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Morning Bid: Blistering AI rally turns ugly

Morning Bid: Blistering AI rally turns ugly

A look at the day ahead in European and global markets from Rae Wee An ugly selloff in technology stocks swept across Asia on Monday as investors slammed the brakes on the red-hot AI rally, with a more than 8% fall in South Korea's KOSPI triggering circuit breakers.

European leaders voice 'urgent need' to bolster Ukraine's defenses against ballistic missiles

European leaders voice 'urgent need' to bolster Ukraine's defenses against ballistic missiles

The leaders of the U.K., Ukraine, France and Germany discussed the “urgent need” to ramp up production of weapons to combat Russia’s powerful hypersonic Oreshnik ballistic missiles in a meeting in London on Sunday

Oil prices surge as Iran conflict flares, while global stocks skid on selling of tech shares

Oil prices surge as Iran conflict flares, while global stocks skid on selling of tech shares

Global shares have declined after Wall Street ended last week with its worst day since October, while oil prices have jumped more than $4 as fighting flares between Israel and Iran

The Latest: Israel and Iran exchange fire as hostilities escalate

The Latest: Israel and Iran exchange fire as hostilities escalate

Israel and Iran fired at each other while a missile reportedly targeted a part of Saudi Arabia housing a U

Iran blames US for latest exchanges of fire with Israel

Iran blames US for latest exchanges of fire with Israel

DUBAI, June 8 (Reuters) - Overnight exchanges of fire between Iran and Israel will only worsen an already "chaotic diplomatic process" with the United States, Iranian Foreign Ministry spokesperson Esmaeil Baghaei said on Monday, adding that Tehran was exchanging messages with Washington in an

Oil prices rise more than $2 on Israel strikes on Lebanon

Oil prices rise more than $2 on Israel strikes on Lebanon

By Colleen Howe BEIJING, June 8 (Reuters) - Oil prices were up more than $2 a barrel on Monday after Israel on Sunday launched renewed strikes on Lebanon despite a truce between the two countries, eroding hopes for an end to the wider war and a restart to crude flows through the Strait of Hormuz.

President Trump Urges Iran to Cease Missile Strikes Amid Tensions with Israel

President Trump Urges Iran to Cease Missile Strikes Amid Tensions with Israel

President Trump has called for Iran to halt its missile strikes and return to negotiations following Tehran's recent missile launch towards Israel. The situation escalated after Iran fired missiles, prompting President Trump to urge restraint and dialogue. He expressed dissatisfaction with Israel's initial attacks, which were reportedly not coordinated with the U.S. Trump emphasized the importance of returning to the negotiating table to prevent further conflict. The U.S. forces have been placed on alert as tensions rise in the region.

Lebanese PM says Israel has bombed Lebanon nearly 3,500 times during ceasefire

Lebanese PM says Israel has bombed Lebanon nearly 3,500 times during ceasefire

BEIRUT, June 8 (Reuters) - Israel has carried out nearly 3,500 air strikes on Lebanon and hundreds of controlled explosions since the U.S. announced a ceasefire for the country on April 16, Lebanon's Prime Minister Nawaf Salam said on Monday.

President Trump Urges Iran and Israel to Avoid Retaliation and Pursue Negotiations

President Trump Urges Iran and Israel to Avoid Retaliation and Pursue Negotiations

Following a series of missile barrages from Iran towards Israel, President Trump has called for restraint and urged both nations to return to the negotiating table. In an interview with Fox News, President Trump emphasized the importance of diplomacy, stating that the U.S. and Iran are 'very close to a deal.' He expressed dissatisfaction with Israel's recent strike in Beirut and advised Israeli Prime Minister Benjamin Netanyahu against retaliating. The situation remains tense, with Iranian officials threatening further action if provoked. The U.S. Central Command has released footage of its forces preparing for potential conflict escalation, highlighting the delicate balance of power in the region.

US preparing draft resolution condemning Iran at IAEA, diplomats say

US preparing draft resolution condemning Iran at IAEA, diplomats say

By Francois Murphy and John Irish VIENNA/PARIS, June 5 (Reuters) - The United States is preparing a draft resolution condemning Iran ahead of next week's meeting of the U.N. nuclear watchdog's Board of Governors, diplomats said on Friday, a step that could complicate wider talks between the U.S. and

Iran declares support for Hezbollah with wider peace deal in doubt

Iran declares support for Hezbollah with wider peace deal in doubt

By Ahmed Elimam and Jana Choukeir DUBAI, June 5 (Reuters) - Iran has reaffirmed support for its Lebanese ally Hezbollah and demanded Israel withdraw from southern Lebanon, underscoring complications facing an interim deal to end the broader conflict between the U.S. and Iran.

Trump's 'crazy' rebuke undercuts Netanyahu at a critical moment

Trump's 'crazy' rebuke undercuts Netanyahu at a critical moment

By Alexander Cornwell, Rami Ayyub and Steve Holland JERUSALEM/WASHINGTON, June 5 (Reuters) - Benjamin Netanyahu has long portrayed himself to the Israeli public as being uniquely adept in dealing with Donald Trump, capable of winning and sustaining the U.S. president's backing.