Economy

Ryanair has plans for 'armageddon' scenario as CFO warns weaker European carriers may not survive jet fuel crunch

Ryanair said it has plans for an "armageddon situation," amid the jet fuel crisis.

Citi Wealth warns markets may be 'uncomfortably strong' amid mounting geopolitical, inflation risks

Global markets may be due for a period of consolidation after a sharp rally in equities, said Citi Wealth's chief investment officer Kate Moore.

Ryanair: don't anticipate cancellations this summer

Low-cost airline Ryanair is confident it can maintain a full summer schedule and doesn't anticipate any cancellations. Chief Financial Officer Neil Sorahan spoke to CNBC's Ritika Gupta about how alternative jet fuel supplies are helping to ease pressure, but that energy costs will remain elevated.

Samsung strike involving 47,000 workers looms as South Korea’s president urges labor deal

South Korea’s government stepped up pressure on Samsung Electronics and its union to avert a strike that officials say could cost the economy billions.

South Korea Market Volatility Nears Record High After $13 Billion Foreign Investor Selloff

South Korea's stock market volatility surged near record highs on Monday after foreign investors dumped $13.2 billion worth of local equities last week.

Mizuho shares slide 7% after denying decision on reported Rakuten Bank investment shift

Shares of Mizuho Financial Group fell over 7% Monday, after the company said it has not made decision yet on investment in Rakuten Bank.

China's economy loses steam in April as retail sales hit 40-month low

China's economy stumbled in April with consumption, industrial output and investment growth missing expectations.

White House touts deals on soybeans and rare earths after Trump-Xi summit, while China talks up tariff cuts

The meeting between U.S. President Donald Trump and Chinese President Xi Jinping last week yielded new pacts, though the sides have provided differing details.

Stress, Uncertainty as Economy Views Decline; Many Voice Frustration with Trump's Economic Approach, CBS News Poll Finds

Updated on: May 17, 2026 / 9:39 PM EDT / CBS News

Oil jumps as Trump warns 'Clock is Ticking' for Iran, fanning fears of escalation in conflict

Trump's warning to Iran over the weekend signals that the impasse between Washington and Tehran over ending the war could deteriorate into resumption of armed conflict.

Asia-Pacific markets mostly fall as Trump’s Iran warning stokes fresh oil supply fears

Asia-Pacific markets fell as investors weighed renewed geopolitical tensions after Donald Trump warned Iran to "get moving, FAST."

AI's insatiable appetite for electricity could revive a forsaken energy source

President Trump and Energy Secretary Chris Wright are working hard to keep coal alive as part of a robust grid.