Morning Edition · Wednesday, June 3, 2026
Markets
Washington Revives Broad Tariffs, Targeting 60 Economies Over Forced Labor
The Office of the United States Trade Representative proposed duties of 10 to 12.5 percent on most major trading partners. It is the office's first broad tariff action since the Supreme Court struck down an earlier set.
Crypto
Bitcoin Holds Near 67,000 Dollars After a Week of Losses as Gold Slips From Highs
The largest cryptocurrency steadied after a 9.5 percent weekly decline, while gold and silver traded below their January peaks.
Geopolitics
Iranian Strike Shuts Kuwait's Main Airport as US and Iran Trade Fire
At least one person was killed and more than 60 wounded in an attack on a terminal at Kuwait International Airport, as Washington and Tehran each accused the other of escalation.
Markets
Ukrainian Drones Burn a St. Petersburg Oil Terminal as Russia Opens Its Economic Forum
Long-range drones flew more than 1,000 kilometers to start a fire at a petroleum terminal hours before President Vladimir Putin's main annual business conference began.
Markets
European Fiscal Strain Surfaces as Portugal Strikes and Brussels Warns on Deficits
A general strike shut Portuguese hospitals, schools and flights as the European Union confronts rising deficits driven partly by defense spending.
Geopolitics
Trump Confirms Profane Call With Netanyahu Over Lebanon Escalation
The American president acknowledged an angry exchange in which he pressed Israel's prime minister to halt strikes that threatened his Iran negotiations.
Markets
Yen Slides Toward 160 Per Dollar Despite Heavy Tokyo Intervention
The Japanese currency's weakness has reshaped tourism flows and revived expectations of a Bank of Japan rate increase this month.
World
South Korea's Ruling Party Projected to Sweep Local Elections
Vote counting confirms President Lee Jae-myung's Democratic Party winning most metropolitan and provincial leadership posts, with the party also ahead in the once-undecided Busan race.
Geopolitics
China's New Air-to-Air Missile Draws Scrutiny After Rafale Losses
An unverified image of the PL-16 suggests a range beyond 300 kilometers, intensifying an Indo-Pacific contest in long-range weapons.
Tech
White House Offers to Vet Advanced AI Models Before Release
An executive order invites companies to submit frontier systems for a national-security review up to 30 days before release, after a security concern at Anthropic.
Geopolitics
Russia Deepens Trade Ties With China and Africa to Skirt Sanctions
A Chinese shipping line plans its first Arctic voyage to Murmansk in August as Tanzania's president visits Moscow to expand commercial links.
Markets
Tel Aviv Stocks Fall and Shekel Weakens on Faster Rate-Cut Signal
Israel's insurance index dropped sharply and the currency fell past 2.86 per dollar after the central bank governor pointed to accelerated easing.
World
WHO Sharply Cuts Congo Ebola Case Count to 116 From Over 1,000
The revision reduces the apparent scale of the outbreak but leaves questions about earlier estimates and ongoing containment.