Tesla’s profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025.
The US oil and gas industry, with White House backing, is lobbying the EU to delay new methane emission regulations for natural gas imports. The industry argues the rules are technically unfeasible and could disrupt supply, while climate advocates fear it undermines efforts to combat climate change.
Morocco's olive oil exports to Spain saw a dramatic 9,979% increase between early 2025 and early 2026, rising from 103 tonnes to over 10,000 tonnes. This surge, driven by a strong Moroccan harvest and preferential EU trade terms, reversed the trade balance, with Spain now importing more than it exports to Morocco. Despite the jump, Moroccan oil still represents a small fraction of Spain's total imports and domestic production.
The ECB has instructed 110 major European banks to develop action plans by October 31 to address cybersecurity threats from advanced AI systems. The European Systemic Risk Board also warned of 'severe' systemic cyber risks from frontier AI models, noting their potential to amplify cyberattacks and create strategic dependencies.
The Bank of England warns the UK faces recession risk if the AI stock bubble bursts, potentially causing a 2.2% GDP fall. Governor Andrew Bailey cited "triple whammy" risks from overvalued AI stocks, slower adoption, and uncertain long-term winners, while ruling out new regulations.
The European Central Bank's top supervisor, Claudia Buch, has instructed the EU's largest lenders to submit action plans by the end of October detailing how they will manage risks posed by advanced AI models, citing potential disruptions to the financial system.
Samsung expects Q2 operating profit of 89.4tn won, 19x higher YoY, due to soaring AI chip demand. Despite record forecasts, shares fell 7% as the market had already priced in growth and investors question spending sustainability.
