Amidst the ongoing conflict, Cuba experienced a nationwide power outage, US diesel prices soared, and **global oil remained above $100 a barrel, while NATO allies rejected Trump's Hormuz armada demand, leading the BIS to warn of potential market slumps and interest rate surges**.
President Trump requested a postponement of the Beijing summit with Xi Jinping due to the Iran war, while officials explored a more managed trade approach with China and a judge struck down RFK Jr.'s vaccine policies, as airport security lines lengthened amid a partial government shutdown.
Chancellor Reeves announced support for compulsory purchase powers for the Oxford-Cambridge corridor and **pledged £1bn for British quantum computers, while UK welfare reforms aim to boost employment and proposals were made to curb powers of the financial services watchdog**.
**Public Storage acquired National Storage Affiliates in a $5.6 billion stock deal, UniCredit launched a fresh $28 billion bid for Commerzbank, and JBS beef-plant workers began a major strike, while Lululemon grappled with a proxy fight and a French company challenged Tesla's 'Cybercab' name**.
**Nvidia's CEO Jensen Huang predicted $1 trillion in AI chip revenue over two years following the debut of new AI products at their GTC conference, and Nebius secured a $27 billion AI infrastructure pact with Meta, demonstrating robust demand in the sector**.
The SEC is preparing a proposal to nix quarterly reporting requirements, the London Metal Exchange experienced trading halts due to a technical outage, and retail investors pulled billions from private credit funds, while Singapore issued warnings about illicit funds in low-tax investment vehicles.
Rising prices and high interest rates are making car ownership increasingly difficult in the US, Dollar Tree sees slowing sales growth despite an influx of inflation-weary shoppers, and Hong Kong's art market is showing signs of recovery, alongside discussions on billionaire philanthropy.
Belgium's prime minister called for normalising ties with Russia, Poland plans to use EU funds for drone defense despite a presidential veto, and French far-right parties made gains in municipal elections, alongside the latest rankings for Online MBA programs.