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INSANE: 24 | Vintage Vibes

AAP Rolling News Bulletin June 3, 0400

AAP Rolling News Bulletin for June 3 at 0400

AAP

Trump administration proposes 25% tariffs on Brazil despite extensive US trade surplus

The Trump administration proposed 25% tariffs on imports from Brazil, charging that the world's 10th-biggest economy engages in trade practices that are "unreasonable'' and that "burden or restrict U.S. commerce

AAP

FED:Home prices dip another speed bump for slowing economy

The latest data is expected to show Australia's economic growth rate slowed even before the effects of interest rate hikes and the Iran war were fully felt.

AAP

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Data centre boom fails to boot up lagging economy

A fourth Reserve Bank rate hike is still on the cards for 2026, despite a slowdown in economic growth, falling productivity and high labour costs.

AAP

What Blair gets wrong about the economy – it is fired by people, not business

Letters: Readers respond to Jonathan Freedland’s article about Tony Blair’s vision for the future

The Guardian - UK

Vladimir Putin warned by his own officials that mounting cost of Ukraine war is ‘unsustainable’

The Kremlin has warned that cutting defence spending now would hurt Russian businesses dependent on lucrative contracts

The Independent UK

Trump administration proposes 25% tariffs on Brazil, citing "unreasonable'' trade practices

AAP

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CMR Green raises Rs 188 crore in IPO anchor round; SBI MF, ICICI Pru MF among top investors

CMR Green Technologies raised Rs 188 crore from anchor investors before its IPO opening, attracting strong participation from mutual funds, insurers and global institutions. The robust demand underscores investor interest in sustainability-focused businesses and India's growing metal recycling and circular economy sector.

The Economic Times

Iran War has cost U.S. families $100 billion between increased military funding and higher oil prices, finds Moody's

"With the saving rate about as low as it ever goes ... [consumers] will have little choice but to rein in their spending, weighing further on the already sagging economy."

Fortune

'StarCraft 2' Balance Patch Revives Classic RTS With Major Gameplay Overhaul After Years of Silence

"StarCraft 2" receives a surprise balance patch changing economy, factions, and strategies, affecting early and mid-game RTS gameplay.

Player One

Will the SpaceX IPO Put These 5 Public Space Stocks Into a Higher Orbit?

With SpaceX targeting a Nasdaq listing as early as June 12 at a $1.75-$2 trillion valuation, five stocks—Rocket Lab, Alphabet, Redwire, Intuitive Machines, and Destiny Tech100—offer the strongest operational or financial ties to the IPO.

MarketBeat

Unlocking 'the true space age': Impulse Space raises $500 million to build out fleet of ultra-mobile spacecraft

Impulse Space — which was founded by Tom Mueller, SpaceX's first-ever employee — just raised $500 million to build out the ultra-mobile spacecraft that it believes will transform the space economy.

Space

Donald Trump’s economic adviser says that Americans spending more on gas and groceries is a sign they are ‘optimistic about the future’

A different read on the data.

We Got This Covered

Flattery is the job in Trump's Cabinet

A New York Times review of hours of meetings found officials spend more time fawning than governing

Salon

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The Independent UK

Unemployment to hit 2m under Labour, business group warns

Lack of jobs worst for the 16-24 year olds

The Times of India

From yoga to ayurveda: US lawmakers backs resolution recognising Hindu-Americans

A prominent US Congressman has backed a House resolution recognising the contributions of the Hindu-American community to the US economy while condemning Hinduphobia, anti-Hindu bigotry, discrimination and attacks targeting Hindu places of worship across the country.

Fortune

Meet America's 'Disillusioned': the 32% feeling betrayed and rejecting the establishment—and they're not who you think

They work full-time, play by the rules and they still raid their retirement savings. The Roosevelt Institute looks at America's economically betrayed.

Bangkok Post

Thailand sees 2% growth and 3% inflation in 2026: central bank chief

The Thai economy is expected to grow 2% this year, Bank of Thailand (BoT) governor Vitai Ratanakorn told a news briefing on Tuesday.

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The Economic Times

Kerala Monsoon Delay Reason: Why is the Southwest Monsoon late? What IMD is forecasting

India's southwest monsoon is delayed, with official onset expected after June 5-6. While Kerala has seen some rain, the India Meteorological Department awaits widespread rainfall, strong westerly winds, and specific cloud activity to declare the monsoon's arrival. This crucial weather event underpins India's economy and agriculture.

The Economic Times

Maruti Suzuki to fuel India's ethanol shift with first flex-fuel car that's coming soon

India's auto sector is set for a revolution with Maruti Suzuki launching the country's first mass-market flex-fuel passenger vehicle. This move supports green mobility and reduces oil imports. The vehicle can run on petrol and ethanol blends up to 100 percent. This initiative boosts the rural economy and promotes cleaner…

The National (Scotland)

NC500 route boosts Highland economy by nearly £100m – but major warning issued

A NEW study says a popular scenic route generated almost £100 million in economic benefits last year, but warned the majority of local residents…

The Economic Times

Southwest monsoon likely to reach Kerala around June 4: IMD

IMD Monsoon Update: The Southwest Monsoon is expected to arrive in Kerala around June 4. The India Meteorological Department reports favourable conditions for its advance. This monsoon is crucial for India's agriculture and economy. Below-normal rainfall is forecast, raising concerns about El Nino's impact. The monsoon season is vital for…

Fortune

It's not a recession. But Goldman says your paycheck is acting like it

Real income growth has slowed to a pace "rarely seen outside of recession," Goldman Sachs warns — and Americans are only beginning to feel the squeeze.

The Economic Times

India’s domestic growth story still strong despite global headwinds: Rajeev Agrawal

Global markets face uncertainty. Rajeev Agrawal from DoorDarshi India Fund sees India's economy as resilient. He focuses on domestic businesses less affected by global shocks. Real estate, banking, and renewable energy are highlighted as attractive sectors. Foreign investment remains a challenge, but long-term optimism persists due to strong domestic demand…

The Guardian - UK

Despite what the UK right will tell you, appeasing bond markets has actually led to instability

Austerity has benefitted bond traders but impoverished UK society and led to the rise of populism. Is it right that we carry on adhering to their interests, asks Guardian columnist Andy Beckett

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