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Diehl Defence Unveils Cobra 600 Jet Drone, June 12
Diehl Defence’s Cobra 600 jet drone extends IRIS-T missile range to 400 km, combining airborne transport with ground-based air defence capabilities.
US-Iran Peace Deal Nears as Trump Cancels Strikes, Oil Falls Below $90
Trump cancels Iran strikes as peace talks advance. Brent crude falls below $90/barrel on de-escalation hopes amid nuclear program disputes.
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.
UK Economy Shrinks: GDP Drops 0.1% in April as Iran Conflict Sends Energy Costs Soaring and Growth Slows
The UK Economy faced a setback in April as the country’s Gross Domestic Product (GDP) fell by 0.1%, highlighting growing pressure from higher energy prices, weaker consumer demand, and increasing global uncertainty. The decline came at a time when geopolitical tensions involving Iran pushed energy costs higher, creating additional challenges for businesses and households. The…
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.
Palantir CEO Blasts AI Industry as Layoff Spike Hits 2,350%, June 12
Palantir CEO Alex Karp criticizes AI industry’s self-awareness gap. PLTR stock at $131.08 with B+ rating as AI layoff search interest spikes.
MSFT Stock Pressured as Xbox Layoffs Loom After June 30 Fiscal Close — But the Cloud Business Tells a Very Different Story
$82.89 billion in quarterly revenue. $190 billion in capex. And Xbox can’t find its footing. Microsoft (NASDAQ: MSFT) is carrying a sharp internal contrast into its June 30 fiscal year close. On June 10, 2026, Microsoft confirmed plans for significant layoffs in its Xbox division as new CEO Asha Sharma implements a broad reset of…
Stock Market Rallies 1.75% as Iran Deal Hopes Ease Tensions, June 12
S&P 500 rises 1.75% to 7,394.30 as Trump cancels Iran strikes and signals peace deal. Producer prices up 1.1% in May. SpaceX IPO prices at $135.
Hong Kong Lawyers Bridge Mainland-HK Judgment Recognition, June 12
Hong Kong lawyers address mainland-HK judgment recognition and enforcement as cross-border legal work expands across Asia.