•Torrential rains from a passing typhoon shut down a swathe of southern Taiwan on Friday, leaving more than five million people off work or school and flooding severing a section of a main rail line.
•Oil prices fell on Friday morning heading for steep weekly losses as supply concerns eased with stranded tankers resuming Strait of Hormuz transit, despite a cargo vessel being hit near Oman.
•Governments cut back EU plans to spend national funds on cross-country energy infrastructure projects, but agreed to more centralized planning of power network expansion to absorb more renewable energy and cope with demand from data centres.
•QatarEnergy issued a tender for loading Marine Qatar, Marine Land, and al-Shaheen crude grades via ship-to-ship transfers outside the Strait of Hormuz in July and August, the first such offering since the Iran war began on February 28.
•China unveiled its five-year energy plan that does not restrict coal power growth and targets clean energy to account for 30% of electricity generation by 2031.
•Zalando is being investigated by Germany's financial watchdog over its 2025 financial statements, with concrete evidence of accounting regulation breaches.
•Zacks analysis reports that Carelon is becoming a major revenue growth driver for Elevance Health, improving care efficiency and long-term earnings potential despite near-term investment pressures.
•Verizon Communications successfully bid nearly $3.2 billion for wireless licenses in a Federal Communications Commission auction for mid-band spectrum.
•Commercial Metals stated that temporary Q3 headwinds are reversing, with backlog, pricing, and precast integration setting up a stronger fiscal fourth quarter.
•Italy's antitrust authority opened an investigation into Microsoft over alleged unfair commercial practices linked to the price hike of Microsoft 365.
•Italy regulator probes Microsoft over 'Microsoft 365' price hike.
•FedEx Freight expects revenue to grow 4% to 6% for the period June 1 to December 31, with the outlook reflecting confidence in the underlying strength of the business.
•Spain's market watchdog chair Carlos San Basilio said the authority will grant no extensions or waivers to crypto firms that fail to secure licenses under the EU's MiCA regime.
•Bitcoin reached new 2026 lows as spot BTC ETF outflows, a bearish monthly options expiry, and Strategy's unrealized losses widened its gap with AI-connected stock returns.
