921 stories · Page 42 of 93
On 8 May 2026, ASEAN leaders approved their first charter amendment in 19 years—the Cebu Protocol—while instructing members to fast-track a voluntary oil-sharing pact and green-lighting a Philippine-based ASEAN Maritime Center to guard South China Sea shipping amid Middle-East-sparked energy turmoil.
On 7 May 2026, President Trump gave the EU a hard deadline of 4 July to ratify last year’s Turnberry trade accord or face an immediate hike of U.S. tariffs on European cars and other goods from 15 % to “much higher,” explicitly citing a 25 % auto rate.
On 8 May 2026 a 2-1 panel of the Court of International Trade ruled President Trump’s temporary 10 % global duties—imposed under the never-used Section 122 of the 1974 Trade Act—unlawful, immediately exempting only Washington State and two small importers while leaving the levy in place for everyone else pending appeal.
On 7 May 2026, AirAsia signed a record $19 billion purchase for 150 Airbus A220-300s, becoming the launch customer for a new 160-seat layout and locking in deliveries from 2028 to 2039.
On 6 May 2026 Apple told a California federal court it will pay $250 million to settle a consolidated class action claiming its 2024 marketing of “Apple Intelligence” misled buyers of iPhone 16 and select iPhone 15 models.
Between 6–7 May 2026, a cluster of announcements from L&T, city governments and civic bodies collectively added over ₹50,000 crore in fresh capital commitments and land deals, signalling an acceleration of domestic infrastructure and tech investment despite global headwinds.
On 5–6 May 2026 a wave of Q1 releases from seven mid-to-large caps revealed revenue growth almost across the board yet starkly diverging bottom-line outcomes—from Hensoldt halving its loss and Transocean turning a profit to Apollo Global Management swinging to a $1.93 billion loss.
On 6 May 2026, Washington’s surprise suspension of its Strait-of-Hormuz naval escort eased war fears, knocking WTI crude below $100 and—amid the risk-on rally—catapulted Samsung’s market value past $1 trillion.
After UniCredit opened a six-week, €35 billion share-swap offer for Commerzbank on 5 May 2026, Berlin began studying whether state bank KfW could double its current 12 % holding to a 25 % blocking minority to stop the takeover.
On 3–4 May 2026, seven OPEC+ heavyweights agreed a token 188,000 bpd production-quota rise for June, pointedly moving on after the UAE’s 1 May exit even though the Strait of Hormuz blockade keeps real exports millions of barrels below target.
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