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• U.S. employers added 172,000 jobs in May, while the unemployment rate remained steady at 4.3 percent. • The data, which is seasonally adjusted, suggests a robust labor market that may complicate efforts to lower interest rates. • Donald Trump has pushed for steep rate cuts and recently celebrated the appointment of Kevin M. Warsh as the central bank's chair to achieve this goal.

• Two former Constitutional Court research officers have joined major law firms, sparking concerns over a "Jaepanso-won insider market" where former officials leverage specialized knowledge for private gain. • In a separate domestic issue, the National Election Commission reported that 67 polling stations experienced ballot shortages, with 15 of those incidents concentrated in the Songpa District. • On the international front, Chinese President Xi Jinping is traveling to Pyongyang for the first time in seven years to reassert China's influence amid strengthening ties between North Korea and Russia.

• The US economy added 172,000 nonfarm payroll jobs in May, significantly exceeding previous forecasts according to the US Bureau of Labor Statistics. • Employment growth was primarily driven by gains in health care, local government, and the leisure and hospitality sectors, while financial activities saw a decline. • This stronger-than-expected job growth is fueling market bets that the Federal Reserve may implement further interest rate hikes to combat inflation.

Greater Manchester mayor’s proposals amount to a notable criticism of Keir Starmer’s policy in the areaUK politics live – latest updatesAndy Burnham has proposed a 20% cut to business rates for pubs with many smaller, family-run enterprises taken out of paying the levy altogether, in his first major policy initiative during the Makerfield byelection.Burnham’s plans amount to a notable criticism of Keir Starmer’s policy in the area, with the Greater Manchester mayor saying: “Labour have got it wrong on small businesses.” Continue reading...

The invertebrates were likely destined for the pet trade, including as reptile foodMore than 100,000 live, exotic cockroaches have been seized from a commercial breeder in New South Wales in a record-breaking bust linked to the pet trade.Biosecurity officials seized the animals, which have a commercial value of up to $200,000, from a commercial breeder in Bathurst in the state’s central west this week. Continue reading...

Platner says claims in New York Times article of physical misconduct and offensive remarks ‘politically motivated’Graham Platner, a Democratic candidate for the US Senate, has rejected an explosive new report about his treatment of women, insisting that allegations of abusive behavior are “politically motivated”.Platner, a progressive running for election in Maine, was responding to a New York Times article published on Thursday that included an interview with a Republican operative who accused him of womanizing, physical misconduct and making troubling comments about rape. Continue reading...

Peter Kyle says British politics fails to reward political accomplishment and Labour risks aping Tory instabilityThe Labour party has not learned the right lessons from the Conservatives about changing leader, a senior cabinet minister has warned, saying in a swipe at potential challengers that “entitlement is not a qualification”.Peter Kyle, the business secretary, said he was worried that British politics “rewards the wrong behaviour” and there was little credit for the work of his own department, including negotiating trade deals, rescue packages for companies and preserving British industry. Continue reading...

• Canada has reversed its plan to increase the Canadian-content levy for U.S.-based audiovisual streaming services. • The decision was announced on Wednesday, June 3, by Marc Miller, the Minister of Canadian Identity and Culture and Minister responsible for Official Languages. • This policy shift impacts how streaming platforms contribute to the funding of domestic content, potentially reducing the financial burden on foreign services.

Hair stylist Frédéric Fekkai and ex-Miami Beach mayor Philip Levine accused in new testimony, lawmakers revealRepublican lawmakers have asked the Department of Justice to investigate sexual assault allegations involving two men made by Jeffrey Epstein’s longtime assistant.In a transcribed closed-door interview in late May, as part of a congressional investigation into Epstein, Sarah Kellen, one of the late sex offender’s former aides, told the House oversight and reform committee she was “sexually and psychologically abused” by him during her employment – but also alleged she was sexually assaulted by the French celebrity hairstylist Frédéric Fekkai, and by Philip Levine, the former mayor of Miami Beach, in separate incidents in the early 2000s. Continue reading...

Foreign affairs minister says her position is to ‘always believe women’ when sexual assault allegations are madeGet our breaking news email, free app or daily news podcastThe foreign affairs minister, Penny Wong, says she believes the Australian women who have alleged they were raped and beaten by Israeli soldiers after being detained as part of a humanitarian flotilla attempting to bring aid to Gaza.Appearing at Senate estimates, Wong said the treatment of the Australian women was “unacceptable”, and the allegations they had subsequently made were “distressing”. Continue reading...

• Asia has a critical three-year window to establish global AI leadership by prioritizing digital sovereignty and rethinking digital borders. • To remain competitive, the region must integrate trust and security directly into the architecture of AI systems. • Singapore’s Model AI Governance Framework is highlighted as a vital regional blueprint for enhancing cybersecurity, data governance, and digital resilience.

• The Indian stock market saw a sharp decline in early trade, with the Sensex dropping nearly 700 points and the Nifty also tumbling. • This downturn was triggered by rising crude oil prices, persistent foreign institutional investor (FII) outflows, and geopolitical uncertainty regarding US-Iran negotiations. • The slump in India contrasts with global trends, as the US S&P 500 and Japan's Nikkei 225 recently hit record highs driven by technology earnings and growth confidence.

• Foreign investors' net equity holdings in India have plummeted to their lowest levels since 2016. • This decline is driven by global capital shifting toward AI, semiconductors, and tech-led growth in markets such as Taiwan and South Korea. • The trend is further exacerbated by slowing corporate earnings and macroeconomic pressures linked to oil prices, leading to muted Foreign Portfolio Investment (FPI) flows.

• Indian benchmark indices, the Sensex and Nifty, declined on Monday with the Sensex dropping over 500 points and the Nifty falling 0.7%. • The downturn was driven by rising crude oil prices, geopolitical tensions in West Asia, and uncertainty surrounding Iran-US relations, despite strong performance from IT stocks like Infosys and TCS. • Market pressure is further compounded by sustained Foreign Portfolio Investor (FPI) selling, inflation worries, and potential risks associated with the monsoon.

• The HinduBusinessLine reports that a new Index of Industrial Production (IIP) was unveiled on Monday alongside the release of April's factory output figures. • This update represents a significant watershed in data reforms, utilizing a more granular and contemporary database to capture industrial activity. • The revamp is critical because it provides a more accurate reflection of current economic trends, serving as a superior guide for policymakers.

Members of Jalisco New Generation cartel used fake retail store in San Diego as a front for trafficking drugsFederal prosecutors have charged four suspects with trafficking more than one ton of cocaine for the Jalisco New Generation cartel using a fake retail store in San Diego as a front for a sophisticated tunnel that ran across the border to Tijuana, Mexico.The defendants include two Mexican nationals and two Americans charged with conspiring to traffic drugs across the US-Mexico border. The suspects, who range in age from 18 to 32, all face sentences that could land them in prison for life. One of them, Gregorio Epifanio Hernandez Lopez, also faces the charge of “constructing, financing or using unauthorized tunnels”. Continue reading...

• Europe is facing a systemic crisis as businesses increasingly relocate overseas, a trend the article attributes to the U.S. intentionally fostering an energy crisis by disconnecting the continent from Russian resources. • The economic instability is driven by high energy costs and a loss of competitiveness, leading to a "business flight" that threatens the region's industrial base. • In response, a group of nations including Germany, Greece, the Netherlands, Austria, and Denmark are proposing new strategic partnerships with a dozen non-EU countries.

• South Korea has surpassed India to become the world's sixth-largest stock market. • The East Asian nation achieved this ranking in 2024 by vaulting past several major economies, including Canada, Germany, the UK, and France. • This shift highlights a significant increase in the valuation and global competitiveness of South Korean equity markets relative to other G7 and emerging nations.

• Global stock markets remain near record highs as the ongoing artificial intelligence boom continues to offset geopolitical instability in the Middle East. • Oil prices have surged nearly 3% due to escalating hostilities in the Gulf, which threaten the reopening of the critical Strait of Hormuz. • In Singapore, industry leaders are urging the government to accelerate client onboarding processes to prevent the city-state from losing wealth management clients to rivals like Dubai and Hong Kong.

• SoftBank plans to invest up to 75 billion euros in French artificial intelligence infrastructure, marking the Japanese conglomerate's largest AI investment in Europe. • The initiative will focus on delivering data centers in Dunkirk, Bosquel, and Bouchain, with plans to develop further sites across France. • This strategic move aims to strengthen France's position as a primary European hub for next-generation digital infrastructure.

Annette Bramley says Holly’s Law would stop perpetrators acquiring pets and raise awareness of domestic abuse linkAnnette Bramley fondly remembers her daughter Holly as being family-oriented and a lover of animals. “She adored anything small and furry, or even not. I mean, she thought orangutans were beautiful,” she said.When Holly ended up in a controlling and abusive relationship, her husband, Nicholas Metson, was quick to use this passion against her. He bought Holly a puppy and then tried to kill it by putting it in a washing machine at their home in Lincoln. After it was rescued by Holly, he drowned it in a bath. Continue reading...

Fans estimated at hundreds of thousands fill north London streets to celebrate women’s and men’s teams’ triumphsAbout 75 people had to be rescued from height and 16 people were arrested during Arsenal’s victory bus parade on Sunday, emergency services said.What were estimated as hundreds of thousands of fans lined the streets around the Emirates stadium in north London to celebrate the Gunners winning the men’s Premier League for the first time since 2004 and the women’s team lifting the first ever Fifa Women’s Champions Cup. Continue reading...

Social housing landlords to be able to evict perpetrators, while right-to-buy tenancy requirements to riseSocial housing landlords will be able to evict domestic abuse perpetrators under a new bill, which will also increase the tenancy required before residents qualify for the right-to-buy scheme from three to 10 years in England.The government said the bill, which will be debated in the House of Lords on Monday, would fix “the long-term decline in social housing” and offer new protections for social tenants who were subjected to domestic abuse. Continue reading...

Driver faces two counts of involuntary manslaughter in Friday crash that killed five and injured more than 40 othersThe driver of a motor coach bus that killed five people and injured more than 40 others after crashing in Virginia on Friday morning has been criminally charged.Jing S Dong, 48, faces two counts of involuntary manslaughter, with additional charges likely, according to Virginia state police.The AP contributed reporting Continue reading...

Labour should also drill for oil and gas in North Sea, says former health secretary and leadership candidateWes Streeting has called for national insurance tax cuts for businesses, and for the government to drill for oil and gas in the North Sea.The former health secretary and Labour leadership candidate told the Sunday Times there should be a “targeted reduction” of employers’ national insurance contribution as a way to “actively incentivise” hiring, particularly of young people. Continue reading...

• US official Hegseth praised several Asian partners for increasing their security and defense spending during a forum on May 30. • He specifically recognized Australia, Indonesia, Japan, Malaysia, the Philippines, South Korea, Singapore, Thailand, and Vietnam for their contributions. • Notably, Taiwan and New Zealand were omitted from the list of partners stepping up their security efforts.

• Irish singer CMAT has condemned the "horrible" abuse she received on social media following her performance at the Radio 1 Big Weekend. • The artist described the past few days as "difficult," citing a wave of negativity and harassment from online critics after her festival set. • This incident highlights the ongoing issue of severe online toxicity and mental health struggles faced by musicians performing at high-profile public events.

• UAE health authorities have confirmed that the country's public health situation remains stable while they actively monitor developments regarding the Ebola virus. • To ensure national safety, the government is currently reviewing the virus's spread and reinforcing its medical preparedness and response protocols. • Simultaneously, a World Health Organization (WHO) delegation visited the UAE field hospital in Rafah to evaluate medical and humanitarian services provided in the southern Gaza Strip.