A destroyed drone, which the Iranian Army says belongs to Israel, is seen in Isfahan. Handout image obtained on June 18, 2025. Iranian Army/WANA via REUTERS |
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- The US central bank held interest rates steady and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned against putting too much weight on that view, and said he expects "meaningful" inflation ahead as consumers pay more for goods.
- Russia, the United States and Saudi Arabia could act jointly to stabilise oil markets if needed, Russia's investment envoy Kirill Dmitriev told Reuters. Oil prices surged after Israel said it attacked Iranian nuclear sites in Natanz and Arak overnight and as investors worry a broader conflict could disrupt crude supplies.
- The outbreak of armed conflict between the two nations is a perilous new front in the ongoing Middle East hostilities. In this Viewsroom podcast, Breakingviews columnists discuss the dissonance between a mild market response and the manifold paths to further escalation.
- The US government's ownership of a golden share in US Steel will not block Nippon Steel from taking any management action that it deems appropriate, the Japanese steelmaker's CEO said.
- India's antitrust watchdog has compiled a confidential dossier that chronicles how global advertising companies, including leading US and European firms, coordinated to rig prices in the world's most populous nation.
- Rio Tinto agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia.
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China floods Brazil with cheap EVs triggering backlash |
A drone view shows a BYD vessel docking to deliver vehicles at the Itajai port in Santa Catarina, Brazil May 28, 2025. REUTERS/Anderson Cohelo |
The world's largest car-carrying ship - with the equivalent of 20 football fields of vehicles - completed its maiden journey late last month to dock in Brazil's Itajai port. But not everyone is cheering its arrival. |
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Image of the Sculptor galaxy captured with the MUSE instrument at the European Southern Observatory's Very Large Telescope, released June 18, 2025. ESO/E. Congiu et al/Handout |
The Sculptor galaxy is similar in many respects to our Milky Way. It is about the same size and mass, with a similar spiral structure. But while it is impossible to get a full view of the Milky Way from the vantage point of Earth because we are inside the galaxy, Sculptor is perfectly positioned for a good look. |
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