Daily Recap

Tuesday, 23 June 2026

Business news today captured companies and governments adjusting to a harsher competitive and financing landscape. In Washington, President Trump signed executive orders to speed U.S. quantum computing development while pushing federal systems toward post-quantum cybersecurity, underscoring how strategic technology is now treated as both an economic and national-security race. In Europe, Heineken turned to outsider Rafael Oliveira to lead a turnaround after weaker demand, while Royal Mail’s results showed the strain many legacy businesses face: revenues and underlying earnings improved, but operating profit was squeezed by rising staff costs. Markets were more unforgiving in Asia, where a tech-led rout sent South Korea’s KOSPI down nearly 10%, forcing exchange officials to trigger both a sidecar and a circuit breaker. And in credit markets, Sony’s planned return to dollar bond issuance for the first time in decades highlighted how rising Japanese rates are reshaping corporate funding choices.

Recap for Tuesday, 23 June 2026

Photos from today's Business coverage
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