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Dozens of crisis payments handed out by council
Many of the completed payments have gone to low income families with surging heating oil costs.
Why Iran War May Push India To Double Fertiliser Subsidy
India is one of the world's largest importers of DAP fertiliser and also relies heavily on imported LNG, which is used to produce urea.
Elon Musk’s Net Worth Drops $50 Billion Amid Tesla Rout—As Trillionaire Status Nears
BreakingBusinessElon Musk’s Net Worth Drops $50 Billion Amid Tesla Rout—As Trillionaire Status NearsByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorJun 11, 2026, 09:36am EDTToplineA monthlong decline in Tesla shares has cut more than $50 billion from CEO Elon Musk’s fortune, but the world’s richest person is still expected to become a trillionaire this week amid record-setting demand for SpaceX’s stock debut.A stock debut for Musk’s aerospace fir...
Record slump in aid: UN official warns
Marcella Favretto, Acting Chief of the Development, Economic, Social and Cultural Rights Branch of OHCHR, warned at the 2026 Forum on Global Human Rights Governance in Beijing that global aid has hit a record annual slump. The drastic fall in development assistance comes as global military spending keeps climbing. She said that in this context, the UN welcomes the Global Governance Initiative.
Behind the rising costs of ticket prices for concerts, sports and more
Jo Ling Kent explains what's driving the rise of ticket prices for events like the World Cup, NBA Finals and summer concerts, and how consumers can save money.
BT boss takes home £5.6m as pay and bonus package more than doubles
Allison Kirkby pocketed the payment after BT’s share price surged nearly 80% since she became chief executiveThe chief executive of BT saw her pay and bonus package more than double last year to £5.6m, the biggest pay award to a boss of the telecoms company in more than a decade.Allison Kirkby, who stepped up from the board to take the helm in February 2024, received a pay, bonus and share award package of £5.58m for the year to the end of March. Continue reading...
The AI Bubble Is Stable As A Price War Forces A New Reality
Today’s StocksEditors' PickMoneyMarketsThe AI Bubble Is Stable As A Price War Forces A New RealityByPeter Cohan,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Peter Cohan, a Boston-based senior contributor, covers stocks.Follow AuthorJun 11, 2026, 09:04am EDTJun 11, 2026, 09:48am EDTSummaryOpenAI and Anthropic are on the brink of a token price war ahead of their anticipated IPOs, as enterprise clients like Uber struggle with high AI costs and questionabl...
No 'rash decision' over Stokes' future, says 'angry' Key
ECB managing director Rob Key says he felt dumbstruck, angry and frustrated after learning Ben Stokes and Gus Atkinson broke team curfew rules, but is refusing to make a "rash decision" on the Test captain's future.
A look at the fast-growing space economy as Elon Musk's SpaceX is set to go public
Elon Musk's company SpaceX is set to go public on Friday. It's part of the fast-growing space economy as companies compete to be part of the future.
US jobless aid filings rise to 229,000 last week, remain historically low despite war
U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran
China, NZ to advance negative list negotiations on service trade
China and New Zealand have agreed to jointly promote negotiations on the negative list for trade in services under the China-New Zealand Free Trade Agreement (FTA), China
Masayoshi Son’s Fortune Drops Nearly $22 Billion Since Losing Asia’s Richest Title
BreakingBusinessMasayoshi Son’s Fortune Drops Nearly $22 Billion Since Losing Asia’s Richest TitleBySiladitya Ray,Forbes Staff. Siladitya Ray is a New Delhi-based Forbes news team reporter.Follow AuthorJun 11, 2026, 08:28am EDTToplineJapanese billionaire Masayoshi Son’s fortune has dropped by more than $20 billion in the past week, forcing him to cede the briefly held title of Asia’s richest person and drop out of the top 25 on the list of the world’s richest people, as shares of his company Sof...
Microsoft to layoff 1,000 employes at Xbox as CEO Asha Sharma orders 'reset'
Microsoft's Xbox division is bracing for major layoffs in July, with reports suggesting up to 1,000 jobs could be cut and a studio closure possible. New Xbox CEO Asha Sharma, in a blunt memo to staff co-signed with Matt Booty, called for a full business "reset," flagging a 3% margin, $20 billion in spending, declining revenue, and a hardware component crisis pushing console parts 5x higher.
ECB raises eurozone interest rates as Iran war stokes inflation
European Central Bank increases main deposit rate to 2.25%, with two further rises expected by next springBusiness live – latest updatesThe European Central Bank has raised interest rates for the first time since 2023 in response to higher inflation caused by the war in Iran.The ECB raised its main deposit rate from 2% to 2.25% and financial markets are pricing in two more rises by next spring. Continue reading...
ECB raises interest rates by quarter point to 2.25%
Central bank is first in G7 to increase borrowing costs in response to Middle East energy crisis
OpenAI Wants To Slash Prices After Altman Said Steep Costs Were ‘Huge Issue,’ Report Says
BreakingBusinessOpenAI Wants To Slash Prices After Altman Said Steep Costs Were ‘Huge Issue,’ Report SaysBySiladitya Ray,Forbes Staff. Siladitya Ray is a New Delhi-based Forbes news team reporter.Follow AuthorJun 11, 2026, 08:10am EDTToplineOpenAI is considering major price cuts for its AI tools in a bid to compete with rival Anthropic, according to a Wall Street Journal report, as both companies prepare to go public later this year and the steep usage cost prompts some companies to scale back o...
SpaceX IPO tomorrow: Could Elon Musk become world's first trillionaire? Decoding the math
Elon Musk may soon become the world's first trillionaire. This is due to the upcoming initial public offering of his company SpaceX. The IPO is expected to be the largest in history. If valuations hold true, Musk's personal fortune could surge past the trillion-dollar mark. This event could reshape global wealth rankings and create new millionaires.
Why The ‘Super Agent’ Strategy Is Failing In The Enterprise—And What Actually Works
InnovationWhy The ‘Super Agent’ Strategy Is Failing In The Enterprise—And What Actually WorksByPraveen Satyanarayana,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)Jun 11, 2026, 08:00am EDTPraveen Satyanarayana, data and AI leader at Tredence, advancing domain-specific agentic systems for enterprise decision intelligence. gettyEnterprise ambition h...
Stock market: Which are top 10 gainers and losers on NSE & BSE today? Check list
Indian equity benchmarks closed lower on Thursday, impacted by global weakness, rising crude oil, and Middle East tensions. IT stocks saw significant selling, while banking and pharma offered some support. Markets experienced volatility throughout the session, reflecting investor caution amid geopolitical concerns and FII outflows.
GoPro under intense pressure from rising costs and competition
MoneyWatch GoPro under intense pressure from rising costs and competition .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } June 11, 2026 / 7:43 AM EDT / AFP Add CBS News on Google For nearly 25 years, GoPro cameras have gone underwater, glided with parachutes and slipped down ski slopes, enabling the adventurous to record images of their experiences. But the San Mateo, Calif.-based company now faces a battle for survival amid intensifying compe...