The calm in Hormuz could be dangerously brief
By Oleg Akulinichev, Orientalist and Deputy Chair of the Russian-Iranian Business Council under the Russian Federation Chamber of Commerce and Industry
· RT
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Newest first · UTC+11:00The calm in Hormuz could be dangerously brief
By Oleg Akulinichev, Orientalist and Deputy Chair of the Russian-Iranian Business Council under the Russian Federation Chamber of Commerce and Industry
· RT
Ofori-Atta's reported US residency approval raises questions amid Ghana corruption probe
Former Ghanaian Finance Minister Ken Ofori-Atta has reportedly secured approval to continue the process of obtaining lawful permanent residency in the United States, according to claims made by his legal team.
· AfricaNews
Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID
China’s consumer spending and investment slumped in May to levels unseen since the pandemic, exposing risks for an increasingly two-speed economy, as Bloomberg's Chang Shu and Eric Zhu noted:
· Tyler Durden
Fujitsu chair resigns after ‘woman-related inappropriate conduct’
Japanese technology company at centre of Post Office IT scandal is negotiating settlement with UK government over faulty software
· Juliakollewe
SpaceX to acquire the AI coding startup Cursor for $60 billion
SpaceX on Tuesday announced it entered a formal agreement to buy the artificial intelligence startup Cursor for $60 billion worth of stock, a hotly anticipated deal.
· Ashley Capoot
A floating market and the Soweto uprising 50 years on: photos of the day – Tuesday
View image in fullscreenÉvian-les-Bains, France Donald Trump holds up a gift from the German chancellor, Friedrich Merz, at the G7 summitPhotograph: Thibault Camus/AFP/Getty ImagesShareView image in fullscreenEvian-les-Bains, FranceThe French president, Emmanuel Macron, greets his Ukrainian counterpart, Volodymyr Ze…
US Housing Starts Collapsed In May To Lowest Since COVID
With housing inventories at recent highs, the US housing market just suffered another sentiment setback as Housing Starts crashed by 15.4% MoM in May (far worse than 2% drop expected and worse since March 2024)), following a revised 8.5% MoM drop in April. Building Permits slipped 0.7% MoM (in line with expectations…
· Tyler Durden
Smotrich cancels Hebron Protocol, ending Palestinian control in occupied city
Israeli Finance Minister Bezalel Smotrich announced on Monday that the “Hebron Agreements were cancelled”, a move that strips the Palestinian Hebron Municipality of its authority over construction projects in the occupied West Bank city.
· Middleeasteye
Stock Rally Pauses As Attention Turns To Warsh's First FOMC
US futures are flat, pausing after a three-day rally with investors shifting their focus to this week's FOMC meeting, Kevin Warsh's first, which begins today. As of 8:00am ET, S&P futures are up 0.1% after surging 2% on Monday; and Nasdaq futures gain 0.3%, as SpaceX continued to surge, rising 11% overnight and on t…
· Tyler Durden
Hong Kong property tycoon Mico Chung cashes out of US$13.4 million Peak home
Hong Kong’s luxury property market sees another big-ticket deal as a Peak mansion changes hands
· Cheryl Arcibal
Hong Kong property tycoon Mico Chung cashes out of US$13.4 million Peak home
Hong Kong’s luxury property market sees another big-ticket deal as a Peak mansion changes hands
· Cheryl Arcibal
Hong Kong Science Park, SenseTime partner to build home-grown AI data centre
Project to be built in three stages, targeting 40,000 petaflops of computing power by 2030 to drive sector’s industrialisation
· Eric Jiang
Hong Kong Science Park, SenseTime partner to build home-grown AI data centre
Project to be built in three stages, targeting 40,000 petaflops of computing power by 2030 to drive sector’s industrialisation
· Eric Jiang
3D printing company Divergent unveils technology to increase output by 8x: ‘Respond to changing demand far more quickly’
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· Lydia Moynihan
India suspends Telegram over medical entrance exam fraud concerns | The National
India's government has suspended Telegram, saying the social media platform had been used to defraud and mislead candidates taking a national medical entrance examination after alleged leaks of a test paper.
· The National
Kalshi promo code NYPMAX: Trade $10, get $10 for France vs. Senegal
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· Michael Leboff
Georgia runoffs to settle GOP candidates for Senate, governor
Gov. Brian Kemp, center left, and Republican U.S. Senate candidate Derek Dooley greet supporters at campaign stop for Dooley at Farmview Market in Madison, Ga., on May 8, 2026. (Arvin Temkar/Atlanta Journal-Constitution via AP, File)
· Bill Barrow
BOJ hikes rates as deputy head warns inflation risks and Iran uncertainties
Following a two-day board meeting, BOJ decided to lift its policy rate by a quarter point to 1%. (Photo by Nanami Sato)
· JADA NAGUMO
Vietnam group plans $360m plane repair hub with Hong Kong, Japan partners
A rendering shows the planned aircraft maintenance facility at northern Vietnam's Van Don International Airport. (HAECO)
· Staff Writer
Is China sleepwalking down Japan’s zombie economy path?
Keep independent journalism alive
· Noah Smith
Trump’s Anthropic crackdown sets off AI alarms for U.S. allies
With the recent crackdown on Anthropic, the White House has given global leaders another reason to panic about their place in the technology race.
· Mark Bergen
Will a US-Iran deal unlock $300bn in investment fund for Tehran?
The US-Iran memorandum of understanding expected to be formally signed in Switzerland on Friday could allow for the establishment of a $300bn investment fund for Iran, as part of a broader settlement to end the war that triggered a global energy crisis and upended markets worldwide.
· Federica Marsi
Chinese shoppers prefer domestic brands, but not when it comes to these few categories
Localised strategies and high-quality reputations help products from Japan, Switzerland, South Korea and the US build consumer affinity
· Zhu Wenqian
Chinese shoppers prefer domestic brands, but not when it comes to these few categories
Localised strategies and high-quality reputations help products from Japan, Switzerland, South Korea and the US build consumer affinity
· Zhu Wenqian
China’s green energy drive shores up factories against El Nino, limiting outage odds
Manufacturers less fearful of electricity rationing following big changes to the national grid since earlier power crises
· He Huifeng
China’s green energy drive shores up factories against El Nino, limiting outage odds
Manufacturers less fearful of electricity rationing following big changes to the national grid since earlier power crises
· He Huifeng
Where Yankees should be looking as MLB trade deadline comes into focus — including at shortstop
The Yankees can get to a World Series with Anthony Volpe as their shortstop. There is proof of concept. They already have done it. And, not only that, Volpe played at a high level in the 2024 postseason.
· Joel Sherman
US Residential Solar Installations Set To Stall For Years As Market Hits Wall
Residential solar in the US is actively cratering after President Trump's One Big Beautiful Bill resulted in the sunsetting of a key tax credit for homeowners last year - which will result in a prolonged slump in installations, according to Bloomberg New Energy Finance (BNEF).
· Tyler Durden
EU Parliament passes transatlantic trade deal
The European Parliament approved legislation on Tuesday to implement the EU’s trade deal with the United States, marking one of the final hurdles in a process that has repeatedly frustrated the Trump administration.
· Camille Gijs
Motorsport new battleground for Chinese carmakers as Geely and BYD rev up global drive
Geely sets sights on China hosting the Superbike World Championship after BYD reveals it is exploring options to enter Formula 1
· Daniel Ren
Motorsport new battleground for Chinese carmakers as Geely and BYD rev up global drive
Geely sets sights on China hosting the Superbike World Championship after BYD reveals it is exploring options to enter Formula 1
· Daniel Ren
DOE: Bringing fuel prices to pre-war levels may take up to 12 months
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· Tati Maligro
New Zealand’s World Cup goalscoring hero has Chinese mother, makes history for Motherwell
Well-traveled Elijah Just has played more than 30 times for the All Whites and currently plies his trade in the Scottish league
· Andrew Scott
New Zealand’s World Cup goalscoring hero has Chinese mother, makes history for Motherwell
Well-traveled Elijah Just has played more than 30 times for the All Whites and currently plies his trade in the Scottish league
· Andrew Scott
Trump admin open to talks with Anthropic over foreigner ban
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· James Franey
U.K. Sanctions Russia’s New Arctic LNG Fleet in War Economy Crackdown
Britain on Tuesday became the first G7 country to sanction ships newly acquired by Russia to export liquefied natural gas from its sanctioned Arctic LNG 2 project.
· The Moscow Times
Christie’s to open posh wine store in Rockefeller Center — and it got help from NY lawmakers to make it happen
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· Lisa Fickenscher
Uber, Lyft sell virtually identical rides at vastly different prices, offer fake discounts using AI-driven pricing: bombshell investigation
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· Taylor Herzlich
High-profile private equity boss faces investigation following car crash
One of the world’s largest private equity firms, TPG Capital, has launched an investigation into the circumstances surrounding an alleged car crash involving the firm’s high-profile Australian boss and separate allegations raised following the collision.
· John Buckley
Bank of Japan rate hike greeted with a market shrug
Keep independent journalism alive
· William Pesek
Japan's Nikkei clears 70,000 briefly on BOJ relief
After raising its policy rate to 1% on June 16, the Bank of Japan helped send the Nikkei Stock Average over the 70,000 mark for the first time. (Photo by Shintaro Ino)
· Staff Writer
China to raise power prices for energy-intensive sectors in green transition push
Beijing’s latest road map aims to cut carbon emissions by 200 million tonnes by 2028 – but analysts say implementation may vary across regions
· Emma Ma
China to raise power prices for energy-intensive sectors in green transition push
Beijing’s latest road map aims to cut carbon emissions by 200 million tonnes by 2028 – but analysts say implementation may vary across regions
· Emma Ma
Treasury yields fall ahead of Kevin Warsh's first Fed meeting
U.S. Treasury yields fell on Tuesday as investors look ahead to the Federal Reserve's two-day policy meeting, and expectations for inflation and interest rate hikes continue to ease.
· Joseph Wilkins
South African artists lose gigs across Africa amid xenophobia tensions
South Africa has admitted that growing accusations of xenophobia are beginning to hurt its economy, with local artists and businesses facing setbacks in other African countries.
· AfricaNews
SoftBank and OpenAI team up to shield Japan from cyberattacks
Masayoshi Son, left, chairman and CEO of SoftBank Group, speaks as Mark Chen, chief research officer for OpenAI, listens during a talk at their business event at a hotel in Tokyo, Tuesday, June 16, 2026. (AP Photo/Hiro Komae)
· Yuri Kageyama
China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
WASHINGTON — For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America.
· Associated Press
Kyle Sandilands closes in on $15m settlement with KIIS FM owner
Kyle Sandilands is closing in on a settlement agreement with his former employer, KIIS network owner ARN media, worth up to $15 million, as part of a deal that would bring to an end one of two high-profile legal battles involving the company and avert a blockbuster trial.
· John Buckley, Kishor Napier-Raman, Fiona Byrne
European summer back on with Middle East route hurdle removed
The Australian government is poised to lower its travel warnings for the key Middle East hubs of Dubai and Abu Dhabi as soon as Wednesday, removing a major hurdle for travellers to buy travel insurance for flights via the region.
· Chris Zappone