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Pentagon Adds BYD, Alibaba, Baidu to Military List, June 11
Pentagon designates BYD, Alibaba, and Baidu as Chinese military companies. Stocks fall 1-3.6% as U.S. restricts defense contracts with the firms.
Prince Harry Wins Invictus Funding After Australian Government U-Turn, June 10
Australia restores Invictus Australia funding after veterans credit the charity with preventing suicides and saving lives.
NASA Names Artemis III Crew for 2027 Moon Test Mission, June 10
NASA names Artemis III crew: Commander Bresnik, Pilot Parmitano, and specialists Rubio and Douglas for 2027 moon lander test.
Swedish King Carl Gustaf Marks 50th Wedding Anniversary, June 11
King Carl XVI Gustaf and Queen Silvia celebrate 50 years of marriage on June 11, 2026, after meeting at the 1972 Olympics.
FTSE 100 Edges Up 0.27% as Middle East Tensions Weigh, June 11
FTSE 100 rises 0.27% to 10,254.81 as markets balance deal optimism against US-Iran tensions and 4.2% US inflation. Oil near $91/barrel.
US Court Blocks Trump’s $100,000 H-1B Fee, Wins for Indian Workers
Federal court strikes down Trump’s $100,000 H-1B visa fee as unlawful. Judge rules president lacked authority to impose tax without Congress.
Vedanta Plans $5.2B Refinancing After Credit Upgrades, June 11
Vedanta Resources plans $5.2 billion refinancing of bonds and loans after S&P and Moody’s upgrades. Net debt fell to $4.9 billion as of March 2026.
HSBC Falls 3.6% as China Capital Controls Threaten Hong Kong Wealth Business, June 11
HSBC falls 3.6% as China tightens capital controls on Hong Kong offshore accounts, threatening wealth management business and mainland investor flows.
RBA Rate Cut Expected as Banks Reverse Hike Forecasts, June 11
CBA and NAB forecast RBA rate cuts in 2027 after economic weakness prompts reversal of hike predictions. Cash rate expected at 3.35% through 2026.