The MOEX index fell by 1.3% to 2,409.53 points following the Bank of Russia's decision to cut its key rate by 25 basis points to 14.25%. The ruble strengthened against the yuan, while the US dollar gained and the euro fell against the ruble.
The Bank of Russia has reduced its key interest rate by 25 basis points to 14.25% per annum. The decision comes as economic growth continues at a moderate pace, with underlying price growth edging down, though lending growth has accelerated. The regulator noted that a more accommodative fiscal policy may necessitate a higher key rate path in the future.
Apple unveiled major updates at WWDC 2026, including enhanced Siri integration across macOS, iOS 27, and iPadOS 27. The company also highlighted AI advancements, potentially through a Google partnership, and improvements to older iPhones.
Adel Mohsen, a Yemeni football enthusiast, struggles to watch the World Cup due to power cuts, fuel shortages, and economic hardship exacerbated by over a decade of war. He relies on a public screen in Mukalla, unable to afford home electricity backups or internet streaming.
U.S. Commerce Secretary Howard Lutnick has reportedly told ASML executives he fears the Dutch chipmaker's advanced EUV lithography machines may have been sent to China, a potential breach of export controls. ASML denies this, stating no such machine exists in China, while U.S. officials claim to have evidence but have not shared it.
Indian IT stocks, including Tata Consultancy Services, Infosys, and Tech Mahindra, fell up to 7% on Friday following Accenture's reduced revenue growth forecast for FY26 to 3-4%, impacting sector sentiment.
Z.ai launched GLM-5.2, a powerful open-source AI model trained on Huawei Ascend chips, showing strong performance on benchmarks like FrontierSWE and SWE-bench Pro. The model boasts a 1 million-token context window and an MIT license, with competitive API pricing and potential for local deployment.
Cuban President Miguel Díaz-Canel acknowledged the need for "urgent changes" to address a severe economic crisis, admitting that internal issues like "slowness, bureaucracy" contribute significantly, not just the US blockade. He cited China and Vietnam as potential models for reform.
Israel's Foreign Minister Gideon Sa’ar announced the severing of all contact with EU top diplomat Kaja Kallas following reports she compared Israel to apartheid-era South Africa. Kallas attempted to de-escalate, but Sa'ar demanded a clear retraction or denial.
US Defense Secretary Pete Hegseth announced a review of US military presence in Europe, linking future troop numbers and NATO dues to allies' defense spending. He criticized "free riding" and "shameful" inaction on using airbases for strikes against Iran, threatening force reductions in low-spending nations.
City & Guilds has guaranteed that plans for mass compulsory redundancies and offshoring of UK jobs to Greece will no longer go ahead, following union negotiations. The vocational training body faced backlash after its acquisition by PeopleCert.
Israeli Foreign Minister Gideon Saar has severed contact with EU foreign policy chief Kaja Kallas, citing a Euractiv report alleging Kallas compared Israel's treatment of Palestinians to Apartheid South Africa. Kallas responded by emphasizing the EU's commitment to a two-state solution and condemning settlements, but did not directly deny the alleged comparison.
Activists protested the SuperReturn private equity conference in Berlin, criticizing the industry's practices of wealth extraction and high debt financing. They argue that private equity firms prioritize profit over company growth and worker welfare, often leading to detrimental effects on businesses and the economy.
Activists protested the SuperReturn private equity conference in Berlin, highlighting wealth inequality and the controversial practices of private equity firms. They argue that much of the superrich's wealth is inherited and advocate for higher inheritance taxes.
Le secrétaire à la Défense américain, Pete Hegseth, a annoncé un réexamen de la présence militaire des États-Unis en Europe d'ici six mois. Il a menacé de réduire la contribution américaine au budget de l'OTAN si les pays européens ne respectent pas leurs engagements de dépenses de défense.
Morris Chang, founder of TSMC, cautioned companies against layoffs, especially if rehiring is likely within a year. He highlighted hidden costs like severance and training, and the impact on employee trust, drawing from TSMC's controversial 2009 performance-based layoffs.
Amazon founder Jeff Bezos countered widespread fears of AI-induced job losses at a Paris tech conference, predicting instead a future labor shortage due to AI's ability to identify more problems and unlock productivity. This optimistic view contrasts with recent reports showing AI as a leading reason for job cuts.
The BBC is cutting 550 jobs in news, nations, and TV/radio content as part of a plan to save £500m over two years. The cuts include ending Radio 4's The World Tonight, reducing presenters on Today, and merging production teams for Sunday with Laura Kuenssberg and Newsnight.
BBC Radio 4's "The World Tonight" is being cancelled after over 50 years as part of significant cost-saving measures. The cuts will also lead to job losses, program reductions, and a review of BBC channels and stations, with a focus on shifting content to digital platforms.
The US Department of Labor is threatening to withhold administrative funds from states for the first time in history if they fail to combat waste, fraud, and abuse in unemployment insurance programs. Acting Secretary Keith Sonderling sent letters to 53 states and territories, specifically highlighting California, New York, and Illinois.
NATO Secretary-General Mark Rutte stated the US is not withdrawing from the alliance despite force cuts, emphasizing that European members are ready to contribute more troops. He argued that reducing US reliance strengthens NATO, with Denmark announcing a deployment of 850 troops to the Baltic region.
The European Commission is struggling to implement its ambitious plan to slash red tape and save the EU economy billions, facing significant pushback from EU governments and lawmakers who are diluting proposals. Commissioners expressed frustration over the rollback of simplification efforts, particularly concerning chemicals, digital, environmental, and pesticides rules, as negotiations become tense over balancing competitiveness with environmental and health safeguards.
BBC Director General Matt Brittin announced sweeping cuts, including programme scrapping and compulsory redundancies, to save £500m over three years. Around 2,000 jobs are expected to be lost as the corporation reviews its TV and radio network to adapt to digital audiences.
UK inflation held steady at 2.8% in May, defying expectations of a rise. This suggests the Middle East conflict's impact on living costs may be less severe than feared, despite high fuel prices. Economists are downgrading inflation forecasts and questioning future interest rate hikes.
