Press review · Wednesday, 11 June 2025
11 June 2025
3,124 articles: 08 May 2025 – 26 October 2026
Single reports
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aljazeera.com
Spain rejects NATO’s 5% defence spending hike as ‘counterproductive’
Spanish PM Pedro Sanchez warns the spending hike would undermine EU efforts to build its own security and defence base.
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foxbusiness.com
SpaceX Starship explodes on Texas launch site
Elon Musk minimizes Starship explosion at SpaceX Starbase in Boca Chica as 'just a scratch' while company confirms no injuries occurred.
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usatoday.com
The Social Security crisis is coming one year earlier than we thought
The date of a looming Social Security shortfall just got a little bit sooner.
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abcnews.go.com
Nippon Steel finalizes $15B takeover of US Steel after sealing security agreement
Nippon Steel and U.S. Steel say they've finalized their “historic partnership,” a year-and-a-half after the Japanese company first proposed its deal to buy the iconic American steelmaker for nearly $15 billion
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theguardian.com
Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates
Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan
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timesofindia.indiatimes.com
‘Real Dummy’: Trump says Fed Chair Powell ‘costing America billions’; slams him for not cutting rates again - Times of India
International Business News: US president Trump criticised Federal Reserve Chairman Jerome Powell for not cutting interest rates, labeling him a \"real dummy\" and blaming him for e
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Is Juneteenth a federal holiday? See 2025 holiday calendar
Juneteenth falls on Thursday, June 19 in 2025. Here's what to know about whether government offices will be open or closed.
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US resumes visas for foreign students but demands access to social media accounts
The U.S. State Department says it’s restarting the suspended process for foreigners applying for student visas but says all applicants will now be required to unlock their social media accounts for review
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Social Security fund may run dry sooner than previously expected, trustees say
Social Security and Medicare could face automatic cuts in 2033, a report found.
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nypost.com
Nippon Steel’s $15B purchase of US Steel closes — with big role for Trump
The measures agreed to represent an unusual level of control conceded by the companies to the government to save the deal, after a rocky path to approval spurred by high-level political opposition.
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US unemployment ticked down, hovering at historically low levels
The number of Americans applying for unemployment benefits dipped to 245,000 last week amid uncertainty over President Donald Trump’s trade policies
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lemonde.fr
In Saint Petersburg, 'Putin's Davos' features the Kremlin elite and their allies
For three days from June 18, the Saint Petersburg International Economic Forum will be abuzz with panels and discussions of all kinds. Amid Russian officials and business leaders, a handful of Westerners are set to attend.
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Are banks, post offices, UPS and FedEx open on Juneteenth 2025? Here's what to know
Juneteenth falls on Thursday, June 19 in 2025. Here's what to know about whether banks, post offices and shipping services will be open.
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dw.com
Why Russia hesitates to help Iran in conflict with Israel – DW – 06/17/2025
Russia and Iran have long been economic and strategic partners. But despite a new defense pact, the Kremlin is unlikely to offer military aid to Iran in the conflict with Israel.
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biospace.com
Lilly Validates Gene Editing Space With $1.3B Verve Buy, But Analysts Are Skeptical
The pending deal was rumored overnight after a report from the Financial Times, spurring analysts to speculate that if true, the entire gene editing space would see a boost at the markets.
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nbcnews.com
Federal Reserve set to keep interest rates steady as economic storm clouds gather
Despite calls by the president for lower interest rates, the central bank is likely to keep borrowing costs higher for longer to keep inflation in check.
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Oil prices spike, US stocks fall on Israel-Iran crisis
Crude oil prices jump more than 4 percent on fears the US may join Israel’s offensive against Iran.
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Meta ‘concerned’ Iran could ban WhatsApp after snooping claims
Tech giant rejects ‘false reports’ after Iranian state media urges citizens to delete messaging app.
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Why Israel is hitting Iran's vital energy infrastructure – DW – 06/16/2025
As Israel and Iran attack each other with missiles, Israel is especially targeting key oil and gas facilities. That could have a major impact on Iran's economy.
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FDA to offer faster drug reviews to companies promoting 'national priorities'
The Food and Drug Administration says it will begin offering faster reviews to new medicines that align with Trump administration priorities for Americans' health
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wwd.com
May Retail Sales Show ‘Garden Variety’ Weakness, No Tariff Disruption — Yet
May retail sales rose 3.3% year-over-year, but fell 0.9% from April. Economists predict tariff-related price hikes may impact summer spending.
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bostonglobe.com
Americans pull back from restaurants by most since 2023 - The Boston Globe
Spending at restaurants and bars slumped in May by the most in more than two years, underscoring how tariffs and geopolitical tensions are making consumers nervous about their finances.
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pymnts.com
Retail Sales Drop as Pre-Tariff Surge in Car Sales Ebbs | PYMNTS.com
U.S. retail and food services sales saw a month-over-month decline of 0.9% in May after slipping 0.1% in April, the Census Bureau reported Tuesday (June
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coindesk.com
Stablecoins to Evolve Into Money Rail of Internet Once GENIUS Act Is Passed: Bernstein
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Eli Lilly to buy gene-editing biotech Verve for $1.3 billion - The Boston Globe
Boston-based Verve is a rare example of a gene editing company targeting a disease that affects a large population, offering better commercial prospects.
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npr.org
How Apple turbocharged China's development
A new book raises the specter that corporate offshoring of manufacturing may have undermined America's lead in technological innovation and even its national security.
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independent.co.uk
Trump says US-UK deal ‘done’ as steel tariffs still up in air
The Prime Minister said the move marked a ‘very important day’ for both sides as the US president announced the agreement was ‘done’.
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hollywoodreporter.com
Meta’s Threads Is Declaring War on Spoilers (Exclusive)
The text-based app from Meta is launching a tool that lets users hide spoilers in text or images, to encourage discussion of TV shows and films on the platform.
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mirror.co.uk
Powerful misting fan kept loft office cool in heatwave - without damp
Keeping cool, without soaking my electrical home office equipment, has been a must in the last few weeks.
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nbcnews.com
Trump formalizes tariff cuts for U.K. as trade talks continue
The agreement doesn't immediately lower steel tariffs to zero as the two leaders agreed in May, so imports of U.K. steel will still face a 25% duty.
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At Home files Chapter 11 bankruptcy, will close 26 stores. See the list.
The home good retailer At Home will close 26 \
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news.bloomberglaw.com
Trump Sued Over ‘Intimidation’ Campaign Against Law Firms (1)
The American Bar Association on Monday sued President Donald Trump, challenging an “intimidation policy” it says the White House is using to try to sideline some of the country’s top law firms.
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Home decor retailer files for Chapter 11 bankruptcy as part of restructuring
Home decor retailer At Home Group has entered Chapter 11 bankruptcy to pave the way for a "restructuring support agreement" it has reached with lenders.
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dallasnews.com
Retailer At Home files for bankruptcy amid challenges with tariffs
At Home filed for bankruptcy. It has navigated a complex retail environment that has led to other chains filing for bankruptcy, shuttering sites and changing...
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Middle East crisis risks igniting inflation. Here are the markets to watch out for in Australia
Interest rate cuts still likely, experts say, but oil and gold prices are up and the share market is likely to remain volatile
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What would an Israel-Iran war mean for the global economy?
As attacks between Israel and Iran persist, the global economy could face an adverse shock if tensions aren’t contained.
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statesman.com
When is Apple's new iOS 26 available? See new features, release date
iOS 26 will be the next operating system for the iPhone, according to multiple reports.
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koreajoongangdaily.joins.com
Samsung's Galaxy S25 to be official audio guide device at Amsterdam's Van Gogh Museum
Samsung Electronics announced on June 15 that it has entered into a three-year partnership with the Van Gogh Museum in Amsterdam, under which the museum will replace its current audio guide devices with the Samsung Galaxy S25.
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gamespot.com
Witcher 4 Dev Wants Studio To Harness The "Scrappy Energy" That Made Witcher 3 So Successful
"Sometimes I like to just say, 'Get it done. Do it dirty.'"
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gamedeveloper.com
PlayStation Studios boss confident Marathon won't repeat the mistakes of Concord
During a recent fireside chat, Hermen Hulst said live service titles remain a 'great opportunity' for PlayStation.
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Israel-Iran conflict expected to hike US gas prices, experts say. Here's how much.
US gas prices could rise within days, industry analysts said.
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nbcnews.com
Trump says national security concerns in Nippon-U.S. Steel deal can be resolved
In an executive order, the president said conditions for resolving the national security concerns would be laid out in an agreement, without providing details.
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Dow closes down 750 points after Israel-Iran conflict deepens, oil prices spike
Oil prices climbed more than 8% as the countries exchanged strikes.
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nbcnews.com
Trump’s financial disclosures reveal millions in income from guitars, bibles and watches with his name on them
Trump also reported income in 2024 of more than $57 million from World Liberty Financial, the Trump family crypto startup.
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Oil markets are spooked as Iran-Israel tensions escalate
Israel’s strike on Iran, and Tehran’s subsequent retaliation fuel fears of Strait of Hormuz trade disruptions.
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nbcnews.com
Airlines divert, suspend flights after Israel's strike on Iran closes airspace in Middle East
Airlines offered travel vouchers and waived change fees to customers affected by the disruptions.
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Oil, gold jump, stocks sink as Israel pummels Iran
Market reaction to Israel's attacks on Iranian nuclear sites sends oil and gold prices jumping while the Dow, S&P 500 and Nasdaq sink as investors abandon riskier assets.
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Oil prices spike after Israel's strikes on Iran
Brent crude prices hit the highest level since January after IDF strikes on Iran prompts fears of retaliation that could impact global energy supplies.
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nbcnews.com
Oil prices surge, stocks tumble in the wake of Israel's strikes on Iran
Gold prices also climbed, while bitcoin fell.
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US stock futures fall after Israel launches airstrikes against Iran
Israel’s defense minister declared a special state of emergency. Iran has launched retaliatory drone strikes on Israel.