Struggling Pizza Hut Chain to Be Sold for $2.7bn
Yum Brands is selling Pizza Hut for $2.7 billion to focus on stronger brands, with Neil Saunders of GlobalData calling the chain 'the weak link in Yum’s portfolio.'
Business
Japan raises interest rate to 1%—highest in 31 years
Japan’s Bank of Japan raised its base interest rate to 1% on June 16, the highest level in 31 years. The move comes amid inflationary pressures linked to the Middle East conflict and a global shift toward tighter monetary policy.
8 Dead in B-52 Bomber Crash at US Air Force Base
Eight U.S. service members were killed when a Boeing B-52 Stratofortress bomber crashed shortly after takeoff from Edwards Air Force Base in California on Monday, according to multiple sources.
SpaceX IPO Soars to $2.1 Trillion Valuation
SpaceX closed its IPO at $161, valuing the company at $2.1 trillion after a 19% jump in its Nasdaq debut.
Trump Headlines July 4 Rally, Replaces Artists at State Fair
Donald Trump announced he will headline the July 4 celebration on the National Mall, which he described as the 'most spectacular TRUMP RALLY of them all,' as several artists pulled out of the Great American State Fair over concerns it was a political event.
Oil Prices Fall and Shares Jump After US-Iran Deal Announced
Oil prices dropped sharply and global stock markets surged after a two-week ceasefire deal between the US and Iran was announced, easing fears of a prolonged conflict.
Global Attacks on Education, Pupils, Staff Up 40% in 2 Years
Attacks on education globally surged by 40% from 2024 to 2025, with over 8,556 recorded incidents and 10,600 students and staff harmed, according to a new study from the Global Coalition to Protect Education from Attack (GCPEA).
Oil Prices Slide as Pakistan Announces US-Iran Deal
Oil prices slid in Asia after Pakistan announced a deal between the US and Iran, which could reopen the Strait of Hormuz. According to the BBC, Brent crude dropped 4.8% to $83.18 a barrel.
US-Iran Deal Eases Uncertainty Over War
A deal has been agreed by the US and Iran, easing uncertainty over the war, according to the BBC.
Trump Heralds Iran Deal as Birthday Gift Amid Uncertainty
The announcement of a deal to end hostilities between the US and Iran has provided Donald Trump with a very welcome birthday present – although it's wrapped in a fair measure of uncertainty, according to BBC.
Elon Musk Becomes World’s First Trillionaire as SpaceX Debuts
Elon Musk became the world's first trillionaire on Friday as shares in his SpaceX rocket company surged during the biggest-ever stock market debut, according to the Bloomberg rich list.
SpaceX IPO debuts in US markets, Musk becomes world’s first trillionaire
Elon Musk has become the world’s first trillionaire following the debut of SpaceX in U.S. markets, according to multiple reports. The IPO valued the company at $1.75 trillion to $2 trillion, with shares rising over 20% shortly after opening.
Jamaican beach access campaigners go to court to fight privatisation of coast
Jamaican beach access campaigners are preparing to go to court next week to challenge the government's decision to cut off access to more beaches. They argue that this move favors private investors and tourists while harming local communities.
Trump Approval Rating Hits 39% as Projects Dominate Final Term
President Donald Trump's approval rating has dropped to 39%, the lowest of his second term, according to a new NBC News poll released on his 80th birthday. Meanwhile, the former real estate developer is focusing on a series of high-profile Washington, D.C., renovation projects.
RKLB Stock Falls 25% Amid Broader Space Sector Woes
Rocket Lab's (RKLB) stock has dropped 25% from its year-to-date high to $113.65, reflecting broader declines in the space sector as investors take profits ahead of the anticipated SpaceX IPO.