Up to 200 staff to go as Seven’s owner swings the axe
Seven Network staff are bracing for mass job cuts, with up to 200 roles expected to be axed this week.
· Calum Jaspan
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Newest first · UTC+11:00Economists: Inflation likely rose to 4.2% in May, the third straight monthly jump
As the daytime high temperature soars into the 80s, a United States Postal Service postman keeps cool by standing in the shade of a gasoline station sign posting the per-gallon prices for the various grades of fuel available Thursday, June 4, 2026, in central Denver. (AP Photo/David Zalubowski)
· Christopher Rugaber
Moonlight drill results build Qld gold system scale
Moonlight Resources has tabled another swag of broad, near-surface gold hits from drilling at its Clermont project in Queensland, with the latest results successfully extending the company’s Leo Grande Central prospect towards its Leo Grande South target area.
· Doug Bright
Like Hong Kong, Singapore proves itself a vital ‘superconnector’ economy
Readers discuss the critical role of superconnectors in a fragmented global economy, China’s ability to thrive in the face of adversity, and US sanctions on Cuba
· Letters
Like Hong Kong, Singapore proves itself a vital ‘superconnector’ economy
Readers discuss the critical role of superconnectors in a fragmented global economy, China’s ability to thrive in the face of adversity, and US sanctions on Cuba
· Letters
Malaysia's Anwar warns against global powers weaponizing trade
Malaysian Prime Minister Anwar Ibrahim delivers a speech during Nikkei's Future of Asia forum in Tokyo on June 10. (Photo by Sae Kamae)
· Staff Writer
Are Hong Kong civil servants being punished for Tai Po fire with flat 2% pay rise?
Unions argue that an across-the-board pay rise of 2 per cent will not offset inflation or reflect overall performance
· Edith Lin
Are Hong Kong civil servants being punished for Tai Po fire with flat 2% pay rise?
Unions argue that an across-the-board pay rise of 2 per cent will not offset inflation or reflect overall performance
· Edith Lin
Ferrari Luce EV highlights European struggle to lure back China's superrich
Ferrari's first fully electric car, the Luce, marks a major design departure for the legendary brand. (Ferrari via Reuters)
· Staff Writer
Corporate growth slows, but profitability improves in 2025: BOK
SEOUL, June 10 (Yonhap) -- South Korean companies reported slower sales growth in 2025 due to a global oversupply of petrochemicals, but their profitability improved on higher semiconductor prices, the central bank said Wednesday.
· Kim Boram
UAE exchange houses and banks record sharp rise in salary processing as deadline takes effect | The National
Exchange houses and banks have reported a sharp surge in payroll activity in the first week of June as new rules requiring private sector employers to pay salaries by the first of each month came into force last week.
· Katy Gillett
A UAE careers fair has shown how to fix 'broken' recruitment | The National
“AI has broken hiring”: This was the stark claim from Shraddha Sunil and Mudit Saraf, two tech entrepreneurs writing in the Harvard Business Review on Monday. A look at the fraught world of modern recruitment – and the evident frustration of jobseekers and employers alike – reveals why many people might agree that t…
· The National Editorial
ECB, BoE weigh ‘two possible mistakes’ as Iran war bites
European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey will spend the summer trying to shake off the ghosts of their past inflation mistakes as they move to combat spiraling prices.
· Johanna Treeck, Hannah Brenton
US blockade of Cuba killing children – UN commissioner
Children in Cuba are dying amid acute shortages of essential medical supplies caused by US-imposed economic sanctions, United Nations High Commissioner for Human Rights Volker Turk has said.
· RT
US blockade of Cuba killing children – UN commissioner
Children in Cuba are dying amid acute shortages of essential medical supplies caused by US-imposed economic sanctions, United Nations High Commissioner for Human Rights Volker Turk has said.
· RT
China’s consumer prices see May uptick as oil shock inflates factory-gate costs
The mild increase in consumer inflation, attributed to higher AI demand and global price fluctuations, fell slightly short of market expectations
· June Xia
China’s consumer prices see May uptick as oil shock inflates factory-gate costs
The mild increase in consumer inflation, attributed to higher AI demand and global price fluctuations, fell slightly short of market expectations
· June Xia
Critical hits multiple pegmatites in Canadian lithium blitz
Critical Resources has kicked down the door on a previously underexplored area of its flagship Mavis Lake lithium project in Ontario, Canada, identifying a swarm of 14 separate pegmatite bodies, including six new discoveries during a recently completed field program.
· Murray Ward
‘Deeply disappointing’: Arts company folds after more than four decades
Sydney’s music scene has been rocked by the news that a leading Australian professional vocal ensemble has folded, in a further indication of the dire financial straits of the arts during the cost-of-living crisis.
· Linda Morris, Kayla Olaya
Barkly scores NT cash for rare earths met work
Newly-listed Barkly Rare Earths has pocketed a $100,000 grant from the Northern Territory Government, as it jostles to get a metallurgy at its namesake rare earths project, about 350km northeast of Tennant Creek.
· Andrew Todd
‘Grandpa in a bunker’: is Putin losing control? - podcast
Russian affairs reporter Pjotr Sauer on Vladimir Putin’s increasing isolation – and seeming paranoia – as ordinary Russians become more restive over the toll of the war in Ukraine and a struggling economy at home
UAE venues aim for World Cup cash-in to revive profits | The National
Hotels and hospitality venues across the UAE are anticipating a World Cup boost and financial relief from three months of instability caused by regional conflict.
· Nick Webster
Chinese pharmaceutical firms’ cost advantages trump Pentagon blacklist: analysts
Growing collaboration between multinational drug makers and Chinese companies not expected to slow after US move
· Julie Zhang
Chinese pharmaceutical firms’ cost advantages trump Pentagon blacklist: analysts
Growing collaboration between multinational drug makers and Chinese companies not expected to slow after US move
· Julie Zhang
Hyundai Motor ramps up autonomous driving through global partnership: official
Hyundai Motor Group is pursuing global partnerships to accelerate the development and commercialization of autonomous driving technologies to expand its foothold in the emerging mobility market, a senior company official said Wednesday.
· Yonhap
Hyundai Motor ramps up autonomous driving through global partnership: official
SEOUL, June 10 (Yonhap) -- Hyundai Motor Group is pursuing global partnerships to accelerate the development and commercialization of autonomous driving technologies to expand its foothold in the emerging mobility market, a senior company official said Wednesday.
· Kim Eun-jung
China May wholesale inflation hits near 4-year high on Iran war, AI costs; consumer inflation misses
China's wholesale prices rose at the fastest pace in nearly four years in May, driven by surging raw material costs from the Iran war and an artificial intelligence investment boom, while consumer inflation came in below estimates.
· Anniek Bao
Under the Trump crypto playbook, the family always wins. Investors don’t
It was January 2025, crypto fever was raging, and Donald J. Trump was preparing to return to the White House. So when Fatime Elrgdawy’s friend told her about an online message from the U.S. president-elect hyping the launch of his own crypto coin — “GET YOUR $TRUMP NOW” — she thought: “Oh my God, this is brilliant.”
· Tom Bergin
Indian families scale back on gold for weddings as prices hover near highs
A customer holds a gold necklace inside a jewelry store in New Delhi on May 11. Gold has been central to Indian weddings and festivals for generations as it symbolizes wealth, status and financial security. © Reuters
· Quratulain Rehbar
Chemist Warehouse owner eyes $14 billion deal for UK giant
The owner of Australian pharmacy group Chemist Warehouse is in talks with UK pharmacy chain Boots to buy the business in a deal reported to be worth more than $14 billion.
· Millie Muroi, Deirdre Hipwell, Katie Linsell
Larvotto lands Glencore offtake deal for NSW gold
Larvotto Resources has added another heavyweight name to its growing list of project partners, locking in global commodities powerhouse Glencore in a gold purchase agreement from its Hillgrove antimony-gold project in New South Wales.
· James Pearson
Hilary Knight joining Detroit PWHL expansion team in sign-and-trade
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· Grace McCarron
Samsung tops global chipmakers with nearly 90 tln won in investment
SEOUL, June 10 (Yonhap) -- Samsung Electronics Co. spent nearly 90 trillion won (US$59.2 billion) on capital expenditures and research and development (R&D) in 2025, making it the biggest investor among the world's top 10 semiconductor companies, industry data showed Wednesday.
· Kim Han-joo
Financial authorities stress future-oriented investment on strong tax gains
SEOUL, June 10 (Yonhap) -- South Korea's financial authorities on Wednesday stressed the need to pursue future-oriented investment based on an expected increase in tax revenue brought on by the robust economy.
· Kang Yoon-seung
AI and market shifts leave Hong Kong’s grads facing toughest job hunt since 2021
Graduates are applying for hundreds of positions only for dozen or so firms to show interest, as entry-level roles vanish and AI changes job market
· Ambrose Li
AI and market shifts leave Hong Kong’s grads facing toughest job hunt since 2021
Graduates are applying for hundreds of positions only for dozen or so firms to show interest, as entry-level roles vanish and AI changes job market
· Ambrose Li
Gov't vows support for S. Korean firms joining Middle East rebuilding projects
SEOUL, June 10 (Yonhap) -- The government will offer proactive support for South Korean businesses seeking to participate in reconstruction projects in the Middle East, the finance ministry said Wednesday.
· Kang Yoon-seung
South Korea ready for Czechia
South Korean players and coaches have long talked about the importance of winning the first match at this year's FIFA World Cup, stressing how taking care of business from the get-go will set the tone for the rest of the way.
· Korea Herald
US fintech firm iCapital doubles prime office space in Hong Kong amid wealth boom
Company leases a 9,000 sq ft space in One IFC in Central, with an eye towards doubling its staff amid rising demand for wealth services
· Cheryl Arcibal
US fintech firm iCapital doubles prime office space in Hong Kong
Company leases a 9,000 sq ft space in One IFC in Central, with an eye towards doubling its staff amid rising demand for wealth services
· Cheryl Arcibal
China to bust Yangtze River chokepoint with US$11 billion ‘water staircase’ project
New mega locks will double freight capacity at the world’s largest dam, linking China’s inland industrial hubs to coastal ports with a feat of complex engineering
· Frank Chen
China to bust Yangtze River chokepoint with US$11b ‘water staircase’ project
New mega locks will double freight capacity at the world’s largest dam, linking China’s inland industrial hubs to coastal ports with a feat of complex engineering
· Frank Chen
Financial authorities to launch probe into possible unfair trading in FX market
SEOUL, June 10 (Yonhap) -- South Korea's financial authorities on Wednesday launched probes into possible unfair trading activities in the foreign exchange market, addressing the Korean won's recent sharp slide against the greenback.
· Kang Yoon-seung
Households' financial expenditures rise at fastest clip in 24 yrs in Q1: data
SEOUL, June 10 (Yonhap) -- Households' spending on financial and insurance services, including stock trading commission fees, rose at the fastest pace in 24 years in the first quarter as the stock market rally boosted trading activity, central bank data showed Wednesday.
· Kim Boram
Samsung becomes largest shareholder in Element Biosciences with US$175 mln investment
SEOUL, June 10 (Yonhap) -- Samsung Electronics Co. said Wednesday it has invested US$175 million in an expanded Series E funding round for U.S.-based genomics technology company Element Biosciences, becoming the company's largest shareholder.
· Kim Han-joo
Scandalised KPMG faces parliamentary house of horrors
Former NSW premier and Cricket Australia chairman Mike Baird leads the list of witnesses called to Canberra next week to appear before a parliamentary committee into the growing whistleblower scandal at global consulting giant KPMG.
· Colin Kruger
US trade court to Trump administration – speed up tariff refunds
US judge urges faster refunds of billions of dollars in revenue from tariffs that were collected and later deemed illegal by Supreme Court
· Nayan Seth
US trade court to Trump administration – speed up tariff refunds
US judge urges faster refunds of billions of dollars in revenue from tariffs that were collected and later deemed illegal by Supreme Court
· Nayan Seth