Information

South Korea’s SK Hynix became just the third Asian company to join the $1 trillion club as a breakneck surge in memory-chip stocks and an AI frenzy reshapes economies worldwide. (Source: Bloomberg)

AI’s rapid growth is pushing global energy demand skyward, forcing electrical grids to expand and modernize. Now, companies from China to Nigeria are investing in new tech to power the future. (Source: Bloomberg)

Companies in the US and the UK ramped up their currency hedges last quarter as the war in Iran roiled global markets, an industry survey shows.

Economic advisers to German Chancellor Friedrich Merz almost halved their forecast for growth this year as the war in the Middle East and US trade policy weigh on activity.

Financial markets are in danger of a sudden and significant correction, with investors downplaying threats from factors including the Iran war, the European Central Bank warned.

A fire broke out at Russia’s Black Sea port of Tuapse after another Ukrainian drone attack overnight, as authorities continue to clear up damage to coastline following multiple strikes in recent weeks.

Former BP Chairman Albert Manifold says he was fired without warning or explanation and will challenge the company’s version of events, deepening the turmoil around the UK oil major’s latest leadership change. BP fired Manifold on Tuesday after eight months on the job, citing “serious concerns” related to “governance standards, oversight and conduct.” Bloomberg’s Mitchell Ferman has more. (Source: Bloomberg)

French Finance Minister Roland Lescure reiterated the government’s goal to reduce the deficit to 5% of output this year and below 3% in 2029 even as the Iran conflict weighs on the economy.

Deutsche Lufthansa AG reassured customers that fuel supply is stable and urged passengers to “absolutely” book summer vacations, an appeal that comes as Europe’s largest airline group depends on peak travel demand to meet its financial goals.