ASX set to rise, Wall Street gets AI boost
The US stock market is ticking toward more records as winners of the artificial-intelligence boom keep driving higher.
· Stan Choe
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· Kate Ashton
Financial struggles are taking a toll on men’s mental health: survey
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· SWNS
Victoria’s Secret stock surges on embrace of sexiness, sales growth after doomed attempt to go woke
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· Lisa Fickenscher
Pressure builds on Italy’s Meloni to shun Trump as she gears up for 2027 election
ROME — Italy's right-wing Prime Minister Giorgia Meloni can no longer afford to keep U.S. President Donald Trump happy when she faces a battle to win reelection next year.
· Hannah Roberts, Jacopo Barigazzi
RBA thinks budget tax changes will lower inflation – but not in the way Labor wants
Reserve Bank insiders are tipping Labor’s tax reforms and the decline in consumer sentiment might dampen house prices and spending, inadvertently lowering the prospect of more interest rate rises after years of claims that government policies were pushing up inflation.
· Paul Sakkal, Shane Wright
Trump administration proposes 25% tariffs on Brazil despite US trade surplus
US claims world’s 10th-biggest economy engages in ‘unreasonable’ trade practices that ‘restrict US commerce’
· Associated Press
USTR says U.S. will release results of Section 301 trade investigations over coming weeks
WASHINGTON, June 2 (Yonhap) -- U.S. Trade Representative (USTR) Jamieson Greer said Tuesday that U.S. President Donald Trump's administration will release results of its trade investigations into dozens of trading partners, including South Korea, China and Japan, "over the next few weeks."
· Song Sang-ho
Microsoft unveils its first AI reasoning model ahead of OpenAI IPO
Microsoft CEO Satya Nadella addresses the company's annual Build developer conference on June 2. (Photo by Yifan Yu)
· Staff Writer
Indonesia's social media age limit forces platforms to gatekeep for minors
A boy plays with his smartphone in Depok, Indonesia. The government recently implemented age restrictions for social media accounts. © Reuters
· Staff Writer
Rubio says US will only provide sanctions relief to Iran in exchange for nuclear concessions
US Secretary of State Marco Rubio said on Tuesday that Iran would only receive sanctions relief if it surrenders its nuclear programme, brushing aside Tehran’s demands to obtain economic relief as part of a phased ceasefire.
· Middleeasteye
Alexander Zverev would never trade his Olympic gold for a Grand Slam title
Germany’s Alexander Zverev returns to Spain’s Rafael Jodarduring the quarterfinal tennis match at the French Open in Paris, Tuesday, June 2, 2026. (AP Photo/Emma Da Silva)
· Jerome Pugmire
Israel and Hezbollah trade fire, as Trump says US-Iran talks continue
Topic:Unrest, Conflict and War
Short-Seller Andrew Left Found Guilty In High-Profile Market Manipulation Jury Trial
Andrew Left, the founder of Citron Research and a well-known figure in the short-selling community, was convicted on 13 of 17 counts following a three-week federal trial in Los Angeles, according to Bloomberg.
· Tyler Durden
Bitcoin drops back under $70,000, Strategy extends its slide
Bitcoin on Tuesday fell below $70,000 for the first time since April amid deteriorating market sentiment.
· Tanaya Macheel
Goldman Sachs CEO David Solomon says markets are in 'greed' mode as AI companies seek billions
Goldman Sachs CEO David Solomon said Tuesday that investors have shifted decisively into "greed" mode as markets are poised to test an unprecedented fundraising wave for giant artificial intelligence firms.
· Hugh Son
Retail forex investors flock to Aussie over US dollar trades against yen
Australia has been raising interest rates, and its volatility against the yen gives traders more potential profit opportunities. © Reuters
· Staff Writer
Trump signs executive order seeking early access to new AI releases
Under new rules, tech companies will be asked to share AI models with government for review before public release
· Sanya Mansoor
Japan's local banks flee China for Singapore, India as supply chains shift
Bank of Kyoto closed its Dalian office last year and consolidated operations in Shanghai amid a decline in customer needs. (Photo by Atsushi Ooka)
· Staff Writer
EXPLAINER: What is Pasig’s proposed P34.46-billion investment plan and why does it matter?
MANILA, Philippines — The Pasig City Development Council (CDC) has approved a proposed P34.46-billion Annual Investment Program (AIP) for 2027, along with two other key planning documents that will help determine which city projects may move forward in the coming years.
· James Daniel Danio
Canada urges US and Mexico to renew free-trade agreement for 16 years
Canadian Prime Minister Mark Carney makes an address at the Canadian Association of Defense and Security Industries annual defense industry trade show CANSEC, in Ottawa, on Wednesday, May 27, 2026. (Justin Tang/The Canadian Press via AP)
· Rob Gillies
Japan to develop deep-sea drone in hunt for rare earths
Minamitorishima, Japan's easternmost territory, is a focal point of efforts to find rare earths and other mineral resources in the seabed near the country. (Japan Meteorological Agency)
· Staff Writer
Euro Area Inflation Tops 3.0% For First Time Since 2023, Cementing ECB Rate Hike
Euro Area inflation topped 3% for the first time since September 2023, further cementing expectations for a rate hike when the ECB meets next week.
· Tyler Durden
Senate discord hurts economy, Palace says
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· Kristina Maralit, Aric John Sy Cua
Can you be the modern Caleb?
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· Wilma Miranda
China, Indonesia lose tariff exemption
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· The Manila Times
PH to reduce trade deficit with Vietnam
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· Giselle P. Jordan
Bad loan ratio hits 8-month high in April
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· Niña Myka Pauline Arceo
NG debt slips to P18.47T
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· Niña Myka Pauline Arceo
Pension hikes released ahead of schedule – SSS
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· Niña Myka Pauline Arceo
PH outlook slashed, inflation seen surging
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· Niña Myka Pauline Arceo
Mitsubishi Heavy to develop Japan-based defense AI with Preferred Networks
Mitsubishi Heavy Industries and Preferred Networks plan to develop domestic AI systems to mitigate risks from overseas actors. (Source photos by Nikkei)
· Staff Writer
Trump taps housing regulator Bill Pulte as acting intelligence chief
The close ally with no known intelligence experience will oversee 18 US agencies while keeping his current role regulating mortgage market
· Teresa Elena Frontado
Trump taps housing regulator Bill Pulte as acting intelligence chief
The close ally with no known intelligence experience will oversee 18 US agencies while keeping his current role regulating mortgage market
· Teresa Elena Frontado
Trump administration pushes for 25% tariff on Brazil after US Supreme Court shot down last attempt
A farm employee processes coffee berries at Boa Esperanca farm in Braganca Paulista, Brazil, Aug. 4, 2025. (AP Photo/Andre Penner, File)
· Paul Wiseman
Trump names Tulsi Gabbard’s replacement as intel chief
US President Donald Trump has tapped housing finance chief Bill Pulte to serve as acting Director of National Intelligence (DNI) in the wake of Tulsi Gabbard’s resignation.
· RT
Manosphere Influencer Andrew Tate Arrives in Moscow
British-American social media influencer Andrew Tate and his brother Tristan arrived in Moscow on Tuesday, sparking rumors that they plan to attend Russia’s annual premier business conference.
· The Moscow Times
AD Ports Group agrees to acquire Brazilian bulk port operator in $835m deal | The National
AD Ports Group, which runs industrial cities and free zones in Abu Dhabi, has agreed to acquire a Brazilian agricultural bulk port terminal operator in a push to expand its global footprint to South America.
· Sarmad Khan
Japan's Takaichi to decide this month on cutting food tax to 1%
Prime Minister Sanae Takaichi says she wants to cut the consumption tax rate on food as soon as possible. (Photo by Ken Suzuki)
· Staff Writer
Activist short seller Andrew Left convicted of securities fraud for trades tied to Nvidia, Tesla and more
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· Ariel Zilber
EU risks economic ruin – Vucic
Protectionism is pushing the EU toward economic decline, Serbian President Aleksandar Vucic has told Bloomberg, arguing that barriers to investment between Europe, China and the US are hurting growth.
· RT
US proposes 25% tariff to punish Brazil over trade practices
The measures cover areas such as electronic payment services, preferential tariffs, intellectual property protection and the ethanol market
· Reuters
US proposes 25% tariff to punish Brazil over trade practices
The measures cover areas such as electronic payment services, preferential tariffs, intellectual property protection and the ethanol market
· Reuters
US job openings climbed to 7.6 million in April despite economic fallout from the Iran war
A hiring sign is displayed at a restaurant in Niles, Ill., Thursday, May 14, 2026. (AP Photo/Nam Y. Huh, File)
· Paul Wiseman
Russian Billionaires Pump $3Bln Into State Treasury as Deficit Widens – Expert
Some of Russia’s wealthiest businessmen are believed to have donated around 220 billion rubles ($3 billion) to the state treasury, the business magazine Expert reported Monday, just months after a billionaire proposed the idea of “voluntary” corporate contributions to help bankroll the government’s widening budget d…
· The Moscow Times
Russian Billionaires Donate $3Bln to State Treasury as Deficit Widens – Expert
Some of Russia’s wealthiest businessmen are believed to have donated around 220 billion rubles ($3 billion) to the state treasury, the business magazine Expert reported Monday, just months after a billionaire proposed the idea of “voluntary” corporate contributions to help bankroll the government’s widening budget d…
· The Moscow Times
Toyota unveils new racing-inspired GRMN Corolla, with sales set for 2027
Toyota Motor unveiled the new GRMN Corolla sports car at an automotive museum in Shizuoka prefecture, Japan. (Toyota)
· Staff Writer
Why 20-year-old Youtuber is hottest property in Hollywood and how ‘for-us-by-us’ films are disrupting the movie business
A24 has 81.4 million reasons to be thrilled with the blockbuster release of Kane Parsons‘ horror film “Backrooms,” and now they have one more: the indie studio’s contract with the 20-year-old director included rights to the sequel, Page Six Hollywood has learned.
· Tim Baysinger