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UN Chief Guterres Visits Haiti Amid Soaring Gang Violence and DisplacementB-52 Bomber Crashes During Test Flight at Edwards Air Force Base, Killing EightLong Island Architect Sentenced for Gilgo Beach MurdersUS Military Strikes Drug Smuggling Boat in Eastern Pacific, Killing OneBarry Moore Wins GOP Senate Runoff in Alabama, Trump Endorsement a Key FactorPresidential Libraries: A Look at Their Evolution and PurposeStorms along Gulf Coast may become first named storm of 2026 Atlantic hurricane seasonArgentina Fans Go to Extreme Lengths to Support World Cup ChampionsTrump's Endorsement Suffers Rare Defeat in Georgia GOP Governor PrimarySupreme Court Asked to Toss Trump Administration's Attempt to Deport 330,000 HaitiansUN Chief Guterres Visits Haiti Amid Soaring Gang Violence and DisplacementB-52 Bomber Crashes During Test Flight at Edwards Air Force Base, Killing EightLong Island Architect Sentenced for Gilgo Beach MurdersUS Military Strikes Drug Smuggling Boat in Eastern Pacific, Killing OneBarry Moore Wins GOP Senate Runoff in Alabama, Trump Endorsement a Key FactorPresidential Libraries: A Look at Their Evolution and PurposeStorms along Gulf Coast may become first named storm of 2026 Atlantic hurricane seasonArgentina Fans Go to Extreme Lengths to Support World Cup ChampionsTrump's Endorsement Suffers Rare Defeat in Georgia GOP Governor PrimarySupreme Court Asked to Toss Trump Administration's Attempt to Deport 330,000 Haitians
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Business·1d agoAI summary

RBA Interest Rate Decision Looms Amid Global Market Gains

The Reserve Bank of Australia's board will announce its June interest rate decision at 2:30pm AEST, followed by a press conference with Governor Michele Bullock. Global markets, including Wall Street, saw gains buoyed by a US-Iran ceasefire agreement and a rally in SpaceX shares, partly due to an investment by Gina Rinehart's Hancock Prospecting. Despite overseas optimism, ASX futures suggest a potential dip at the local open.

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OECD Report: China's Industrial Subsidies Reach $108 Billion in 2024, Distorting Global Markets
Urgent
Business·6/2/2026AI summary

OECD Report: China's Industrial Subsidies Reach $108 Billion in 2024, Distorting Global Markets

An OECD report reveals China provided approximately $108 billion in public funding to its companies in 15 key industrial sectors in 2024. This support, significantly higher than in OECD member countries and other emerging economies, is attributed to China's dominant global market share in sectors like solar panels, shipbuilding, and steel, leading to overcapacity and price depression.

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