Reuters Business (@ReutersBiz)

The war in Iran has fueled blowout profits for the oil majors. Clayton Allison of Prime Capital Financial told Reuters their ability to set prices is likely to stay high for a long time, but that doesn't mean they will be confident in future demand to invest in new drilling

WestJet flight attendants went on strike ‌after failing to reach a deal with Canada’s second-largest carrier, grounding flights during the summer travel season. Read more:

Nvidia seeks to partner with Japan's Noetra and Ministry of Economy, Trade and Industry to build the world's first national AI infrastructure for physical AI. READ:

TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, pledged to invest a further $100 billion in the US state of Arizona and said AI-driven demand will remain strong up to 2030. READ:

Nvidia CEO Jensen Huang met former Sega CEO Shoichiro Irimajiri and game designer Yu Suzuki in Tokyo to thank them for a $5 million investment in 1995 that saved Nvidia from bankruptcy after the company failed to deliver a chip Sega had ordered

Asian airlines that gained passengers and charged higher fares on European routes after the start of the Iran conflict are seeing those advantages erode as Gulf carriers restore flights and offer lower ticket prices, industry data shows. More here:

The majority of publicly traded business development companies — the visible part of the private credit market — have turned unprofitable due to falling asset values and rising costs, a Reuters analysis shows, in ​the latest sign of pressure building in this highly leveraged corner of finance. More here:

The Australian government said it was considering breaking up the Big Four accounting firms and bringing them under the corporate regulator's purview following some high-profile scandals in the sector. More here:

WATCH: President Trump reported over $1.4 billion in income from crypto ventures last year, showing how he now derives most of his income from digital assets that have benefited from his policies, according to a review of his financial disclosures

Europe took a first step towards curbing what it calls unfair competition from online retailers such as Shein, Temu and AliExpress by imposing a €3 fee on low-value e-commerce imports from China that previously entered the bloc duty-free. More here:

WATCH: The S&P 500 and Nasdaq finished out the quarter with their biggest quarterly gains since 2020 as investors remained upbeat about economic and earnings growth even amid the Middle East conflict

A growing group of Chinese superfans helping fuel a resurgence for American brand Ralph Lauren, which reported a 50% sales jump in the country last quarter, even as the broader luxury market remains subdued by weak consumer confidence, a prolonged property downturn and concerns about jobs and income growth. More here:

More of the world's central banks plan to cut dollar allocations than increase them in the coming decade as political risks associated with the US currency rise, an OMFIF survey of public investors showed. More here:

𝗕𝗜𝗚: 𝗔𝗽𝗽𝗹𝗲 𝗶𝗣𝗵𝗼𝗻𝗲 𝟭𝟴 𝗣𝗿𝗼 𝘀𝗲𝗰𝗿𝗲𝘁𝘀 𝗵𝗮𝘃𝗲 𝗹𝗲𝗮𝗸𝗲𝗱 -- 𝗧𝗮𝘁𝗮 𝗘𝗹𝗲𝗰𝘁𝗿𝗼𝗻𝗶𝗰𝘀 𝗹𝗲𝗮𝗸 𝗵𝗮𝘀 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀 𝗼𝗻 𝗔𝗽𝗽𝗹𝗲'𝘀 𝘂𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗽𝗵𝗼𝗻𝗲 𝘄𝗵𝗶𝗰𝗵 𝗺𝗮𝗽 𝗵𝘂𝗻𝗱𝗿𝗲𝗱𝘀 𝗼𝗳 𝘀𝘂𝗽𝗽𝗹𝗶𝗲𝗿 𝗻𝗮𝗺𝗲𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗽𝗮𝗿𝘁𝘀 𝘁𝗵𝗲𝘆 𝗺𝗮𝗸𝗲 - 𝘀𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗲𝗱 𝘁𝗼𝗽 𝘀𝗲𝗰𝗿𝗲𝘁.... We've been reporting for days now on the Tata Electronics leak of more than 200,000 files on the dark web by World Leaks. It has files with purported component design papers of older Apple iPhones and some parts of Tesla - both Tata clients. They also included documents of TSMC and ⁠Qualcomm, both of which make parts used in iPhones. Now, Reuters reports sensitive lists of components and suppliers, and photographs of Apple's unreleased iPhone 18 Pro, are sitting on the dark web. At least six files that map hundreds of iPhone 18 Pro parts to the exact companies that make them -- the chips on the main board, the battery, the cameras. Apple does not disclose this supplier-to-part mapping in its public database. It guards it precisely because it reveals the two things every manufacturer wants hidden: where it has leverage, and where it is vulnerable. Apple is quite concerned about this, a source told us. With @MunsifV, @StephenNellis, @kenli729 The leak comes at a difficult time for Apple. It just raised iPad and MacBook prices on soaring memory costs, with iPhone increases expected to follow. Read details in the story, here