Kawasaki Heavy to raise over $1bn via new shares, bonds for AI investment
Kawasaki Heavy Industries is developing robots for mobility, such as the four-legged Corleo vehicle. (Photo by Eisaku Nitta)
· Staff Writer
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Newest first · UTC+11:00Sony to stop releasing PlayStation games on discs as online sales dominate
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· Reuters
Lakers acquiring Walker Kessler in $130 million sign-and-trade with Jazz
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· Khobi Price
Japan, UK, Italy to consider Canada as observer in fighter jet program
Japan, the U.K. and Italy plan to deploy a mass-production next-generation fighter jet in 2035. © Reuters
· Staff Writer
South Korea embraces 24-hour won trading in break with currency 'trauma'
South Korea's government aims to make the won a more international currency. (Photo by Akira Kodaka)
· Staff Writer
Microsoft to slash thousands of jobs as AI spending concerns fuel third major layoff round in a year: report
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· Taylor Herzlich
Democratic congressman wants a federal investigation into 'rent now, pay later' companies
NEW YORK (AP) — A Democratic member of Congress is calling for the federal government to investigate the growing “rent now, pay later” industry, saying Americans may not understand the fees and cost structure of these products as the services become more widely available.
· Ken Sweet
Rapid demand for AI datacentres in Australia could stoke inflation, experts warn – and crowd out land for housing
Calls are growing for new datacentre approvals to be halted until stronger protections are considered
· Josh Taylor, Luca Ittimani
The world is lurching from one economic crisis to the next. What should we expect from our government? | Nicki Hutley
Tough times around the world mean governments are under pressure to provide more support. But just what is reasonable for us to ask?
· Nicki Hutley
Iraq signs non-disclosure deal with Chevron to assess West Qurna 2 oilfield | The National
The Basra Oil Company (BOC) has signed a non-disclosure agreement with US energy giant Chevron to “regulate data exchange for evaluating” the vast West Qurna 2 oilfield, Iraq’s Ministry of Oil said on Wednesday.
· Sinan Mahmoud
WTI Holds Losses As SPR Drain Slows, Cushing Just Off 'Tank Bottoms'
Oil extended its biggest quarterly drop since the pandemic this morning as traders monitored US-Iran peace talks and a market for real-world barrels that’s been in freefall.
· Tyler Durden
BYD's first-half sales fall 16% on China's EV subsidy changes
A BYD vehicle on display in Beijing. More than half of the Chinese automaker's sales are in the domestic market. (Photo by Shizuka Tanabe)
· Staff Writer
China’s Fifa fever, EU’s trade deadline: 7 global relations reads
From the Quad’s critical mineral agenda to Shein’s Paris ousting, here are highlights from the SCMP’s overseas correspondents in June 2026
· SCMP
China’s Fifa fever, EU’s trade deadline: 7 global relations reads
From the Quad’s critical mineral agenda to Shein’s Paris ousting, here are highlights from the SCMP’s overseas correspondents in June 2026
· SCMP
Microsoft Plans Thousands Of Job Cuts As Stock Suffers Worst Start In Years
Microsoft shares are on track for one of their worst starts to a year in two decades, down roughly 21% year to date as of Tuesday’s close, as a cloud and sales hiring freeze and a broader “reset” of the Xbox unit have made recent headlines. This comes on top of growing concern over Microsoft’s AI spending boom.
· Tyler Durden
Meta contractors posed as teens to test rival AI chatbots on suicide, sex and drugs: report
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· Ariel Zilber
Meta pops 8% as company makes cloud push to sell excess AI compute power capacity
Shares of Meta popped 8% on Wednesday on news that the company is building out a new cloud business that could help recoup some of the billions of dollars it's poured into artificial intelligence infrastructure.
· Ashley Capoot
US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease
With 'hard data' having deteriorated recently (except in the labor market), 'soft' survey data has been surprisingly strong (especially in the Manufacturing side of the economy).
· Tyler Durden
Warsh vows an independent Fed and 2% inflation target, dimming Trump's hopes for rate cuts
Federal Reserve Chairman Kevin Warsh speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, June 17, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
· Christopher Rugaber
Australia’s mortgage burden is now above 1989 levels – when interest rates were 17%
KPMG analysis rebuts claims older generations had it harder when it came to buying and paying off a home
· Patrick Commins
Super-sized mortgages giving Australians a massive interest rate headache
The super-sized mortgages Australians need to buy into the property market have left most borrowers weighed down by interest bills even larger than when official interest rates were almost 20 per cent, new research of the housing sector has revealed.
· Shane Wright, Melissa Heagney-Bayliss
‘World without bearings’: Lorenzi warns of economic conflict and unplottable solutions
Prominent French economist warns that Europe must reach strategic pact with Beijing and enact structural reforms as global order enters volatile era
· Xiaofei Xu
‘World without bearings’: Lorenzi warns of economic conflict and unplottable solutions
Prominent French economist warns that Europe must reach strategic pact with Beijing and enact structural reforms as global order enters volatile era
· Xiaofei Xu
Has Starmer left a £5bn defence funding hole for Burnham?
The Defence Investment Plan (DIP) increases military spending by £15bn over the next four years and Prime Minister Sir Keir Starmer has described this as "a historic shift", although critics say that this new money is still insufficient to keep the country safe.
· Bbcnews
Australian unicorn Airwallex plans expansion of Israel operations following $11 billion valuation
Australian unicorn Airwallex announced on Sunday plans to expand its recruitment operations in Tel Aviv following a new $320 million investment round that put its valuation over the $11 billion mark.
· TOBIAS HOLCMAN
Delegates at Syria-UK meeting express optimism about economic recovery | The National
Delegates at a Syrian-British business meeting in Damascus on Wednesday cracked jokes and were sanguine about Syria’s prospects of emerging from its economic difficulties with international help, 18 months after the ousting of Bashar Al Assad.
· Khaled Yacoub Oweis
Warum Weidel und Chrupalla den Parteitag fürchten
Ein Analyse-Podcast von POLITICO Deutschland. Wöchentlich, in 25 Minuten.
· Pauline von Pezold, Frederik Schindler
US-based ‘Amazon of South Korea’ forced to recover laptop from bottom of Chinese river in bizarre data privacy clampdown: report
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· Thomas Barrabi
From ultraviolet outfits to oodles of poodles: best of the 2026 iPhone photography awards – in pictures
More on this storyBookshops offer much more than just retail – but who would open one in this economy?The Three Musketeers: D’Artagnan brings genuine thrills – and a massive budget – to a well-trodden taleNo God But Us by Bobuq Sayed review – a buzzy and political queer love storyThe show must go on: musical theatre…
Will Budweiser Brewing’s China sales improve on back of AB InBev’s World Cup sponsorship?
Goldman Sachs analysts say weak catering traffic is brewer’s biggest headwind, while “super premium” products are outperforming
· Zhu Wenqian
Will Budweiser Brewing’s China sales improve on back of AB InBev’s World Cup sponsorship?
Goldman Sachs analysts say weak catering traffic is brewer’s biggest headwind, while “super premium” products are outperforming
· Zhu Wenqian
South Korean government discriminated against Coupang, U.S. companies, House report finds
The South Korean government has used its regulatory authority to discriminate against U.S. companies and has waged an unprecedented campaign against online retailer Coupang, according to a House Judiciary Committee report released Wednesday.
· Justin Papp
UAE contractors are absorbing higher building costs amid supply chain changes, Moody's says | The National
UAE contractors are absorbing higher costs of building materials in order to preserve growth in the country's real estate market in the aftermath of the Iran war, a Moody's report has found.
· Alvin R Cabral
US cooking oil market shrinking due to Ice pressures on Latino households, Mazola owner says
Economic squeeze and anti-immigration raids have hit Hispanic communities, prompting people to shop online and reuse oil
· Sarahbutler
Iran president says some financial restrictions eased, Trump hails 'excellent meeting' with Tehran
President Masoud Pezeshkian has announced the easing of some financial and foreign-exchange restrictions included in Iran's ongoing talks with the US, Iran's Fars news agency is reporting.
· Middleeasteye
Futures Fall To Start Now Quarter With Warsh Sintra Comments On Deck
US equity futures point to a softer start to the third quarter as investors await a fresh batch of economic data and the first major overseas appearance by Fed Chair Kevin Warsh. As of 8:20am ET, S&P futures are down 0.2%, off session lows, while Nasdaq futures are down 0.6: techs lags following NDX’s 3.9% gain over…
· Tyler Durden
Top diplomats of S. Korea, Guatemala discuss FTA, development cooperation
Foreign Minister Cho Hyun met with his Guatemalan counterpart, Carlos Martinez, in Seoul on Wednesday and discussed ways to strengthen bilateral cooperation on trade, development assistance and other issues of mutual interest, Seoul's foreign ministry said.
· Yonhap
ADP Employment Report Shows 12th Straight Month Of Job Gains
With jobless claims still hovering near multi-decade lows and Job Openings soaring, and despite near record low consumer sentiment (particularly about the labor market), ADP was expected to report another strong employment report this morning with the US economy adding 120k jobs.
· Tyler Durden
Private payrolls rose by 98,000 in June, less than expected, ADP reports
Companies added slightly fewer workers than expected in June, with hiring targeted heavily toward healthcare-related sectors, ADP reported Wednesday.
· Jeff Cox
EU rules on small packages and steel eye huge trade imbalance with China
The ArcelorMittal steel plant sits in Fos-sur-Mer, southern France, Monday, Nov. 7, 2022.(AP Photo/Daniel Cole, File)
· Sam Mcneil
Nike Turnaround Falters As UBS Says There's "No Reason To Buy" Stock
Nike shares fell 3% in premarket trading after the struggling athletic apparel giant warned on its earnings call that revenue declines over the next two quarters will be worse than previously expected, underscoring that there is still no immediate turnaround to halt a multi-year bear market that has driven the stock…
· Tyler Durden
Progressive primary victories have corporate Democrats panicking | Norman Solomon
The success of democratic socialists has led to an establishment backlash, fueling divisions over how to respond
· Norman Solomon
Visa-free ‘dividends’: China drawing a boom in foreign visitors this summer
A growing number of foreign travellers are taking advantage of looser rules to venture inland, fuelling a shift away from traditional hotspots
· June Xia
Visa-free ‘dividends’: China drawing a boom in foreign visitors this summer
A growing number of foreign travellers are taking advantage of looser rules to venture inland, fuelling a shift away from traditional hotspots
· June Xia
Kalshi promo code NYPMAX: Trade $10, get $15 for Wednesday’s World Cup games
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· Mike Turay
Blue Jackets star Zach Werenski vetoes trade to Stars in shocking power play
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· Collin Ward
Buy the UK DIP? Defense stocks lifted by $20 billion spending boost as gilts come under fire
British defense stocks are marching higher once again after the U.K. confirmed a near-$20 billion military spending boost on Tuesday — but the country's fiscal woes could ultimately slam the brakes on investment, analysts say.
· Mike Sheen
Nearly three in four US scam victims report mental health harm, poll finds
A tenth of adults in the United States directly or indirectly experienced a scam last year, adversely affecting their financial and emotional wellbeing, according to a new Gallup poll.
· Al Jazeera
Up to 150 ex-WHSmith High Street stores to close as resue deal approved
The owner of TG Jones, WH Smith's former High Street business, has won approval for a sweeping restructuring which will see up to 150 shops close as well as steep rent cuts on most of the remaining stores.
· Bbcnews
Trump’s affordability crisis hits his supporters hardest as he calls housing bill of ‘minor importance’
A housing shortfall, record home costs and cuts to subsidies are intensifying the US affordability crunch
· Eduardo Porter