European shares opened higher on Thursday, led by gains in technology stocks. Micron and Qualcomm's strong forecasts assuaged fears about the sector's inflated valuations, while oil prices eased further. By 0711 GMT, the?pan European STOXX 600 was up by 0.27% to 636.88. The AI rally is back on the agenda - as U.S. chipmakers Micron & Qualcomm released strong forecasts. This temporarily calmed investor concerns that a rally of global AI-linked shares had gone too far. European?tech shares, which rose by 30% in the last quarter, led the gains on the benchmark. Infineon and STMicroelectronics chipmakers gained 5,2% and 3,7%...

The U.S. and Israel war against Iran is causing financial stress for companies in Australia and New Zealand. Higher fuel prices are stoking inflation, reducing consumer and business confidence and weighing on corporate earnings. Some of the companies in Australia and New Zealand have made an impact. Air New Zealand: New Zealand’s flag carrier predicted its largest annual pre-tax losses in four years. This was two months after withdrawing their earlier 2026 forecast, as the Iran War pushed up jet oil prices, increasing costs, and compounding the pressure of weak demand and fleet restrictions. Air New Zealand has forecast a...

Falling crude prices boosted airline and travel stocks, and the Dow closed higher. As more tankers are expected to leave the Strait of Hormuz, oil prices have?fallen?to the lowest level since the beginning of the Iran War. Donald Trump, the U.S. president, said that Iran told Washington there were no tolls being collected. S&P 500 passenger airline index rose 5.2%, while Expedia Group and Booking Holdings also saw gains. The tech stocks fell, causing the focus to shift towards Micron Technology's earnings after the bell. The stock is up more than 200% since?2026, but it closed Wednesday's trading down 0.3%....

The Nasdaq, S&P 500 and Dow closed lower on Tuesday, with tech stocks being the main drag. As more tankers are expected to leave the Strait of Hormuz, oil prices have fallen to their lowest levels since the beginning of the Iran War. U.S. president Donald Trump claimed that Iran told Washington there were no tolls being collected. The S&P 500 index of passenger airlines rose. The tech?stocks fell, causing the focus to shift towards Micron Technology's results after the bell. The stock is up more than 200% in 2026, but it fell on Wednesday. Cerebras Systems fell after the...

Airbus announced on Wednesday that it would support?inspections of a subset?of?A380 aircraft, after Europe's aviation regulator had ordered urgent 'checks' on the wing structures of these?jets. The European Aviation Safety Agency (EASA), the agency responsible for ensuring aviation safety in Europe, published an urgent airworthiness directive Monday. It required inspections of 16 A380s and warned about cracks discovered in wing spars which could have a negative impact on structural integrity. Five planes must be inspected prior to the next flight, and the rest within 25 flight cycles. Flightradar24, which tracks flights, says that 15 of the affected aircraft were operated...

U.S. airlines stocks rose between 3% and 7% on Wednesday, after crude prices dropped to their lowest level since the Iran War. This sparked a hope that the pressure on carrier's earnings would ease. However, the benefits will not be passed directly to passengers. S&P 500 Passenger Airlines Index jumped up to 5%, reaching an all-time record. It is now up 13% from its June 12 close. This was the day after U.S. announced a peace deal with Iran. The benchmark S&P has dropped by 0.5% during that period. Brent crude futures dropped below $74 per barrel on Wednesday amid...

In a London court document, the Baltic Exchange defended the flagship oil 'tanker benchmark' saying that it accurately reflected the market conditions during the U.S. - Israel conflict with Iran, despite the?disruption of the Strait of Hormuz. The benchmark is used to 'price and settle billions in freight trades around the world. Its reliability is at issue with Mercuria, one of the largest commodity traders in the world, who claims it has mispriced market. Mercuria filed a court document on April 30 stating that it was suing the Baltic Exchange for losses caused by incorrect pricing data. The company claimed...

U.S. airlines stocks rose from 3% to 7% on Wednesday, after crude oil prices dropped to their lowest level since before the Iran War. This has raised hopes that the pressure on carrier's earnings will ease. However, the benefits won't be passed to passengers right away. The S&P 500 Passenger Airlines Index has risen as much as 5%, to an all-time record high. It is now up almost 13% from its close on June 12, when the U.S. announced that it had reached a peace deal with Iran. In that period, the benchmark S&P?500 index has fallen by 0.5%. Brent...

A'security source' said that nothing indicated sabotage. After one of the largest incidents in the history of the country, train services were resumed Wednesday. The incident affected passengers on regional and long-distance trains as well some local transport networks. The scheduled replacement of a technical component appears to be the cause of the disruption yesterday of the GSM-R system digital railway radio, according to Philipp Nagl of Deutsche Bahn Infrastructure. He added that "we are analysing how this disruption occurred as a matter a highest priority" in a statement. A security source stated that despite repeated warnings by intelligence agencies...

Davis Chirchir, Kenya's Transport Minister, announced on Tuesday that the government of Kenya has signed a contract with China Road and Bridge Corporation for an expansion of Jomo Kenyatta International Airport. The agreement is worth 154.2 billion shillings ($1.2 billion). East African nation plans to?triple the capacity of the?Nairobi Airport from 7.5million passengers per year to 22million. The project was previously stopped last year when Kenya cancelled an agreement with India's Adani Group for 2024 following the indictment of its founder?in the United States. Chirchir posted on his X page that the project scope included the construction of a terminal...

Deutsche Bahn announced in a press release that train service was restored across 'Germany early Wednesday morning after a nationwide disruption of the digital railway radio system had been resolved. A spokesperson for the company stated that "our IT experts have been working non-stop" to resolve 'the issue. They have also succeeded. Services are now slowly resuming. Earlier, Deutsche Bahn halted all trains, citing a problem with the Global System for Mobile Communications for Railways (GSM-R), the main communication device between train drivers and traffic control centers. Deutsche Bahn stated that services may still be limited and it 'would 'issue...

The United Nations shipping agency announced on Tuesday that an evacuation plan is in place to allow hundreds of ships with 11,000 seafarers stuck?in?the Gulf to sail through the Strait of Hormuz. This follows the agreement between Iran and the U.S. to end hostilities. A spokesperson for the United Nations said, "We've started to contact the ships in order to begin the evacuation." The International Maritime Organization's (IMO) spokesperson said that the evacuation would begin as soon as possible. The IMO stated that it had?secured the necessary safety assurances and verified conditions for safe sailing. In a press release, IMO...