered by the agreement, reinforcing the diplomatic context.

Read on Al Jazeera ↗

June 10 saw Taiwan fire HIMARS rockets westward toward the Taiwan Strait for the first time.
The exercise highlights a strategic move to use mobile strike weapons to disrupt a potential Chinese invasion before shore contact.
Beijing has not yet issued an official response to the launch.
Analysts say the drill reveals Taiwan's intent to increase deterrence amid rising cross‑strait tensions.

Read on SCMP Economy ↗

A US‑Iran ceasefire framework is expected to enable the reopening of the Strait of Hormuz.
Resumption of oil flows could ease pressure on South Korea's energy‑dependent economy.
Seoul faces a diplomatic dilemma over how much to contribute to securing the waterway.
President Lee Jae Myung will raise the issue during his visit to the G7 summit in France.

Read on SCMP Economy ↗

On April 26, an FPV drone hit a vehicle of Ukraine's 32nd Brigade in eastern Ukraine.
The driver was killed instantly; soldier Roman Kryshnya suffered a shattered right arm.
The incident highlights the growing use of drones for targeting ground vehicles in the conflict.

Read on Nikkei Asia ↗

Over the past five years, Taliban policies have closed schools and universities for Afghan girls
Employment opportunities for women have been severely limited, and travel requires a male guardian
A 17‑year‑old girl was compelled to marry and sought refuge in a Kabul women’s shelter

Read on Nikkei Asia ↗

Cheng Li-wun, chairwoman of Taiwan's main opposition party, spent two weeks in the United States.
The trip included meetings with U.S. lawmakers and think‑tanks to promote the KMT’s positions.
She sought to enhance her international standing while addressing lingering questions over Taiwan’s defence policy.
The visit underscores ongoing cross‑strait and U.S.–Taiwan strategic dynamics.

Read on Nikkei Asia ↗

Myanmar's military chief Min Aung Hlaing met Chinese President Xi Jinping in Beijing on June 16.
The visit was his second high‑profile diplomatic engagement in two weeks, bolstering his international legitimacy.
Xi urged the Myanmar leader to pursue a "right path" amid ongoing political turmoil.

Read on Nikkei Asia ↗

Trump says Iran lacks ballistic missiles while neighboring countries possess them
Remarks delivered at the G7 meeting in France
No concrete policy shift announced, just a political comment

Read on Al Jazeera ↗

Applications opened June 18 and will close July 17.
Selection committee of six members (3 Health, 3 Foreign Affairs) set up under a June 12 cabinet resolution.
WHO nomination deadline is Sept 24, 2026; appointment expected in May 2027.
Thailand seeks to enhance its global health standing by securing the WHO top post.

Read on Bangkok Post Most Recent ↗

Abhijeet Dipke, founder of the Cockroach Janta Party, was assaulted in India.
The party, launched just a month ago, has recently attracted media attention.
The attack prompts questions about the movement's future and safety of its leaders.

Read on Al Jazeera ↗

Violent clashes erupted at Durban's Sherwood Hall transit site as Malawian migrants demanded deportation.
South African authorities have fast‑tracked deportation hearings for the migrants.
Malawi's government is seeking donations to fund the repatriation of stranded citizens.

Read on Al Jazeera ↗

Liu Ren, a key figure in Chen Zhi's criminal network, was sent from Cambodia to China.
The Chinese Ministry of Public Security confirmed the extradition on Wednesday.
Chen Zhi, previously extradited to China earlier this year, faces transnational fraud accusations from Beijing and Washington.

Read on SCMP Economy ↗

Two Taiwanese delegates were detained for over 20 hours before being deported from Kenya.
Kenya said its policy "recognises only one China," leading to visa revocations for the delegates.
Taiwan condemned the confiscation of passports and phones, calling the action a violation of human rights.

Read on Al Jazeera ↗

More than 1,100 foreign citizens were granted Russian visas in 2023 for committing to "traditional values".
The visa scheme is part of Moscow's broader anti‑liberal narrative amid the war in Ukraine.
Russian officials portray the program as support for "traditional family values" and reject LGBTQ and mixed‑gender policies.

Read on SCMP Economy ↗

Zhang Shengmin, CMC vice‑chairman, concluded the first‑of‑its‑kind anti‑graft training for senior PLA officers in Beijing.
He urged participants to deepen loyalty to the Communist Party and pursue "political rectification".
The training emphasized ideological transformation and heightened sense of responsibility among senior military officials.

Read on SCMP Economy ↗

Labeling depends on the victors and prevailing narratives of the time
Groups once condemned as terrorists are later celebrated as freedom fighters
Debates over terminology shape current policy and public perception

Read on Al Jazeera ↗

Malaysian tourists filmed strangers in China and called locals “smelly”.
Video posted on TikTok, later deleted after going viral in Malaysia.
Incident sparked debate on travel etiquette and national image.

Read on SCMP Economy ↗

Three people, including a 17-year-old schoolboy, have been killed in protests against the facility.
A court injunction has stopped construction of the planned 50‑bed quarantine centre at Laikipia airbase.
The dispute revives historic grievances over colonial land dispossession and ongoing foreign influence.
US officials say the centre will isolate American citizens potentially exposed to Ebola, prompting sovereignty debates.
The unrest reflects broader Kenyan concerns about foreign military presence and strategic projects.

Read on Al Jazeera ↗

House Democratic leader Hakeem Jeffries asked Secretary of State Marco Rubio to grant a visa waiver for Ana Candida Evora, mother of Cape Verde goalkeeper Vozinha.
Cape Verde citizens previously faced visa bonds of up to $15,000 under Trump-era rules; the bond requirement was recently lifted for World Cup ticket holders.
Evora missed the Spain‑Cape Verde match in Atlanta because the visa cost and processing time made travel impossible.

Read on Al Jazeera ↗

Tech/AI 58

China targets 90% AI penetration by 2030, with 70% by 2027
South Korea has a comprehensive AI statute and tripled AI spending to $6.94 billion
Japan is committing $59 billion to AI R&D, while India has deployed 38,000 GPUs at subsidized rates
Singapore has tripled its AI talent pool target and anchored 70 corporate AI Centers of Excellence

Read on The Diplomat ↗

US administration issued an export control directive forcing Anthropic to suspend access to Claude Fable 5 and Mythos 5 models for all foreign nationals
The action follows a Trump AI executive order that encourages voluntary model sharing but is being applied mandatorily over cyber‑security concerns
Anthropic, valued near $1 trillion and recently filing its IPO prospectus, now faces a regulatory setback despite advocating stricter AI oversight
Company officials are meeting Washington officials to resolve the issue, with no timeline given for model reinstatement

Read on CNBC Top News ↗ also: Ars Technica

US Commerce Secretary met EU officials to address a directive forcing Anthropic to pull Fable 5 and Mythos 5 models.
OpenAI, Anthropic, MistralAI CEOs and reps from Meta and Google DeepMind will join the G7 summit discussions on AI access.
Global equity markets hover near record highs, with the Dow and Nikkei hitting fresh peaks as the Fed rate decision approaches.
SpaceX options show a 15% chance of a 50% rise or a similar chance of a 50% drop over the next three months; shares rose ~5%.

Read on CNBC Top News ↗ also: TechCrunch

A US‑Iran cease‑fire could reopen the Strait of Hormuz, easing oil price pressures.
Finnomena expects a weaker dollar and falling US Treasury yields to boost risk assets.
AI infrastructure, data centres, semiconductors and cloud computing are flagged as primary beneficiaries.
SpaceX developments and continued AI momentum reinforce a bullish outlook for tech equities.

Read on Bangkok Post Business ↗

Anthropic disabled its Mythos and Fable models after a US directive, prompting Chinese AI lab Zhipu to launch an open‑source model.
Zhipu's shares rose following the open‑source announcement, reflecting market reaction to the US export controls.
The episode highlights AI cost concerns, with Chinese models priced at a fraction of US offerings.
Analysts warn the situation could trigger a price war as firms shift to cheaper, reliable AI alternatives.

Read on Channel NewsAsia Business ↗

CPP Investments will invest up to ₹70 bn ($741 mn) in CtrlS for AI‑driven data centre expansion
Deal includes a ₹40 bn ($423 mn) purchase of an 8.2% stake and a ₹30 bn ($317 mn) joint‑venture to build hyperscale campuses
CPP will own 48% of the JV, with CtrlS holding 52%, targeting AI cloud capacity across India
Follows other large commitments such as AirTrunk’s $30 bn plan and Meta‑Reliance’s 168 MW AI data centre
India’s policy incentives, like tax exemptions for foreign cloud providers, aim to make the country a hub for AI infrastructure

Read on TechCrunch ↗

CMA mandates Google to use objective criteria for organic rankings and disclose how results are ordered
Google must enable users to transfer search data to authorised third parties within three months
Implementation deadline: six months for fair‑ranking rules, three months for data‑portability requirement
Google controls over 90% of UK search queries; regulator warns of possible further measures

Read on Channel NewsAsia Business ↗

Google introduced the $99.99 Google Home Speaker, its first stand‑alone smart speaker since 2020.
The device runs Gemini AI, enabling natural‑language and multi‑step commands and a “Continued Conversation” mode.
Google offers a Home Premium subscription at $10/month ($100/year) for advanced Gemini features, with a six‑month free trial.
Pre‑orders are open now with shipments slated for later this month; the speaker is available in Jade, Berry, Hazel and Porcelain colors.

Read on TechCrunch ↗ also: Ars Technica

Frontier coalition raises an additional $915 million, lifting total pledges to $1.8 billion
Anthropic joins the coalition as a new participant
Funding will target ocean alkalinity, biomass removal, enhanced rock weathering and direct air capture technologies
Frontier plans 10‑15 focused bets through 8‑10‑year offtake contracts extending to 2040

Read on Channel NewsAsia Business ↗ also: TechCrunch

Indian government ordered a temporary block on Telegram on Tuesday to curb exam fraud
Telegram, with about 150 million Indian users, challenged the order in Delhi High Court
The ban follows a leaked medical entrance exam affecting roughly 2.3 million students
The restriction was issued under India's IT law citing sovereignty and integrity concerns

Read on Channel NewsAsia Business ↗ also: Channel NewsAsia Business

Parents filed Italy's first collective lawsuit against Meta and TikTok, alleging platform algorithms contributed to a 12‑year‑old's suicide
The suit seeks tighter limits on minors' access and greater transparency of recommendation systems
UK plans to ban social media for children under 16, while EU regulators intensify Digital Services Act enforcement
Meta cites teen‑account safeguards; TikTok says it removes over 99% of content that violates its safety rules

Read on Channel NewsAsia Business ↗ also: Bangkok Post Most Recent

SK Hynix began shipping 12‑layer HBM4E memory samples, featuring up to 16 Gbps per pin
HBM4E offers over 20% better power efficiency compared with previous HBM models
The chips target AI accelerators, reinforcing Nvidia’s supply amid competition from Samsung and Micron

Read on Channel NewsAsia Business ↗

Thailand aims to attract 2.5 trillion baht in semiconductor investment by 2050.
The National Semiconductor Policy Committee plans to train over 230,000 skilled workers for the chip industry.
The Thai Industries Sentiment Index fell to 84.7 in May, its lowest level in 48 months.
SME loan grants contracted 4% year‑on‑year in Q1 2024, indicating tighter credit.
FTI stresses that foreign capital must be paired with domestic technological expertise to build chip design capability.

Read on Bangkok Post Business ↗

NBTC commissioner warns Thailand's communication sovereignty is threatened by OTT platforms, AI and LEO satellite services
Four pillars identified: infrastructure, data, regulatory and content sovereignty, highlighting foreign control of cables, cloud and satellite links
Three priorities proposed: boost domestic digital capabilities, adopt proactive OTT regulations, and deepen regional cooperation to curb external tech influence

Read on Bangkok Post Business ↗

ENISA will hold a meeting with Anthropic on Thursday, June 20
The meeting is set in San Francisco following an invitation from Anthropic
It precedes a U.S. export control directive that forced Anthropic to suspend its most advanced AI models for foreign nationals

Read on Channel NewsAsia Business ↗

CNBC host Jim Cramer names Intel (INTC) his top stock pick
Intel shares have surged over 200% year‑to‑date
Cramer points to rising AI infrastructure demand and Intel's expanding foundry business as future growth drivers

Read on CNBC Top News ↗

Gap between frontier AI models and phone-run models expected to shrink from 2 years to 3 months within a year
Fast financing rounds can occur every 3‑6 months, with valuations rising quickly between rounds
Infrastructure added $400B (web) and $700B (mobile) versus applications adding $3.1T and $3.7T, capturing ~88% of new value
Google AI subscription price cut from $7.99 to $4.99 per month, doubling storage capacity

Read on TechCrunch ↗

Companies pledge functional, error‑corrected quantum computers as early as 2028
Industry consensus had placed practical quantum advantage 5‑10 years out
New trapped‑ion processor details released alongside other incremental advances
Recent algorithmic gains have trimmed some earlier quantum‑supremacy claims

Read on Ars Technica ↗

Anthropic and Google DeepMind CEOs met with G7 leaders, including President Trump, to propose a U.S.-led AI governance coalition.
The talks referenced recent U.S. export controls on Anthropic's Fable 5 and Mythos 5 models and called for structured access to frontier AI systems.
OpenAI CEO Sam Altman and roughly a dozen tech executives attended, urging an international forum for AI standards and risk assessment.
The proposed coalition would restrict chip and component trade that excludes China and coordinate on AI-related cyber and bioterror risks.

Read on CNBC Top News ↗

Tokenmaxxing peaked early 2024 as CEOs urged maximal AI usage
Uber reportedly exhausted its annual AI budget within a few months
Several firms have cut Claude licenses for parts of their organization
Meta discontinued its internal AI leaderboard amid cost concerns

Read on TechCrunch ↗

FTC alleges Genesis Tech generated nearly $700 million through PayPal accounts in the 12 months ending Sep 2025
The network’s apps earned about $250 million in global revenue from early 2023 to mid‑2025
Lawsuit cites use of shell companies in Cyprus and Ukraine to hide assets and evade app‑store fraud monitoring
Consumers faced auto‑renewing subscriptions, hidden charges and difficult cancellation across multiple apps
Case highlights growing enforcement challenges for Apple and Google over subscription‑scam ecosystems

Read on TechCrunch ↗

AI coding agents taught robots to cut zip ties and insert GPUs into motherboard sockets
The ENPIRE agentic harness framework enables autonomous robot training with memory and feedback loops
Developed by Nvidia GEAR lab in collaboration with Carnegie Mellon University and UC Berkeley

Read on Ars Technica ↗

Over 73,000 Fortinet URLs and more than 30,000 devices reported as compromised
Major firms such as Accenture, Comcast, Lenovo, Oracle, Samsung, Siemens and PwC among the victims
Hackers exploited reused or leaked passwords rather than a software vulnerability
The campaign, dubbed FortiBleed, targets devices mainly in India, the United States, Taiwan and Mexico

Read on TechCrunch ↗

Threads launched "Your Algo" on June 16, 2026, letting users set private preferences for 1, 3 or 7 days.
Instagram expanded its "Your Algorithm" feature from reels‑only (Dec 2025) to the full feed, explore and reels.
TikTok's 2024 "Manage Topics" tool now includes AI‑powered Smart Keyword Filters introduced in 2025.
Platforms aim to boost engagement by letting users tailor feeds through AI‑driven customization.

Read on TechCrunch ↗

Kazakhstan signs a $10 billion agreement with Nvidia and an Armenian‑American cloud firm to build a Data Center Valley in Pavlodar.
The initiative supports the nation’s ‘Digital Qazaqstan’ strategy to become a global digital hub by 2029.
The project will focus on AI‑enabled data centers, aiming to boost Kazakhstan’s cognitive economy and attract foreign tech investment.

Read on OilPrice ↗

JPMorgan maintains overweight on Broadcom with a $580 price target, implying ~54% upside from current price
Broadcom shares have fallen ~7% over the past month despite rumors of a delay in its custom TPU v9 AI accelerator
TPU v9 chips are still expected to debut in 2028, supporting continued upside potential
47 of 51 Wall Street analysts rate Broadcom as a buy or strong buy

Read on CNBC Top News ↗

Amazon expects first commercially useful small‑scale quantum computers in 5‑7 years.
Growth is projected to follow a Moore's Law‑like trajectory, scaling qubit capacity annually.
Industry timelines differ: Google cites 5 years, Microsoft targets 2029, Nvidia previously mentioned 15 years.
Amazon's Ocelot chip aims to address quantum error‑correction, a critical challenge for practical deployment.

Read on CNBC Top News ↗

16% of U.S. adults say AI will have a positive impact over the next 20 years, versus 40% who expect a negative impact
67% doubt the U.S. government will meaningfully regulate AI, and 59% distrust companies to develop it safely
44% of adults now use ChatGPT, up from half a year ago, and 25% use AI chatbots daily
Only 14% of adults under 30 view AI's impact positively, the lowest among age groups
Around 50% of Americans do not use AI daily, with 75% of those 65+ never using AI chatbots

Read on TechCrunch ↗

OVHcloud aims to build frontier AI models at an estimated €150‑200 million, far lower than the historic €1 billion cost.
It will develop a suite of models, incorporating the recently acquired DragonLLM startup and training on Jupiter, Europe's fastest supercomputer.
The firm commits to not using client data for training and plans to open‑source the models once they reach sufficient performance.
OVHcloud positions itself as a potential European challenger to Mistral, seeking to become the continent’s second large‑language‑model provider.

Read on Channel NewsAsia Business ↗

XDOF secured $70 million in funding from Thrive Capital, a16z, Spark Capital and others
Company offers data pipelines, collection tools and annotation for robot learning, serving ~20 AI lab customers
Released a dataset of 130,000 robot manipulation trajectories, 300 hours of simulation and 100 hours of evaluations
Plans a three‑tier data pyramid: teleoperation on deployed robots, teleoperated data collection, and egocentric human data

Read on TechCrunch ↗

Pramaana Labs raised $27 million in seed funding, led by Khosla Ventures, to enhance AI reliability.
The startup aims to integrate mathematical formal verification with large language models (LLMs) to reduce errors and hallucinations.
It targets highly sensitive verticals such as law, drug discovery, and tax preparation, where accuracy is paramount.
Pramaana's system uses the open-source LEAN programming language to create a deterministic verification layer over conventional LLMs.
The approach seeks to codify complex domain rules to make AI reasoning more reliable and verifiable.

Read on TechCrunch ↗

40,000 Teslas in the Netherlands are using Tesla's Full Self Driving (FSD) software.
The fleet has logged 24 million km (14.9 million miles) with no serious incidents.
Dutch regulator approved the supervised FSD system on April 10 after 3,000 hours of testing.
Tesla charges €99 (~$115) per month for the FSD subscription after a one‑month trial.
Belgium, Denmark, Estonia and Lithuania have provisionally approved the software based on the Dutch decision.

Read on Channel NewsAsia Business ↗

EU Commission President von der Leyen says it is in US‑EU mutual interest for Europe to use the best AI models
She praises recent US actions to ensure AI companies act responsibly when releasing powerful models
Anthropic disabled its most advanced AI models after a US government order restricting access for foreign nationals

Read on Channel NewsAsia Business ↗

Kazakhstan signed a $10 billion deal with Firebird and NVIDIA to build Data Center Valley, including 100,000 GPUs.
The country established a Ministry of AI, declared 2026 the 'Year of AI,' and passed Central Asia's first comprehensive AI law.
AI is being integrated into public services (crime forecasting, fraud detection) and secondary schools, with pilot programs underway.
Challenges persist in bridging the gap between ambitious initiatives and measurable outcomes, and fostering broader innovation ecosystems.
Human capital development is a focus, with the AI-Sana program introducing over 650,000 students to foundational AI courses.

Read on The Diplomat ↗

Anthropic, Google, and others invest $915M in Frontier to scale up carbon removal
Frontier aims to remove 1 billion tons of CO2 from the atmosphere by 2030
Tech firms commit to buying carbon removal credits to offset emissions

Read on WSJ Markets ↗

Reconstruction at Blue Origin's Florida launch pad has begun after a New Glenn rocket explosion in May.
Launches expected to resume before the end of 2023, with a target return for the New Glenn rocket in 2026.
Some long-lead items, including propellant tank farm, were preserved after the explosion.

Read on Channel NewsAsia Business ↗

Windows and Linux users must update Secure Boot keys by June 24 to prevent firmware-based UEFI infections
Three Microsoft-signed certificates will expire, compromising system security
Secure Boot protects against bootkits, a type of malware that loads before the OS

Read on Ars Technica ↗

UK firms moving from AI experimentation to production, with measurable returns
Google research estimates AI could raise UK productivity by ~20%
AI tools are boosting retail spending (e.g., THG) and accelerating public-sector planning decisions
Prime Minister Keir Starmer aims to position Britain as an AI "superpower"

Read on Channel NewsAsia Business ↗

Uber aims to start a premium robotaxi service in Houston in mid‑2027, after a San Francisco rollout later this year
The service will use Lucid Gravity SUVs with Nuro’s self‑driving system; Uber has invested $500 million in Lucid and $500 million in Nuro
Uber plans to operate a fleet of at least 35,000 robotaxi‑ready Lucid vehicles and has a 50,000‑sq‑ft depot in Houston for operations
Nuro’s test fleet of 100 autonomous vehicles is already on public roads in Houston with safety drivers, with expansion expected as Lucid begins production

Read on TechCrunch ↗

Pinterest launches experimental AI shopping app 'Ask Pinterest' for conversational product discovery
App utilizes 'Taste Graph' data mapping to provide personalized recommendations
AI-powered experience to expand beyond main app, with potential for future integration

Read on TechCrunch ↗

Bezos predicts AI will generate a labor shortage, not replace human jobs
He cites his AI startup Prometheus and Blue Origin projects to speed manufacturing and space travel
Reuters/Ipsos poll shows 50% of Americans fear AI could cause job loss in their household
Bezos envisions cheap space travel enabling asteroid mining and restoring Earth's environment

Read on Channel NewsAsia Business ↗

Maurice Lévy urges France and Germany to spearhead a €100 billion pan‑European AI fund.
The fund aims to reduce EU firms' reliance on U.S. AI providers such as Anthropic.
Lévy cited recent loss of access to frontier AI models as a catalyst for the proposal.
He referenced prior Franco‑German digital cooperation and support from EU Commission President von der Leyen.

Read on Channel NewsAsia Business ↗

Foreign Minister Wang Yi announced plans for a global AI cooperation organization and invited all parties to join.
China’s "AI Capacity Building for All" initiative promotes cheap or free AI models for developing nations, contrasting with the U.S. subscription‑based approach.
The G7 discussed granting "trusted partners" access to U.S. AI models, while China was absent from the summit.
Beijing pushed for AI collaboration via BRICS and the Shanghai Cooperation Organization, rejecting "closed, exclusive" tech models.

Read on CNBC Top News ↗

Chinese media official says Beijing must stop fighting Western AI algorithms and start adapting to them.
AI-driven narrative control is seen as a potential tool to influence global perception of Tibet.
Current approach is described as a "war of words" where China is on the defensive against algorithmic messaging.

Read on SCMP Economy ↗

Workers in India are paid roughly 250 rupees (≈ $2) per hour to record household tasks for AI training.
Companies like Objectways gather egocentric video data from thousands of contributors to teach robots human motions.
Morgan Stanley projects over 1 billion humanoid robots in use by 2050, boosting demand for such training data.
India's informal workforce is entering the AI data‑annotation sector, creating new gig‑type jobs.

Read on Bangkok Post Most Recent ↗

Indian authorities blocked Telegram access until June 22 to prevent cheating in the NEET-UG exam on June 21.
The ban affects an estimated 150 million Indian Telegram users, while the message‑editing feature remains disabled until June 30.
The National Testing Agency cites organized cheating racks using Telegram channels to sell leaked papers for amounts ranging from a few thousand to several lakh rupees.
Telegram founder Pavel Durov argues the restriction punishes ordinary users and that leaks have shifted to other apps.

Read on CNBC Top News ↗

NVIDIA, Microsoft, Google, Amazon, Meta, Palantir, TSMC led AI gains with NVIDIA alone surging over 1,000% since 2022
Concentration in top AI names risks overexposure as sector matures beyond chipmakers and hyperscalers
AI software stocks transitioned from speculative bets to mainstream holdings in 2024

Read on OilPrice ↗

BYD, Google and AMD (plus Tesla) are increasing requests for Samsung's contract chipmaking services.
AI infrastructure surge is straining TSMC's advanced capacity, prompting customers to look to Samsung.
Samsung's advanced semiconductor offerings are gaining attention as rivals face production constraints.

Read on Nikkei Asia ↗

Government aims to fund 30,000 young scientists for overseas training over the next five years.
Target fields include artificial intelligence and quantum computing.
Potential expansion of financial support is being considered as a weak yen raises living costs abroad.

Read on Nikkei Asia ↗

Kaynes Technology will establish a back‑end assembly line in Japan targeting automotive chip makers
The expansion seeks to diversify semiconductor supply chains away from Taiwan, China and Southeast Asia
Production will be linked to Kaynes' new Gujarat plant to serve Japanese orders
No immediate impact on major semiconductor indices or related stocks is expected

Read on Nikkei Asia ↗

California and CPUC claim AT&T lied to FCC about plans to discontinue copper lines
AT&T seeks FCC approval to cease service to roughly 199,000 customers in its wireline territory
The dispute follows AT&T's lawsuit against California over state rules limiting network shutdowns

Read on Ars Technica ↗

Version 4.6 introduces email newsletters, letting creators send posts directly to subscribers' inboxes
Feature targets growth from 735,000 monthly active users (down from a 2 million+ peak)
Initially aimed at institutional users; requires server role permissions and may raise server costs
Subscribers can receive updates without a Mastodon account; default post limit stays at 500 characters
Fediverse hosts over 1 million active accounts, offering creators portable audiences across servers

Read on TechCrunch ↗

Demolition charges on June 16 removed the access tower, mobile service tower, and remaining assembly building at SLC-6.
The historic site, once used for the US Air Force shuttle program, will now support SpaceX Falcon 9 and Falcon Heavy missions.
Vandenberg Space Force Station is modernizing the complex for future defense and commercial launch activities.

Read on Ars Technica ↗

Around 53% of U.S. adults want to reduce their screen time.
iPod Shuffle ad in a NYC subway spot signals renewed interest in minimalist devices.
Light Phone, Opal and Freedom apps report growing demand for low‑tech solutions.
Founder Austin Murray is building MOQA, an app to curb phone usage.
Back Market's CMO cites consumer fatigue with constant connectivity as a driver.

Read on TechCrunch ↗

Jeff Bezos claims scientific hurdles for orbital data centers are largely solved
High launch and operational expenses are the primary barrier
Future cost reductions could unlock commercial space data center markets

Read on MarketWatch Top Stories ↗

Teachers must complete at least 30 hours of digital education training every three years
Primary and secondary schools must embed digital elements in their annual development plans
An innovation and technology curriculum will be introduced for pupils
The measures are outlined in the Curriculum Development Council's new Blueprint

Read on SCMP Economy ↗

Kee Wah Bakery disclosed a ransomware intrusion that disrupted its internal network on Friday.
The breach exposed employee personal data and other internal information.
Hong Kong's privacy watchdog is requesting details to evaluate potential data leak risks.

Read on SCMP Economy ↗

ReelShort, Viu and iQIYI announce increased investment in short‑form microdramas
AI‑powered content to become a core element of programming strategies
Executives cite intensifying competition in the regional streaming market

Read on Nikkei Asia ↗

Companies 106

BMW issued a profit warning, citing weaker demand in China
Geopolitical tension from the Iran war added to the downside outlook
Shares dropped sharply on the news

Read on Investing.com News ↗ also: CNBC Top News

Chinese antitrust authorities gave clearance for the three‑company media merger
Deal combines Paramount Global, Skydance Media and Warner Bros Discovery
Regulatory approval removes a major hurdle for the transaction to close
Merger aims to create a larger content and streaming platform

Read on Channel NewsAsia Business ↗

Judge rules Meng's 2021 admission can be introduced as evidence in the pending US case
Admission confirms Huawei illegally conducted business in Iran, breaching sanctions
Decision may heighten legal risk for Huawei and impact its US operations

Read on SCMP Economy ↗

Saudi Arabia's Public Investment Fund leads a group to buy Electronic Arts for $55 billion.
EU antitrust regulators have set a July 22 deadline to decide on the merger.
The transaction also needs clearance under EU foreign‑subsidy rules, which have not yet been sought.
Approval would create one of the largest deals in the gaming sector and support Saudi ambitions in games.

Read on Channel NewsAsia Business ↗

SpaceX stock up ~2% in pre‑market after market cap hit $2.66 trillion.
Market cap now exceeds Amazon and briefly topped Microsoft, ranking fourth among US firms.
Company reported a $4.9 billion net loss for 2025 and a $4.28 billion loss in Q1 2024.
Elon Musk aims for $1 trillion revenue by 2030, driving investor optimism.

Read on CNBC Top News ↗

Bernstein initiates GE Vernova as outperform with a $100+ upside
Needham initiates NeoVolta as buy with a $8.00 PT
Goldman Sachs reinstates Allegiant as buy with a $125 12-month price target
Morgan Stanley upgrades Creditcorp to overweight from equal weight
Deutsche Bank reiterates Micron as buy with a $1,500 PT

Read on CNBC Top News ↗

SpaceX shares up >40% since June 12 IPO, valuing the company at about $2.5‑$2.6 trillion
Market cap is roughly twice the total bitcoin market, which stands at ~$1.2 trillion
Valuation implies >130× 2025 sales despite a $5 billion net loss, raising concerns over error margin
Limited float (≈4.2% of shares) and AI acquisitions (xAI, $60 billion Cursor deal) drive the rally
Analysts warn a SpaceX stumble could spill over to broader equity markets and AI‑related stocks

Read on CoinDesk ↗

Italian lender UniCredit is moving closer to taking over German rival Commerzbank.
The merger would create a pan-European banking group, the largest such deal in Europe in years.
Deal signals further consolidation in the European banking sector.

Read on WSJ Markets ↗

Reliance Jio plans to launch an initial public offering worth about $4 billion.
The filing is expected within the next few days, according to the Financial Times.
The IPO would be one of the largest in India, expanding the Reliance Group's capital base.

Read on Investing.com Economy ↗

Terry Duffy, 67, will become executive chairman on March 1, 2027 after more than 25 years as CEO.
CFO Lynne Fitzpatrick, a 20-year CME veteran, will take over as CEO in 2027.
Duffy led key deals including the 2007 CBOT merger, 2008 NYMEX acquisition and the 2022 NEX Group purchase.
The transition aims to maintain strategic continuity for the global derivatives marketplace.

Read on CNBC Top News ↗ also: WSJ Markets·Investing.com News

Allbirds completed divestiture of its sneaker assets, ending footwear operations
Company will operate under the name Smartbird, targeting AI-computing market
The transition positions the firm for growth in the artificial intelligence sector

Read on MarketWatch Top Stories ↗ also: CNBC Top News·Investing.com News

Apple cites soaring memory chip prices for AI servers as a key cost driver
CEO Tim Cook states price hikes are unavoidable and will be passed to consumers
Higher component costs could pressure Apple’s profit margins if demand softens

Read on MarketWatch Top Stories ↗ also: TechCrunch

Apple will increase prices on its devices to offset higher memory and storage chip costs
AI-driven demand has pushed DRAM prices sharply higher, tightening supply for consumer electronics
CEO Tim Cook said Apple may use cash reserves to boost memory supply but will not build its own factories
No specific price hike amount disclosed; impact could affect upcoming iPhone 18 and foldable iPhone launches

Read on Channel NewsAsia Business ↗ also: WSJ Markets

Former Sequoia managing partner Roelof Botha joins SpaceX board via SEC filing
Will serve until the next annual shareholder meeting and sit on the audit committee
Board expands to nine directors; Elon Musk retains over 80% voting control
Sequoia owned about 1.5% of SpaceX pre‑IPO, valued at over $20 billion

Read on TechCrunch ↗ also: MarketWatch Top Stories

Nippon Steel forecasts US Steel profit >100 billion yen ($624 million) this year.
Hot‑rolled steel sheet prices in the US above $1,200 per metric ton, over twice Asian levels.
US Steel targets long‑run annual profit of 300‑400 billion yen; returns to hit ¥3 billion per year by 2035.
Nippon Steel's $14.9 billion acquisition of US Steel is driving operational improvements and synergies.

Read on Channel NewsAsia Business ↗ also: Channel NewsAsia Business

Odyssey secured $310 million in a Series B funding round.
Post‑round valuation rose to $1.45 billion.
Round led by Natural Capital with participation from Amazon, AMD Ventures, GV, EQT and IQT.
CEO cites rapid breakthroughs in scaling, interactivity, multimodality and physics accuracy.

Read on Channel NewsAsia Business ↗ also: TechCrunch

FDA previously rejected UniQure's Huntington's gene therapy; decision overturned after Trump officials were removed
Early trial data showed AMT-130 could slow disease progression by up to 75%
Huntington's disease has no approved treatments and typically leads to death in the 50s-60s
Regulatory shift improves UniQure's prospects for eventual market approval

Read on Ars Technica ↗ also: CNBC Top News

Kingboard plans to raise $1.5 bn by selling a stake in its laminates business
Proceeds will be used to fund growth initiatives and reduce debt
Shares of Kingboard surged on the announcement

Read on Investing.com Economy ↗ also: SCMP Economy

KKR will allocate $1.4 billion to launch an aircraft leasing platform.
The fund will focus on leasing to airlines and acquiring assets from Boeing and Airbus.
Investment aims to capitalize on rising demand for aircraft financing amid fleet renewals.

Read on Investing.com Economy ↗

Rumble will operate under the name RUM Group starting June 18
Completed acquisition of German AI cloud firm Northern Data in an all‑stock deal valued at roughly $767 million
Shares rose about 8% in extended trading after the announcement
New AI unit Quake AI will manage roughly 22,000 Nvidia H100/H200 GPUs across nine data centers
Company now has over 200 MW of unmonetized energy capacity

Read on Channel NewsAsia Business ↗

JetBlue to close Newark and LaGuardia tech operations bases this fall
Ending seasonal service between Newark and Los Angeles and Las Vegas
Expanding daily Mint flights from Fort Lauderdale to San Diego, San Francisco, and Los Angeles

Read on CNBC Top News ↗

Snap stock slid from $5.86 to $4.83, a drop of more than 5% following the Specs announcement
The new Specs AR glasses carry a retail price of roughly $2,200, positioning them in the high‑end computing segment
Snap's shares have declined about 30% over the past year, underscoring broader performance challenges

Read on TechCrunch ↗

EPS $1.31 beat estimate of $0.95 per share
Revenue $8.01 bn beat $7.42 bn estimate; net revenue up 6.2% YoY
Shares fell 9% despite beats; gross profit down 4.4% YoY, retail used vehicle profit down 9.5%
CEO Keith Barr announced a multi-year turnaround strategy with AI tools and website tweaks

Read on CNBC Top News ↗

Coinbase is expanding beyond spot trading to derivatives, tokenized stocks, stablecoin payments, lending and AI tools
Derivatives account for roughly 80% of crypto trading volume, seen as a more durable revenue source
Stablecoin payments and developer tools are highlighted as lower‑volatility revenue streams
Shares rose about 2% after the event but remain down ~26% YTD; May exchange volume fell 3.45% to $4.41 T while RWA perpetual futures rose 10.4%

Read on CoinDesk ↗

Kalshi partners with compliance software provider StarCompliance to launch a monitoring platform for employee activity on prediction markets.
The system flags trades based on volume, patterns, market categories and work‑hour activity, covering both on‑chain and off‑chain exposure.
The launch follows heightened scrutiny, with at least 11 U.S. states taking legal or regulatory action against prediction‑market platforms.
A federal judge set a December trial for a former Army sergeant accused of insider trading on Polymarket, underscoring enforcement focus.
The CFTC has sued eight states this year over restrictions on prediction‑market operators, continuing its push for federal oversight.

Read on Cointelegraph ↗

Clair Health secured $11.6 million in a Series A round led by Khosla Ventures
The device will feature 10 biosensors, including a novel biomagnetic sensor for real‑time hormone monitoring
Launch planned for November with a $369 hardware price and a $9.99 monthly subscription
AI-driven voice onboarding will analyze biomarkers to determine menstrual cycle phase within minutes

Read on TechCrunch ↗

PayPal Ventures will wind down operations and pause new investments
The arm made over 80 investments and raised $850 million across three funds
CEO Enrique Lores is pursuing further cuts and may sell venture holdings secondarily
The move follows a leadership change and a DOJ settlement waiving fees on $1 billion of transactions

Read on TechCrunch ↗

Goldman Sachs creates dedicated team to manage OpenAI's upcoming IPO
Morgan Stanley forms its own team to handle Anthropic's IPO process
Both banks keep teams separate to prevent any information sharing between the two AI firms

Read on WSJ Markets ↗

BitGo authorized a $50 million share repurchase program, covering about 8% of outstanding shares
Shares rose up to 20% intraday, trading near $6.07, still roughly 65% below the $18 IPO price
Buyback aims to support the stock amid a broader slump in crypto‑linked equities and ahead of Europe’s MiCA licensing deadline

Read on CoinDesk ↗

SLB targets $2 billion digital revenue by 2030, up from current $1 billion
Digital spending to grow by $10 billion by 2030
Adjusted EBITDA for digital to double to $1.8-$2 billion by 2030

Read on Channel NewsAsia Business ↗

Private space industry demand drives commercial real estate growth on Florida's space coast
New $420M Westin Cocoa Beach Resort & Spa to open next year with conference center
Driftwood Capital to control 62% of beachfront hotel inventory in the region

Read on CNBC Top News ↗

Arcline Investment Management to acquire AstroNova in $272 million deal
Second take-private transaction announced by Arcline in recent weeks
AstroNova shareholders to receive $12.50 per share in cash

Read on WSJ Markets ↗

Saab invests $13 million in Comand AI for a 10% stake
Investment to enhance command and control capabilities (C2) and C5ISR
Deal pending regulatory approval

Read on Channel NewsAsia Business ↗

Q1 2026 earnings per share topped analysts' expectations
Vehicle sales rose, improving year‑over‑year performance
Revenue exceeded consensus forecasts, driven by higher used‑car volumes

Read on Investing.com News ↗

Ouster announced a lidar technology agreement with AIM to equip autonomous equipment
The partnership expands Ouster's addressable market in industrial automation
Ouster stock climbed after the news, reflecting investor optimism

Read on Investing.com Economy ↗

Aehr Test Systems stock rose sharply intraday
Price increase follows an unspecified catalyst or news
Analysts view the move as bullish for the company

Read on Investing.com Economy ↗

Carvana will sell new cars and trucks online through seven Stellantis franchised dealerships serving as test‑drive centers
The company spent roughly $171 million acquiring the new‑vehicle franchise locations
U.S. franchised dealer network totals about 16,990 retailers with $1.3 trillion in annual sales, which could be affected by Carvana's model
The Dallas test‑drive “playground” showcases about 50 vehicles across Jeep, Dodge, Chrysler and Ram brands
Carvana has not disclosed new‑vehicle sales volumes or profitability of the initiative

Read on CNBC Top News ↗

US manufacturers CA Spalding and Daybreak Express filed class-action suits on June 2 and June 9.
Lawsuits target Singamas, China International Marine Containers, CXIC Group and executives including CEO Teo Siong Seng.
DOJ indictment alleges the four firms, which produce about 95% of global dry containers, fixed prices, doubling container costs from 2019‑2021.
The alleged conspiracy spanned November 2019 to January 2024; damages sought include multiple or treble damages.
Teo has taken leave from several Singapore roles and will not seek re‑election as SBF chairman.

Read on Channel NewsAsia Business ↗

CFMEE plans Hong Kong IPO raising up to HK$3.2 bn (US$410 mn).
Offering more than 12.8 m H‑shares at HK$240.09‑HK$252.73 per share.
Funds will support lithography equipment as China pushes semiconductor self‑sufficiency.

Read on SCMP Economy ↗

Rothschild & Co. upgrades Lyft to "buy" from neutral and lifts target price to $22 (up from $17).
New target implies roughly 54% upside from the current share price.
Lyft shares are down 26% year‑to‑date amid labor cost pressures and robotaxi competition.
Analyst cites Lyft's dispatching tech and AV partnerships as key to benefiting from a robotaxi boom.

Read on CNBC Top News ↗

DeepL announced the acquisition of Mixhalo, a real‑time audio startup founded in 2016.
Mixhalo has raised over $39 million from investors including Fortress Investment and Founders Fund.
DeepL will integrate Mixhalo’s live‑event audio tech and open a Bay Area office to expand U.S. operations.
The deal adds voice‑to‑voice translation in 33 languages to DeepL’s portfolio, targeting conferences and sports events.

Read on TechCrunch ↗

Twenty secured $100 million in a new funding round, bringing total capital raised to $138 million since 2024.
The round valued the company at $1 billion, underscoring strong investor appetite for AI-enabled cyber security firms.
Funding was led by Accel with participation from Point72 Ventures, Friends & Family Capital and Caffeinated Capital.
Capital will be used to expand research and engineering for AI-driven cyber capabilities serving the U.S. military and intelligence community.
Investor interest in cyber security is rising amid heightened concerns over AI-powered attacks and recent Iranian hacking incidents.

Read on Channel NewsAsia Business ↗

Abercrombie will sell Puma, Sperry, Frye, Hunter and GH Bass shoes, starting at a 10,000‑sq‑ft NYC store.
Only Puma and Sperry are currently available online; the full range will expand if the test store performs well.
Comparable sales fell more than 1% YoY and declined 7% in the latest fiscal year, prompting the category expansion.
Analysts say third‑party brands are unlikely to become a large revenue share but may aid customer acquisition.
Aritzia’s similar footwear partnership drove 35% sales growth, influencing Abercrombie’s strategy.

Read on CNBC Top News ↗

Engineering will sell Alfahealth and Industries eXcellence to Accenture; transaction value not disclosed
The two units account for roughly 18% of Engineering's net revenue and 25% of its adjusted EBITDA (2025)
Deal aims to sharpen Engineering's focus on core segments and boost its AI offering
Closing expected in Q4 2024, pending antitrust and Italian "golden power" approvals

Read on Channel NewsAsia Business ↗

AO World reported a record annual profit
The company announced a £20 million capital return to shareholders
Capital return will be delivered via share buyback and dividend uplift

Read on Investing.com News ↗

Jefferies upgrades Eneos Holdings (5333.T) to "Buy" and flags it as the top pick among Japan's crude refiners
Target price set at ¥2,500, implying roughly 11% upside from current levels
Analysts cite tighter refining margins, strong domestic demand and favorable feedstock pricing as key catalysts

Read on Investing.com News ↗

SK Hynix stock reached an all‑time high, marking its highest closing level to date
The rally was driven by better‑than‑expected earnings and rising AI‑related memory demand
Analysts cite a tighter DRAM supply market and a planned share buyback as additional catalysts

Read on Investing.com News ↗

PZ Cussons upgraded FY26 profit guidance, citing a stable Nigerian naira and robust trading performance
Company expects continued revenue growth in Nigeria, its largest market, supported by currency stability
Management highlighted improved margins and cost control as drivers of the higher outlook

Read on Investing.com Economy ↗

Core EBIT margin target raised to 140-170 basis points for FY2026
Guidance upgrade reflects stronger pricing power and cost efficiencies
Management cites robust demand in the dental implant market
Revenue forecast unchanged, but higher margin improves profitability outlook

Read on Investing.com Economy ↗

Akio Toyoda was re-elected as chairman of Toyota Motor at the annual meeting.
New CEO Kenta Kon received board backing and will continue steering the company.
Four additional directors were re-elected to the board.
Toyota highlighted growth in hybrid vehicle sales in the U.S. and Japan.
Kon pledged ongoing investment in AI, robotics and multi‑pathway powertrain strategies.

Read on Channel NewsAsia Business ↗

Yum! Brands will divest Pizza Hut in two separate deals totaling $2.7 billion.
The sale marks a strategic shift away from the pizza segment toward Yum's core brands.
Transaction completion is expected later this year, pending regulatory approvals.

Read on Investing.com News ↗

Xiaohongshu, a Chinese social commerce platform, is preparing a Hong Kong listing.
The IPO could value the company at over $70 billion.
The filing follows recent approvals for Chinese tech firms to list abroad.
Proceeds are expected to fund further expansion and product development.

Read on Investing.com News ↗

Samsung receives larger chip orders from BYD, Google and AMD.
Orders arrive amid ongoing capacity constraints at rival TSMC.
Higher demand could lift Samsung's foundry revenue in upcoming quarters.

Read on Investing.com News ↗

Tamron stock jumped sharply today
The rise follows recent news, though details are not disclosed
Analysts view the move as a bullish signal for the company

Read on Investing.com Economy ↗

Capcom stock gained about 3% in early trading
Rally driven by robust sales of recent game releases
Analysts upgrade outlook ahead of upcoming titles

Read on Investing.com Economy ↗

Kingboard Holdings stock jumped sharply today
Rise reflects heightened investor optimism in the PCB sector
No specific catalyst disclosed in the brief

Read on Investing.com Economy ↗

Globe Telecom's board approved a registration statement with the SEC and a listing application with the Philippine Stock Exchange.
The IPO will represent about 12% of Mynt's post‑IPO shares, targeting roughly $1 billion in proceeds and a valuation of at least $8 billion.
Shares will have a par value of 0.03 pesos each and will include both primary and secondary offers.
If completed, the offering would match the Philippines' largest IPO to date, about $1 billion raised by Monde Nissin in 2021.

Read on Channel NewsAsia Business ↗

DOJ filed a motion to dismiss the NAACP suit alleging xAI operated dozens of natural‑gas turbines without permits.
The dispute centers on a $20 bn data centre in Memphis, with claims that hundreds of thousands of residents face pollutant exposure.
Justice Department argues the case threatens national, economic and energy security, citing AI's role in Pentagon operations.
NAACP contends the turbines disproportionately affect Black communities and labels the DOJ intervention a "massive power grab".

Read on Al Jazeera ↗

Softbank Group's share price declined in early trading after media reports of large OpenAI expenditures.
The spending is described as significantly higher than previously disclosed, prompting concerns over the group's AI investment strategy.
Analysts warn the drop could pressure Softbank's valuation amid broader market scrutiny of AI-related costs.

Read on Investing.com Economy ↗

Several Singapore-linked restaurant chains are scaling back operations in China
Firms are shifting focus to other Asian markets as growth slows in China
Intensified competition and evolving consumer tastes are eroding Singapore brands' edge

Read on SCMP Economy ↗

Options pricing implies about a 15% probability SpaceX will rise another 50% by September
Pricing also suggests roughly a 13% chance the stock could fall 50% in the same period
SpaceX shares have climbed about 50% since IPO, putting its market cap near Amazon and Microsoft
Call volume was the fifth-highest of the day, indicating strong trading interest

Read on CNBC Top News ↗

OpenAI's cash burn totaled $3.7 billion in the first quarter of 2026.
The high outflow reflects continued heavy investment in AI research and infrastructure.
No revenue or profitability data were disclosed alongside the cash‑burn figure.
The sizable burn may shape OpenAI's financing strategy and investor expectations.

Read on Investing.com Economy ↗

Qantas will reveal its inaugural ultra-long-haul route under the Project Sunrise program
The announced route will be the first non-stop service planned for the initiative
Project Sunrise aims to connect major international destinations with ultra-long-haul flights
The move is part of Qantas' broader strategy to expand its long-haul network

Read on Investing.com News ↗

Yum China will pay $1.2 bn to buy the mainland Pizza Hut operations from Yum Brands.
Private equity firm LongRange Capital will purchase the remaining Pizza Hut assets for $1.5 bn.
The deal reflects ongoing spin‑offs of US restaurant brands in China's subdued consumer market.
Investor reaction has been muted, with Yum China shares showing little movement post‑announcement.

Read on Nikkei Asia ↗

Mynt submitted an IPO application to the Philippine Stock Exchange on June 17.
The company aims to raise up to $1 billion from the offering.
GCash, owned by Mynt, serves the majority of Filipinos for daily payments.
The listing could increase investor interest in Philippine equities and fintech.

Read on Nikkei Asia ↗

Nissan unveils updated Kicks compact SUV at Tokyo event on June 17
Model targets growing global compact SUV segment to revive domestic sales
Launch forms key part of Nissan's restructuring plan for the Japanese market

Read on Nikkei Asia ↗

Lululemon issued a public apology after a drum in its China campaign was likened to a Japanese taiko drum.
The incident sparked online backlash amid rising nationalism and heightened scrutiny of Western brands in China.
China represents about 16% of Lululemon's projected 2025 group revenue, making the controversy a notable reputational risk.

Read on Nikkei Asia ↗

SoftBank Group will introduce a cybersecurity offering built on OpenAI technology for Japan's corporate sector
The service targets rising demand for AI-driven defense capabilities against cyber threats
CEO Masayoshi Son cautioned that AI attacks could become a major security challenge for Japan
Launch announced on June 16, 2024

Read on Nikkei Asia ↗

Tokio Marine will seek merger and acquisition targets in Australia and Canada
Collaboration with Berkshire Hathaway aims to enable larger deals and diversify beyond core insurance
CEO highlighted interest in cyber‑security investments as part of the expansion strategy

Read on Nikkei Asia ↗

Marubeni Corp. completed acquisition of EagleRidge Energy II, a Texas-based natural gas developer.
The purchase secures U.S. gas supply for the growing data center and AI infrastructure demand.
Marubeni's global LNG portfolio already exceeds 700,000 metric tons annually.

Read on Nikkei Asia ↗

Go's shares closed 10% above the IPO price on debut.
The offering raised capital to fund its autonomous‑driving and robotaxi program.
Go plans to accelerate development of robotaxi services in Japan.
Listing on the Tokyo Stock Exchange Growth Market reflects strong investor demand.

Read on Nikkei Asia ↗

Kioxia plans to keep capital expenditures flat for the upcoming fiscal year despite a surge in AI‑driven NAND demand.
The firm cites concerns over a potential NAND oversupply and prefers to avoid a capacity glut.
Management projects steady revenue growth but warns of inventory risks if demand eases.

Read on Nikkei Asia ↗

NTT's IOWN optical network concept, unveiled in 2019, is being eclipsed by advances from U.S. semiconductor firms.
U.S. chipmakers, including Nvidia, are moving into optical infrastructure, leveraging AI-driven data traffic growth.
Analysts see the shift as a setback for NTT's ambition to lead next‑generation data networks in Japan.

Read on Nikkei Asia ↗

SPRINKLR submitted a Form 144 to the SEC on June 16, indicating planned insider sales
The filing does not disclose the number of shares or transaction price
Market impact is uncertain pending further details

Read on Investing.com News ↗ also: Investing.com News

Krispy Kreme Inc. filed a Form 4 with the SEC on 16 June reporting insider transactions
Form 4 disclosures typically detail changes in ownership by company insiders
The filing is a routine regulatory update with no immediate market impact expected

Read on Investing.com News ↗ also: Investing.com News

Chinese car makers announced strategy to pursue high-income consumers in RHD markets
New premium models will be displayed at Hong Kong auto show to attract overseas buyers
Target markets include the UK, Australia, Japan and Southeast Asian countries with right-hand drive

Read on Investing.com Economy ↗

The FDA approved Lucilia cuprina (Australian sheep blowfly) for maggot debridement therapy.
Cuprina Holdings now holds clearance for two fly species, the only company with such status.
The first FDA‑cleared species, Lucilia sericata, was approved in 2004, marking the second addition.
Cuprina aims to leverage the dual‑species clearance to capture a larger share of the global maggot market.

Read on Ars Technica ↗

EssilorLuxottica featured in the latest health‑care market discussion
Straumann Holding highlighted among key sector players
Broader health‑care outlook and trends covered in the talk

Read on WSJ Markets ↗

Kristi Noem, ex‑US Secretary of Homeland Security, joins NovaRed Mining (CSE: NRED) as an advisor
NovaRed is a British Columbia junior focused on two early‑stage copper projects
Noem's political experience is expected to aid the company's government and regulatory outreach

Read on Northern Miner ↗

Dryden Gold CEO Trey Wasser discussed the drilling program at a mining investment event in Quebec City
The company is launching a drill campaign in an Ontario district where major miners are active
The announcement was presented in a sponsored video on The Northern Miner platform

Read on Northern Miner ↗

Tesco is migrating 40,000 server workloads away from VMware.
The migration follows a UK High Court lawsuit alleging Broadcom breached its VMware contract.
Tesco originally bought perpetual licenses for vSphere Foundation, Cloud Foundation, Tanzu and support through 2026.
Broadcom reportedly demanded extra fees for support, prompting the workload shift.

Read on Ars Technica ↗

Slate Auto's new electric pickup, the Blank Slate, is priced at $24,950.
The base model provides a 150‑mile (241 km) driving range.
Features such as infotainment and electric windows are optional to reduce cost.
A 2025 target price of $20,000 depended on a $7,500 tax credit that was later eliminated.

Read on Ars Technica ↗

Emily Dalton Smith, Meta's head of product for AI for work, is leaving the company.
Smith joined Meta in 2015 and previously led product for the Threads app.
She oversaw internal AI tooling, including the Metamate enterprise AI assistant.
She will remain temporarily to assist CTO Andrew Bosworth with the transition.

Read on Channel NewsAsia Business ↗

Brixton Metals drills 1.23 g/t silver and 0.23% copper over 34.5 meters at Langis
Thorn copper project shows 0.23% copper over 34.5 meters
Langis and Thorn projects are part of Brixton Metals' Canadian portfolio

Read on Northern Miner ↗

Shareholders ratified the election of the board of directors at the annual meeting
An equity incentive plan was approved by the shareholders
Approvals were passed without reported dissent or voting thresholds

Read on Investing.com News ↗

BBC will cut 550 jobs across the organization
Several programmes will be closed as part of the cost‑saving plan
The measures aim to reduce operating expenses amid budget pressures

Read on Investing.com Economy ↗

SOFI stock up in early trading
Pre‑market gains reflect investor optimism
No major news disclosed yet

Read on Investing.com Economy ↗

Momentus (MNTS) stock jumped following announcement of a new commercial contract.
The contract adds to the company's revenue pipeline in the space logistics market.
Analysts view the deal as a positive catalyst for Momentus' growth prospects.

Read on Investing.com Economy ↗

Stock price surged following announcement of IND submission timeline for lead candidate
Timeline suggests filing of IND in the near term, advancing development program
Analysts view the update as positive for the company's pipeline prospects

Read on Investing.com Economy ↗

105 kWh performance battery becomes standard across all Taycan models, starting at $111,900
Native NACS charging port replaces CCS1, allowing direct use of Tesla Superchargers (up to 400 kW with IONNA chargers)
Fast‑charging capability remains up to 320 kW on 800 V DC chargers; Porsche will provide a CCS1 adapter for other networks

Read on Ars Technica ↗

State Farm will deploy AI-driven sales tools to its 19,000 agents.
New contracts will modify compensation and performance expectations.
Agents have voiced strong opposition, calling the move a "slap in the face".
The initiative is framed as a response to the insurer's declining market standing.

Read on WSJ Markets ↗

Rever Automotive says fire was caused by external circuit and incompatible charging equipment, not the BYD car.
Incident involved a BYD Dolphin sedan in Khon Kaen province; experts found no fault with the vehicle's built‑in electrical system.
BYD leads Thailand's EV market with ~40% share and holds ~14% of the overall automobile market.

Read on Bangkok Post Most Recent ↗

Rathbones authorises a £20 million share repurchase.
Buyback to be executed over the next 12 months.
Programme aims to return capital to shareholders and support the share price.
No change to dividend policy was announced.

Read on Investing.com News ↗

Coiled Therapeutics announced the creation of a medical advisory board.
Board comprises leading clinicians and researchers in the field.
Advisory board will guide the company's clinical development and regulatory strategy.

Read on Investing.com News ↗

Haitong identifies leading Indian large-cap banks as top picks
Haitong identifies leading Indian large-cap pharma companies as top picks
Recommendation targets Indian large-cap equities for potential upside

Read on Investing.com Economy ↗

Revenue increased year-over-year
Net loss narrowed versus the previous period
Management emphasized ongoing cost discipline

Read on Investing.com Economy ↗

Revenue fell as inventory buildup forced price cuts and higher holding costs
Management cites supply-chain mismatches as primary cause of the shortfall
Company plans corrective actions to improve inventory turnover in upcoming quarters

Read on Investing.com Economy ↗

Director Jeffrey Hinson sold Live Nation shares worth $370,125
The transaction was disclosed in a Form 4 filing with the SEC
The sale adds to recent insider selling but represents a small fraction of total shares

Read on Investing.com News ↗

Director John Malfettone disposed of New Mountain Finance shares worth $611,684
The transaction was disclosed in a recent filing, reducing his stake in the company
No additional insider transactions were reported and the company gave no comment

Read on Investing.com News ↗

Former Star Entertainment CEO receives a six‑year ban from corporate management in Australia
Court orders a fine of AUD 495,000 for the former executive
Ban also restricts the individual from holding any directorship or senior role in Australian companies

Read on Investing.com Economy ↗

Longcheer Technology, a Shanghai-based contract smartphone maker, is shifting focus to AI-powered devices in the United States.
The company supplies Meta’s upcoming smart‑glasses, highlighting its role in emerging AI hardware.
Management says the US consumer market remains critical despite ongoing uncertainty over China‑US tariffs.
Longcheer says it remains unfazed by tariff risk, with no immediate impact expected.

Read on Nikkei Asia ↗

Avex plans a $100 million investment to acquire music copyrights by April 2027
The initiative targets overseas publishing rights to build a stable revenue stream
Avex secured a partnership with Bruno Mars in March to administer his song publishing

Read on Nikkei Asia ↗

ASICS' European division creates a dedicated research and development facility for tennis products
The new hub partners with a French sports science institution
Aim is to develop high‑performance gear for top‑level tennis athletes

Read on Nikkei Asia ↗

Games Workshop admitted 561 shares under its employee share scheme.
The admission adds a modest number of shares to the employee pool.
No immediate effect on the company's capital structure or share price is expected.

Read on Investing.com News ↗

Shares rise sharply on the day
No clear driver identified in reports
Analysts await further data on the rally

Read on Investing.com News ↗

CFO Michael Mann disposed of $71,816 worth of Verisk Analytics shares
The sale was disclosed in a Form 4 filing with the SEC
The transaction represents a small portion of his holdings and is unlikely to move the stock

Read on Investing.com News ↗

Thai Markets 6

Thai Lion Air cut seat capacity by 15% since the Gulf war began
Hotel occupancy in Chiang Mai is only 40‑45%, with some locations as low as 35%
Domestic trips rose 1.77% YoY to 86.7 million as of May 31, but demand stays weak in low season
Fuel prices have fallen to near pre‑war levels, yet airlines expect no immediate airfare relief

Read on Bangkok Post Business ↗

KKPS expects Thai virtual banks to record net losses in early years, with first‑year ROE around –29% in comparable markets.
Operating losses may limit asset growth and delay profitability, with parent‑company earnings impact capped at 1‑3% in 2026.
Clicx Bank launches Friday; Bank X targets year‑end rollout; Ascend Bank is still meeting regulatory requirements.
Regulators apply the same standards as traditional banks, emphasizing infrastructure and risk management, which constrains early expansion.

Read on Bangkok Post Business ↗

The AI Passport scheme is budgeted at 1.6 billion baht to serve up to five million users.
Opposition MP claims the procurement process lasted only 34 days, raising concerns of favoritism.
A comparable AI platform reportedly cost only 2.4 million baht, highlighting a large cost disparity.
The project includes advertising requirements for about 1,500 convenience stores and roughly 6,000 display screens nationwide.
The Digital Economy Ministry says the project complies with regulations and will negotiate usage‑based payments.

Read on Bangkok Post Most Recent ↗

Industrial sentiment index dropped to 84.7 in May, down from 85.3 in April.
Manufacturing Production Index fell to 92.76 points, down 0.36% year‑on‑year in April.
General machinery output down 12.9% YoY; palm oil output down 16.1%; chemical fertilizers down 28% amid Middle East instability.
Leading business group raised 2026 growth forecast to 1.6‑2.0% despite 2023 growth of 2.4%.

Read on Bangkok Post Business ↗

Raid covered 24 locations across Bangkok and nearby provinces.
Confiscated assets valued at roughly 65 million baht, including cash, gold, silver and luxury goods.
70 bank accounts linked to the alleged investment and forex scam were frozen.
Operation involved DSI, cybercrime police, forensic institute and the Bank of Thailand.
Network is believed to include politicians and entertainment figures.

Read on Bangkok Post Most Recent ↗

Sealand Capital Galaxy's shares have been restored to the official list
Trading of the shares can resume on the SET
Restoration follows a prior suspension, details not disclosed
Investors may reassess positions now that shares are active

Read on Investing.com News ↗

Other 67

Around 74,000 Fortinet firewalls in 21,000+ IPs across 194 countries were compromised.
Plaintext admin credentials were leaked, granting attackers near‑unrestricted access to firms like Oracle, Chevron and a NATO contractor.
The breach affects roughly half of all internet‑facing Fortinet firewalls, per Shodan data.
Researchers found many compromised devices remain online and credentials are still valid.

Read on Ars Technica ↗

AI-driven demand for electricity is prompting rapid R&D into 24/7 clean power sources
Public and private investors are allocating billions of dollars to geothermal and fusion projects
Geothermal is emerging as a leading baseload solution for continuous power supply

Read on OilPrice ↗

World Cup broadcast achieved record viewership in the streaming era
NBA Finals ratings hit a new high for live sports programming
Live, shared moments in sports remain the most valuable asset for broadcasters

Read on MarketWatch Top Stories ↗

World loses an estimated 324 trillion litres (85.6 trillion gallons) of freshwater each year, enough for 280 million people.
Lake Urmia shrank to 581 sq km, under 10 % of its 1990 size; South Aral Sea lost over 90 % of its area.
Major rivers and reservoirs like the Parana River and Lake Mead show dramatic declines, with water levels falling sharply since the 1980s.
Drought, water diversions and rising temperatures drive the drying across continents, affecting agriculture, hydroelectric power and livelihoods.

Read on Al Jazeera ↗

New cost estimate for the White House ballroom project tops $600 million, up from earlier $400 million figure.
Only $293 million of the projected cost is expected from private donors; the rest would be funded by taxpayers.
Trump previously claimed the project would be “tax‑payer free” and cost $200‑$400 million, contradicting the latest estimate.

Read on Bangkok Post Most Recent ↗

Mbappe reached 58 goals for France, surpassing Olivier Giroud as the nation's all‑time scorer.
He scored his 14th World Cup goal, overtaking Just Fontaine's record of 13 and becoming France's top scorer at a World Cup.
With 14 World Cup goals, Mbappe now sits third on the all‑time World Cup scoring list, two behind Miroslav Klose's 16.

Read on Al Jazeera ↗

$360 million investment for a new aircraft maintenance, repair and overhaul complex.
Site is Van Don International Airport, about 200 km east of Hanoi.
Joint venture includes HAECO, Japan Airlines (JAL) and Toyota Tsusho with Sun Group.
Project aims to expand Vietnam's aviation MRO capacity and regional service capabilities.
Expected to generate jobs and support growth in regional air traffic.

Read on Nikkei Asia ↗

Activist campaigns in Japan rose to 72 from Jan to May 2024, up from 70 in the same period last year.
Japan remains the second-largest market for activist investors after the United States.
Campaigns are adopting bolder, American-style tactics and targeting larger corporate targets.

Read on Nikkei Asia ↗

Public Health Ministry will revamp three key NHSO subcommittees: benefits & service development, medicine procurement planning, and financial management.
Permanent secretary Somlerk Jeungsmarn will lead the review, with reform proposals due to the NHSO board next month.
NHSO board and subcommittees currently convene over 365 meetings annually, prompting calls for faster, more coordinated decisions.
Reforms aim to address rising demand, limited financial resources, and policy priorities within Thailand's universal healthcare system.

Read on Bangkok Post Most Recent ↗

Swiss‑Dutch offshore firm Allseas signed a contract to operate deep‑sea mining equipment for The Metals Company (NASDAQ: TMC).
A legal analysis, backed by Greenpeace, says the contract directly violates the United Nations Law of the Sea.
The claim raises concerns over environmental governance of seabed mining activities.

Read on Northern Miner ↗

Arbitrator provisionally granted Paulson nearly $48 million.
Award stems from a dispute with a longtime business partner in Puerto Rico.
Decision is provisional and could be challenged in further litigation.

Read on WSJ Markets ↗

WHO declared the Congo Ebola outbreak an international emergency.
Response teams report strain and resource shortages one month after the declaration.
Health authorities warn containment remains challenging.

Read on Investing.com News ↗

CNBC will simulcast 11 WNBA games this season, beginning with a doubleheader on Wednesday.
USA Network will also air the games, fulfilling an 11‑year rights deal that includes at least 50 WNBA games annually.
The simulcast aims to reach CNBC's affluent audience and aid Versant's carriage negotiations after its spin‑off from Comcast.

Read on CNBC Top News ↗

Italy's data protection authority fined Emirates €180,000 for handling passenger health data.
Emirates breached transparency and data storage limits, retaining health data for 7 years.
The airline failed to provide clear and complete privacy information to passengers.

Read on Channel NewsAsia Business ↗

Police in Ho Chi Minh City rescued more than 400 cats from a crime ring involved in the feline meat trade.
Nine individuals were detained in connection with the operation, which uncovered 45 cages of live cats and dozens of dead cats.
Over 40 rescued cats were reunited with their owners, though several dozen died due to poor conditions.
Animal welfare groups emphasized the 'enormous scale' of Vietnam's cat meat trade, despite consumption being legal.
Vietnam plans legal reforms to better protect pets, following South Korea's ban on dog meat.

Read on Al Jazeera ↗

Mandatory health examinations will apply to commercial vehicle drivers aged 65+.
The requirement is expected to take effect by mid‑2025.
Assessments will be conducted more frequently than under current rules.
A register of approved doctors will be created to guide drivers.

Read on SCMP Economy ↗

Japan's Japan Fair Trade Commission (JFTC) raided 6 major ice cream firms on suspicion of price-fixing
Companies allegedly coordinated price hikes every year since 2022
Record ice cream sales in Japan reached ¥660 billion in the fiscal year ending March 2024

Read on Channel NewsAsia Business ↗

28-year-old woman from Yala was discovered dead in Phrom Hod Canal near the Thai‑Cambodian border.
She had escaped alleged forced labour in Cambodia and was attempting to cross back into Thailand.
Body was found floating, believed to have been in the canal for at least three days.
Prior to disappearing, she transferred 4,000 baht to her family; her two sons are now under their grandmother's care.

Read on Bangkok Post Most Recent ↗

80‑year‑old Raymond Wong started serving a five‑month prison sentence after surrendering bail
Convicted of insider trading involving Transmit Entertainment, a TV series production company
Sentence imposed while he awaits a High Court appeal

Read on SCMP Economy ↗

Police stopped a Honda CR-V in Mae Ai district at 20:30 and the driver opened fire.
Police returned fire, killing the suspect about 100 metres from the vehicle.
Fourteen sacks containing roughly 2.8 million methamphetamine pills were recovered.
The suspect was linked to a gang from Ban Na Ma-uen village, likely moving drugs to Chiang Rai.

Read on Bangkok Post Most Recent ↗

Turbidity currents, once considered rare, are shown to occur more frequently
Research reveals they can form in low‑energy environments such as reservoirs and lakes
Higher occurrence heightens risk of damage to global subsea internet cables

Read on SCMP Economy ↗

Shooting took place at ChristianaCare Hospital in Wilmington on June 16
At least one person killed and another wounded
Police continue to search for the suspect, who remains at large

Read on Bangkok Post Most Recent ↗

Small-scale fishers along Kenya's coast are collecting digital catch data to monitor stock levels.
The initiative aims to counter declining fish stocks and promote sustainable fishing practices.
Kenya is hosting a major oceans conference, highlighting the locally-led data effort on the global stage.

Read on Bangkok Post Most Recent ↗

Sinkhole measured about 3 m wide, 4 m long and 1.5 m deep.
Road reopened to traffic at 5 am after repairs finished by 1 am.
Repairs involved pumping water and filling with fast‑setting concrete.
BMA blames the incident on a Metropolitan Electricity Authority cable manhole.
No injuries were reported.

Read on Bangkok Post Most Recent ↗

The 'Shore Fire' burned an estimated 2,053 acres as of midnight (0700 GMT) on June 16.
Aerial footage captured the blaze on Monday, June 15.
The fire is located in Southern California's Riverside County.

Read on Bangkok Post Most Recent ↗

Puppy preschools in China provide games, treadmills, music and snacks for young dogs
Young Chinese pet owners treat dogs as family, raising discretionary spending on services
The niche is growing quickly within China's booming pet industry

Read on Bangkok Post Most Recent ↗

Seven patients have been discharged from an Ebola treatment centre in the Democratic Republic of the Congo.
Health officials confirm the recoveries, asserting the outbreak is real.
Local groups continue to claim the Ebola outbreak is a hoax, which authorities dispute.

Read on Al Jazeera ↗

Local governments are rolling out dual pricing at historic attractions
Himeji Castle will charge non-residents more than double the resident rate
Pricing aims to mitigate overtourism and fund site upkeep
The dual‑pricing model is spreading to other popular tourist spots

Read on Nikkei Asia ↗

Match kicks off Wednesday 3pm local (20:00 GMT) at AT&T Stadium, Dallas
Opta gives England a 55.9% win probability, Croatia 20.8% and a 23.3% chance of a draw
England rank fourth among title favourites with a 10.0% chance, behind Spain, France and Argentina
Croatia captain Luka Modrić, 40, may be playing his final World Cup
Harry Kane scored 61 goals in 51 matches for Bayern Munich last season

Read on Al Jazeera ↗ also: Bangkok Post Most Recent·Al Jazeera

Lionel Messi records his first hat-trick at a FIFA tournament, scoring three goals.
Argentina defeats Algeria 3-0 in the opening match of the 2026 World Cup.
Messi ties Miroslav Klose with 16 career World Cup goals.

Read on Al Jazeera ↗ also: Al Jazeera·Bangkok Post Most Recent

Portugal took the lead in the 6th minute via Joao Neves' header
DR Congo equalised in first‑half injury time with Yoane Wissa's header
The match ended 1-1, giving both sides one point in Group K
Cristiano Ronaldo's sixth World Cup began without a goal or impact
DR Congo secured their first-ever World Cup point since 1974

Read on Al Jazeera ↗ also: Al Jazeera

Rex Heuermann received a life sentence without parole
He was convicted of murdering eight women at Gilgo Beach
The sentencing concludes a decades‑long investigation

Read on SCMP Economy ↗ also: Al Jazeera

Retired military dog handler Qian Yong opened a clinic in Tangshan, Hebei province.
The clinic offers low-cost treatments for cats and dogs with minimal medical equipment.
Qian Yong, nicknamed "Hua Tuo," has attracted roughly 5 million online followers.
The initiative aims to improve veterinary access in rural China.

Read on SCMP Economy ↗ also: SCMP Economy

Vozinha's mother was unable to travel to the US for the match due to a visa problem
She followed the game from home via television broadcast
Vozinha delivered a standout performance, earning praise as a hero keeper

Read on Al Jazeera ↗ also: Al Jazeera

Norway defeated Iraq 4-1 in Group I of the World Cup.
Erling Haaland netted two goals, his 57th in 51 international appearances.
The win places Norway atop Group I, ahead of France.

Read on Bangkok Post Most Recent ↗ also: Al Jazeera

Individual has $6.5 million in saved assets.
Current annual salary is $200,000.
Contemplating leaving employment to focus on full-time trading.
Decision hinges on risk tolerance and income replacement strategy.

Read on MarketWatch Top Stories ↗

Mother is listed as a co-owner on the deceased grandmother's bank account.
The will specifies that the estate be divided equally among the children.
Siblings may assert a right to a share of the account based on the will's equal division clause.

Read on MarketWatch Top Stories ↗

HKU and CUHK both placed within QS World University Rankings top 20
First simultaneous appearance of two Hong Kong schools in the top‑20
CUHK recorded significant gains in employer reputation score
QS named Hong Kong Asia's most improved higher‑education system for a second consecutive year

Read on SCMP Economy ↗

Al‑Tahir al‑Mardi, an Al Jazeera reporter, was separated from his family for three years due to Sudan's war.
He was reunited with his wife and children in Khartoum on 17 June 2026.
The reunion comes as security conditions in Sudan gradually improve after years of conflict.

Read on Al Jazeera ↗

A lone tree standing amid hundreds of acres of wheat near Xian became a viral photo spot.
Drone footage captured the tree in fog, prompting tourists to flock to the remote location.
The surge reflects China’s growing ‘check‑in’ habit, where social media drives visits to unusual sites.

Read on SCMP Economy ↗

Thieves used a bulldozer to tear an ATM from a bank branch front
The raid was completed in less than four minutes
CCTV footage released by police shows the entire incident

Read on Al Jazeera ↗

Abdul Karim al‑Rimawi spent 25 years in Israeli prisons before his release in June 2026.
His son Majd was born in 2013 through IVF using sperm smuggled from the prison.
The father and son reunited for the first time after the prisoner’s freedom.

Read on Al Jazeera ↗

Luigi Mangione is charged with murder of a Manhattan health insurance executive.
He will argue he was experiencing an extreme mental health crisis at the time of the killing.
The defence could result in a manslaughter conviction, which carries lighter sentences.
Legal experts note psychiatric defences face steep hurdles in murder trials.

Read on SCMP Economy ↗

67% of newlyweds incur wedding debt; 11% use a personal loan.
Good credit secures lower rates; LightStream offers up to $100,000 with no origination fees.
Lenders like Upstart accept credit scores as low as 300, offering $1,000‑$75,000 loans.
Recommendations: use savings first, set a detailed budget, account for fees, and limit new credit inquiries.

Read on CNBC Top News ↗

2025 saw 797 reported sexual offences against children under 17, a 20% jump from 663 in 2024
Case numbers have fluctuated since 2021, with 599 in 2021, 578 in 2022, and 696 in 2023
Hong Kong security minister pledges to tighten protective laws by June 2026

Read on SCMP Economy ↗

Singapore graduate Joel Tan recounts being labeled low-performing despite later success
He urges the education system to look beyond past grades when assessing potential
The address revives discussion on how Singapore can better support 'late bloomers'

Read on SCMP Economy ↗

Roughly 50% of Gen Z say they cannot obtain credit despite wanting to start adulting
Open a secured credit card or become an authorized user to establish initial credit history
Pay all bills on time and keep credit utilization below 30% to improve credit scores
Use credit-builder loans or small installment loans to diversify credit mix
Regularly monitor credit reports for errors and track progress via free credit‑score tools

Read on MarketWatch Top Stories ↗

Police detained a 36-year-old suspect for alleged forced sexual acts involving three men and a teenager.
Charges include non-consensual buggery, unlawful recording of intimate parts, drug possession, and gross indecency.
Alleged incidents occurred from May 2024 through June 2024, with victims aged 19 to 23.
Under Hong Kong law, buggery carries a potential life sentence.

Read on SCMP Economy ↗

Inherited IRA valued at $500,000.
Qualified education expenses can waive the 10% early withdrawal penalty but still incur ordinary income tax.
Options include Roth conversion, 529 plan rollovers, or direct payments, each with distinct tax consequences.
No immediate tax reduction; careful planning needed to minimize overall tax burden.

Read on MarketWatch Top Stories ↗

Cabo Verde held Spain to a 0-0 stalemate in their group-stage match
Thousands gathered in Praia, the capital, to celebrate the result
President Jose Maria Neves called the draw a defining moment for the nation
The draw marks Cabo Verde's first point against a former World Cup champion

Read on SCMP Economy ↗

Zidane Iqbal, 23, debuted for Iraq in the World Cup match against Norway, marking the first player of Pakistani heritage at the tournament.
Iraq lost 4-1 to Norway; Pakistan remains 198th in FIFA rankings and has never qualified for a World Cup.
The Manchester-born midfielder, a former Manchester United academy player now at FC Utrecht, chose Iraq over Pakistan to increase his chances of major tournament play.

Read on Al Jazeera ↗

Mayweather faces felony theft (value $100,000+) and check fraud (value $1,200+) charges in Las Vegas
Alleged $200,000 check written on Dec 31, 2024 to Gold and Beyond with insufficient funds
Potential penalties: up to 20 years prison and $15,000 fine for theft; 1‑4 years and $5,000 fine for fraud

Read on Al Jazeera ↗

FIFA extended an invitation to the YouTuber for the South Korea vs Mexico match on Thursday
The match coincides with the International Day for Countering Hate Speech
FIFA says the event will convey a message of inclusion and respect

Read on SCMP Economy ↗

Police detained the van driver after a collision on the eastbound Tsing Sha Highway near Hoi Lai Estate.
The crash killed a 38-year-old off-duty firefighter from Kwun Tong Fire Station and his 35-year-old wife.
Two other passengers survived the incident, which involved a van and a taxi.
Authorities expressed condolences and offered assistance to the victims' families.

Read on SCMP Economy ↗

Crown Princess Mette-Marit, 52, received a lung transplant.
She was diagnosed with pulmonary fibrosis in 2018.
Hospital says the transplant is successful so far.
Recovery is ongoing with no complications reported yet.

Read on SCMP Economy ↗

Suspect Thanasak Phakchonakorn failed to appear for a police interview scheduled for June 17
He claims to have resigned from the Police Audit and Monitoring Committee, but the committee has not confirmed receipt
Police say the case will be handled without regard to his committee status

Read on Bangkok Post Most Recent ↗

Director of tambon health promotion hospital in Waritchaphum district alleged to have drunk beer while drawing blood from an 83-year-old patient
Incident posted on Facebook on June 15, leading to public criticism and the director's temporary reassignment
Sakon Nakhon PAO launched a fact‑finding investigation and will form a disciplinary committee

Read on Bangkok Post Most Recent ↗

Small plane crashes onto highway in Laredo, Texas
Five people survive, one reported killed
Dramatic rescue efforts by witnesses

Read on Al Jazeera ↗

Austria ended a 28-year World Cup absence.
Austria defeated Jordan 3-1 in Group J opener.
Goals came from Schmid (20'), an own‑goal (69') and a stoppage‑time penalty.

Read on Bangkok Post Most Recent ↗

Born in 1891 into a prominent Qing‑era family with government and merchant ties.
Earned the distinction of being China's first female doctor of law (PhD) in the early 1900s.
Joined revolutionary circles and took part in an assassination as a political activist.
Famous for her defiant motto “no bird in a cage” and lifelong fight for justice.

Read on SCMP Economy ↗

Sub Lt Chinnakorn, 59, shot and killed his superior, Col Kornwikanon, 59, at Kalasin Provincial Hall.
The shooting occurred around 9:20 a.m. on Wednesday on the fourth floor of the provincial building.
Police arrested the suspect at the scene; motive tied to a disputed transfer order to Kamalasai district.
Governor ordered an impartial investigation and support measures for witnesses.

Read on Bangkok Post Most Recent ↗

Jakarta's stray cat estimates vary from 305,000 to 1.5 million
City sterilised 21,000 cats in 2025 and allocated 3.5 billion rupiah for 2026
NGO Let4 Adopt Indonesia spayed and neutered 2,274 cats last year; a recent effort captured 89 cats
Officials target sterilising at least 70% of stray cats to curb exponential growth

Read on Bangkok Post Most Recent ↗

Jason Mraz will headline at Bitec Live in Bangkok on Oct 29, 2026.
The concert is part of his eight‑city Asia tour in October‑November.
It marks his fifth show in Bangkok since his debut.
Tickets are sold through Ticketmelon.

Read on Bangkok Post Most Recent ↗

2025 report shows a sharp drop in spring and summer bird banding totals versus historical averages
Study links the decline directly to increased climate volatility, including heatwaves and early springs
Toronto's Tommy Thompson Park bird station highlights the threat to migratory bird populations

Read on Bangkok Post Most Recent ↗

Earliest known alcoholic beverage dates to ~10,000 years ago, a rice wine from Henan, China
Recent Chinese studies reconstruct ancient brewing methods from archaeological evidence
Discovery of an unopened ancient bottle provides direct insight into early Chinese libations

Read on SCMP Economy ↗

Recording Academy announces five new award categories for 2027, including Best Asian Pop Music Performance
New categories also cover Best R&B Collaboration Performance, Best Traditional Pop Vocal Performance, Best Traditional Folk Album, and Best Latin Song
Best New Artist rules revised to permit up to four submissions instead of three

Read on Bangkok Post Most Recent ↗

Asteroid 34871 was officially named in honor of Ho Wai‑ho, a 37‑year‑old firefighter.
Ho died while rescuing residents during the Wang Fuk Court fire in Tai Po in November 2023.
The naming was proposed by amateur astronomer William Yeung Kwong‑yu, former president of the Hong Kong Astronomical Society.

Read on SCMP Economy ↗