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• Experts and analysts are reacting to the May jobs report, which follows a series of other positive labor market indicators released this week. • The data suggests that the Federal Reserve's goal of maximum employment is currently under control, shifting the primary focus toward economic stability. • This shift is significant because it indicates that the inflationary side of the Fed's dual mandate is now a more pressing concern than unemployment.

• The EU is investing €1.3 billion (approximately $1.5 billion) into AI, cybersecurity, and digital skills via the Digital Europe Programme from 2025 to 2027. • New regulatory frameworks, specifically the NIS2 Directive and the Digital Operational Resilience Act, became effective in October 2024 and January 2025. • These mandates make cybersecurity investments a legal requirement for critical sectors, including transport, energy, and financial services, to protect essential infrastructure.

Allegations of bullying by Newsnight host not upheld after case emerges from 2025 workplace culture reviewThe BBC presenter Victoria Derbyshire was the subject of an investigation over her behaviour, after multiple complaints were received by the broadcaster.It is understood that three complaints about the Bafta-winning Newsnight host were received, which came to light as part of the BBC’s campaign to improve its workplace culture after high-profile cases of inappropriate behaviour. Continue reading...

• Tim Urbanowicz, chief investment strategist at Innovator from Goldman Sachs Asset Management, is analyzing the current AI boom to identify the next major investment cycle. • The analysis focuses on moving beyond the initial "big wave" of hardware and infrastructure to find emerging opportunities within the AI trade. • This shift is critical for investors as the market evolves from early adoption and chip-making dominance toward software integration and practical applications.

• The Australian Securities and Investments Commission (ASIC) admitted during Senate estimates that it holds eight active contracts with KPMG, including two initiated after an investigation into the firm began. • This revelation comes amid an ongoing audit scandal involving KPMG, raising questions about the regulator's decision to maintain professional ties with a company under scrutiny. • The news coincided with a downturn in the Australian Securities Exchange (ASX), as markets lost ground throughout the trading day.

• Rappler examines the ongoing political conflict within the Philippine Senate, characterized by rhetoric and a "teleserye"-like atmosphere. • The dispute centers on a boycott led by Senator Alan Peter Cayetano, who claims to be fighting for Senate independence, while opposing members argue for the rule of law. • A key point of contention involves Senator Rodante Marcoleta's proposal to amend Senate rules to permit online voting under "justifiable" circumstances.

US president’s appointee for acting director of national intelligence has sparked bipartisan criticismDonald Trump has suggested his controversial ally Bill Pulte will investigate “rigged elections” while serving as the country’s top intelligence official, as the US president continues to make unfounded allegations about voting.But Pulte, whom Trump appointed as acting director of national intelligence earlier this week, will only serve in the role temporarily, the president claimed on Thursday. Continue reading...

Announcement follows DoJ’s recent findings that medical schools at UCLA and Yale illegally used race in admissionsThe US Department of Justice’s civil rights division has launched investigations into 15 medical schools over allegations of potential race discrimination in their admissions processes.Thursday’s announcement follows the DoJ’s recent findings that the medical schools at the University of California, Los Angeles and Yale University illegally used race in their admissions. Continue reading...

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...

• Investors are facing a grim economic outlook as inflation accelerates and economic growth slows under President Trump's administration. • This trend is concerning for the stock market because corporate earnings serve as the primary long-term determinant of stock prices. • To analyze these risks, the text references the cyclically adjusted price-to-earnings (CAPE) ratio, a valuation tool introduced in 1988 by Nobel laureate Robert Shiller and John Campbell.

• The article identifies 10 top AI stocks to watch for 2026, featuring industry leaders such as Nvidia, Alphabet, Palantir, and CoreWeave. • Microsoft is highlighted for its aggressive investment in the sector, including the late 2024 launch of Azure AI Foundry to help customers build AI applications. • CEO Satya Nadella views AI as the next major computing platform, a strategy supported by Microsoft's significant equity stake in OpenAI.

• Roblox Corporation (RBLX) shares fell 3.70% to $43.29, driven by a reduction in stake by Allen Investment Management. • The stock is currently trading below key moving averages, signaling sustained seller momentum across short, medium, and long-term timeframes. • To counter technical headwinds, Roblox is pursuing a strategic AI integration through the acquisition of Morpheus AI.

• Canadian Culture Minister Marc Miller announced that the government will stop plans to triple the financial contributions required from U.S. streaming services like Netflix for Canadian content. • Instead of hiking payments, the Canadian government intends to invest hundreds of millions of dollars directly into the domestic media sector. • The policy reversal follows pressure from the Motion Picture Association and the U.S. ambassador, who both urged the Canadian Cabinet to rescind the decision.

• Mid-sized UK institutional investors are shifting their focus from identifying opportunities in European markets to optimizing the execution of those investments. • The move is driven by a desire for better portfolio diversification, access to specialized investment strategies, and proximity to a wider range of asset classes. • This trend is expected to accelerate as financial markets undergo further digitization, specifically through the tokenization of securities.

• Foreign investors are shifting capital away from India and toward North Asian markets, specifically South Korea and Taiwan. • This trend is driven by the global AI investment boom and extraordinary earnings growth in sectors tied to AI-driven capital expenditure. • While India maintains strong long-term growth prospects and healthy earnings, it is currently being sidelined by the immediate global focus on AI infrastructure.

Disgraced former congressman said to have put bet on whether he would be at Trump’s State of the Union speechFederal authorities are investigating whether George Santos, the disgraced former Republican congressman from New York, engaged in insider trading by betting on a prediction market on his own attendance to the State of the Union address, multiple news outlets reported on Tuesday.Santos allegedly placed a bet on Kalshi, a popular online prediction market, over whether he would be in attendance at Trump’s State of the Union address in February, according to NPR, which first reported on the investigation citing anonymous sources. Continue reading...

• US stock markets have reached record highs in 2026, driven primarily by continued optimism surrounding artificial intelligence technologies. • South Korea has surpassed India to become the world's sixth-largest stock market, fueled by the market capitalization of semiconductor giants Samsung Electronics and SK Hynix. • Taiwan continues to strengthen its global market position due to its dominant control over the international semiconductor supply chain.

• 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.

• Stock markets remained rangebound as investors weighed uncertainty regarding Iran talks and a series of artificial intelligence developments. • Alphabet's Class A shares fell 2.2% following the announcement of a massive investment program, which includes $10 billion in backing from Berkshire Hathaway under CEO Greg Abel. • In a significant industry milestone, AI startup Anthropic, the developer of Claude, has confidentially filed for an IPO, beating rival OpenAI to the first step of going public.

• SoftBank is investing billions of dollars to construct multiple AI data centers in France, targeting a total capacity of up to five gigawatts. • The initiative leverages France's existing technology ecosystem, accelerated government approval processes, and strategic access to the European electricity grid. • This move is significant as it aligns SoftBank with Mistral, a leading European AI company developing its own powerful foundation models.

• SoftBank has announced a massive investment plan of €75 billion ($87 billion) to develop AI infrastructure in France. • The initiative aims to build 5 GW of AI data center capacity, representing Japan's largest artificial intelligence investment to date. • This move signals a strategic shift in the tech industry, moving focus from software and algorithm development toward the physical hardware and power capacity required for AI.

Investigation follows circulation of videos showing groups climbing out of sewer systems across the city at nightNew York police are investigating a bizarre mystery involving groups of people emerging from the city’s manholes in recent weeks.The investigation follows the circulation of multiple social media videos showing people climbing out of sewer systems across the city, all in the middle of the night. Continue reading...

Avon and Somerset police’s contact with Jo Shaw and ex-partner to be scrutinised after pair died in explosion on 3 MayThe death of a woman killed after her former partner forced his way into a house in Bristol with explosives is to be investigated by the police watchdog.Jo Shaw, 35, sustained fatal injuries in the blast in the Frenchay area of the city on 3 May. Her former partner, Ryan Kelly, 41, was also killed in the explosion. Continue reading...

• The European Central Bank (ECB) reported that the international role of the euro experienced moderate growth throughout 2025. • This trend indicates a steady increase in the currency's global usage, likely across foreign exchange markets and international reserves. • The growth matters as it reflects the euro's ongoing effort to diversify global currency dependence and strengthen its position relative to the US dollar.

• Fund managers are increasingly purchasing European software stocks after a period of significant decline in valuations. • The shift is driven by a decrease in investor fears that artificial intelligence will disrupt or replace traditional software business models. • This trend marks a strategic pivot toward "bargain hunting" in a sector that was previously avoided due to AI-related volatility.

• The European Central Bank (ECB) is introducing new indicators to assess the global appeal of the euro by analyzing currency exposures within the euro area's international investment position. • Data from 2024 reveals that the euro area accounted for approximately one-fifth of global cross-border assets and liabilities, totaling around €175 trillion. • This analysis is critical for understanding the single currency's role in international finance and its ability to maintain price stability and purchasing power.

• Over €3.1 billion was invested across more than 60 tech funding deals in Europe during the final week of May. • The UK led investment totals with €2.6 billion, largely driven by the Pure DC round, followed by Germany (€226.5 million) and Ireland (€94.4 million). • Energy emerged as the top-funded industry at €218.6 million, followed by fintech (€94.4 million) and semiconductors (€93.5 million).

• SoftBank Group Corp. announced plans to invest up to €75 billion to develop 5 GW of AI data centre capacity in France. • The initiative was unveiled at the Choose France summit, with an initial phase allocating €45 billion to the Hauts-de-France region by 2031. • This massive investment aims to address the surging global demand for high-performance computing infrastructure required to power artificial intelligence.