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Trump Proposes 12.5% Tariffs on Switzerland Over Forced Labor, June 04
Trump administration proposes 12.5% tariffs on Switzerland and 44 countries for failing to enforce forced labor import bans.
RBI Denies $12 Billion Gold Sale, Holdings Steady at 880.52 Tonnes
RBI denies $12 billion gold sale rumours. Physical gold reserves remain at 880.52 tonnes amid rupee concerns.
Bitcoin Crashes to $65,421 as $1.8B Liquidations Hit, June 03
Bitcoin fell to $65,421 on June 3, down 3.7% daily, with $1.8B in liquidations as capital shifts to IPOs and stocks.
Liberia Iron Ore Boom: ArcelorMittal Resumes Operations, Output Targets 30 Mtpa by 2026
Liberia targets 30 Mtpa iron ore output by 2026 as ArcelorMittal resumes operations amid global supply deficit.
Intel Memory Prices Surge as AI Demand Strains Supply Through 2027
Memory chip prices surge amid AI demand. Supply shortages extend to 2027, raising system costs and pressuring PC maker margins.
UK PM Starmer Defends Disappearing WhatsApp Messages, June 03
PM Starmer defends disappearing WhatsApp messages after government releases 1,000+ pages of Mandelson ambassador appointment documents.
Alphabet Raises $80 Billion for AI as Stock Falls 3.8%, June 03
Alphabet raises $80 billion for AI infrastructure; GOOGL falls 3.8% amid dilution concerns. Berkshire Hathaway commits $10 billion.
Barclays PLC 465.50 GBX: 20,000 UK Staff Get 5.35% Pay Increase
Barclays PLC has announced a fresh 5.35% pay increase for around 20,000 UK employees, reflecting growing pressure on employers to support workers during a high-cost economic environment. The bank’s shares recently traded around 465.50 GBX, showing that investors are closely watching how rising staff costs may impact profitability. This move comes at a time when…
UK Economy Forecast: 0.9% Growth, 1.4% Last Year, OECD Warns Recession Risk
The latest outlook for the UK economy shows a clear slowdown in growth momentum as global and domestic pressures continue to weigh on performance. According to updated projections, economic growth is expected to reach only 0.9% in the coming period, compared to 1.4% recorded last year. This downgrade reflects weaker business investment, persistent inflation pressures,…