Losses

• Germany's DAX 40 closed as the worst-performing major European index on Friday, June 26, 2026, dropping 1.25% to settle at approximately 24,671 points. • The decline was driven by a broader technology sector rout and a significant "overhang" affecting Rheinmetall, highlighting how political and budgetary shifts can disrupt defense procurement investments. • Despite the index loss, the ZEW Indicator of Economic Sentiment rose sharply in June 2026, marking its first positive reading since the start of the Middle East conflict.

• The NSE Nifty 50 and BSE Sensex rallied on Wednesday, with the Nifty closing at 24,021.65 (up 0.83%) and the Sensex ending at 76,991.22 (up 1.04%). • This surge allowed the benchmarks to recoup most of the losses from Tuesday, when both indices had fallen by 1.16%. • The recovery was driven by Brent crude prices dropping below pre-US-Iran war levels, which significantly eased investor concerns regarding oil-linked economic risks.

British Chamber of Commerce boss Shevaun Haviland says transition to clean energy could be handled betterAndy Burnham should be ready to exploit the UK’s remaining North Sea oil and gas resources to avoid mass job losses in Scotland and the north-east, the director of the British Chambers of Commerce (BCC), Shevaun Haviland, has said.The decision about whether to allow extraction at the Jackdaw and Rosebank fields now appears likely to fall to a Burnham administration. Continue reading...

• US stock futures are sliding as the technology sector prepares for further losses, signaling a cooling period for the recent artificial intelligence rally. • Market volatility is being offset slightly by a sharp decline in oil prices, which have dropped toward pre-war levels. • This shift reflects a broader correction in tech valuations after a period of rapid growth driven by AI optimism.

• Nigerian fintech companies are increasingly adopting artificial intelligence to combat a surge in account takeover attacks and mounting fraud losses. • The shift occurs as traditional security systems prove insufficient against evolving threats, forcing firms to integrate AI as a primary defensive shield. • This transition marks a strategic pivot where cybersecurity is viewed as a competitive differentiator and a driver of customer trust rather than a mere compliance necessity.

• Wall Street indices trended higher on Monday morning, with the Dow Jones Industrial Average rising 195 points (0.4%) by 10:15 a.m. ET. • The recovery was driven by AI-related stocks, including Micron Technology, which rose 0.7% as chip and memory companies regained losses from the previous week. • This volatility follows a sharp 13.3% plunge for Micron two days prior, though the company's stock has still tripled in value since the start of the year.

• Asian stock markets declined across the region, with South Korea's KOSPI heavily impacted by losses in the AI sector. • Major Chinese indexes fell, including the Shanghai Composite by 1.2% and the CSI 300 by 1.6%, while Hong Kong's Hang Seng dropped 1% and Singapore's Straits Times index fell 1.2%. • The downturn is attributed to a combination of AI-related sell-offs and growing geopolitical tensions surrounding the escalation in Iran.

• Seoul's Kospi stock index plummeted more than 8% on Monday, leading a broader market rout across Asia as the AI-driven tech rally stalled. • The decline was triggered by stronger-than-expected US labor market data, which intensified investor fears that the Federal Reserve may initiate a new interest rate tightening cycle. • This shift matters as it signals a potential end to the aggressive growth period for tech firms that had previously benefited from lower rate expectations.

• Asian stock markets declined as the South Korean KOSPI was hit hard by losses in AI-related stocks and geopolitical tensions involving Iran weighed on investor sentiment. • Major indices saw significant drops, including China's CSI 300 falling 1.6%, the Shanghai Composite sliding 1.2%, and Singapore's Straits Times index dropping 1.2%. • Rising oil prices following weekend developments further spooked markets, while Hong Kong's Hang Seng index shed 1%.

Tracker of attitudes towards artificial intelligence also finds almost half of the public would prefer to avoid itOne in three university students think AI will wipe out jobs so rapidly it will trigger civil unrest, according to a survey by King’s College London (KCL).Students are among the heaviest users of AI, the poll found, with 77% using it at least a few times a month – compared with 46% of workers – and 27% using it daily or almost daily. Continue reading...

Labour party loses more than 1,400 English council seats and crashes out in Welsh and Scottish parliament votes• UK politics live – latest updatesKeir Starmer, the British prime minister, is facing increasing pressure to set a date for his departure after elections across much of the country resulted in massive losses for his ruling Labour party.With the bulk of results now counted after voting on Thursday, Labour had lost more than 1,400 representatives from English councils, the local government structures that deliver many neighbourhood services. Continue reading...

Badenoch’s statement came after the Conservatives won back Westminster and Wandsworth councils in LondonElections 2026 live: latest news updatesFull results from England, Scotland and WalesKemi Badenoch has claimed that the Conservatives are “coming back” after winning back Westminster and Wandsworth councils from Labour in London, despite her party suffering significant losses throughout England in Thursday’s elections.The party also saw off a threat from Reform in Bexley. But the Tories suffered a series of losses in Essex, where Badenoch herself is an MP, losing 13 seats while Reform gained 52. It held on to Harlow, securing all 11 district council seats available. Continue reading...

Leader defiant in face of calls from some of his MPs to quit but admits ‘results are tough, and there’s no sugarcoating it’Election 2026 live: latest news updatesFull results from England, Scotland and WalesKeir Starmer has vowed to fight on as prime minister despite early results in local elections that show his party suffering heavy losses, many at the hands of Nigel Farage’s Reform UK.Starmer struck a defiant note on Friday morning in the face of calls from some of his MPs to quit, insisting he remained as determined as ever to deliver the promises on which he was elected less than two years ago. Continue reading...

Reform runaway winners in north-east, likely pushing Labour into opposition in Hartlepool, with other losses for Starmer in Chorley, Wigan, Redditch and TamworthElection 2026 live: latest news updatesFull results from England, Scotland and WalesThe scale of the electoral challenge facing Labour was laid bare overnight as the party haemorrhaged councillors at the local elections and Reform made significant gains.Keir Starmer’s party went into Thursday’s local elections expected to lose up to 1,850 councillors, with senior figures describing the contest as “tough”. Continue reading...

• Hangeng Trade Company has ceased operations at Pakistan's Gwadar port, citing an 'unfit business environment,' operational hurdles, financial losses, and stuck shipments despite government contact. • The closure reflects escalating security challenges in Balochistan, where the Balochistan Liberation Army (BLA) has launched multiple attacks on Chinese nationals and China-Pakistan Economic Corridor (CPEC) projects since 2021. • The development raises concerns for China's $62 billion CPEC investment in Pakistan and threatens the viability of Gwadar as a strategic hub for Beijing's Arabian Sea access, potentially impacting regional connectivity and investment flows.

Deputy leader plays down leadership talk and says party must focus on long-term challenges rather than personnelLabour’s deputy leader has warned there will be “no magic bullet” to solve Labour’s problems – or major challenges facing the country – as its MPs grapple with how to navigate the fallout out from the local elections.Lucy Powell told the Guardian she understood there was “huge anger and despondency” from Labour MPs in the aftermath of the Peter Mandelson vetting scandal, but said the prime minister would not make a similar mistake again. Continue reading...

Staff warned news operations face 15% cut, above BBC-wide 10% target, as corporation pushes through £600m savings planThe BBC’s news operation is to cut costs by a steeper-than-expected 15%, with staff told to expect heavy redundancies.The division, home to about a quarter of all BBC staff, is being saddled with one of the highest cost-cutting targets as the corporation attempts to cut as many as 2,000 jobs in the biggest downsizing of the public service broadcaster in 15 years. Continue reading...

Sources say staff have been asked to pack up final stock and equipment after waves of closuresJewellery chain Claire’s is closing its final UK stores on Tuesday, cutting about 1,000 jobs months after falling into administration.Sources said staff at Claire’s, which collapsed in January, had been asked to pack up the final stock and equipment with the final outlets to formally close on Tuesday after successive waves of closures in recent weeks. Continue reading...

All signs point to a record-low performance for Labour in May in what will be a moment of high jeopardy for Keir StarmerLabour is on track for its worst local election performance, data analysed by the Guardian shows, in a blow that will pile further pressure on Keir Starmer’s leadership.Barring a drastic change in fortunes, Labour’s vote-share could fall to historic lows across elections for councils in England and devolved parliaments in Wales and Scotland on 7 May, with big gains for Reform, the Greens and nationalist parties, according to recent polling. Continue reading...

• Fraud incidents continue climbing at US banks even with substantial spending on advanced detection tools and analytics. • The gap highlights limitations in current tech defenses against evolving fraudster tactics. • This trend matters as it pressures financial institutions to innovate faster, amid rising economic impacts from cyber fraud.

Employers added 178,000 new jobs in March and unemployment rate fell to 4.3%, ahead of economists’ predictionsSign up for the Breaking News US email to get newsletter alerts in your inboxThe US labor market picked up in March as employers showed signs of resilience amid the US-Israel war in Iran.After an extraordinary contraction in February, employers added 178,000 jobs last month, ahead of economists’ expectations of about 70,000. Continue reading...

• The benchmark S&P 500 fell for a fifth consecutive week and is down more than 7% since U.S.-Israeli military strikes on Iran in late February. • Rising volatility and shifting rate expectations continue to pressure equity markets as geopolitical tensions compound economic uncertainties. • Market participants are reassessing expectations for Federal Reserve policy, with implications for growth stock valuations.

With two unprecedented trial defeats, big tech firms face crisis akin to that faced by cigarette makers in the 1990sIn the span of just two days, the most powerful social media company in the world faced a more severe public reckoning than it has in years.Jurors in California and New Mexico gave back-to-back verdicts this week that for the first time ever found Meta liable for products that inflict harm on young people. For years, lawmakers, parents and advocates have raised red flags over how social media can hurt children, but now the tech firms are being held to account via court rulings that could set long-lasting precedents. Continue reading...

• Patients and providers in Colorado reported rising health care costs due to Trump administration policies including H.R.1 Medicaid requirements and ended ACA tax credits, discussed at a March 25 virtual roundtable with Sen. John Hickenlooper. • Nearly 250,000 Coloradans risk losing Medicaid coverage, exacerbating rural health care deserts where 82% of hospitals operate on unsustainable margins, per Craig Memorial Regional Health CEO Jennifer Riley. • Uninsured patients will seek emergency care at the highest cost level, straining providers and worsening access, especially for women's health services.

• House Republicans announced an investigation into rampant hospice fraud in Southern California, alleging tens of millions in taxpayer funds lost to improper payments. • The House Oversight Committee sent a letter to Governor Gavin Newsom requesting documents on state oversight of federally funded hospice programs. • Fraud involves companies receiving payments for ineligible patients, prompting calls for stronger controls amid ongoing healthcare waste concerns.

Cryptocurrency’s biggest Pac spent more than $10m for their candidates, only to be defeated by those who are anti-cryptoSign up for the Breaking News US email to get newsletter alerts in your inboxThe cryptocurrency industry spent big and lost often in this week’s Illinois primaries.As the industry prepares to make massive donations in the 2026 midterm elections to replicate its success in 2024, the Illinois losses mark an early setback for firms that are trying to establish themselves as power players in American politics. Continue reading...

• President Donald Trump launched a series of social media posts on Sunday night criticizing the U.S. Supreme Court as having 'RANSACKED' the country after it rejected his tariffs decision. • Trump acknowledged potential backlash, stating 'This statement about the United States Supreme Court will cause me nothing but problems in the future, but I feel it is my obligation to speak the TRUTH,' amid broader losses including failed prosecutions and coalition splits over Iran war. • The outbursts highlight Trump's frustration with judicial setbacks, such as U.S. District Judge James Boasberg tossing a grand jury subpoena against Fed Chair Jerome Powell on Friday.

• The S&P 500 fell 1.6% last week to 6,632.19, now down 5% from its January 27 high of 6,978.60 and 3.1% year-to-date, hit by broad selling across indices including Dow -2% and Nasdaq -1.3%. • Geopolitical tensions from US-Iran escalation drove oil higher, with markets pricing in prolonged uncertainty as the conflict enters its third week. • Core PCE price index rose 0.36% month-over-month, with annualized three-month trend at 3.7%, signaling persistent inflation pressuring Fed rate cut expectations.