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Bihar Withdraws ₹3,662 Crore From Contingency Fund for Pensions, June 11
Bihar cabinet withdraws ₹3,662 crore from contingency fund for social security pensions amid opposition concerns over fiscal management.
HSBC Falls 3.6% as China Capital Controls Threaten Hong Kong Wealth Business, June 11
HSBC falls 3.6% as China tightens capital controls on Hong Kong offshore accounts, threatening wealth management business and mainland investor flows.
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.
CRA Account Breach Settlement Offers Up to $5,000 Payout, June 10
CRA breach settlement offers Canadians up to $5,000 compensation. Eligible if you had a CRA account in 2020. Claim from $8 million payout fund.
Shanghai Vice Mayor Chen Yujian Under Investigation for Corruption, June 11
Chen Yujian, Shanghai vice mayor, under investigation by China’s central discipline commission for serious violations since 2022.
South Africa Mass Shooting Kills 12 in Johannesburg, June 10
Mass shooting at Jumpers informal settlement in Cleveland, Johannesburg kills 12, injures 9. Police manhunt underway for suspects.
Japan’s Housing Loans Face Pressure as Bank of Japan Raises Rates to 1.0%, June 11
Bank of Japan raises rates to 1.0% on June 15. Fixed mortgage rates climb to 3.21%, while variable rates remain vulnerable to future increases.
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.
Belfast Knife Attack Sparks Anti-Immigrant Riots, June 10
Sudanese man charged with attempted murder after knife attack in Belfast. Police deploy 200 extra officers as riots erupt.