Brent oil up 6% in one week on fears of U.S. attack on Iran
Brent oil rallied above $65 per barrel and was set to notch up a 6% gain this week on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world’s oil output.
Huawei executive says European smart phones sales up ‘in past few days’
Huawei smart phones sales in western European countries have risen “in the past few days” as customers grow more confident the Chinese company will weather U.S. sanctions levied last month, a European executive said on Friday.
Facebook co-founder says Libra could shift monetary clout to private companies: FT
Facebook Inc’s Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company’s co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday.
Iran-U.S. tensions take the edge off world stocks rally
World stocks fell on Friday as concern over the possibility of U.S. military strikes on Iran and a global trade conflict took the edge off a central bank-inspired rally earlier in the week.
British Airways says will follow U.S. guidance to avoid parts of Iranian airspace
British Airways said on Friday it will adhere to guidance from the U.S. Federal Aviation Administration (FAA) to avoid parts of Iranian airspace and its flights will continue to operate using alternative routes.
Oil rises towards $65 on fears of U.S. attack on Iran
Oil prices rallied towards $65 per barrel on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than 20% of the world’s oil output.
Huawei says shipped 100 million smartphones this year as of end-May
Huawei Technologies said on Friday it has shipped 100 million smartphones this year as of May 30.
Airlines avoid parts of Iran-controlled airspace after U.S. regulator’s order
Some global airlines are re-routing flights to avoid Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman, they said on Friday, after the U.S. aviation regulator barred its carriers from the area until further notice.
Central banks will want oversight of Facebook’s Libra: Bank of England’s Carney
Major central banks and regulators will want oversight of Facebook’s proposed new currency and payment system, Libra, to ensure it is safe and does not allow money laundering or finance terrorism, Bank of England Governor Mark Carney said.
‘White Knight’ Delta buys stake in Korean Air parent, dampens activist threat
Delta Air Lines bought a small stake in Korean Air Lines Co’s parent company and said it wants to increase it to 10%, giving a boost to the management of South Korea’s top carrier that seeks to thwart a local activist fund’s challenge.
