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UK Economy Shrinks: GDP Drops 0.1% in April as Iran Conflict Sends Energy Costs Soaring and Growth Slows
The UK Economy faced a setback in April as the country’s Gross Domestic Product (GDP) fell by 0.1%, highlighting growing pressure from higher energy prices, weaker consumer demand, and increasing global uncertainty. The decline came at a time when geopolitical tensions involving Iran pushed energy costs higher, creating additional challenges for businesses and households. The…
SpaceX IPO Prices at $135, Raising Record $75 Billion, June 12
SpaceX prices $75 billion IPO at $135 per share, valuing the company at $1.77 trillion. Trading begins June 12 on Nasdaq under ticker SPCX.
German Court Case: Burp Triggers Robbery Charges, June 12
Four German men face robbery charges after allegedly taking offense to a victim’s burp in June 2025, raising proportionality questions.
Indian Stock Market Week Closing: Sensex Gains 2.30% to 75,527 as Bulls Eye 76K Resistance Zone
The Indian stock market closed the week on a strong bullish note. The Sensex jumped 2.30% to close at 75,527, marking one of the strongest weekly recoveries in recent sessions. The Nifty also followed the upward trend, supported by heavy buying in financial and blue-chip stocks. We saw strong risk-on sentiment across Dalal Street. Global…
RCMP Charges 5 People in Nova Scotia Drug and Gun Busts, June 12
RCMP charges 5 people in Nova Scotia drug trafficking busts. Cocaine, methamphetamine, guns, and vehicles seized.
TVB City Studio Fire Contained in 24 Minutes, June 12
Two-alarm fire at TVB City studios in Tseung Kwan O extinguished in 24 minutes. No injuries reported. Fire Services investigating.
Trump Claims Iran Deal Close as Tensions Linger, June 12
Trump claims US-Iran deal is near and cancelled strikes; Iran denies final agreement. Brent crude falls to $89/barrel on de-escalation hopes.
European Stocks Rally as Oil Falls Near $93 on US-Iran Diplomatic Hopes; STOXX 600 Holds Gains
When oil falls, European stocks gain, and that trade is playing out precisely on June 12, 2026. The pan-European STOXX 600 navigated a choppy session this week as oil prices hovered near $93 per barrel following one of the biggest exchanges of hostilities between the US and Iran since the two countries agreed to a…
Dow Jones futures jump 0.6%, S&P 500 rises 0.5%, Nasdaq 100 adds 0.4% after sudden Iran de-escalation move
U.S. stock futures moved higher in early trading as global risk sentiment improved sharply. Dow Jones futures climbed around 0.6%, S&P 500 futures gained 0.5%, and Nasdaq 100 futures added nearly 0.4%. The main trigger is a sudden shift in geopolitical tone around Iran. Reports suggest progress in diplomatic discussions and a possible easing of…