The UK Competition and Markets Authority opened the first Strategic Market Status investigation under the DMCC Act 2024 on 14 May 2026, examining whether Microsoft’s bundling of Teams, Windows, and Copilot suppresses competition.
Posted inMarkets
Anthropic files confidential S-1 at $965 billion valuation, overtaking OpenAI
Anthropic confidentially submitted its IPO prospectus on 1 June 2026 at a $965 billion valuation, overtaking OpenAI, with Q2 revenue above $10.9 billion and an 80-fold increase in annualised revenue over twelve months.
Posted inEconomy
OECD cuts global growth forecast to 2.8% as Iran war energy shock deepens
The OECD’s June 2026 Economic Outlook cut its world GDP growth forecast to 2.8% and warned that a prolonged Strait of Hormuz blockage could reduce output to 2.1% while pushing global inflation above 4%.
Posted inGeopolitics
Russia kills 22 in overnight missile and drone barrage on Kyiv and Dnipro
Russian forces launched 73 missiles and 656 drones at Ukrainian cities overnight on 2 June 2026, killing 22 civilians and wounding 138 in the second major attack on Kyiv within ten days.
Posted inWorld
Philippines earthquake kills at least 35 near General Santos as tsunami waves strike coast
A magnitude-7.8 earthquake struck off southern Mindanao on 7 June 2026, killing at least 35 people, collapsing buildings in General Santos City and sending 1.4-metre tsunami waves into coastal villages.
Posted inTech
FTC opens antitrust probe into Arm as chip designer turns competitor
The US Federal Trade Commission has launched an antitrust investigation into Arm Holdings, questioning whether the chip architect is restricting rivals’ access to processor blueprints after launching its own data-centre chip in March 2026.
Posted inMarkets
Gold erases 2026 gains as US jobs shock forces rate-hike bets
Gold fell 3.3% to $4,340 on June 5, hitting its lowest point of 2026, after May nonfarm payrolls added 172,000 jobs — more than double forecasts — forcing investors to reprice Federal Reserve rate expectations higher.
Posted inEconomy
China’s 5% GDP growth masks a property slump and a youth jobs crisis
China’s economy expanded 5% in Q1 2026, meeting the government’s target, but record exports and the headline growth rate conceal 16.3% youth unemployment and more than 36 months of falling home prices.
Posted inGeopolitics
Pashinyan wins Armenia’s parliament in vote seen as mandate for EU turn
Armenia’s Civil Contract party has secured around 54% of Sunday’s parliamentary vote, giving Prime Minister Nikol Pashinyan a fresh mandate for Western alignment after the country’s 2023 military defeat in Nagorno-Karabakh.
Posted inWorld
Fujimori wins Peru’s presidency with 51.7% in closely watched runoff
Keiko Fujimori won Peru’s June 7 presidential runoff with 51.73% against leftist Roberto Sánchez, ending a decade of serial instability with a hard-right mandate focused on crime and security.