China's inflation rose unexpectedly in April, signaling an end to a long period of price declines in the world's second-largest economy. The surge was largely attributed to higher global oil prices linked to ongoing conflicts in the Middle East.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
A coalition of environmental groups and residents has challenged new government regulations for Schiphol Airport at the Council of State. The plaintiffs claim the rules legitimize years of illegal operations and are seeking a mandatory reduction in flight numbers.
NVIDIA CEO Jensen Huang is touring Europe to encourage businesses to accelerate their transition toward AI-integrated operations to build a stronger local economy. Despite investor concerns regarding the heavy costs of AI infrastructure, Huang remains optimistic and is forming new partnerships with European firms.
The European Commission has opened an investigation into Booking.com over concerns that the travel platform is failing to adequately combat fraud and phishing scams. The inquiry aims to ensure the company complies with the Digital Services Act, which mandates that online platforms prioritize user protection and transparency.
Carrefour has lowered its profit forecasts for 2026 and this year due to significant uncertainty caused by widespread rioting in France. The unrest has led to property damage, looting at multiple retail locations, and operational disruptions including shortened store hours and increased security costs.
European natural gas prices have exceeded 90 euros per megawatt-hour for the first time since late 2022 due to rising geopolitical tensions in the Middle East. Additionally, gas storage levels across Europe are at their lowest point entering winter since 2009, raising concerns about supply stability and further economic impact.
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