Lufthansa flags €1.7bn hit from rising jet fuel prices
Airline expects to offset costs by raising fares, cutting flights and bringing forward restructuring measures Source link
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Kravis and Roberts on KKR at 50
The original private equity barbarian celebrates its birthday as the $22tn private markets face a fraught moment Source link
Russia pavilion drags Venice Biennale into EU sanctions row
Brussels has warned that allowing Moscow to participate would breach ban on providing services to Kremlin Source link
China Meets Iranian Official as U.S. Demands Strait of Hormuz Open
China’s top diplomat was meeting with Iran’s foreign minister, the first senior Iranian official to visit Beijing since the war began. Source link
Iran’s top diplomat visits China ahead of Trump-Xi summit
Xi Jinping could seek to use relationship with Tehran as leverage in talks with US president, analysts say Source link
UK supermarkets ask competition watchdog to rein in Aldi and Lidl
Sainsbury’s, Morrisons and Iceland are seeking to stop discounters preventing them opening stores nearby Source link
DeepSeek nears $45bn valuation as China’s ‘Big Fund’ leads investment talks
Value soars in ongoing fundraising discussions as investors including Tencent seek slice of AI lab Source link
Gilts and UK local elections: Bad vibes, bad timing
Plus, more on emerging markets Source link
Angela Rayner weighs options as leadership hopes fade
Neither the former deputy Labour leader nor her rivals have a clear path to replacing Sir Keir Starmer Source link
Europe’s far-right firewall melts as Socialists topple Romania’s PM
Also in this newsletter: How to reuse and recycle more critical raw materials Source link