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— Ralph Waldo Emerson

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Samsung Electronics reaches $1 trillion market cap thanks to surging demand for AI chips

The world's largest maker of memory chips, South Korea's Samsung Electronics, has seen its valuation reach $1 trillion this Wednesday. The company's profits have soared thanks to strong demand for the chips used to power artificial intelligence systems. Also in this edition: French oil major TotalEnergies says it will have to scrap caps on fuel prices if it faces a windfall tax on its profits in France.

Hungary's new government pushes for euro by 2030

Hungary's new leadership wants the country to adopt the euro by the end of the decade while repairing strained ties with Brussels. But with a weak economy and tight deadlines, experts warn the path will be steep.

Hungary moves back to EU mainstream with eurozone bid

Hungary's new leadership wants the country to adopt the euro by the end of the decade while repairing strained ties with Brussels. But with a weak economy and tight deadlines, experts warn the path will be steep.

Airlines cut 13,000 flights in May as jet fuel prices soar

Airlines have removed nearly two million seats from flights over the month, data from Cirium shows.

Novo Nordisk: 80% of Wegovy pill patients are new to weight-loss drugs

Mike Doustdar, CEO of Novo Nordisk, discusses the company's GLP-1 pill following the release of the company's Q1 earnings.

Next to hike prices by up to 8% outside Europe due to Iran war costs

No extra price rises are slated for the UK, which saw better than expected sales in the first quarter.

CNBC's UK Exchange newsletter: It's not the 1970s, but the oil shock is still biting hard

In theory, the U.K. should be less exposed to the impact of higher energy prices than some peers. In practice, the price surge is having a dire impact.

Private credit’s $2 trillion boom raises global stability fears, watchdog warns

The Financial Stability Board wants regulators to tighten up their supervision of private credit amid fears of growing stress in the sector.

European stocks set to rise as oil prices fall after Trump signals Iran war de-escalation

London's FTSE 100 looks set to open 1% higher, according to IG data. France's Cac 40 and Germany's Dax are on course to rise 0.8%.

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