Investment scams involving gold, crypto, and wine have surged, with over £220m lost in the past year. UK banks reported nearly 15,000 such scams in 2025, fueled by AI's ability to create sophisticated, large-scale deceptions. Overall fraud losses reached £1.28bn.
Donald Trump announced a deal to end the war on Iran, with a signing expected Friday. He will discuss the deal at the G7 Summit in France. Global oil prices dropped on the news, but details remain scarce.
Gina Rinehart's Hancock Prospecting has made a significant investment in Elon Musk's SpaceX, reportedly at least $1.4bn, as the company began trading on sharemarkets. Rinehart expressed confidence in Musk and excitement about SpaceX's AI prospects, with potential for collaboration on AI infrastructure and critical mineral supply.
Australian pharmaceutical group Sigma Healthcare has dropped its $10bn pursuit of UK retail chain Boots, stating the deal would not meet its strategic and capital investment objectives. The withdrawal extends uncertainty for the 177-year-old chain, which was put up for sale in 2022. Sigma shares rose 6% on the news.
Passive funds in India have surged from 6% to 25% of the mutual fund industry in a decade, a rapid shift attributed to maturing markets, investor scrutiny of active management fees, and the underperformance of large-cap funds against benchmarks. Sid Swaminathan of JioBlackRock highlights this as a unique inflection point driven by a booming digital ecosystem and evolving investor behavior.
Passive funds in India have surged from 6% to 25% of the mutual fund industry in a decade, driven by maturing markets, investor scrutiny of active fees, and a majority of large-cap funds underperforming benchmarks. This rapid shift is occurring faster than in mature markets, fueled by a booming digital ecosystem and diverse investor segments.
Prime Minister Kim Min-seok pledged significant financial aid on Monday to boost corporate investment in non-metropolitan areas, aiming to foster economic growth engines for balanced national development.
President Trump celebrated his 80th birthday by hosting UFC "Freedom 250" on the White House South Lawn. The event featured thousands of attendees, patriotic displays, and multiple fights, coinciding with the 250th anniversary of the Declaration of Independence and a US-Iran agreement on the Strait of Hormuz.
President Trump celebrated his 80th birthday by hosting UFC "Freedom 250" on the White House South Lawn. The event featured military personnel, dignitaries, and thousands of fans, coinciding with the 250th anniversary of the Declaration of Independence and a US-Iran agreement on the Strait of Hormuz. The temporary arena, costing over $60 million, hosted multiple fights, patriotic displays, and performances.
South Korea is pushing to independently develop a manned submersible by 2030, investing 32.5 billion won. A seminar was held to discuss securing independent technology and establishing legal/institutional frameworks to support deep-sea exploration, highlighting the need for technological self-reliance and international competitiveness.
Bihar's inland fisheries ecosystem will be strengthened with the launch of new initiatives, including an integrated aqua park in Bhojpur and a national fisheries development board regional center in Patna. These projects, involving over Rs 31 crore, aim to boost seed availability, promote technology, and increase farmer incomes.
New UK Defence Secretary Dan Jarvis will review a controversial defence investment plan (Dip) and may seek more funds from the Treasury. This follows the resignation of the former Defence Secretary John Healey over funding disagreements, casting a shadow over the upcoming G7 summit.
UK and Japan have agreed a multi-billion pound investment deal, with Japanese firms pledging over £9bn for UK infrastructure and financial services, and up to £9bn for offshore wind projects, creating tens of thousands of jobs. Prime Minister Sir Keir Starmer hailed it as a "new era of co-operation".
India's public discourse has shifted from viewing China as a villain to a more neutral stance, influenced by Moscow's push for a Russia-India-China strategic triangle. This development is significant as it aims to ease tensions between India and China.
Broughton Sanctuary estate in North Yorkshire is undergoing a major rewilding transformation with funding from Rebalance Earth. The project aims to restore natural habitats, increase biodiversity, and generate economic returns through nature credits.
Finance Minister Nirmala Sitharaman defended the Modi government's economic record against Rahul Gandhi's criticism, highlighting India's growth amid global challenges and accusing Gandhi of undermining national achievements. She cited poverty reduction, infrastructure development, and digital progress as key successes.
UK cabinet ministers are searching for additional funds to increase defence spending following the resignation of former defence secretary John Healey. Culture secretary Lisa Nandy confirmed departments are in talks with the Treasury to find more money for defence, as the new defence secretary, Dan Jarvis, works on an alternative plan before the Nato summit.
The UK and Japan are set to sign over 10 commercial and government agreements worth £18bn, including a £9bn offshore wind deal and collaboration on next-generation technologies. Prime Minister Keir Starmer will host Japanese counterpart Sanae Takaichi ahead of the G7 summit, aiming to create tens of thousands of jobs and boost economic growth.
台灣計劃斥資2億美元協助巴拉圭興建數據中心，以鞏固與南美洲唯一邦交國的關係。該中心預計提供10兆瓦計算能力，並已接觸Google、微軟和亞馬遜等科技巨頭。此舉也獲得美國支持，有助於將巴拉圭納入親美陣營。
A KPMG study reveals Saudi Arabia as a top global market for tech trust and efficiency, fueled by digital investments and AI adoption. Saudi institutions are outperforming global peers in converting tech investments into tangible financial returns, with a high expectation for AI-driven growth and a significant lead in cybersecurity maturity.
DAZN Japan has apologized for mistakenly describing its annual "DAZN Soccer" plan as a monthly plan on some pages between May 30 and June 11. Customers who subscribed during this period and wish to cancel will be accommodated with refunds or changes to other plans.
US investment groups are racing to capitalize on Venezuela's oil sector reopening, with firms like Lionheart Capital targeting underinvested fields. A proposed merger could create the first Nasdaq-listed company offering direct access to Venezuelan oil assets, signaling renewed international interest amid political shifts and Middle East instability.
The UK government has announced a £1.1bn investment in AI hardware, aiming to foster domestic chip companies. Alongside this, new measures will compel big tech firms like Apple and Google to block child nudity online, with potential criminal liabilities for non-compliance. Future actions may include an under-16 ban on high-risk social media apps.
SpaceX CEO Elon Musk has become the world's first trillionaire following a successful IPO that saw shares surge, valuing the company over $2 trillion. New York City Mayor Zohran Mamdani used the milestone to push for taxing the wealthy, proposing a new 'pied-à-terre' tax on luxury homes.
