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US Wholesale Prices Jump 1.1% in May, Highest Since 2022
US wholesale prices rose 1.1% in May, the highest annual gain since November 2022, driven by energy price surges amid Middle East tensions.
Australia’s July 1 Tax Cuts, Fuel Relief End: What Changes June 13
Australia’s July 1 changes include tax cuts up to $268, end of fuel excise relief, and tighter AML regulations for financial firms.
Delta Passenger Faces 20 Years for Assault on Flight Attendant, June 12
Delta passenger indicted on federal felony charge for allegedly assaulting flight attendant, facing up to 20 years in prison.
German Pensions Rise 4.24% from July 1, 2026
Germany’s Bundesrat approves 4.24% pension increase starting July 1, 2026. Standard retirees gain €77.85 monthly as wage growth outpaces inflation.
India Raises Government Worker DA to 60% From 58%, June 12
India raises dearness allowance for government employees and teachers to 60% from 58% effective January 1, 2026, boosting public sector pay.
Bank of Japan Raises Rates to 1%, Highest Level Since 1995
BOJ set to raise rates to 1% on June 16, the highest since 1995, as inflation and weak yen force tightening action.
VIX Falls to 18.83 on Iran Ceasefire Hopes, June 12
VIX falls 15.3% to 18.83 as Iran ceasefire optimism drives risk-on rally. S&P 500 up 1.75%, oil prices fall, Treasury yields decline.
IndiGo, HPCL Rally 3% as Crude Oil Falls Below $90 on Iran Peace Deal, June 12
IndiGo and HPCL surge as Trump signals Iran peace deal, crude oil drops below $90 on easing geopolitical tensions.
Sydney Childcare Worker Faces Sentencing on Abuse Charges, June 12
David William James pleaded guilty to 11 charges related to child abuse material at six Sydney childcare centres.