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Ryanair is preparing for an “Armageddon situation” amid the jet fuel crisis, the low-cost carrier’s chief financial officer told CNBC on Monday.Neil Sorahan said in an interview with CNBC’s Ritika Gupta: “Are there plans for some kind of Armageddon situation? Of course there are, but I don’t think that’s going to happen. As it stands, we’re running a full schedule this summer, and we’re planning on running a full schedule through the winter.” “I think some of the weaker aircraft carriers that were already struggling before the war could hit a wall in the winter,” Sorahan said. Shares fell 2.7%…
Beijing/Hong Kong — When the wheels of Air Force One lifted from Beijing on Friday, US President Donald Trump was coming to the end of a three-day visit with many questions left over about what exactly he had agreed to with Chinese leader Xi Jinping. Over the weekend, statements from both sides began to unravel the outcome of talks aimed primarily at resetting the tone between the world’s economic powers after a difficult year that brought the two countries to the brink of decoupling. The United States and China are now preparing to establish two new institutions, the Trade Commission…
Europe wants to position itself as a leader in AI and compete with the US and China, but experts told CNBC that rising energy prices could undermine that ambition.The region is moving forward in the AI space by increasing computing capacity and building the critical infrastructure needed for the technology. But data centers are power-hungry, making the investment particularly sensitive to energy costs, and prices have soared in Europe amid the war between the United States and Iran.Data center projects are likely to move to European regions where electricity costs are lower, creating winners and losers across the continent, experts…
Published May 18, 2026May 18, 2026Jannik Sinner has completed tennis’ coveted Golden Masters, becoming only the second man after Novak Djokovic to win all nine of the Masters 1000, the biggest non-Grand Slam tournament.Top-ranked Sinner defeated Casper Ruud 6-4, 6-4 in Sunday’s final of the Italian Open, becoming the first Italian man to win the tournament since Adriano Panatta in 1976.Recommended stories list of 4 itemsend of listAfter winning the title and accomplishing the feat on the red clay of Rome’s Forum Italico, Sinner told a jubilant home crowd that his half-century wait was finally over: “There is no better…
Wegovy semaglutide tablets.Michael Silk | Universal Images Group | Getty Imagesnovo nordisk He told CNBC that the company is “full steam ahead” preparing to launch Wegovy pills outside the United States, as the battle for supremacy in the weight-loss market becomes global.”Once we launch, we’ll go all in,” Emil Konshoji Larsen, Novo’s executive vice president of international operations, said in an interview with CNBC on Tuesday. “That’s a big opportunity.”Novo announced last week that it plans to first launch the drug outside the U.S. later this year, pending approval, as the pill continues to impress with unprecedented uptake in the…
The combined photo shows OpenAI CEO Sam Altman (left) on April 28, 2026, and Elon Musk on April 29, 2026, during the trial of Elon Musk’s lawsuit over OpenAI’s commercial conversion in federal court in Oakland, California.Manuel Orbegoso | ReutersIn December 2015, Elon Musk and Sam Altman sat down for an interview at the Vanity Fair New Establishment Summit in San Francisco, publicly touting their new partnership as co-chairs of the fledgling Artificial Intelligence Research Institute. Musk became a billionaire thanks to his shares. teslawent public five years ago, and Altman ran Y Combinator, a well-known startup incubator. The two…
International efforts are underway to contain the Ebola outbreak that has infected hundreds and killed dozens in the Democratic Republic of the Congo (DRC) and Uganda, with the United States considering relocating a “small number” of affected nationals. The World Health Organization on Sunday declared the Ebola outbreak a “public health emergency of international concern.” Although the latest outbreak does not yet meet the criteria for a “pandemic emergency,” high positivity rates and rising numbers of infections and deaths across health regions indicate “the potential for a much larger outbreak than what is currently being detected and reported,” the WHO…
USSEC (United States Soybean Export Council) booth at the 8th China International Import Expo held in Shanghai on November 8, 2025.Sopa Images | Light Rocket | Getty ImagesBEIJING – China has agreed to buy U.S. soybeans and address U.S. access to rare earths, the White House announced Sunday, touting some of the most tangible results so far from last week’s high-profile bilateral summit.US President Donald Trump concluded two days of talks with Chinese President Xi Jinping in Beijing on Friday. The two leaders also agreed to meet in the United States in September.The White House announced that China would purchase…
Members of the Samsung Electronics Labor Union hold up placards that read, “Let’s be transparent!” On April 23, 2026, a large rally is held outside the company’s foundry and semiconductor factory in Pyeongtaek to demand the removal of caps on performance bonuses. (Photo credit: Jung Yeon-je/AFP via Getty Images)Jung Young Jae | AFP | Getty ImagesSouth Korean President Lee Jae-myung on Monday called for the rights of both labor and management to be respected following an 18-day strike at Samsung Electronics looms. “Labor must be respected as much as business, and corporate management rights must be respected as much as…
tehran — As night falls on Iran’s vast capital and the snow-capped peaks of the Alborz Mountains fade into darkness, thousands of Iranians regularly take to the streets for state-sponsored rallies aimed at rallying supporters against the United States. Near Tehran’s upscale Tajrish Square, the inevitable chant of “Death to America” echoes over a sea of Iranian flags, and street vendors peddle tea and souvenirs like patriotic baseball caps and patches to enthusiastic crowds. “I am ready to sacrifice my life for my country and my people,” a young woman named Tiana, wearing glasses the colors of the Iranian flag,…