Soar

Heatwave conditions build over much of continent, while mild start to winter continues in parts of AustraliaHot weather is expected across Europe this week as heatwave conditions build over large swathes of the continent.A mass of hot air from the Sahara has settled over the Iberian peninsula and spread into southern and western France, pushing temperatures widely into the low- and mid-30s celsius. Continue reading...

• Asia Pacific stock markets rallied significantly following a peace agreement between the U.S. and Iran, which reduced global geopolitical risks. • South Korea's KOSPI led the surge with a 5.38% increase to 8,561.07, while other indices including Australia's ASX 200, China's SSEC, SZI, and Hong Kong's HSI also saw gains. • This market optimism reflects investor confidence that the diplomatic resolution will stabilize international trade and economic security.

• The Indian stock market surged, with the Sensex climbing 1,126.36 points (1.49%) to 76,654.31 and the Nifty rising 339.25 points (1.44%) to nearly 24,000. • Market gains were driven by falling oil prices following a US-Iran deal, with 557 shares advancing compared to only 65 declines. • Key gainers included Shriram Finance, Interglobe Aviation, Bajaj Finance, and L&T, while ONGC, Cipla, and Apollo Hospitals saw losses.

Tech company received infrastructure relief as its five biggest UK divisions generate £32bn in revenuesAmazon’s main division in the UK was handed a £7.6m tax credit last year by HM Revenue and Customs, despite profits at the retail-to-streaming company surging by more than a quarter to £355m.Amazon UK Services – which employs 66,000 staff, the vast majority of its 75,000 employees in Britain – said it owed £9.1m in “current tax” last year. Continue reading...

• Asian economies are experiencing a stark divergence in financial performance due to the ongoing conflict between Israel and Iran. • While some regional stock markets are soaring, several national currencies are sliding as investors react to geopolitical instability. • This contradiction highlights the varying levels of vulnerability among Asian nations, depending on their energy dependencies and trade ties.

• The Dow Jones Industrial Average soared 875 points to reach a new record close on Thursday, June 4, 2026. • Gains were primarily driven by strong performances from UnitedHealth Group and Goldman Sachs, which helped the index overcome a tech-led pullback. • In contrast, the S&P 500 faced headwinds as Broadcom and other AI chipmaker stocks experienced significant declines, and oil prices retreated.

Follow today’s news liveGet our breaking news email, free app or daily news podcastA Labor MP has declared victory in the debate over the government’s tax reforms, engaging in a bit of meta-commentary at the end of parliament’s sitting fortnight.Julian Hill made the comments on the ABC’s Afternoon Briefing on Thursday.I believe the government’s won the debate on negative gearing. I believe we’ve won the debate on capital gains tax on property.And we’re winning the debate, we got a way to go, on removing the distortion that would otherwise be there. … I think we’re winning the debate … Start ups and so on, we are still engaging on. Continue reading...