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NewsBeat

Global shares skid after big sell-off of tech shares on Wall St, while oil prices surge

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Global shares skid after big sell-off of tech shares on Wall St, while oil prices surge

TOKYO (AP) — Global shares sank on Monday after Wall Street ended last week with its worst day since October, while oil prices jumped more than $4 as fighting flared between Israel and Iran.

South Korea’s Kospi led the global retreat, plunging 8.3% on heavy selling of technology shares and extending losses that on Friday gave the S&P 500 its biggest single day drop in months.

The future for the S&P 500 was up 0.2%, while that for the Dow Jones Industrial Average lost 0.3%.

Oil prices surged as Israel launched airstrikes early Monday, targeting central and western Iran in response to missile fire. Iranian state television reported the sound of explosions being heard in Isfahan, Tabriz and Tehran, without immediately elaborating.

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American and Iranian negotiators reached a tentative deal last week to extend their ceasefire, but the agreement has not been finalized and the latest attacks further strain efforts to end the conflict. The U.S. war with Iran has essentially blocked crude oil shipments from moving through the Strait of Hormuz.

Brent crude, the international standard, jumped $4.60 to $97.69 a barrel. Benchmark U.S. crude surged $4.13 to $94.67 a barrel.

In early European share trading, France’s CAC 40 fell 0.7% to 8,161.42, while the German DAX dipped 0.8% to 24,552.77. Britain’s FTSE 100 shed 0.4% to 10,331.24.

During Asia’s day, the Kospi in Seoul slipped 8.3% to 7,484.41 as Samsung Electronics, the country’s biggest company, dropped 10.2%. SK Hynix declined 7.7%.

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Japan’s benchmark Nikkei 225 dropped 3.9% to finish at 64,024.60. The Japanese government revised the annualized economic growth rate to 1.8% for the first quarter this year, down from an earlier estimate of 2.1%.

Elsewhere in Asia, Taiwan’s Taiex lost 3.5% and the Hang Seng in Hong Kong lost 1.3% to 24,642.33. The Shanghai Composite shed 1.7% to 3,959.34.

Markets were closed in Australia for the King’s Birthday, a holiday.

Friday marked the biggest one-day drop for Wall Street since Oct. 10, when the Trump administration threatened to impose a 100% tariff on imported goods from China.

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The S&P 500 sank 2.6% after a strong jobs report boosted expectations about the Federal Reserve raising interest rates this year, further darkening sentiment already dimmed by worries over a possible end to the rally in tech shares driven by the boom in investment in artificial intelligence.

The Dow Jones Industrial Average fell 1.4%, while the Nasdaq composite slumped 4.2%.

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In currency trading early Monday, the U.S. dollar inched down to 160.23 Japanese yen from 160.25 yen. The euro cost $1.1521, up from $1.1515.

___

Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama

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Cambridgeshire McDonald’s hopes to keep 24/7 opening

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Cambridgeshire Live

A previous planning agreement meant that the restaurant could open 24/7 for two years before it had to seek further permission

A popular fast food outlet near a city centre retail park is looking to maintain its around-the-clock opening hours.

The McDonald’s Drive Thru restaurant at Morrisons supermarket next to Brotherhood Retail Park has requested permission to maintain its current 24/7 trading hours from Peterborough City Council.

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Documents submitted to the council’s Planning Services department on behalf of McDonald’s by Savills real estate services state the application has been made “in order to enable the restaurant to operate 24 hours a day, seven days a week.”

The application has been made to offset previous planning permission requirements agreed two years ago.

In 2024, a planning agreement granted around-the-clock opening with a condition (Condition 4) which stipulated the restaurant would revert back to non-24/7 opening times.

It said: “Within 24 months of the date of this decision the site shall cease operating 24 hours, 7 days per week.”

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The current application seeks “continued use of the [Lincoln Road] site, without compliance with Condition 4 of the 2024 Permission”.

The application states that the Lincoln Road restaurant’s capability to successfully operate around-the-clock has been evident.

“Over the course of the 24 months, members of the public and the Council have not raised any issues with regard to the additional hours of trading during the temporary period,” Savills noted.

“As such, the 24/7 operations have not caused any disturbance relating to noise or anti-social behaviour.”

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The document concludes by saying the proposed extension will “ensure that the restaurant is better able to meet the demands of its established customer base and enhance its overall efficiency”.

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Glasgow bus ploughs into wall with passengers on board

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Daily Record

The roads have been closed while the bus is recovered from the area.

A number of roads have been closed after a bus crashed into a garden near Glasgow.

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The incident happened on Mill Road in Clydebank this morning, Monday, June 8, at around 6am. It is not believed anyone was injured but a number of passengers were checked over by paramedics at the scene.

Police closed down several road in the area to allow for the bus to be recovered.

Pictures show a number of uniformed police officers standing on the road behind the bus. Debris from the crash can be seen under the bus, which lies deep in a hedge inside a residential garden.

Police Scotland confirmed four roads have been closed this morning following the collision.

A spokesperson for the force said: “Mill Road in Clydebank is closed following a single vehicle crash, involving a bus, which happened around 6am on Monday, 8 June.

“Emergency services attended and passengers were checked by paramedics at the scene. “Closures are in place from the train station, Millburn Avenue, East Barns Street and Yoker Mill Road, to allow for vehicle recovery.”

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Rory McIlroy feels ‘limited’ with key cog of game as he prepares for US Open

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Belfast Live

Rory McIlroy finished in a tie for 12th at the Memorial Tournament but the Northern Irishman is focused on improving ahead of the US Open at Shinnecock Hills

Rory McIlroy has acknowledged feeling “limited” with his driving at present and conceded he needs to improve before next week’s US Open.

The Northern Irishman secured a tie for 12th place on four under par at the Memorial Tournament, finishing alongside Ryder Cup team-mate Justin Rose and world number one Scottie Scheffler.

While he believes most aspects of his game are in solid shape ahead of the third major of the year, which begins on 18 June, McIlroy expressed his disappointment with his driving performance at Muirfield Village.

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He managed to hit just 30 of 56 fairways during the tournament, though the six-time major champion is drawing comfort from the fact that conditions at Shinnecock Hills should prove more manageable off the tee.

“It was sort of like two steps forward, one step back,” McIlroy said when reflecting on his performance at the Memorial, which earned him over a quarter of a million pounds.

“Off the tee still wasn’t where I want it to be. I feel limited at the minute. Thankfully the fairways at Shinnecock are a little wider than they are here.

“I need to work on how I’m hitting it off the tee. But everything else, (my) putting felt pretty good for the most part and my iron play and wedges were pretty nice.

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“I’ll just try to keep getting a little bit better each and every day heading into Shinnecock.”

McIlroy flew back to the UK on Sunday night and plans to return to the United States this weekend, heading straight to Long Island in New York, where the US Open will take place.

“Overall, (it was) not a bad week, got some good stuff out of it, and I’ve got a week to prep and get ready for Shinnecock,” he added.

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Tropical Storm Boris brings heavy rain and flooding threat to southern Mexico

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Shootings at school and home in northeastern British Columbia leave 10 dead, including shooter

MIAMI (AP) — Tropical Storm Boris formed Monday and is expected to bring heavy rain, flooding and possible mudslides to parts of southern Mexico’s Pacific coast, the U.S. National Hurricane Center said.

Boris was located about 85 miles (135 kilometers) southeast of Acapulco and 50 miles (80 kilometers) southwest of Punta Maldonado, according to the Miami-based weather center. The storm had maximum sustained winds of 40 mph (65 kph) and was moving northeast at 5 mph (7 kph).

Boris was expected to make a turn to the north, bringing rainfall of 4 to 10 inches (10 to 25 centimeters) to coastal portions of the states of Guerrero and Oaxaca through Monday night.

“This rainfall may produce life-threatening flooding and mudslides, especially in areas of steep terrain,” the center said.

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A tropical storm warning was in effect from Laguna de Chacahua in Oaxaca to Tecpan de Galeana in Guerrera, with tropical storm conditions expected in the area within 24 hours.

Boris is the second named storm of the Pacific hurricane season, which started May 15. Tropical Storm Amanda formed June 3 far out to sea, posing no threat to land.

The Atlantic hurricane season began June 1, but no cyclones have formed in that basin yet this year.

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New Skylights song charts at number 4 in vinyl charts

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New Skylights song charts at number 4 in vinyl charts

The band had previously set their sights on securing their first number with new single, Fever, but guitarist Turnbull Smith said they were “absolutely buzzing” to land the fourth spot.

“We’re absolutely buzzing to be in at number four in the UK official vinyl charts and number five in the physical charts,” he said. “What an achievement.”

Fever by Skylights charted at number four in the official vinyl single charts (Image: Supplied)

Fever was the first single to be released by Skylights since the band announced they would be releasing music independently.

They partnered with Vinyl Eddie in Tadcaster Road to produce the vinyl, which was pressed at Vinyl Press in Monks Cross and recorded at Young Thugs Studio in Southbank.

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Skylights were kept off the number one vinyl spot by pop giant Ariana Grande whose new single, Hate That You Made Me Love You, peaked at number one during its first week.

Grande was followed in the official vinyl single charts by Dinner Party by Niall Horan at number two and Down Below by Jayler at number three.

Skylights did, however, chart ahead of rock legends the Rolling Stones whose new single, In the Stars, dropped to number six in the vinyl charts in the song’s third week of release.

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Thirty people sentenced for their part in Ely riots – live updates from court

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Wales Online

Prosecution is about to begin.

Intention today is to outline the case and move onto individual cases from tomorrow. The lead prosecutor at court today is Matthew Cobbe.

Mr Cobbe tells the court: “Kyrees 16 and jarvey 15 died on 22 may 2023 they had been riding an e bike and lost control.. Both suffered catestrophic injuries and died at the scene.”

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The prosecuor went on to say that the “terrible news travelled quickly” and that large crowds gathered.

The court hears that body worn cameras captured the grief and distress at the scene.

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Will Flight Prices Rise In 2026 Due To Jet Fuel Costs?

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Will Flight Prices Rise In 2026 Due To Jet Fuel Costs?

The chief executive of British Airways (BA), Sean Doyle, has warned that flight prices will soar if jet fuel costs remain high.

Speaking to the Financial Times (FT) at the International Air Transport Association (IATA)’s yearly meeting, Doyle said “there’s no getting away from [the reality that] if fuel goes up, fares have to go up”.

According to The Guardian, at the same meeting, IATA’s director general, Willie Walsh, said: “High oil prices will inevitably mean higher ticket prices… There’s just no way to avoid that.”

Jet fuel costs have reportedly doubled since the closure of the key shipping route, the Strait of Hormuz, as a result of conflict in the Middle East.

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Long-haul BA flights could face more changes

British Airways previously suggested prices may rise as a result of these costs.

Speaking to the FT, Doyle said that longer-haul flights might be more affected should price increases go ahead.

“When people’s purpose to travel is business and doing deals … those price increases are kind of peripheral to the reason they’re travelling,” the airline boss said.

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“A brand like BA, which has got a lot of long-haul, a lot of corporate, a lot of premium, we’d expect maybe to have more pass-through of prices than maybe a carrier who’s solely competing for leisure short-haul.”

Still, he noted, plane ticket prices haven’t risen in line with inflation and have generally stayed around ’90s levels in some cases.

“We had fares in 1995 of Barcelona for £60 one way. You can go on BA.com and probably get Barcelona for not too much more than that off-peak,” he claimed.

One study found that between 1990 and 2016, the price of plane tickets dropped by 40% per mile when adjusted for inflation.

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The BA chief executive added that the airline’s flights to the Gulf and Dubai are set to return

Doyle also said that the airline will resume flights to the Gulf, which have been paused after the outbreak of the Iran war, in the coming months.

And he said British Airways will also restart its routes to Dubai, though he doesn’t expect this to begin again until October 2026.

Other airlines have expressed similar cost concerns

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Cathay Pacific Airways is considering cutting flights after the 2026 summer season if jet fuel costs continue to soar, Bloomberg reported.

Air New Zealand has also hiked prices following increasingly expensive fuel costs.

And the following airlines that service the UK have previously said they plan to run fewer flights after ballooning costs:

  • KLM

  • Air Canada

  • Asiana Airlines

  • Delta Airlines

  • Lufthansa

  • SAS.

Meanwhile, some bosses, like Ryanair CFO Neil Sorahan, said they aren’t worried about jet fuel shortages yet.

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He recently remarked: “Do we have plans for some kind of Armageddon situation? Of course, we do, but I don’t see that coming to pass. As things stand, we’re operating a full schedule this summer and plan to operate a full schedule into the winter period.”

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Westminster probe into Peter Murrell scandal could hold ‘box office’ hearings in Edinburgh

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Daily Record

Supporters of a Commons investigation believe evidence should be taken in Scotland.

A “box office” Westminster inquiry into the Peter Murrell scandal could meet in Edinburgh to put maximum pressure on John Swinney.

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House of Commons sources believe bringing any probe to Scotland would make it almost impossible for the SNP not to cooperate.

Murrell, the former SNP chief executive and Nicola Sturgeon’s estranged husband, is facing jail time after he pled guilty to embezzling over £400,000 of party funds.

The SNP’s political rivals, as well as a number of pro-independence figures, believe there should be a separate parliamentary inquiry into the role of Police Scotland and the Crown in the case.

Labour have been pushing for a Holyrood inquiry, but SNP and Green opposition means this option looks to be dead.

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A more likely outcome is a probe by Westminster’s Scottish Affairs Committee.

As revealed by the Record last week, the SNP are considering boycotting a Westminster investigation.

However, a number of Labour figures have told the Record any Westminster hearings should be held north of the border, preferably Edinburgh.

Such a move, it is argued, would undermine claims of a London-based committee investigating the SNP.

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Supporters of the probe also believe holding hearings on Swinney’s doorstep would make a snub look ridiculous

Labour peer Lord Foulkes said: “There are strong arguments for evidence sessions in Edinburgh, as there would be less of an excuse for John Swinney to appear. It would also remind people that we have two Governments in Scotland.”

“It would be curtains for Swinney’s reputation if he did not cooperate. He would look evasive.”

He said of a Westminster inquiry: “It will be box office”.

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Douglas McAllister, the Labour MP for West Dunbartonshire who sits on the Committee, said:

“It’s not unusual for the Scottish Affairs Committee to hold hearings in Scotland.

“Let’s make it as easy as possible for the key witnesses to attend. This is also about restoring public confidence in politics, and rather than hearing evidence down in Westminster which some may regard as remote, let’s bring the Scottish Affairs Committee directly to the people of Scotland.”

If a witness refuses to provide evidence to a Westminster inquiry, a committee can issue a summons.

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Defying a summons can lead to a witness being found in contempt for Parliament, with sanctions including admonishments, fines or imprisonment.

The Committee will meet on Tuesday to discuss the potential for a probe into the scandal.

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British Gas engineer shares quick dishwasher fix for common ‘specks of food’ issue

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Daily Mirror

An engineer revealed there’s often a common cause for the annoying problem

British Gas has shared advice for homeowners who use a dishwasher, explaining what to do if they often find bits of food left behind after a wash. According to an engineer, there could be a simple explanation for the issue, and what can be done about it.

Posting on Facebook, British Gas revealed blockages around the spray arms could cause the issue. The post explained: “Tired of your dishwasher leaving bits of food behind? Before you run another cycle, check your spray arms for blockages!”

In the video, a British Gas engineer demonstrated how to complete the check. He told customers: “If your dishwasher is leaving food on the plates, check this before you run it again. Don’t waste electricity running a second cycle.

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“The problem is usually your spray arms. Hard water scale and tiny bits of food block the water jets, meaning your dishes don’t get a proper wash. You can actually just pop these arms right off.

“Take a pin or a toothpick and poke it through the blocked holes to clean them out. Give the arm a flush under the tap and clip it back in. You get a perfect clean first time, saving energy and water.”

Homeowners can find more cleaning tips on the British Gas website. Sharing a list of spring-cleaning jobs, the experts highlighted several kitchen appliances that can benefit from regular care. British Gas explained: “Fridge and freezer – remove old food, clean shelves and defrost your freezer.

“Oven and microwave – clean out food debris and wipe down the surfaces. Dishwasher – clean the filter and wipe down the seals on the door. Washing machine – run an empty cycle with white vinegar to remove any mould.”

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Additionally, most supermarkets sell dishwasher cleaner designed for regular use. For instance, Tesco sells Tesco Dishwasher Cleaner for £2.70. The description claims: “Eliminates grease and limescale. Helps prevent drain blockages. Tesco dishwasher cleaner. Use once a month for a healthier machine.”

One reviewer praised: “This product left my dishwasher sparkling clean and a lovely fresh smell.” Someone else replied: “Keeps your dishes sparking clean! Great quality; use it monthly to keep the machine fresh.

“Would highly recommend.” Another fan wrote: “Cleaned dishwasher perfectly, smelled clean afterwards. Good price compared to market leader. Value for money.”

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However, not everyone was impressed. A different review claimed: “Left a terrible smell in machine which passed on to all utensils and food.”

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Man rushed to hospital with serious injuries after crash near Newmarket

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Cambridgeshire Live

A motorcycle had left the road

A man has been left with serious injuries after a crash on Sunday (June 7). Police were called to London Road, between Six Mile Bottom and Newmarket, at 12pm with reports of a single-vehicle crash.

A white Suzuki DL motorcycle had left the road. The rider, a man in his 40s from Cambridge, was taken to Addenbrooke’s Hospital with serious injuries where he remains.

A police spokesperson said: “We are appealing for information following a serious single vehicle collision near Six Mile Bottom.” Anyone with information is asked to report it online or call 101 and quote incident 192 of June 7.

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