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Oil Reserves Depleting as Hormuz Blockade Persists, June 10
Iran war threatens oil supplies as Strait of Hormuz blockade persists. Brent crude near $100/barrel with risk of price shock in H2 2026.
Global Market Update: S&P 500 Futures Fall 0.2%, Hang Seng Futures Drop 0.7%, Topix Slides 0.3%
The Global Market opened with a cautious tone as investors reacted to renewed geopolitical tensions, rising oil prices, and uncertainty ahead of key inflation data from the United States. Early trading showed S&P 500 Futures down 0.2%, Hang Seng Futures lower by 0.7%, and Japan’s Topix index slipping 0.3%, indicating a softer start across major…
Lidl’s Panda 001 Sails Under German Flag, Heilbronn Becomes Shipping Hub
Lidl’s Tailwind Shipping Lines registers container ship Panda 001 under German flag, strengthening supply chain independence.
Iran War Costs UK Economy £25 Billion in Added Expenses, June 10
Iran war adds £25 billion in costs for UK and global firms as energy prices surge and supply chains face disruption.
Canada Expands Fighter Fleet to 140 Jets With F-35s and Gripens, June 09
Canada plans fighter fleet expansion to 140 jets, including F-35s and Swedish Gripens assembled domestically.
ASEAN Future Forum Opens in Hanoi, June 10
Vietnam hosts 2026 ASEAN Future Forum in Hanoi, focusing on AI, green economy, and regional cooperation to reshape ASEAN’s global role.
South Korea Blocks Japan Military Pact Over Colonial Apology, June 10
South Korea blocks ACSA military agreement with Japan, citing unresolved colonial history and public opposition to defense cooperation.
Hong Kong Banks Boost Savings Rates: HKD3,888 Cash Rebate Offers, June 10
Hong Kong banks offer up to HKD3,888 cash rebates on savings accounts with minimum deposits of HKD5 million through October 2026.
Hong Kong Civil Servants Get 2% Pay Rise Backdated to April
Hong Kong civil servants receive 2% pay rise for 2026-27, backdated to April 1, costing HK$6 billion across all salary bands.