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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.
TVB City Studio Fire Contained in 24 Minutes, June 12
Two-alarm fire at TVB City studios in Tseung Kwan O extinguished in 24 minutes. No injuries reported. Fire Services investigating.
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…
CRA Delays T1 Adjustments to 47 Weeks, Ombudsperson Launches Probe
CRA delays T1 adjustments to 47 weeks, double the 20-week standard. Ombudsperson launches investigation into systemic processing issues.
Congress Backs Tamil Nadu on Mekedatu Dam, June 12
Congress leader P. Chidambaram backs Tamil Nadu government’s stance on Mekedatu dam dispute with Karnataka, supporting state rights.
Japan’s Retirement Crisis: Assets Don’t Shrink, Problem Grows, June 12
Japan’s elderly hold 2.5 million yen in assets but struggle to spend them amid inflation and longer lifespans, straining fixed pensions.
Japan Secures Oil Supply Until March 2028 Amid Hormuz Crisis, June 12
Japan secures oil supplies until March 2028 via alternative imports and reserves, avoiding Middle East dependency as US shipments surge.
MTR Tseung Kwan O Line Signal Fault Delays Trains 45 Minutes, June 12
MTR signal fault at Po Lam station delays Tseung Kwan O Line trains 45 minutes. Service restored by 7:15 PM. Bus operators add extra capacity.
UK Defence Secretary Resigns Over Military Spending, June 11
UK Defence Secretary Healey resigns over military spending dispute as Starmer faces pressure on defence funding shortfall.