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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.
Agrola Closes All Swiss Hydrogen Stations by Year-End, June 10
Agrola closes three Swiss hydrogen stations by end of 2026 due to low demand, reflecting EV dominance in Europe’s clean transport strategy.
Dow Falls 1.4% as Iran Tensions Push Oil Above $91, June 11
Dow Jones, S&P 500, and Nasdaq fell as Trump Iran threats boosted oil to $91 and inflation hit 4.2%. Chip stocks led losses.
JD.com-Backed Kai Bo Supermarket Hits 100 Stores, Launches 20% Discount June 11
Kai Bo Supermarket reaches 100 stores in Hong Kong under JD.com ownership with chain-wide 20% discount starting June 11 on all products.
S&P 500 Falls 0.26% as Chip Rally Fizzles, June 11
S&P 500 drops 0.26% to 7,386.65 as chip stocks fade amid AI valuation concerns. Nasdaq falls 0.97%.
Germany Inflation Slows to 2.6% in May as Growth Stalls
Germany’s inflation fell to 2.6% in May 2026 from 2.9% in April, while industrial production declined year-over-year as the euro area economy slows.
EV Charging Market Grows to $15.2B by 2034 as Infrastructure Expands
Grid-integrated EV charging market projected to reach $15.2B by 2034 at 10.1% CAGR, with ultra-fast infrastructure growing 16.3% annually.
Visa and Mastercard Win Preliminary Approval for $38 Billion Swipe Fee Settlement
Visa and Mastercard Win a significant legal victory after receiving preliminary approval for a proposed $38 billion swipe fee settlement. The agreement represents one of the largest antitrust settlements in U.S. history and could reshape the relationship between merchants, payment processors, and consumers. The settlement addresses long-standing disputes over interchange fees, commonly known as swipe…
Starbucks Weighs Japan Stake Sale Worth Up to $3.1 Billion Amid Global Restructuring
Starbucks is reportedly exploring the sale of its stake in its Japanese business in a deal that could be valued at as much as $3.1 billion. The move comes as the coffee giant continues a broader global restructuring effort aimed at improving efficiency, strengthening profitability, and focusing on long-term growth opportunities. The potential transaction has…