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Drop will put pressure on Bank of England to raise interest rates despite peace deal in Iran warBusiness live – latest updatesUnemployment fell and wages increased in April, official figures showed, putting pressure on the Bank of England to raise interest rates despite a peace deal in the Middle East.The latest figures from the Office for National Statistics (ONS) showed unemployment slipped to 4.9% in the three months to April from 5% in the three months to March. Continue reading...

• HTF Market Intelligence Consulting Pvt Ltd has released a comprehensive 143-page study analyzing the Global B2C Live Streaming Video Platform Market. • The report provides a detailed market roadmap and prognosis covering the industry's status and growth trajectory from 2025 through 2032. • This analysis is significant as it identifies the key drivers and product scopes expected to push the B2C live streaming sector to new heights by 2033.

• A peace deal is expected to be signed this Friday to end military operations across all fronts, including conflicts in Lebanon. • Donald Trump has announced that the strategically vital Strait of Hormuz will be re-opened as part of the resolution. • Prime Minister Shehbaz Sharif confirmed that both sides have agreed to an immediate and permanent termination of hostilities.

Federal Reserve to make first decision under Kevin Warsh as Middle East hopes ease inflation pressuresBusiness live – latest updatesCentral banks in the US and UK are expected to leave interest rates on hold this week as the peace deal in the Middle East is expected to ease inflationary pressures.The US Federal Reserve is expected to hold its benchmark interest rate at a range of 3.5% to 3.75% on Thursday, in what will be the first policy decision under new Fed chair – and Donald Trump’s pick – Kevin Warsh. Continue reading...

• Major U.S. stock indexes declined on Friday, driven by a second consecutive day of losses in technology and AI-tied shares. • The downturn threatened the S&P 500's streak of 10 consecutive weekly gains as investors reacted to market volatility. • Treasury yields surged following a May employment report that showed stronger-than-expected job growth, signaling that the labor market remains tight.

• Major foreign media outlets from the United States and Japan are closely monitoring South Korea's nationwide local and National Assembly elections held on June 3. • Most international reports predict a victory for the ruling Democratic Party, citing current polling and political momentum. • Nikkei highlighted a potential risk for the ruling party, noting that South Korean elections often experience sharp shifts in balance due to last-minute variables or opposition supporter consolidation.

• UC San Diego researchers are employing unconventional methods to study space, expanding beyond the university's established history of producing astronauts like Jessica Meir and Kate Rubins. • Professor Karin Sandstrom of the School of Physical Sciences is specifically analyzing the interstellar medium to understand how gas and dust become dense and cold. • This research is critical for uncovering the fundamental mechanisms that trigger the formation of new stars within the universe.

BoM and other agencies expect transition to the first El Niño since spring 2023 sometime during winterFollow our Australia news live blog for latest updatesSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereAustralia should prepare for an imminent El Niño, with the Bureau of Meteorology and other agencies forecasting that the weather phenomenon is likely to develop in the coming months.“The models are really aligning now,” Felicity Gamble, a senior BoM climatologist, said. “We are expecting a transition to El Niño sometime during winter.” Continue reading...

• The FDA is expected to review several groundbreaking neurology drugs in 2026, focusing on expanding treatment options for various neurologic conditions. • A key anticipated decision involves the subcutaneous weekly dosing of lecanemab for Alzheimer's disease, which would allow for home administration. • This shift in delivery method matters as it could significantly improve patient adherence and provide greater flexibility compared to current clinic-based infusions.

• NASA announced in December 2025 that construction of the Nancy Grace Roman Space Telescope is complete, with a scheduled launch by May 2027 or potentially as early as fall 2026. • During its five-year primary mission, the observatory aims to discover approximately 100,000 new transiting planets and create the largest catalog of rogue worlds in history. • This mission is significant because it will drastically expand the known exoplanet population and provide unprecedented data on planets drifting without host stars.