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• Chinese AI lab DeepSeek has closed its first funding round, raising over 50 billion yuan (approximately $7.40 billion). • According to a report from The Information on Tuesday, the investment was secured using an unusual deal structure. • This massive capital injection positions DeepSeek as a significant competitor in the global AI landscape, challenging established players with substantial resources.

Government wants to back parents against tech companies though some feel the process has been rushedKeir Starmer is expected to announce sweeping “Australia-plus” restrictions on under-16s accessing harmful social media apps, a move the government has framed as taking the side of parents against the big technology companies.A consultation on online safety closed on 26 May, giving ministers just weeks to come up with policies after receiving more than 116,000 responses. Industry sources and child safety advocates have described the process as “rushed” and driven by a political timeline. It is not clear when the ban could come into force. Continue reading...

Sources say hardline measures will also prevent young users from being to talk to strangers on gaming appsKeir Starmer will ban under-16s from major social media apps such as TikTok, Instagram and X in sweeping restrictions described as “Australia plus”, the Guardian understands.Teenagers will be banned from all the main social platforms and online products that are not covered by the ban – such as gaming apps – will face new restrictions such as having the option to chat to strangers removed. There will also be restrictions for older teenagers up to the age of 18 that prevent “scrolling” late at night – after 8.30pm. Continue reading...

• Thailand and Vietnam, Southeast Asia's second and third-largest economies, are strengthening bilateral ties to create a strategic "insurance" policy. • This shift follows a series of high-level engagements, including Vietnamese President To Lam's debut visit to Bangkok and subsequent leadership meetings. • The move signals a strategic gamble to prioritize direct bilateral cooperation over total reliance on the broader ASEAN regional bloc.

• Scottish clubs, including Celtic, Rangers, Hearts, Hibs, and Aberdeen, are actively pursuing new signings as the transfer window progresses. • Marcelo Saracchi, a Uruguayan international returning to Boca Juniors after his loan at Celtic, has reportedly become a target for Turkish Super Lig side Corum FK. • Celtic previously held discussions with Boca Juniors regarding a permanent deal for Saracchi before the Turkish interest emerged.

• Scottish football clubs, including Rangers, Celtic, Hearts, Hibs, and Aberdeen, are actively pursuing new signings as the transfer window progresses. • A Denmark U21 international has emerged as a target, attracting interest from both Scottish sides and Portuguese giants Sporting Lisbon. • Uncertainty surrounds the future of player Silas, with officials confirming that a sale is possible and his current status remains unclear.

US claims world’s 10th-biggest economy engages in ‘unreasonable’ trade practices that ‘restrict US commerce’Sign up for the Breaking News US newsletter emailThe Trump administration proposed 25% tariffs on imports from Brazil, charging that the world’s 10th-biggest economy engages in trade practices that are “unreasonable’’ and that “burden or restrict US commerce”.Luiz Inácio Lula da Silva said he received the decision “with indignation”. The Brazil president also blamed the decision by the US administration on his rival in October’s elections, Flávio Bolsonaro, the senator who visited Washington last week. The senator is the son of former president Jair Bolsonaro, once nicknamed “the Trump of the Tropics” by his allies. Continue reading...

• Nexus Luxembourg 2026 announced a speaker lineup of **150+ leaders** across AI, tech, finance, and governance. • The event is scheduled for **June 10-11** at **LuxExpo The Box**. • While not a product launch or funding event, the lineup shows continued global momentum around AI policy and enterprise technology gatherings.

• Celtic is reportedly pursuing a 22-year-old defender from Poland's Cracovia, despite a previous £3.5 million bid being rejected. • The player, valued at £4.3 million, is also attracting interest from Italian side Fiorentina following links in January. • Aberdeen manager Stephen Robinson has announced a major squad overhaul, resulting in a 12-player exodus from the club.

• Rangers have begun a squad overhaul, with captain James Tavernier and Leon King both departing the Ibrox exit door. • Midfielders Emmanuel Fernandez and Nicolas Raskin are currently attracting significant interest from other clubs and could command major transfer fees. • Scottish clubs including Celtic, Hearts, Hibs, and Aberdeen are actively monitoring the market for early signings to strengthen their rosters.

Labor’s 2026-27 budget shows state has recorded $700m surplus this financial year, first of its kind since before the Covid-19 pandemicGet our breaking news email, free app or daily news podcastVictoria is back in black for the first time since the start of the pandemic, with Tuesday’s state budget to deliver an operating surplus and forecasting another next financial year.The 2026-27 budget, to be handed down on Tuesday afternoon, will show the state recorded a $700m surplus in 2025-26, largely in line with December’s pre-budget update of $710m and an improvement on the $611m forecast last May. Continue reading...

China sold goods worth about $148bn to EU in first quarter of year, but imported just $65bnThe EU is experiencing a prolonged “China shock” as a flood of Chinese EVs into Europe helped push Beijing to a record surplus with the bloc.New data showed China’s trade surplus – where its exports to the EU exceeded imports from the bloc – was $83bn (£61bn) in the first three months of 2026. Continue reading...

Researchers find ‘alarming’ effect on fertility across global species from simultaneous exposuresSimultaneous exposure to toxic chemicals and climate change’s impacts likely generates an additive or synergistic effect that increases reproductive harm, and may contribute to the broad global drop in fertility, new peer-reviewed research finds.The review of scientific literature considers how endocrine-disrupting chemicals, often found in plastic, coupled with climate change’s effects, such as heat stress, are each linked to reductions in fertility and fecundity across global species – including in humans, wildlife and invertebrates. Continue reading...

• Combination therapy of ixekizumab and tirzepatide yields better results in psoriatic arthritis patients compared to ixekizumab alone, per recent medical research. • This finding advances treatment options for the chronic inflammatory condition affecting joints and skin. • Updated clinical approaches could enhance patient quality of life and disease management.

A brushtail possum was found peering out among the toy kangaroos and dingoes in a retail store in Hobart’s airport, delighting staff and customersA passenger browsing in a gift shop in Hobart airport has stumbled across a remarkable discovery in the plush toy section.A real living and breathing brush tail possum had decided to join its fluffy friends in the shelves of Lagardère AWPL gift shop on Wednesday morning. Continue reading...