Anthropic’s Dario Amodei and Google DeepMind’s Demis Hassabis called for US leadership on global AI standards at the G7 summit in Évian on June 17.
Posted inMarkets
Intel stock leaps 10.6% as Trump announces Apple chip manufacturing deal
Intel shares jumped 10.6% on June 18 after President Trump announced Apple and Intel would work together on US chip design and manufacturing.
Posted inEconomy
UK unemployment climbs to 4.9% as payrolled jobs fall by 138,000
ONS data from June 18 shows UK unemployment at 4.9% for the latest quarter, with payrolled employment down 138,000 and real wages barely growing.
Posted inGeopolitics
Hegseth declares NATO’s era of freeriding over in Brussels troop review
Hegseth ordered a six-month review of US troops in Europe on June 18, saying allies who denied base access during Iran operations had been ‘shameful.’
Posted inWorld
Burnham wins purpose-built Makerfield seat to challenge Starmer
Andy Burnham won the Makerfield by-election on June 18 with 54.81%, entering Parliament to launch a Labour leadership challenge against Keir Starmer.
Posted inTech
Nvidia faces Warren’s chip-diversion deadline today as DOJ indictments pile up
June 18 is the deadline Senator Warren set for Nvidia to explain why DOJ indictments allege $670 million in GPU diversions to China that CEO Jensen Huang said never happened.
Posted inMarkets
SpaceX buys AI coding startup Cursor for $60bn five days after its IPO
SpaceX announced a $60 billion all-stock acquisition of Cursor, an AI coding tool with $2.6bn in annualised revenue, just five days after its record-breaking Nasdaq debut.
Posted inEconomy
Warsh holds rates but nine officials signal a 2026 hike, sending stocks lower
The Fed kept the funds rate at 3.50–3.75% on June 17 in Warsh’s first FOMC meeting as chair, but a hawkish dot plot rattled markets and pushed the S&P 500 down 1.2%.
Posted inGeopolitics
G7 Évian closes without communiqué as leaders back tougher Russia pressure
The 52nd G7 summit in Évian ended June 17 with no joint communiqué but a package of pledges on Ukraine air defence, oil and gas sanctions, and energy resilience.
Posted inWorld
Russia strikes Kyiv cultural sites, setting Pechersk Lavra roof ablaze
A mass Russian attack on Kyiv on June 14 struck the 11th-century Pechersk Lavra monastery and destroyed the national film studio’s 100,000-costume archive.