Oil prices dropped after a reported US-Iran deal for a 60-day ceasefire extension and nuclear talks, pending Trump's approval, despite recent US strikes on Iran.
NEWSAISpaceX is set to go public next week with shares priced at $135, aiming to raise $75 billion and valuing the company at $1.75 trillion. This IPO, expected on Nasdaq June 12, could make Elon Musk a trillionaire. Analysts note the valuation is high, but future earnings potential may attract investors.
NEWSAINissan is in non-binding talks to manufacture cars for Chinese manufacturer Chery at its Sunderland plant in northern England. The deal could secure jobs for 6,000 workers and mark the first mass-market Chinese car production in Britain.
NEWSAIUnite union alleges PeopleCert, owner of City & Guilds, has been dishonest about plans to cut ~400 UK jobs, withholding info and hiring externally. Investigations are ongoing into the controversial sale and executive bonuses.
NEWSAINissan is in talks to manufacture cars for Chinese brand Chery at its Sunderland plant in northern England. The non-binding agreement could secure jobs at the UK's largest car factory, with production potentially starting in the 2027 financial year.
NEWSAILloyds Banking Group apologized after an IT glitch prevented thousands of customers from making payments or sending money. The outage affected multiple brands including Lloyds Bank, Halifax, Bank of Scotland, Scottish Widows, and MBNA, raising concerns about customer protections.
NEWSAIUniversal's new UK theme park, Universal United Kingdom Resort, will open in 2031 with £1.3bn in government funding. The US entertainment giant will invest £5bn, expecting 8.5 million visitors annually, creating 20,000 construction jobs and 8,000 permanent roles.
