Real-time News

EU: We have not yet received Hungary's revised recovery plan.

June 4th - On June 2nd, Zheng Yi, President of the American Chamber of Commerce in Shanghai, stated that the establishment of a constructive strategic and stable relationship between the United States and China sets the tone for the future development of bilateral relations, moving away from the inertia of overly focusing on strategic competition and achieving a significant shift in the tone of bilateral relations. From a business perspective, this is a very positive outcome. If the US and China adhere to this framework in the foreseeable future, it will be of great significance. This framework clarifies the basic positioning of the bilateral relationship and is key to US-China cooperation.

Russia has stated that it is engaging in highly constructive and mutually beneficial dialogue and cooperation with Armenia.

June 4th - Switzerland will reconsider extending the service life of its existing fighter jets after a proposed 6 billion Swiss franc (approximately $7.6 billion) deal to purchase new aircraft from the United States stalled due to price disputes. According to a statement released Thursday, lawmakers said Switzerland should consider extending the service life of its F-5 Tiger and F/A-18 fighter jets into the 2030s. They stated that this move would avoid a "serious weakening of combat fighter capabilities" caused by delays in the delivery of Lockheed Martin's F-35 fighter jets. Earlier this week, the Swiss Federal Office for Defence Procurement stated that work to ensure the F/A-18 fleet could remain in service until the early 2030s had been completed. Defense Minister Martin Pfister opposed the extension, warning that it would incur costs of millions of Swiss francs. In a statement, he said the proposal was neither in Switzerland's security interests nor in line with its financial responsibility to its people.

Market news: SpaceX estimates its quantifiable target market size to be approximately $28.5 trillion.

Amazon (AMZN.O): Will invest more than 10 billion euros in Europe to build logistics centers, which will create 25,000 new jobs.

Ukrainian Armed Forces Air Force: A drone has been spotted north of Zelendorsk in the Dnipropetrovsk region, moving west/northwest.

IBM (IBM.N): This business practice represents a multi-billion dollar market opportunity in Google Cloud services.

IBM (IBM.N): This collaboration will expand the IBM Consulting Advantage AI-driven delivery platform, introducing industry-specific intelligent agents to Gemini Enterprise Edition.

IBM (IBM.N) and Google Cloud announced a strategic partnership to drive the large-scale deployment of AI by combining human expertise with an AI-driven delivery model.

European Commission President Ursula von der Leyen: Russia's recent restrictions on Armenia are tantamount to economic coercion, which is unacceptable.

According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 1.091 million shares on June 4, at a cost of approximately HK$500 million.

Petronas, the Malaysian national oil company, signed a memorandum of understanding with regional exploration and development operators and the University of Petroleum Technology Malaysia to jointly assess opportunities for enhanced oil recovery in offshore oil fields.

Petronas, Malaysia's national oil company: Advancing offshore oil exploration with regional partners.

On June 4th, Russian Deputy Prime Minister Alexander Novak stated that if the conflict in the Middle East continues, the international oil market may face a comprehensive and substantial supply shortage in the coming months. According to RIA Novosti, Novak told reporters during the 29th St. Petersburg International Economic Forum that if the conflict persists and Gulf oil-producing countries fail to increase production, the international oil market will experience a shortage in the coming months. He added that the impact of the global energy crisis is already evident, describing it as "an unprecedented crisis."

Bank of America Global Research: Raises target price for Broadcom (AVGO.O) from $450 to $530.

Market news: The Bank of England injected a record £122.918 billion in its 7-day short-term repurchase operation.

Bernstein raised its price target for Broadcom (AVGO.O) from $525 to $550.

June 4th - According to a report by Challenger, a US employment data company, artificial intelligence (AI) was the leading cause of layoffs for the third consecutive month in May, with 38,579 job cuts announced that month. This is the highest monthly record since Challenger began tracking this reason in 2023, accounting for 40% of all layoffs in May, a significant increase from 7% in January, 25% in March, and 26% in April. So far this year, AI-related layoffs have reached 87,714, accounting for 22% of all layoffs in 2026, far exceeding the 54,836 AI-related layoffs in 2025.

Challenger, a U.S. jobs data company, reports that employers have announced 397,755 job cuts so far this year, a 43% decrease from the 696,309 announced in the first five months of 2025—when federal government layoffs pushed the total to a record high. Excluding this disruptive factor, the number of layoffs in 2026 is roughly the same as in 2024.