TOKYO (June 7): Oil extended losses on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi Arabia's surprise weekend pledge to deepen output cuts.

Oil extends losses as economic slowdown concerns return

(June 7): As his workers raced to meet a recent deadline, Andre Schulte-Suedhoff did something he hadn’t done in more than 20 years — he joined the production line at his factory near Munster and spent his weekend screwing together air-filter equipment.

“That’s quite bizarre,” the ...

Germany is running out of workers, putting growth in jeopardy

US Secretary of State Antony Blinken met Saudi Crown Prince Mohammed bin Salman in the early hours of Wednesday and discussed a wide range of bilateral issues, in an "open, candid" conversation, a US official said.

Saudi crown prince, Blinken had 'candid' talks in Jeddah — US official

BEIJING (June 7): China's exports shrank much faster than expected in May and imports fell, albeit at a slower pace, as manufacturers struggled to find demand abroad and domestic consumption remained sluggish.

China's exports tumble in May as global demand falters

HONG KONG (June 7): Most Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood.

Asia stocks hold up, China gives up some gains after weak trade data

NEW YORK/WASHINGTON/TOKYO/SINGAPORE (June 6): The top US securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation.

US tightens crackdown on crypto with lawsuits against Coinbase, Binance

SYDNEY (June 7): Australia's central bank chief on Wednesday stepped up a warning of more rate hikes ahead to temper rising price pressures, even as risk of a steep economic downturn heightens with data showing GDP expanded at its weakest pace in 1-1/2 years last quarter.

Australia central bank steps up warning of more rate hikes even as growth slumps

Boeing Co will delay deliveries of its 787 Dreamliner after uncovering a defective part in recent days, a setback as the plane-maker works to meet soaring demand for its long-range aircraft.

The flaw may affect about 90 already-built Dreamliners that haven’t yet been delivered, Boeing said, as well as a handful of planes on its final assembly line in North Charleston, South Carolina. Each aircraft will be inspected for improperly sized shims within the horizontal stabiliser, a tiny wing attached to a jet’s tail.

Boeing to delay some 787 deliveries after finding new glitch

NEW YORK (June 6): New York City on Tuesday sued Hyundai Motor Co and Kia Corp, accusing the South Korean automakers of negligence and creating a public nuisance by selling vehicles that are too easy to steal.

New York City sues Hyundai, Kia over vehicle thefts

(June 7): The European Union is considering a mandatory ban on member-states using companies that might pose a security risk in their 5G networks, including China's Huawei Technologies Co Ltd, the Financial Times reported on Tuesday (June 6).

EU considers mandatory ban on using Huawei to build 5G — FT

BENGALURU (June 7): Gold prices inched higher on Wednesday, trading in a tight range as support from a weaker dollar countered concerns surrounding the US Federal Reserve's next interest rate decision.

Gold trades in tight range as investors await Fed decision

SYDNEY (June 7): Australia's economy grew at the weakest pace in 1-1/2 years last quarter, as high prices and rising interest rates sapped consumer spending, while emerging signs pointed to further softness ahead amid elevated borrowing costs and a slowdown in global growth.

Australia Q1 GDP growth hits weakest pace in 1-1/2 years as consumers struggle

JEDDAH, Saudi Arabia (June 7): US Secretary of State Antony Blinken arrived in Saudi Arabia on Tuesday (June 6) on a mission to steady Washington's relationship with Riyadh, after years of deepening disagreements on issues ranging from Iran and regional security to oil prices.

Blinken visits Saudi Arabia amid strained ties, Israel normalisation in mind

WASHINGTON (June 6): The battle to raise the US debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday that he had no immediate plans to take up legislation to boost defence spending beyond what was in last week's deal.

World

‌
‌

World

‌‌

‌
‌