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Ukraine ratifies $134 billion EU loan to boost spending on defence
International

Ukraine ratifies $134 billion EU loan to boost spending on defence

Ukraine's Parliament ratified a €90 billion EU loan to bolster its economy and defense. The funds will boost military spending to record levels while improving energy resilience. However, the aid is conditional on Ukraine implementing key anti-corruption reforms.
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Japan banks battle to secure deposits as savers chase market highs
Finance

Japan banks battle to secure deposits as savers chase market highs

As savers chase high returns in Japan's booming stock market, banks struggle to secure traditional deposits. This shift forces financial institutions to innovate their offerings and focus on transaction banking to sustain lending opportunities.
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Australia extends quarantine for hantavirus-hit cruise ship passengers
Asia

Australia extends quarantine for hantavirus-hit cruise ship passengers

Australia has extended the quarantine for repatriated cruise ship passengers affected by hantavirus. The period is now set for 42 days total, until June 23. This measure keeps Australian citizens and residents isolated near Perth following health advice.
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Rescuers in Laos say more oxygen needed to save 7 divers trapped in cave
Asia

Rescuers in Laos say more oxygen needed to save 7 divers trapped in cave

Rescue efforts continue for seven divers trapped in a flooded cave in Laos. Although at least five have been found alive, none have been rescued yet. Rescuers urgently require additional oxygen tanks to sustain life support and complete the complex extraction mission.
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Singapore-listed Wilmar shares dive most in 6 years on Indonesia probe
Business

Singapore-listed Wilmar shares dive most in 6 years on Indonesia probe

Wilmar International's Singapore-listed shares plummeted after Indonesian authorities launched a probe. The investigation targets suspected under-invoicing and transfer pricing of palm oil exports, causing significant market concern for the major producer.
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Wage growth slowed for Singapore workers in 2025, expected to stay moderate in 2026: MOM
Business

Wage growth slowed for Singapore workers in 2025, expected to stay moderate in 2026: MOM

Singapore's 2025 nominal wage growth slowed due to easing inflation. However, real wages grew by 4%, boosting worker purchasing power. The Ministry of Manpower expects positive but moderate real wage increases in 2026 amid global uncertainties and inflationary pressures.
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Iran and US trade air strikes after Trump dismisses report of Hormuz deal
International

Iran and US trade air strikes after Trump dismisses report of Hormuz deal

Tensions flared as Iran targeted a US airbase following strikes near Hormuz. The escalation occurred after Trump dismissed reports of an imminent peace deal, underscoring deep disagreements over international passage rights and sanctions.
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Capgemini says AI widens client spending pool
Business

Capgemini says AI widens client spending pool

Capgemini stated that AI is broadening client spending beyond traditional IT budgets. The company argues clients view AI as a major operational shift, not just an upgrade. This expansion increases Capgemini's service scope and resilience against automation fears, bolstering its business pipeline.
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US denies Iran report on draft peace deal to reopen Strait of Hormuz
International

US denies Iran report on draft peace deal to reopen Strait of Hormuz

The US refuted an Iranian state media report detailing a draft peace deal to reopen the Strait of Hormuz. The White House dismissed the MOU as "a complete fabrication." Negotiations remain complex due to disputes over passage management and blockades.
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Cambodia sentences six for murder of Korean student
International

Cambodia sentences six for murder of Korean student

A Cambodian court sentenced six Chinese nationals to life imprisonment for torturing and murdering a South Korean student at a notorious scam center. This incident sparked diplomatic action from Seoul against widespread cyberfraud operations across Southeast Asia.
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China warns Quad ministers against provoking conflict
Asia

China warns Quad ministers against provoking conflict

China criticized the Quad nations for criticizing its maritime actions in the South and East China Seas. Beijing warned that forming "cliques" or provoking conflict is unpopular, urging countries to cease interfering in its regional affairs.
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Korea detains fleeing Chinese dissident found at sea
International

Korea detains fleeing Chinese dissident found at sea

South Korean authorities detained a Chinese dissident, Dong Guangping, found in a rubber boat off the west coast. He is a critic of China's Communist Party who has repeatedly attempted to flee his home country. He was arrested on suspicion of immigration law violations.
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