Europe rallies around tough new China strategy ahead of key summit
Broad coalition of EU members support new trade strategy to prevent China causing European deindustrialisation as key Brussels summit looms
· Finbarr Bermingham
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Newest first · UTC+11:00SpaceX ‘flippers’ have seller’s remorse after 50% climb, though traders wonder whether hot streak will last
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· Taylor Herzlich
Iran deal reportedly includes $300 billion investment fund, majority already committed
A $300 billion private fund designed to trigger investment into Iran is outlined in the US-Iran framework agreement and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters.
· REUTERS
Cuba’s Communist Party convenes extraordinary session to debate economic reforms
Raul Castro, right, watches the May Day parade accompanied by Cuba’s President Miguel Diaz-Canel, second left, and Castro’s grandson, Raul Guillermo Rodriguez Castro, center, at Revolution Square in Havana, May 1, 2025. (AP Photo/Ramon Espinosa, File)
· Andrea Rodr Guez
Marcos to push security, trade, energy cooperation in Russia visit
PRESIDENT Ferdinand Marcos Jr. said that enhancing cooperation in security, trade, energy, food security, and other key areas would top his agenda during his visit to Russia.
· Catherine S. Valente
Scars concealed, strength revealed
THE Filipino nation has been tempered like steel in the furnace of history, shaped by centuries of trial and transformation. From earthquakes that shook the land to storms that battered our shores, from the shackles of poverty and injustice to the labyrinths of governance, our people have walked through fire. Yet, l…
· Glenn S. Banaguas
China automakers leap forward in internal combustion engine tech
Chery Automobile says that its KunPeng Sky Optimus engine has the best thermal efficiency. (Photo by Tomoko Wakasugi)
· Staff Writer
Stock market plunges 2.1% ahead of BSP policy meeting
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· Nazylen Joy Mabanglo
Insurers told to expedite claims in quake-hit areas
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· Niña Myka Pauline Arceo
GCash parent firm gears up for IPO
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· Nazylen Joy Mabanglo, Ed Paolo Salting
GIobal protection sought for Bohol’s Kinampay ube
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· Chynna Grace Ong
Dollar bond sale raises $2.5B
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· Niña Myka Pauline Arceo
Peace deal will not bring instant relief
AFTER nearly four months of war, the United States and Iran have finally confirmed that a preliminary deal to end their conflict has been agreed, and is expected to be signed in Switzerland on Friday, June 19. This is welcome news for us here in the Philippines, as we have been hit hard by skyrocketing fuel prices, …
· The Editorial Board
Coal prices soar on Indonesia export controls, China mine disaster
Starting this month, Indonesia's thermal coal exporters must now report to a new state-owned company. © Reuters
· Staff Writer
Snap's Goofy AR Glasses Underwhelm Wall Street After Decade-Long Development Push
Snap's new $2,195 augmented-reality glasses are being viewed by Wall Street analysts less as a mass-market consumer device and more as a developer kit, given the expensive price point.
· Tyler Durden
Iranians find little cause for celebration in US peace deal: ‘99% in survival mode’
Beaten down by sanctions, inflation and crackdowns, Iranians say they don’t envision a brighter future even with a ceasefire
· Reuters
Iranians find little cause for celebration in US peace deal: ‘99% in survival mode’
Beaten down by sanctions, inflation and crackdowns, Iranians say they don’t envision a brighter future even with a ceasefire
· Reuters
Inside Peter Thiel’s secretive, invite-only club: Sex, cult-building and World War III
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· Ariel Zilber
UAE bourses hit highest levels in three months amid US-Iran peace deal optimism | The National
Stock markets in Abu Dhabi and Dubai recorded their highest close in three months amid optimism generated by a US-Iran peace deal that has eased tensions across the Middle East.
· Fareed Rahman
Starmer, Modi agree to implement UK-India trade deal from July 15
LONDON — U.K. Prime Minister Keir Starmer and India’s Narendra Modi agreed on the sidelines of the G7 leaders summit to implement the trade deal they signed nearly a year ago.
· Graham Lanktree
The hidden homebuying crisis keeping Americans out of the market — and it’s not what you think
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· Fox News
Why Jeff Bezos predicts AI will create labor shortage amid his space rivalry with Elon Musk
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· Reuters
Allbirds continues AI pivot with name change and CEO hire, sending stock soaring
Two months after its unexpected artificial intelligence rebrand, Allbirds is changing its name to Smartbird and appointing a new chief executive.
· Samantha Subin
The $300 Billion Wager: Inside The Private Fund At The Center Of The U.S.-Iran Framework
A proposed $300 billion investment fund has emerged as one of the most consequential-and politically explosive-features of the U.S.-Iran framework agreement, turning what began as a war-ending diplomatic effort into a test of whether private capital can be used as a substitute for reparations, sanctions relief and s…
· Tyler Durden
Sudanese victims ask ICC to investigate Emiratis over RSF atrocities in el-Fasher
A group of Sudanese survivors has asked the International Criminal Court to investigate senior Emirati officials and business figures over their alleged backing of Rapid Support Forces (RSF) atrocities in Darfur.
· Middleeasteye
Northern Lebanon airport revival brings economic hope for the region
Beirut, Lebanon – On June 6, Lebanon’s second airport received a flight carrying a number of officials, including Prime Minister Nawaf Salam.
· Justin Salhani
The bleak view that unemployment needs to rise shows the RBA acts firstly in the interests of companies, not workers | Greg Jericho
The Reserve Bank governor has made clear the cash rate has been increased not to reduce inflation but to make it harder to bargain for higher wages
· Greg Jericho
U.S. Open first-round leader prediction: Place stock in two proven players at Shinnecock
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· Sean Treppedi
Stop blaming shoppers for fast fashion: Israel's government should fix the market - opinion
How many weddings do you have this month, and what are you going to wear?
· SHANI SHEINBLAT
China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
WASHINGTON (AP) — For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America.
· Paul Wiseman
Dollar General answers customer inflation woes by pricing down over 2,000 items to just $1 or less
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· Aurielle Weiss
Delta Air Lines adds Shanghai flights amid thaw in China-US economic relations
Carrier says LA-Shanghai service is being expanded ‘in response to customer demand’
· Ralph Jennings
Delta Air Lines adds Shanghai flights amid thaw in China-US economic relations
Carrier says LA-Shanghai service is being expanded ‘in response to customer demand’
· Ralph Jennings
Putin hosts leaders of Southeast Asian nations, seeking to boost their business ties
MOSCOW — Russia’s President Vladimir Putin is hosting leaders of the Association of Southeast Asian Nations at a meeting Wednesday that seeks to bolster business and other ties with members of the regional bloc.
· Associated Press
"Late Spring Buyer Rush": US Pending Home Sales Just Surged By The Most In Almost 2 Years
Pending home sales in the US were expected to rise for the fourth straight month in May and they did with a huge beat (+3.8% MoM vs +0.9% MoM exp - above the highest analysts estimate), which was slightly offset by a downward revision for April (from +1.4% to +0.3%).
· Tyler Durden
‘You’d have to be an imbecile’: Clash over new network charges for solar and batteries
Energy Minister Chris Bowen has opposed the electricity market regulator’s controversial plan to raise the cost of connecting to the electricity network, fuelling a clash over the charges to be levied on home owners who have installed batteries.
· Mike Foley, Nick Toscano
Leaders of S. Korea, Kenya hold talks on cooperation in economy, development
EVIAN-LES-BAINS, France, June 17 (Yonhap) -- South Korean President Lee Jae Myung held summit talks with Kenyan President William Ruto on Wednesday on the sidelines of the Group of Seven summit in Evian-les-Bains, France, to discuss cooperation in the economy, development and other areas.
· Park Boram
Netherlands hosts Japan’s emperor Naruhito to boost 400-year ties
King Willem-Alexander and Queen Máxima hosted a formal ceremony at the Royal Palace, where the royal couples stood for the Dutch and Japanese national anthems and reviewed a ceremonial guard of honour. Children waving Dutch and Japanese flags gathered outside the palace as the imperial and royal families greeted gue…
· AfricaNews
6 ice cream makers raided in Japan in price fixing investigation
TOKYO (AP) — Japanese government fair trade watchdog officials have raided six major ice cream makers on suspicion of price fixing.
· Yuri Kageyama
Hot Mic Moments Catch Trump and Other G7 Leaders Mentioning Geopolitics and Greenland
As at many diplomatic gatherings, the real action at the annual Group of 7 summits often occurs on the sidelines, where world leaders mingle and make small talk that occasionally gets picked up by lurking microphones. These hot mics, as they are known, seemed to be working overtime on Tuesday, recording snippets of …
· Mark Landler
Japan raids ice cream companies over alleged price fixing cartel
Topic:Business and Industry Regulation
Construction equipment multinationals may be aiding Israeli war crimes, experts say
Images show Israeli military using six companies’ bulldozers and excavators to demolish south Lebanon villages
· William Christou
IEA warns of slow Gulf oil recovery even as Hormuz deal nears | The National
Global oil supply and demand will both contract sharply this year as the fallout from the Iran war ripples across products and regions, with only a gradual recovery in Gulf exports and output ahead, the International Energy Agency said on Wednesday.
· Fareed Rahman
UK's Revolut expands UAE partnerships before full-scale launch | The National
UK financial technology company Revolut is working to expand its partnership base in the UAE, as it secured key licences from authorities to bring it a step closer to launching full-scale operations in the Emirates.
· Alvin R Cabral
Retail Sales up 0.9% in May as the weather improved and gasoline prices cooled
A employee works at a cash register in a grocery store in Schaumburg, Ill., Thursday, May 14, 2026. (AP Photo/Nam Y. Huh, File)
· Anne Dinnocenzio
Futures Fade Overnight Gains As Attention Turns To Kevin Warsh's First Fed Decision
US futures are attempting to bounce back from yesterday’s losses on Wall Street led by Tech. As of 8:00am ET, Nasdaq 100 futures lead the charge, with gains of 0.5% versus 0.1% for the S&P 500 future, although both are off session highs. SpaceX’s post-IPO surge continues, with shares adding another 3% in the pre-mar…
· Tyler Durden
Is the US warming up to Hong Kong? High-level meeting with business group signals shift
AmCham HK delegation expected to meet high-ranking US State Department official as part of annual trip to Washington, sources say
· William Zheng
Is the US warming up to Hong Kong? High-level meeting with business group signals shift
AmCham HK delegation expected to meet high-ranking US State Department official as part of annual trip to Washington, sources say
· William Zheng
Asian streaming services go big on microdramas and AI content
Major Asian streaming services are doubling down on micro dramas and artificial intelligence to generate content. (Photo by Natsumi Kawasaki)
· NATSUMI KAWASAKI
China moves to end ‘irrational’ food-delivery subsidies and the sector’s price wars
Regulators target predatory pricing and merchant coercion, with new rules requiring that tech giants disclose subsidy data and not disrupt the market
· Xiaofei Xu