Asian stocks slide, oil and gold jump after Israel strikes Iran
U.S. S&P E-mini futures fell 1.5%, Nasdaq futures dropped 1.7%, Japan's Nikkei lost 1.4%, and South Korea's KOSPI slipped 1.2%; Gold climbed 1% to $3,419 per ounce
U.S. dollar and other safe havens rise as Israel strikes Iran
Dollar gains 0.4% against six-currency index, reaches 98.07; Aussie and New Zealand dollars fall 0.9%, yen drops 0.35% to 143 per dollar
Oil jumps more than 7% as Israel strikes Iran, rattling investors
Brent crude futures rise $5.29, or 7.63%, to $74.65 and WTI crude up $5.38, or 7.91%, to $73.42 a barrel; Iranian media said multiple explosions were heard near Nantanz nuclear facility Â
Air India Dreamliner crash raises fresh concerns for Boeing amid ongoing safety scrutiny
Most of 242 on board killed in Ahmedabad tragedy, dealing a blow to Boeing’s recovery efforts under new CEO Kelly Ortberg
Amazon challenges EU’s very large online platform status under digital content law
Amazon argues its store differs from social media platforms and that the rules do not help prevent the spread of counterfeit or illegal goods
Most G7 members ready to lower Russian oil price cap without US
G7 country leaders are due to meet on June 15-17 in Canada where they will discuss the price cap first agreed in late 2022
Boeing shares fall after deadly Air India 787 crash in India
The crash adds to Boeing's safety issues as the 787 had no fatal crashes and the 737 MAX faced grounding after two deadly incidents
Amazon to provide cloud and AI tools to German utility RWE in return for power
RWE plans to expand work with Amazon’s AI research lab in Seattle to develop better forecasting models
European Union delays bank trading rules to 2027
The rules are part of the broader Basel III reforms that were introduced after the global financial crisis
Dollar weakens further after soft US inflation data
Euro rises more than 1% to $1.1624, while the dollar drops 0.95% to 143.29 yen
Oil prices fall as markets await US Iran talks
Brent crude drops 1.5%,to $68.75 a barrel , while U.S. West Texas Intermediate crude also slips 1.5% to $67.10
Pakistan-Russia rail service to begin June 22, Russia eyes PSM investment
Pakistan Railways signs MoU with Punjab IT Board for digitalisation push
Binance opens crypto trading to users in Syria after U.S. lifts sanctions
Trump says the decision was made at the request of Saudi Arabia, which had pushed for the change
China-backed militia secures control of new rare earth mines in Myanmar
China relies on Myanmar for rare earth imports but had recently faced some supply challenges
China confirms trade deal with US, says both sides must follow trade consensus
China’s foreign ministry spokesperson Lin Jian says that the country had always honored its commitments