Odds of a Fed hike this year jump on prediction markets
Chances that the Federal Reserve increases interest rates this year shot up from 25.3% to 52% in the last week on prediction markets platform Kalshi.
· Ananya Chetia
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Newest first · UTC+11:00Pete Hegseth’s dangerous call to arms in Asia
BANGKOK — At the Shangri-La Dialogue in Singapore last week, United States Defense Secretary Pete Hegseth pressed America’s Asian allies to spend 3.5 percent of their gross domestic product (GDP) on defense, fueling anxiety across the region and beyond. His browbeating call to arms may well bring about a regional de…
· Thitinan Pongsudhirak
Kalshi promo code NYPMAX: Trade $10, get $10 for the World Cup
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· Michael Leboff
Lululemon shares tank 8% as investors rattled by profit warning: ‘Brand momentum is fading’
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· Reuters
‘Red meat is a dream’: Iran inflation hits highest level since World War II
Tehran, Iran – In the popular Bastan market in the west of the Iranian capital, where the inviting smell of fresh bread and fruit mingle with the sight of colourful fabrics and clothing, the scene no longer holds its usual joy.
· Al Jazeera
Putin Talks Multipolarity and Shrugs Off Economic Pain at ‘Russian Davos’
President Vladimir Putin delivered his keynote address at the annual St. Petersburg International Economic Forum (SPIEF) on Friday, leaning heavily on familiar talking points about a “multipolar” world while downplaying the mounting economic headwinds hitting Russia amid its war against Ukraine.
· The Moscow Times
Top 20 Global Concert Tours from Pollstar
The Top 20 Global Concert Tours ranks artists by average box office gross per city and includes the average ticket price for shows Worldwide. The list is based on data provided to the trade publication Pollstar by concert promoters and venue managers.
Microsoft’s Satya Nadella slams company exec for outlining plan to ‘make people addicted’ to Scout AI tool
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· Thomas Barrabi
Australian housing was already cooling before the budget – but how cold it gets depends on two key factors
Most economists believe the chronic undersupply of homes will eventually push prices higher once interest rates ease and the tax changes are priced in
· Jonathan Barrett
Hong Kong ideal platform for Uzbek firms to spread wings globally, John Lee says
City leader invites Uzbek Prime Minister Abdulla Aripov to be keynote speaker at coming Belt and Road Summit to be held in Hong Kong in September
· Jeffie Lam
Hong Kong ideal platform for Uzbek firms to spread wings globally, John Lee says
City leader invites Uzbek Prime Minister Abdulla Aripov to be keynote speaker at coming Belt and Road Summit to be held in Hong Kong in September
· Jeffie Lam
Treasury warns banks of 'red flags' for customers in the US illegally
Treasury Secretary Scott Bessent testifies before the Senate Committee on Finance, Wednesday, June 3, 2026 in Washington. (AP Photo/Allison Robbert)
· Fatima Hussein
In Iran the World Cup used to trigger joy on our streets. It feels very different now
A growing divide between fans and team, coupled with economic hardship and war, has dampened the mood
· Behnam Jafarzadeh in Tehran
"Stocks Should Go Up, Not Down": Trump Rages At Market Reaction To 'Great' Jobs Report
Global capital markets are a mess following this morning's hotter than expected rise in US employment.
· Tyler Durden
HSBC charged in French probe over Lebanese central bank embezzlement case | The National
French prosecutors have brought preliminary charges against HSBC’s Swiss unit on allegations that it helped former Lebanese central bank governor Riad Salameh embezzle funds, a source close to the case confirmed to The National.
· Nada Maucourant Atallah
Most Asia-Pacific firms use AI for tasks without cutting jobs: survey
About 74 per cent of companies surveyed across industries in the Asia-Pacific have deployed or piloted AI programmes
· Kolette Lim
Most Asia-Pacific firms use AI for tasks without cutting jobs: survey
About 74 per cent of companies surveyed across industries in the Asia-Pacific have deployed or piloted AI programmes
· Kolette Lim
Putin slams Western sanctions as damaging to the global economy
In this photo released by the Roscongress Foundation, Russian President Vladimir Putin, center, and Tanzanian President Samia Suluhu Hassan arrive to attend a plenary session at the St. Petersburg International Economic Forum in St. Petersburg, Russia, on Friday, June 5, 2026. (Vyacheslav Viktorov/Roscongress Founda…
Amazon unveils latest warehouse robot as tech giants continue AI layoffs
Amazon has unveiled its latest warehouse robot that can take commands in conversational language, underscoring how AI-powered automation is advancing as companies continue to slash their corporate workforce in AI-driven efficiencies.
· Sawdah Bhaimiya
The big acquisitions Jamie Dimon rumored to be eyeing after revealing $20B war chest
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· Charles Gasparino
On Washington visit, UAE's Khaldoon Al Mubarak discusses partnerships, investments and AI | The National
Khaldoon Al Mubarak, Chairman of the UAE's Executive Affairs Authority, met senior White House officials this week to review economic investments and the impact of US-UAE partnerships.
· Cody Combs
Hardline right-wing MKs Ben-Gvir, Smotrich banned from travel to Ireland - report
National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich were banned from traveling to Ireland, Irish media reported on Friday.
· JERUSALEM POST STAFF
China launches space computing hub as SpaceX gears up for historic IPO
New institute highlights Beijing’s bid to leapfrog energy bottlenecks and underscores how tech race with US is moving off-planet
· Ben Jiang
Trump lawyers refuse to reveal financial information to BBC in defamation case
Request for evidence to support claims of reputational and financial harm from Panorama documentary dismissed as ‘fishing expedition’
· Harry Taylor
Secret memo called ‘Maga Talking Points’ tells Hollywood lefties how to converse with Trump
Call it MAGA SparkNotes for liberals.Both Hollywood and the MAGA movement have their own unique parlance and it’s not hard to see how things can get lost in translation. That’s where producer Chris Fenton (“47 Ronin”) comes into play.Sources tell Page Six Hollywood that a group of industryites that includes Ruth Vit…
· Tatiana Siegel
Top Russian banker condemns 'illegal' asset seizures and calls for quick Ukraine peace deal | The National
Attempts by the West to use frozen Russian assets to fund Ukraine's defence amount to "stealing" and have accelerated the break-up of the post-war financial order, according to Andrey Kostin, chief executive of Russia's state bank VTB.
· Hadley Gamble
US payrolls rise by 172,000 in May, topping expectations
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· Ariel Zilber
Do China-Russia trade payment frictions show limits of de-dollarisation?
The threat of US sanctions is slowing cross-border payments as Chinese banks tighten compliance checks and route transactions through intermediaries
· Sylvia Ma
Do China-Russia trade payment frictions show limits of de-dollarisation?
The threat of US sanctions is slowing cross-border payments as Chinese banks tighten compliance checks and route transactions through intermediaries
· Sylvia Ma
India beats growth forecasts but Iran war clouds outlook
MUMBAI — India's economy grew at a faster pace than expected in the first three months of 2026, driven by strong government spending and a robust services sector, official data showed on Friday.
· Agence France-Presse
US adds 172,000 jobs in May, strongly beating expectations
Unemployment remained steady, with the labour market in the world’s largest economy sustaining recent gains
· Agence France-Presse
US adds 172,000 jobs in May, strongly beating expectations
Unemployment remained steady, with the labour market in the world’s largest economy sustaining recent gains
· Agence France-Presse
US added 172,000 jobs in May as labor market shows signs of resilience
Government figures show unemployment rate at 4.3% amid rising inflation and economic uncertainty from Iran war
· Gaya Gupta
U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3%
Job growth unexpectedly surged in May as the U.S. labor market continued a solid year of expansion, the Bureau of Labor Statistics reported Friday.
· Jeff Cox
Trump is turning allies and partners into friends of China
Dealing with Beijing offers countries such as Canada and India more leverage with the US in addition to economic benefits
· Alex Lo
Trump is turning allies and partners into friends of China
Dealing with Beijing offers countries such as Canada and India more leverage with the US in addition to economic benefits
· Alex Lo
Sanctions on Russia don’t work – US business lobby chief
Imposing additional sanctions on Russia will not help resolve the Ukraine conflict, American Chamber of Commerce in Russia (AmCham Russia) President and CEO Robert Agee has said.
· RT
Sanctions on Russia don’t work – US business lobby chief
Imposing additional sanctions on Russia will not help resolve the Ukraine conflict, American Chamber of Commerce in Russia (AmCham Russia) President and CEO Robert Agee has said.
· RT
Futures Drop On Souring Chipmaker Sentiment, Kospi Plunge
Futures are lower amid fresh underperformance of tech. If the premarket weakness persists, the S&P 500 is set to break a historic weekly run of gains as the AI trade takes another leg lower this time driven by the cartoonish Kospi index, with investors also expecting payrolls data to affirm that interest rates will …
· Tyler Durden
EU trade chief calls for new tool to diversify supply away from China
BRUSSELS — EU trade chief Maroš Šefčovič has called for a new “diversification instrument” to help ensure that industry is not dependent on single sources of supply in sensitive sectors such as chips and rare earths.
· Camille Gijs
Romania: TV reporter flees live on air after drone explosion in Constanța
The incident occurred in the country's largest port, a strategic gateway for trade and shipping in the region. Authorities said the drone detonated without causing casualties, while emergency services quickly secured the area. The brief broadcast captured the moment the explosion disrupted normal activity in the por…
· AfricaNews
Iran Oil Exports Plunge To Four Year Low As Blockade Tightens, While Inflation Soars To World War 2 Levels
If it was indeed Trump's intention to starve Iran's economy of oil export revenue, the plan may just be working: Iran's oil exports fell to their lowest level in at least six years in May as the US naval blockade has succeeded in choking off crude shipments and leave tens of millions of barrels stranded at sea.
· Tyler Durden
Chinese EVs reclaim momentum as tech upgrades, incentives squeeze gains of foreign marques
Domestic brands surge on fresh incentives and better batteries, while foreign carmakers fail to sustain their earlier market share
· Daniel Ren
Chinese EVs reclaim momentum as tech upgrades, incentives squeeze gains of foreign marques
Domestic brands surge on fresh incentives and better batteries, while foreign carmakers fail to sustain their earlier market share
· Daniel Ren
New York businesses get ready to welcome influx of World Cup fans
As the opening of the 2026 FIFA World Cup draws near, business and restaurants in New York are preparing for an influx of fans and tourists ahead of the official start next week.
· AfricaNews
Bitcoin caps a dismal week as price wallows 50% below its all-time high
Bitcoin's dire start to June worsened early on Friday, with the cryptocurrency on course to trade more than 15% lower for the week.
· Joseph Wilkins
WATCH: Australia seizes 100,000 cockroaches in bug breeder
Wildlife officers bust an illegal cockroach-breeding operation in rural Australia, seizing a skin-crawling haul worth more than $100,000 on the black market for exotic bugs. More than 100,000 contraband cockroaches were found in a raid on a commercial breeder in the town of Bathurst, west of Sydney, Australia's envi…
· The Manila Times
Hong Kong tour guide stripped of licence over coercing visitors into shopping
Disciplinary action by Travel Industry Authority is second of its kind in less than two months
· Ng Kang-chung
Hong Kong tour guide stripped of licence over coercing visitors into shopping
Disciplinary action by Travel Industry Authority is second of its kind in less than two months
· Ng Kang-chung