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Today: June 12, 2026
Today: June 12, 2026

Economy

Business|Economy|Environment|World

Lost Gulf oil exports far smaller than thought, traders and shippers say

Since the start of the Iran war and Tehran's announcement that the Strait of Hormuz was "closed", the market has grappled to put a

Lost Gulf oil exports far smaller than thought, traders and shippers say
Business|Economy|Political|World

Iranians endure war fatigue and soaring prices as conflict deepens domestic woes

Iranians are living between confusion and exhaustion as the country and its economy are squeezed between war and multiplying crises at home

Iranians endure war fatigue and soaring prices as conflict deepens domestic woes
Business|Economy|Environment|Finance|World

Tired of chaos, investors retreat from oil market at record pace

The extreme volatility of global oil prices has drained liquidity from the market this year at the fastest pace on record, as

Tired of chaos, investors retreat from oil market at record pace
Business|Economy|Environment|Health|Technology

Tracy warehouse destroyed in fire that could take days to extinguish

Tracy warehouse destroyed in fire that could take days to extinguish

Tracy warehouse destroyed in fire that could take days to extinguish
Business|Economy|World

BP starts process to sell stakes in two Gulf of Mexico projects, sources say

British oil major BP has started a process to sell stakes in two of its Gulf of Mexico projects, four people with knowledge of the matter said, in what would be one of new

BP starts process to sell stakes in two Gulf of Mexico projects, sources say
Business|Economy

Defence resignation exposes spending bind for Starmer - and any challengers

Keir Starmer has a new defence minister, but the same problem: no spare money, competing political and financial demands and a party

Defence resignation exposes spending bind for Starmer - and any challengers
Business|Economy|Science|Technology|World

Embraer's Eve vows to spend cautiously, eyes 2028 'flying car' certification

Embraer-controlled electric aircraft maker Eve vowed on Friday to spend money in a cautious manner as it eyes a 2028 certification

Embraer's Eve vows to spend cautiously, eyes 2028 'flying car' certification
Business|Economy|Europe|World

US to give Poland new $4 billion loan for arms purchases, PAP reports

The U.S. will give Poland a new $4 billion loan from the Foreign Military Financing programme, U.S.

US to give Poland new $4 billion loan for arms purchases, PAP reports
Economy|Europe|Political|World

Ukraine hikes military pay and seeks more foreign fighters, Zelenskiy says

Ukraine will hike military wages and seek to recruit more fighters abroad, President Volodymyr Zelenskiy said on Friday, as the army faces a manpower

Ukraine hikes military pay and seeks more foreign fighters, Zelenskiy says
Business|Economy|Environment|Finance

BlackRock gets fresh chance to keep NYC pension assets despite climate concerns

BlackRock will have a chance to keep managing New York pension money as City Comptroller Mark Levine opened a rebidding process widely on Friday despite his

BlackRock gets fresh chance to keep NYC pension assets despite climate concerns
Business|Economy|Finance|Stock Markets|Technology

SpaceX leveraged fund providers hit by day-one launch setback, sources say

Asset managers eager to roll out leveraged exchange-traded funds tied to SpaceX on its first trading day have been told to delay the

SpaceX leveraged fund providers hit by day-one launch setback, sources say
Business|Economy|Technology|World

UN labour organisation sets first global gig work standards

The International Labour Organization agreed on Friday to adopt the first binding employment standards for gig workers in sectors such as ride-hailing

UN labour organisation sets first global gig work standards
Business|Economy|Finance|Stock Markets|Technology|World

S&P 500, Dow rise on Mideast deal hopes, SpaceX's historic debut

The benchmark S&P 500 and the blue-chip Dow rose in choppy trading on Friday, aided by expectations for an imminent end to the Middle East

S&P 500, Dow rise on Mideast deal hopes, SpaceX's historic debut
Business|Economy|World

US military helping move 7 million barrels of oil per day out of Persian Gulf, Wright says

Roughly 7 million barrels a day of oil are getting out of the Persian Gulf with U.S. military help, Energy Secretary Chris Wright said

US military helping move 7 million barrels of oil per day out of Persian Gulf, Wright says
Business|Economy|Environment|Political|World

Venezuela says oil spill from Trinidad and Tobago could hurt fishing, environment

Venezuela's government said on Friday that an oil spill originating from Trinidad and Tobago is putting fishing as well as the

Venezuela says oil spill from Trinidad and Tobago could hurt fishing, environment
Economy|Political|World

US and Iran signal a peace deal is close

The United States and Iran signalled on Friday that an agreement to end their war was close, with a senior

US and Iran signal a peace deal is close
Business|Economy|Finance|Stock Markets|Technology

Elon Musk just became the world’s first trillionaire. But how much money is $1 trillion?

Elon Musk just became the world’s first trillionaire. But how much money is $1 trillion?

Elon Musk just became the world’s first trillionaire. But how much money is $1 trillion?
Business|Economy|Finance|World

Consumer sentiment rises for the first time in three months

Consumer sentiment rises for the first time in three months

Consumer sentiment rises for the first time in three months
Arts|Business|Economy|Entertainment|Europe|Finance|Lifestyle|Opinion|Political|Science|Technology|Travel|World

Ahead of G-7, Canada's Carney softens tone toward Trump with trade talks at stake

Canadian Prime Minister Mark Carney is expected to be more muted in his criticism of U.S. President Donald Trump at an upcoming summit in Europe

Ahead of G-7, Canada's Carney softens tone toward Trump with trade talks at stake
Economy|Political|World

Iran’s ‘accidental’ president has survived the war. Peace may be a tougher challenge

Iran’s ‘accidental’ president has survived the war. Peace may be a tougher challenge

Iran’s ‘accidental’ president has survived the war. Peace may be a tougher challenge
Business|Crime|Economy|Europe|Political|World

Ukraine hits fuel supplies to Crimea, sparking a fuel crisis on the Russian-held peninsula

In a new blow to the Kremlin’s narrative that Moscow is winning the 4-year-old war in Ukraine, Kyiv’s forces have targeted fuel supplies to the Crimean Peninsula

Ukraine hits fuel supplies to Crimea, sparking a fuel crisis on the Russian-held peninsula
Business|Economy|Political|Stock Markets|World

UK shares clock weekly gains as Iran-US peace deal hopes push oil price lower

UK shares gained in a broad-based rally on Friday amid growing hoping of a peace agreement between Iran and the U.S., which sent crude

UK shares clock weekly gains as Iran-US peace deal hopes push oil price lower
Economy|Finance|Political|Stock Markets|World

Dollar steady as markets eye US-Iran talks

The dollar steadied on Friday but remained on track for a weekly loss, as markets monitored negotiations over a deal that could end the Middle East

Dollar steady as markets eye US-Iran talks
Business|Crime|Economy|Europe|Finance|Political|World

Spain opens new probe into ex-PM Zapatero over jewellery found in office

A Spanish High Court judge investigating former Prime Minister Jose Luis Rodriguez Zapatero for suspected corruption has opened a separate probe over jewellery found during

Spain opens new probe into ex-PM Zapatero over jewellery found in office
Economy|World

What is the Swiss population cap proposal and what would it mean for Europe?

Switzerland will decide on Sunday on a proposal to cap the population at 10 million in a referendum some have likened to Britain's Brexit vote that could have far-reaching

What is the Swiss population cap proposal and what would it mean for Europe?
Business|Crime|Economy|Finance|Technology

Sam Bankman-Fried loses bid to overturn crypto fraud conviction

Sam Bankman-Fried on Friday lost his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he

Sam Bankman-Fried loses bid to overturn crypto fraud conviction
Business|Economy|Finance|Stock Markets|Technology

How Musk's tactics left investors clamoring for SpaceX stock and ignoring risks

In recent years, Elon Musk has been picky about whom he allowed to buy in to SpaceX, the rocket ship company making its highly anticipated stock market debut

How Musk's tactics left investors clamoring for SpaceX stock and ignoring risks
Business|Economy|Finance|Stock Markets|World

Brazil's inflation accelerates in May, tops target range ahead of rate decision

Brazil's consumer inflation accelerated more than expected in May, official data showed on Friday, breaching the top of the

Brazil's inflation accelerates in May, tops target range ahead of rate decision
Business|Economy|World

Shell pauses $3 billion share buyback ahead of ARC acquisition vote

Shell said on Friday it was pausing its $3 billion share buyback programme through July 14, citing securities law requirements linked to its pending $

Shell pauses $3 billion share buyback ahead of ARC acquisition vote
Business|Economy|Finance|Stock Markets|Technology|US|World

S&P, Dow open higher on Mideast deal hopes; SpaceX debut in focus

The benchmark S&P 500 and the blue-chip Dow opened higher on Friday, underpinned by hopes for an imminent Middle East peace deal, while investors geared up for the market debut of

S&P, Dow open higher on Mideast deal hopes; SpaceX debut in focus
Arts|Business|Economy|Entertainment|Europe|Fashion and Beauty|Finance|Lifestyle|Stock Markets

Rolex raises gold watch prices again as super-rich buyers are undeterred

Rolex raised the global price of its gold watches by an average 5% this month, adding a rare second annual

Rolex raises gold watch prices again as super-rich buyers are undeterred
Business|Economy|Finance|Political|Stock Markets|World

Oil nears two-month lows on reports of imminent US-Iran peace deal

Oil prices fell more than 3% on Friday to their lowest levels in nearly two months as U.S. and Iranian officials said they were close to an agreement to halt their war in

Oil nears two-month lows on reports of imminent US-Iran peace deal
Business|Economy|Science|Technology

SpaceX raised $75B in record IPO – here’s why insiders like Elon Musk are much likelier than public stock buyers to get rocket-powered returns these days

In the old days, companies went public early to access cash to grow. These days, soon-to-be-public companies are already flush with cash from private finance.

SpaceX raised $75B in record IPO – here’s why insiders like Elon Musk are much likelier than public stock buyers to get rocket-powered returns these days
Arts|Economy|Environment|Opinion|Science|Technology

Most Pittsburgh-area communities are losing residents – here’s why that might be OK

New census data shows population decline is spreading across America. Planning for growth may be actively making things worse.

Most Pittsburgh-area communities are losing residents – here’s why that might be OK
Business|Economy|Education|Environment|Political|Science|Technology|World

Trump’s AI security order acknowledges risks but stops short of regulating industry

The executive order is voluntary for AI companies but aligns with AI safety experts on the potential for harm.

Trump’s AI security order acknowledges risks but stops short of regulating industry
Business|Economy|Europe

Italy working on new inflation-linker for institutional investors, debt chief says

Italy is working on a new bond aimed exclusively at institutional investors to tap growing demand for inflation-linked products among banks, funds and insurers

Italy working on new inflation-linker for institutional investors, debt chief says
Asia|Business|Economy|Finance|Stock Markets|World

India's May retail inflation rises to 3.93% on year

India's retail inflation rose to 3.93% year-over-year in May from 3.48% in April, driven by higher food and fuel costs, government data showed on Friday, as the outlook continued

India's May retail inflation rises to 3.93% on year
Economy|Education|Political|World

Students in anti-Prabowo protests say Indonesia 'heading' for bankruptcy

Hundreds of Indonesian students rallied in Jakarta on Friday to protest the spending priorities of President Prabowo Subianto's

Students in anti-Prabowo protests say Indonesia 'heading' for bankruptcy
Business|Crime|Economy|Finance|Political|Stock Markets|US|World

Trump's allies have another plan to pay 'weaponization' victims

While the Justice Department has said it has abandoned plans for President Donald Trump's proposed $1.8 billion "weaponization" fund, some of his

Trump's allies have another plan to pay 'weaponization' victims
Business|Economy|Finance|Stock Markets|Technology

Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows

Hedge funds sold out of the biggest U.S. tech stocks, and some even added bearish positions, according to data from a JPMorgan note late Thursday, just

Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows
Business|Economy|Finance|Stock Markets|Technology|World

Chips and ships

From the Editor Hello Morning Bid readers! 

Chips and ships
Business|Economy|Political|World

Kazakhstan’s ruling party announces merger with pro-Tokayev upstart

Kazakhstan's ruling Amanat party said on Friday it is merging itself into a party created earlier this year by allies of President Kassym-Jomart Tokayev ahead of

Kazakhstan’s ruling party announces merger with pro-Tokayev upstart
Business|Economy|Europe|Finance|MidEast|World

Bank of England to hold interest rates this year but strong minority see a hike: Reuters poll

The Bank of England will leave its key interest rate unchanged at 3.75% on June 18, according to all 65 economists polled by Reuters, who remained

Bank of England to hold interest rates this year but strong minority see a hike: Reuters poll
Business|Economy|Finance|Stock Markets|World

China's new loans miss forecasts in May as property slump curbs demand

China's new bank lending rose less than expected in May after contracting the previous month, as a prolonged property downturn continued to weigh on household borrowing.

China's new loans miss forecasts in May as property slump curbs demand
Business|Economy|Finance|Stock Markets|US|World

U.S. equity funds record first weekly outflow in three weeks

Investors pulled money out of U.S. equity funds in the week to June 10 on caution over a market selloff and expectatons that the Federal Reserve would stay hawkish for longer, but

U.S. equity funds record first weekly outflow in three weeks
Business|Crime|Economy|World

Brazil refiners fueled scheme linked to U.S.-designated terrorist group, source and documents show

Brazilian refineries sold over 100 million liters of naphtha to a firm investigated in an alleged fraud scheme

Brazil refiners fueled scheme linked to U.S.-designated terrorist group, source and documents show
Business|Economy|World

Stocks rise as oil slides on Gulf peace hopes, SpaceX market debut in focus

MSCI's global equities index rose on Friday and oil prices fell on fresh hopes for a peace deal between Iran and the U.S., while

Stocks rise as oil slides on Gulf peace hopes, SpaceX market debut in focus
Business|Economy|Finance|World

India's inflation accelerates to 3.93% in May, remains a tad below RBI target

India's retail inflation rose to 3.93% in May, driven by higher food and fuel costs, government data showed on Friday, while risks

India's inflation accelerates to 3.93% in May, remains a tad below RBI target
Business|Economy|Technology|World

South Korea's SK Hynix to opt for Nasdaq for planned US listing, sources say

South Korean memory chipmaker SK Hynix is looking to choose the Nasdaq for its planned U.S. listing, two sources familiar with

South Korea's SK Hynix to opt for Nasdaq for planned US listing, sources say