Lufthansa faces nearly $2 billion in extra fuel cost amid the Iran war, after axing 20,000 flights
Germany’s largest airline, Lufthansa, is taking on additional fuel costs as the Middle East conflict poses ‘enormous challenges.’
CNBC Daily Open: Kospi bull run rolls on
South Korea’s Kospi surges to a new peak as a rally in Samsung shares takes the chip giant’s markets capitalization above $1 trillion.
CNBC Daily Open: Kospi bull run rolls on
South Korea’s Kospi surges to a new peak as a rally in Samsung shares takes the chip giant’s markets capitalization above $1 trillion.
China hosts Iran’s top diplomat just days ahead of Trump’s high-stakes visit
Iran’s Foreign Minister Abbas Araghchi trip to Beijing on Wednesday marks the first time he has visited China since the beginning of the Iran war.
China presses Iran against resuming war, urges Hormuz reopening ahead of Trump-Xi summit
China called for a “prompt resumption of shipping traffic through the Strait of Hormuz,” though that point was absent in Iran’s statement.
Samsung crosses $1 trillion valuation as AI frenzy drives historic rally, lifting shares over 15%
The rally comes after the company reported an over eightfold increase in first-quarter operating profits last week.
CNBC Daily Open: ‘Project Freedom’ paused, tech rally unleashed
Within days of announcing “Project Freedom,” U.S. President Donald Trump has paused it, marking the latest twist in the Middle East conflict.
In the global AI race, a sanctioned Chinese firm says cheaper models can still win
As China’s AI competition intensifies, SenseTime is shifting toward multimodal AI, lower-cost models and overseas expansion to remain competitive, co-founder Lin Dahua said.
Oil prices fall more than 6% as U.S. and Iran appear close to deal to end war
Oil prices fell sharply after Axios reported that the U.S. and Iran were closing in on an agreement to bring an end to the conflict.
South Korea’s Kospi tops 7,000 to hit a new high as heavyweight Samsung surges 15%
Signaling diplomatic efforts for resolving the Middle East crisis were on track, Trump said the U.S. bid to guide ships out of Strait of Hormuz had been paused.
