Hits

• Zee Entertainment achieved a record 20% network share, its highest in nearly eight years, driven by a surge in sports viewership. • The company's Unite8 Sports portfolio attracted over 300 million viewers across television, digital, and social platforms during the FIFA World Cup 2026. • Separately, Nitin Gadkari advocated for direct flights from Nagpur to Dubai and Singapore to stimulate regional economic growth.

• The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) report, reached a three-year high in May. • This surge in prices indicates that inflation remains persistent, complicating the central bank's efforts to stabilize the economy. • The data suggests the Fed will likely keep interest rates steady for now, though the possibility of further rate hikes remains on the table if inflation does not dissipate.

City hall confirms a car drove through crowd‘Several people injured’ following incidentA ⁠vehicle struck multiple people at a gathering ⁠in ⁠the popular ​tourist resort of Cabo San Lucas ⁠following Mexico’s victory in a World ⁠Cup match on Wednesday night, ​Los ‌Cabos’ city ‌hall said in ‌a statement.“According to preliminary information, the vehicle was surrounded by a group of people and, ‌for reasons to be determined by the ​competent authority, drove through the crowd, injuring several people,” city ⁠hall added. Continue reading...

• A new wave of K-dramas is premiering this week, featuring titles such as *See You at Work Tomorrow!*, *Notes From The Last Row*, and *Agent Kim Reactivated*. • These releases, which include suspense thrillers and workplace romances, are available across major streaming platforms including Netflix, Amazon Prime Video, Disney+, and Viki. • The launch marks a return to high activity for Korean television following a relatively quiet period for fresh premieres.

• Global technology stocks and major indices experienced a significant downturn following a sharp selloff in Korean chipmakers. • The decline was triggered by reports that SK Hynix is slowing its AI chip expansion, leading to notable losses for industry giants like Nvidia and Micron. • This market rout is causing investors to reassess the sustainability of the AI-driven surge and question current valuations for AI infrastructure.

Customers report having to use cash at stores such as Tesco and to buy drinks due to outage at payments processor WorldPayShoppers reported problems with making card payments at British pubs and supermarkets on Tuesday after a power outage affected one of the world’s largest payment processing platforms.Customers said contactless payments were not working at a number of stores including Tesco branches at a time when football fans were watching the World Cup group game between England and Ghana at pubs, screenings and restaurants. Continue reading...

• South Korea’s KOSPI index plummeted 8% on Tuesday, triggering a circuit breaker that halted trading for 20 minutes. • Major technology stocks led the decline, with SK Hynix falling over 10% and Samsung Electronics dropping 7.5% intraday. • The crash was driven by a selloff in US megacap technology shares that spilled over into Asian AI-related stocks, coinciding with a 1.9% drop in Nasdaq 100 futures.