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UP Power Bills Rise 10% in June as UPPCL Adds Fuel Surcharge
Uttar Pradesh electricity bills rise 10% in June 2026 with fuel surcharge. UPPCL’s calculation questioned by regulator. Affects 3.73 crore consumers.
ASX Falls 0.8% as Banks, Real Estate Weigh; Rare Earths Gain Status
ASX 200 falls 0.8% to 8656.60 as banks and real estate weaken. Arafura Rare Earths’ Nolans project gains significant status.
SAP Stock Surges 7.9% to $196.11 on Cloud and AI Push, June 02
SAP stock rises 7.9% to $196.11 on cloud and AI strategy momentum. Meyka rates it B+ with strong analyst support for enterprise software growth.
German Tech Giants Lead AI and Aerospace Innovation, June 02
T-Systems and Fraunhofer lead aerospace and AI innovation at ILA Berlin 2026, showcasing SAP Business AI and electric aircraft technology.
Lloyds Banking Group Considers Shutting Halifax Brand, June 02
Lloyds considers closing Halifax brand to cut costs. UK house prices fall 0.6% in May as mortgage rates hit 5.68%.
DAX Ends May with Gains, Starts June Cautiously at 25,079
DAX falls 0.4% to 24,994 on June 1 after strong May. Geopolitical tensions and European weakness drive caution.
SMH Semiconductor ETF Hits $607.81 on Strong Chip Demand, June 02
SMH semiconductor ETF at $607.81, up 1.48% daily with 66.31% YTD return driven by AI chip demand and hedge fund buying.
Vietnam Opens Digital Assets as Loan Collateral for SMEs, June 01
Vietnam proposes letting SMEs use digital assets and crypto as loan collateral to unlock USD 24B credit gap. Draft law open for public consultation.
FTSE 100 Falls 0.68% to 10,338.95 on June 01
FTSE 100 slides 0.68% to 10,338.95. Eighteen companies pay dividends in June with yields up to 6.6%. Meyka rates the index C+ with 11,026 target.