Eurozone growth limps on as Iran war fuels stagflation fears
FRANKFURT — The eurozone economy eked out another quarter of growth at the start of the year — but the outlook is darkening fast.
· Johanna Treeck
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Newest first · UTC+11:00Cristiano Ronaldo is wrong: Al Nassr-Al Ahli bad blood is good for Saudi Pro League | The National
It is pushing it to say someone who earns a weekly wage of $4 million repaid the investment all in one moment. But Cristiano Ronaldo gave it a good go on a venomous night in Riyadh on Wednesday.
· Paul Radley
Japan's finance minister issues warning after yen breaches 160 to dollar
Finance Minister Satsuki Katayama issued verbal warnings against the weak yen on Thursday. (Photo by Jo Ishibuchi)
· JADA NAGUMO
Spain's economic growth defies impact of Middle East war
Spain's dynamic economy withstood the turmoil unleashed by the Middle East war to post 0.6 percent growth in the first quarter, in line with expectations, official data showed on Thursday.
· The Local
Banking groups pledge W1tr to government-led venture funding initiative
Korea's five major banking groups pledged to commit a combined 1 trillion won ($675.3 million) to support the country's venture and startup ecosystem, joining a government-led push to revive venture investment with private capital.
· Choi Ji-won
Alphabet revenue tops expectations on record quarter for cloud unit
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· Victor Barreiro Jr.
ASEAN economic ministers agree to strengthen FTAs, ratify petrol security deal
This is AI generated summarization, which may have errors. For context, always refer to the full article.
· Tati Maligro
Iran war sends oil prices soaring, pushes Europe inflation to 3%
FILE -Clouds cover the sky over the headquarters of the European Central Bank in Frankfurt, Germany, Sept. 11, 2025. (AP Photo/Michael Probst, File)
· David Mchugh
Shall we go to Europe? Travellers bet both ways on flights during Iran war
If there is a resolution to the Iran war, travellers are betting on big discounts to lure them back onto planes. And if not, they are booking fully refundable back-up trips on top of existing flights they’ve already purchased.
· Chris Zappone
Finance Minister Katayama issues warning after yen breaches 160 to dollar
Finance Minister Satsuki Katayama issued verbal warnings against the weak yen on Thursday. (Photo by Jo Ishibuchi)
· JADA NAGUMO
Samsung chip profit jumps almost 50-fold; Supply shortage to worsen in 2027
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· Victor Barreiro Jr.
Eurozone inflation jumps to 3.0 percent as Israeli-US war drives up energy prices
Inflation across the euro area has accelerated sharply, driven by surging energy costs linked to the Israeli-US war on Iran, according to fresh data from Eurostat.
· Middleeasteye
Euro zone inflation jumps to 3% as economic growth almost stalls
The euro zone economy expanded by a meager 0.1% in the first quarter of the year, preliminary data showed on Thursday, as the Iran war hampers growth in the region and inflation pressures intensify.
· Holly Ellyatt
Media leaders ask Israel to lift ban on independent Gaza reporting
The leaders of major media companies around the world, including The Associated Press, are calling on Israel’s government to lift a ban keeping foreign journalists from being able to independently enter and report from Gaza, a barrier that’s been in place since the war’s start in 2023 and continues even as a ceasefi…
· Deepti Hajela
Oil surges to four-year high on Trump blockade warning
HONG KONG — Oil prices soared more than seven percent to a four-year high above $126 Thursday after Donald Trump warned the US blockade of Iranian ports could last months and a report said he would be briefed on potential fresh military strikes.
· Agence France-Presse
S. Korea, Pakistan discuss accelerating CEPA negotiations
SEOUL, April 30 (Yonhap) -- South Korea and Pakistan discussed ways Thursday to accelerate negotiations on a bilateral comprehensive economic partnership agreement (CEPA) to boost trade and investment, Seoul's trade ministry said.
· Kang Jae-eun
Oil surge triggers ‘biggest energy crisis’, IEA chief warns
The head of the International Energy Agency has sounded the alarm over spiralling oil prices, warning of a deepening global economic shock as conflict in the Middle East disrupts markets.
· Middleeasteye
China forges new aviation alliances to fast-track C929 certification
Pacts include airworthiness standards for long-haul aircraft, together with Hong Kong and Macau, aiding efforts to expand international operations for Comac’s jets
· Frank Chen
China forges new aviation alliances to fast-track C929 certification
Pacts include airworthiness standards for long-haul aircraft, together with Hong Kong and Macau, aiding efforts to expand international operations for Comac’s jets
· Frank Chen
Infini kicks off high-stakes drill test in Canadian uranium heartland
Infini Resources has fired up the drill rig for maiden diamond drilling at its Reynolds and Reitenbach Lake uranium projects, situated on the doorstep of Canada’s world-renowned Athabasca Basin in northern Saskatchewan.
· Andrew Todd
Pakistan opens up road trade routes into Iran amid Hormuz blockade
Islamabad, Pakistan – Pakistan has opened six overland transit routes for goods destined for Iran, formalising a road corridor through its territory as thousands of containers remain stranded at Karachi port because of the United States blockade of Iranian ports and ships trying to pass through the Strait of Hormuz.
· Abid Hussain
Samsung, SK Hynix flag record supply squeeze in memory market as AI demand soars
South Korea’s memory chip giants warn of a prolonged crunch, with worried Samsung customers already pre-booking memory capacity for 2027
· Ann Cao
Samsung, SK Hynix flag record supply squeeze in memory market as AI demand soars
South Korea’s memory chip giants warn of a prolonged crunch, with worried Samsung customers already pre-booking memory capacity for 2027
· Ann Cao
How the AI boom is helping Asia weather the Iran war energy shock
The war in Iran might as well be over for investors as positive sentiment, strong corporate earnings and the AI boom lift Asian markets
· Nicholas Spiro
How the AI boom is helping Asia weather the Iran war energy shock
The war in Iran might as well be over for investors as positive sentiment, strong corporate earnings and the AI boom lift Asian markets
· Nicholas Spiro
China’s top tech hub Shenzhen eases homebuying curbs, raises loan caps
Non-local residents with valid residence permits can buy homes in Futian, Nanshan and Xinan
· Cheryl Arcibal
China’s top tech hub Shenzhen eases homebuying curbs, raises loan caps
Non-local residents with valid residence permits can buy homes in Futian, Nanshan and Xinan
· Cheryl Arcibal
Finance chief to attend ASEAN+3, ADB meetings in Uzbekistan
SEOUL, April 30 (Yonhap) -- Finance Minister Koo Yun-cheol will attend a series of international gatherings and the annual meeting of the Asian Development Bank (ADB) in Samarkand, Uzbekistan, next week, his office said Thursday.
· Kim Han-joo
Yen breaches 160 to dollar; JGB yield highest in nearly 3 decades
The yen at one point depreciated to 160.48 per dollar during New York trading on April 29. (Photo by Koji Uema)
· JADA NAGUMO
Private credit fears loom large over Europe’s banks this earnings season
Banking executives in Europe have moved to calm investor concerns over private credit risks, as lenders' exposure to the troubled sector re-emerged during earnings season.
· Hugh Leask
UAE minister says strategy to protect key supplies addresses impact of Iran war | The National
Dr Thani Al Zeyoudi, Minister of Foreign Trade, said a new government drive to safeguard supplies of essential products was developed to strengthen the UAE's response to challenges caused by Iran's “egregious attacks” on the country.
· The National
5 banking groups unveil 1 tln-won support plan for startups
SEOUL, April 30 (Yonhap) -- Hana Financial Group and four other banking groups will provide 1 trillion won (US$680 million) worth of financial support for startups as part of their efforts to boost productive finance and help invigorate the venture industry, the country's financial regulator said Thursday.
· Park Sang-soo
This oil shock will hit Asia harder than the 1970s
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· David Fickling
Opposition builds vs Razon-Pacquiao power venture in Soccsksargen
This is AI generated summarization, which may have errors. For context, always refer to the full article.
· Herbie G
US carmakers' China balance: cooperate abroad, protect turf at home
Ford CEO Jim Farley, right, hosts U.S. President Donald Trump at the automaker's production center in Dearborn, Michigan, in January. © Reuters
· Staff Writer
Samsung warns memory shortage to deepen next year as 2027 orders come in
Samsung Electronics is riding high on strong demand for memory chips as artificial intelligence technology develops. © Reuters
· Staff Writer
Industrial costs up by 50% in Hong Kong since start of Middle East war: oil executive
Wah Fu Petroleum Company executive pledges to pass on subsidy to customers, while taxi union leader praises government for quick intervention
· Lo Hoi-ying
Industrial costs up by 50% in Hong Kong since start of Middle East war: oil executive
Wah Fu Petroleum Company executive pledges to pass on subsidy to customers, while taxi union leader praises government for quick intervention
· Lo Hoi-ying
BNK Banking hits straps with record high-margin March quarter
BNK Banking Corporation has tabled a record net interest margin (NIM) for the March quarter, with the closely watched bank health metric swelling to 2.11 per cent.
· Andrew Todd
China’s Big Four banks post stronger earnings as policy lending lifts growth
Strong loan growth to infrastructure and policy-backed sectors helps lift profits, while margins show early signs of stabilising
· Yulu Ao
China’s Big Four banks post stronger earnings as policy lending lifts growth
Strong loan growth to infrastructure and policy-backed sectors helps lift profits, while margins show early signs of stabilising
· Yulu Ao
Jeep maker Stellantis beats expectations as first-quarter operating income tops $1 billion
Auto giant Stellantis on Thursday reported a near tripling of its adjusted operating income in the first three months of the year, supported by improved sales in its key North American market.
· Sam Meredith
Dalaroo snaps up full control of Greenland rare earths prize
Dalaroo Metals has just ticked off a major milestone at its Blue Lagoon critical minerals project in south-west Greenland, successfully acquiring full control of its core exploration licence, which hosts the majority of the project.
· Murray Ward
LIV Golf to map out future without Saudi funding, strikes upbeat tone for what comes next
League’s officials to reveal details of new board, leadership with Private Investment Fund expected to stop support at end of 2026 season
· Josh Ball
LIV Golf to map out future without Saudi funding, strikes upbeat tone for what comes next
League’s officials to reveal details of new board, leadership with Private Investment Fund expected to stop support at end of 2026 season
· Josh Ball
UAE petrol costs to rise for third consecutive month but diesel remains unchanged | The National
UAE petrol costs are set to increase in May in line with global oil prices, which remain elevated amid persisting concerns related to the conflict between the US and Iran. However, diesel prices will remain unchanged.
· The National
Today in Spain: A roundup of the latest news on Thursday
Bank of Spain warns financial institutions they are too dependent on the US, Spain carries out dress rehearsal for total solar eclipse, Patti Smith to be given Princess of Asturias Award and more news from Spain this Thursday April 30th.
· The Local
Private equity firm MBK to drop takeover of Japan's Makino
Asia-based private equity firm MBK Partners had planned to acquire machine tool maker Makino. (Source photos by Nikkei)
· Staff Writer
Bangko Sentral says inflation may have breached 6% in April 2026
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· Tati Maligro
Seoul overhauls US-facing diplomatic lineup amid growing Coupang dispute
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
· Jung Min-kyung