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Record label counts cost of BTS break

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K-pop pioneers BTS faced tears and sympathy from fans, but anger from shareholders in their management company on Wednesday, a day after the band, pleading exhaustion, announced a break from group musical activities to pursue solo projects

BTS fans were left in tears by the band’s announcement they were taking a break and pursuing solo projects.

But the South Korean group’s management company also had to deal with unhappy investors on Wednesday (June 15).

Tuesday’s announcement angered investors in the K-pop band’s record label HYBE.

The company, which went public two years ago, saw shares fall by a quarter on Wednesday and wipe just over $1.5 billion off its market value.

HYBE shares have performed poorly in recent months.

The company’s CEO and some BTS members sold stock for around $7.75 million in December.

BTS’ upbeat hits and messages of youth empowerment have turned them into global megastars.

But some band members are close to military service age, potentially requiring an unavoidable break from music.

All able-bodied South Korean men must do about two years of military service.

The oldest BTS member, Jin, is due to begin duty next year.

There could be a reprieve on the cards, though.

A bill pushing for military exemptions for globally renowned artists is pending in parliament.

It comes after a long debate over whether BTS deserve the same benefits and exemptions that sports athletes enjoy.

Investors, and fans, will hope lawmakers vote to give the boys a break.

Reuters

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Iran and Israel on the brink of all out war as oil prices teeter

“Israel and Iran escalate conflict with missile strikes and nuclear threats, risking oil price volatility and broader geopolitical instability as global leaders urge calm.”

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“Israel and Iran escalate conflict with missile strikes and nuclear threats, risking oil price volatility and broader geopolitical instability as global leaders urge calm.”


Israel and Iran on Brink of War as Oil Prices Teeter — Tensions erupt across the Middle East as Israel and Iran exchange missile strikes, threaten full-scale war, and target nuclear sites.

Civilians are caught in the crossfire while top generals are killed and the U.S. warns Tehran against further escalation. With G7 leaders urging calm, global markets brace for oil price shocks and broader instability.

Professor Tim Harcourt joins Ticker to analyse the stakes and what comes next.

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#IsraelIranConflict #MiddleEastTensions #G7Summit #OilPrices #GlobalMarkets #Geopolitics #NuclearThreat #TickerNews

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Amazon bets $20 bilion on AI in Australia amid energy crunch

Amazon invests $20B in Australian AI infrastructure, raising concerns about the energy grid’s capacity amid growing nuclear power discussions.

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Amazon invests $20B in Australian AI infrastructure, raising concerns about the energy grid’s capacity amid growing nuclear power discussions.


Amazon Bets $20 Billion on AI in Australia Amid Energy Crunch — Amazon is investing big in Australia, announcing a massive $20B spend on local data infrastructure to support AI growth.

But can the nation’s energy grid keep up? With calls for nuclear power growing louder and the Albanese government pushing digital productivity, Ticker speaks to expert Chris to unpack what this means for Australia’s tech future.

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#AmazonAI #AustraliaTech #DataCentres #NuclearDebate #AIInvestment #DigitalEconomy #EnergyCrisis #TickerNews

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Israel and Iran trade missiles as G7 Leaders push for calm

Israel and Iran clash with missile strikes amid G7 calls for calm, as civilians suffer the consequences and global tensions rise.

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Israel and Iran clash with missile strikes amid G7 calls for calm, as civilians suffer the consequences and global tensions rise.


Israel and Iran Trade Missiles as G7 Leaders Push for Calm — Civilians are caught in the crossfire as tensions explode between Israel and Iran. With over a dozen dead, including children, both sides are urging evacuations near military zones.

As the G7 summit unfolds, Germany and the U.S. plead for peace, but with nuclear sites in the crosshairs and oil prices teetering, the world is holding its breath. What’s next? Professor Tim Harcourt joins Ticker to break it down.

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#IsraelIranConflict #MiddleEastTensions #G7Summit #GlobalMarkets #MissileStrikes #NuclearThreat #OilPrices #TickerNews

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