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BABAF News Today: Stay Updated with the Latest Alibaba Group Holding Limited News in Real Time

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Pulitzer Prize Historian Gordon S. Wood Dies at 92 in Rhode Island
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Pulitzer Prize Historian Gordon S. Wood Dies at 92 in Rhode Island

Pulitzer Prize-winning historian Gordon S. Wood, renowned for his work on the American Revolution, dies at 92 in East Providence, Rhode Island.

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SNS Fraud Scheme Nets 41 Arrests, 650M Yen in Losses, June 11
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SNS Fraud Scheme Nets 41 Arrests, 650M Yen in Losses, June 11

Osaka police arrest 41 for SNS fraud impersonating influencers, defrauding 2,300 people of 650 million yen through fake side-job courses.

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S&P 500 Falls 1.62% as Chip Stocks Plunge, Iran Tensions Rise
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S&P 500 Falls 1.62% as Chip Stocks Plunge, Iran Tensions Rise

S&P 500 fell 1.62% to 7,266.99 on June 9 as chip stocks plunged and Iran tensions spiked. CPI inflation hit 4.2% annually, raising rate hike concerns.

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Zambia Unlocks $275M for Power Grid With Historic Debt Buyback, June 11
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Zambia Unlocks $275M for Power Grid With Historic Debt Buyback, June 11

Zambia completes $1.36 billion debt buyback, freeing $275 million for power grid upgrades after 2020 default restructuring.

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Consumer Price Index Jumps 4.2% in May, Strengthening the US Dollar and Pressuring Gold
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Consumer Price Index Jumps 4.2% in May, Strengthening the US Dollar and Pressuring Gold

A hotter inflation reading has once again become the center of attention for investors. The latest US inflation report showed that the Consumer Price Index rose 4.2% year over year in May, matching market forecasts and marking the highest inflation level since April 2023. The report triggered renewed debate about Federal Reserve policy, Treasury yields,…

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Kioxia Stock Plunges 7.8% on June 11 as Chip Rally Fizzles
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Kioxia Stock Plunges 7.8% on June 11 as Chip Rally Fizzles

Kioxia stock fell 7.8% to ¥70,500 on June 10 amid chip sector weakness and profit-taking after AI-driven rally.

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Macron Chairs G7-China Trade Talk on Economic Imbalances, June 11
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Macron Chairs G7-China Trade Talk on Economic Imbalances, June 11

Macron chairs G7-China video call on trade imbalances. Discussion includes IMF and emerging economies. G7 summit follows in Evian next week.

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Gold Slides 3.6% After US-Iran Clashes Reignite Rate Hike Bets, June 11
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Gold Slides 3.6% After US-Iran Clashes Reignite Rate Hike Bets, June 11

Gold futures fell 3.6% to $4,133.30 after US-Iran tensions renewed inflation concerns and rate hike bets. Spot gold dropped 4.5% to $4,070.56.

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RBI Secures 50% of Addiko Shares in Takeover Bid, June 11
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RBI Secures 50% of Addiko Shares in Takeover Bid, June 11

RBI secures 50.42% acceptance for Addiko takeover at 26.50 EUR per share. NLB rival bid at 33.50 EUR. Acceptance ends July 22, 2026.

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