Surge

Nearly one in six pieces of news shared in local Facebook groups during the campaign is false, Social Market Foundation report findsGood morning. Andy Burnham seems to be on course to win the Makerfield byelection on Thursday. But, if he does win, it will be despite a huge increase in the amount of hostile, fake news about him circulating on local Facebook groups. This has been documented in a report out today by the Social Market Foundation thinktank that has important implications not just for Makerfield, but for how politics functions today in a social media environment awash with lies.In its report, the SMF says:Nearly 1 in 6 pieces of news shared in local Facebook groups during the campaign is false, with misinformation heavily targeting Labour and its candidate Andy Burnham, a new study has found.The Social Market Foundation analysed over 1,800 posts across four local Facebook groups – representing different towns and settlements within the constituency with 66,000 members across them in total – and found that the share of news posts classified as misinformation jumped from 4% before the by-election was called to 16% during the campaign, a four-fold increase. Continue reading...

• West Auckland-based Grinding Gear Games reported a massive revenue surge, with earnings jumping five-fold from $105 million to $526 million. • The financial growth was driven by strong performance and included $3 million in taxpayer funding as part of the mix. • Co-founder Chris Wilson is currently hiring new staff to develop a secret project, signaling a strategic expansion beyond their current titles.

• The Sensex surged over 1,100 points and the Nifty approached the 24,000 mark following an announcement by Donald Trump regarding a peace deal between the US and Iran. • Market optimism was driven by the agreement to end the conflict and reopen the Strait of Hormuz, alongside RBI measures designed to attract foreign currency inflows. • This rally continues a positive trend from the previous week, during which the Sensex rose by 1,284.61 points (1.73%) and the Nifty climbed 256.2 points (1%).

• Taiwan's listed semiconductor and electronics companies reported robust revenue growth in May 2026, driven primarily by the AI supply chain. • Server makers and memory chip providers saw triple-digit gains, highlighting a structural reordering of the sector's top earners. • The data reveals a widening performance gap between companies benefiting from AI infrastructure and those tied to legacy consumer electronics.

• SK Group Chairman Choi Tae-won and Art Center Nabi Director Noh So-young will appear in court on the 15th for the first time in two years and two months. • The hearing follows a Supreme Court remand of their divorce case, focusing on the division of assets and the financial impact of SK's growth. • A critical point of contention is the "threefold surge" in SK share prices, which significantly alters the valuation of the assets being contested.

• On June 10, 2026, the Sensex surged 355 points and the Nifty crossed 23,300 in early trade, driven by gains in FMCG and private banking stocks. • The market rally occurred despite deepening geopolitical tensions following fresh US strikes on Iran, which caused mixed reactions across Asian markets. • While Indonesia’s JSX Composite jumped 7.57% and Thailand’s SET index rose 1.44%, North Asian markets like Japan’s Nikkei 225 fell 1.01% due to safe-haven yen strength.

• The 2026 Global Peace Index reports that global peace has reached a historic low due to a record-high number of interconnected conflicts. • This decline is attributed to the "Great Fragmentation," a geopolitical shift where traditional European powers are losing influence to rising middle powers. • A rapid technological revolution in AI-driven warfare is further destabilizing the landscape, outpacing current international law and diplomatic efforts.