Markets Rattled by Tech Sell-Off and Middle East Tensions

Ukraine's drone strikes hit Russia's oil industry

Russian motorists queue for miles in the hope of buying petrol, but President Putin describes the problem as manageable. Meanwhile fighting has erupted in the Persian Gulf with both US and Iran firing at targets on land and at sea. Almost no ships are currently passing through the Strait of Hormuz. And the world's biggest professional ESports event gets under way in Paris.

SpaceX's lift-off moment stalls

Twenty five days ago SpaceX debuted on the stock market in the largest initial public offering in history, selling US$75bn worth of shares. Now its joined the Nasdaq 100 index of firms including Microsoft, Apple and Nvidia, so why have its shares fallen? We hear from tech investor Eileen Burbridge and financial advisor Jennifer Snyder on why investors might not be feeling reassured. Canada's launching a new national strategy for artificial intelligence called the 'AI for All' plan, setting targets for economic growth, jobs and safeguards as the government looks to strengthen its control over the technology. Leanna Byrne speaks to Jerry McGinn of the Center for Strategic and International Studies (CSIS) on how NATO countries will pay for the biggest rise in defence spending in decades. And China’s robotaxi firms are racing overseas, but will passengers trust cars without drivers? Global business news, with live guests and contributions from Asia, Europe and the USA. (Picture: SpaceX founder and CEO Elon Musk is shown celebrating the company's debut on the Nasdaq market in New York City, New York, USA, on 12 June 2026. Credit: Sarah Yenesel / EPA / Shutterstock.)

Ethanol fuels row in India

Motorists are angry that petrol in India must contain 20% ethanol alchol. Samsung's profits jump on sales of memory chips for AI, but the share price falls. And can China become the global leader in self driving cars?

The future of gaming after XBOX cuts

With Microsoft announcing nearly five thousand job cuts, and XBOX bearing the brunt of the losses, we look at what's changing in the world of gaming and hear from former XBOX executive Peter Moore on how it might affect some of the globe's most popular computer games. Meanwhile, as NATO leaders prepare to haggle in Turkey over defence spending, we get advice from Sweden's former Prime Minister Carl Bindt on how countries balance their budgets against growing security demands. Also on the programme, Andrew Peach discusses the growing concern around political interference in football after FIFA's shock decision to overturn United States forward Folarin Balogun's suspension for a red card offence. And as World Cup games in Mexico come to an end, Mexico City's tourism minister Alejandra Frausto Guerrero talks about the country's hope for a boost in tourism. The latest business and finance news from around the world, on the BBC. (Picture: A teenager holding a controller to play a video game on a Microsoft Xbox One console, in Corfe Mullen, Dorset, UK. Credit: Yui Mok / PA.)

Easyjet accepts $7bn takeover offer

Europe's second biggest low cost airline accepted bid after months of wooing. If the deal goes through, the new owners Clearlake will take the business private. NATO to discuss a proposed Defence, Security and Resilience Bank, aimed at boosting lending to member nations to pay for a ramp up in defence. And US rock band Metallica are funding work apprenticeships as part of their current stadium tour of Europe.