News 7 May 2026 - 8 May 2026

AusNet’s Compulsory Land Bid Puts Farmers On Collision Course With Victoria’s Western Renewables Link
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AusNet’s Compulsory Land Bid Puts Farmers On Collision Course With Victoria’s Western Renewables Link

AusNet has asked the Victorian government for powers to compulsorily acquire land easements for the Western Renewables Link, escalating tensions with farmers. The request follows a March law change allowing such applications during the ongoing Environment Effects Statement process. Farm groups and local councils have condemned the move, saying it undermines voluntary negotiations. The Victorian Coalition pledged to pause the project if elected in November.
May 8, 2026
Samsung Galaxy S25 Edge Price Cut: Flipkart Deal Drops Flagship To ₹65,074
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Samsung Galaxy S25 Edge Price Cut: Flipkart Deal Drops Flagship To ₹65,074

Flipkart is listing the Samsung Galaxy S25 Edge 12GB/256GB at ₹68,999, down from its May 2025 India launch price of ₹1,09,999. The lowest effective price with offers is ₹65,074. The discount comes as India’s smartphone shipments fell 2% year-on-year in Q1 2026, with CMR projecting a 10%–12% drop for the year. Flipkart’s Sasa Lele sale starts May 9, with early access for Black members on May 8.
May 8, 2026
IEA’s 2030 LNG Warning Is Pushing NextDecade to Charter More Ships
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IEA’s 2030 LNG Warning Is Pushing NextDecade to Charter More Ships

The IEA said the Iran war has removed about 120 billion cubic metres of global LNG supply from 2026-2030. NextDecade plans to charter more LNG carriers for its Rio Grande project as shipping risks rise and long-term contracts return. European Union gas storage is 30% below its five-year average. NextDecade expects first LNG from Rio Grande in early 2027.
May 8, 2026
Star Alliance’s New Guangzhou Lounge Arrives as Terminal 3 Takes Over Baiyun Airport
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Star Alliance’s New Guangzhou Lounge Arrives as Terminal 3 Takes Over Baiyun Airport

Star Alliance has opened a 24-hour lounge in Guangzhou Baiyun Airport’s new Terminal 3, replacing its previous facility as the airport shifts all airlines from Terminal 1. The 1,400-square-metre lounge seats 245, features a large outdoor garden, and is open to premium and elite Star Alliance passengers. Ten Star carriers operate about 1,500 weekly departures from Guangzhou. Terminal 1 parking and rail links are closing.
May 8, 2026
Pentagon’s $500 Million Scale AI Deal Puts Big Tech’s War Work Back in the Spotlight
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Pentagon’s $500 Million Scale AI Deal Puts Big Tech’s War Work Back in the Spotlight

The Pentagon has raised Scale AI’s contract ceiling to $500 million, expanding the startup’s role in military data sorting and decision support. The agreement, five times larger than the previous $100 million award, covers computer vision and generative AI tools. Scale’s systems will operate on both classified and unclassified networks. The move follows new classified-network deals with Google, OpenAI, and Microsoft.
May 7, 2026
Geely-Ford Spain Plant Deal Could Give Chinese EVs a Faster Route Into Europe
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Geely-Ford Spain Plant Deal Could Give Chinese EVs a Faster Route Into Europe

Geely has agreed to buy Ford’s idle Body 3 assembly hall at the Almussafes plant near Valencia, according to La Tribuna de Automoción, giving the Chinese automaker a European production base. Ford has not confirmed the deal. The hall previously built Mondeo, S-Max, and Galaxy models, but now sits unused as Valencia output fell 18% last year. EU tariffs on Chinese EVs reach up to 35.3%.
May 7, 2026
Nvidia Bubble Question Returns After AI Chip Rally Sends Nikkei To Record High
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Nvidia Bubble Question Returns After AI Chip Rally Sends Nikkei To Record High

Japan’s Nikkei closed at a record 62,833 on Thursday, jumping 3,320 points as investors poured into AI and semiconductor stocks after the Golden Week break. The surge revived debate in Japanese media over whether Nvidia’s valuation and the broader AI-chip rally are sustainable. Local reports flagged risks of overheating and market concentration. Economist Emin Yilmaz warned that Nvidia’s market cap surpassing Japan’s GDP signals bubble-like conditions.
May 7, 2026
RTL Stock Slump Puts Sky Deal and Streaming Bet Under the Microscope
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RTL Stock Slump Puts Sky Deal and Streaming Bet Under the Microscope

RTL Group shares fell 0.46% to 32.68 euros late Thursday, extending a 13.56% five-day slide amid questions over the broadcaster’s outlook. The stock dropped after RTL paid a 5.50 euro dividend linked to the RTL Nederland sale. The company will report first-quarter results May 13 and plans to close its Sky Deutschland acquisition June 1. EU regulators cleared the deal, which will create a group with 12.3 million subscribers.
May 7, 2026
DNO Tawke Restart Stalls: Kurdistan Oil Output Still Shut as Genel and ShaMaran Feel Iran War Hit
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DNO Tawke Restart Stalls: Kurdistan Oil Output Still Shut as Genel and ShaMaran Feel Iran War Hit

DNO has restarted limited field work at the Tawke license in Iraqi Kurdistan, but oil production remains halted due to security concerns after U.S.-Israeli strikes on Iran. Genel Energy reported first-quarter Tawke output fell to 52,800 bpd, with its shares down 3.77% in London. DNO’s net profit for the quarter was $51 million, with North Sea output offsetting lower Kurdistan volumes.
May 7, 2026
France Fuel Prices Shift Before May 8 Long Weekend As Diesel Falls And Gasoline Edges Higher
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France Fuel Prices Shift Before May 8 Long Weekend As Diesel Falls And Gasoline Edges Higher

Diesel prices in France fell 1.1 cents to €2.216 per litre on Thursday but stayed above €2.20, according to official data. TotalEnergies capped holiday weekend prices at €2.09 for diesel and €1.99 for gasoline across its network. Government figures showed 96% of stations had no supply issues, though local queues were possible. Brent crude traded at $101.98 a barrel after reports of tensions over the Strait of Hormuz.
May 7, 2026
Why Rheinmetall Stock Sold Off Even as Its Order Book Hit €73 Billion
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Why Rheinmetall Stock Sold Off Even as Its Order Book Hit €73 Billion

Rheinmetall shares dropped 6.94% in Xetra trading after first-quarter results showed slower sales growth, despite operating profit rising 17% to €224 million. The company kept its 2026 guidance and reported an order book of €73 billion, but order intake fell 55% from last year’s surge. Naval Systems contributed €77 million in March sales after the NVL acquisition. CEO Armin Papperger expects stronger second-quarter sales and orders.
May 7, 2026
Greenland Ice Melt Is Surging Sixfold — Why Scientists Say Sea-Level Risk Is Rising
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Greenland Ice Melt Is Surging Sixfold — Why Scientists Say Sea-Level Risk Is Rising

Greenland’s ice sheet meltwater production has increased sixfold since 1990, with seven of the 10 most extreme melt events occurring after 2000, a University of Barcelona-led study reports. The area affected by extreme melt expanded by 2.8 million square kilometers per decade, and meltwater volume rose from 12.7 to 82.4 gigatons per decade. NASA data show Greenland lost about 264 billion metric tons of ice annually between 2002 and 2025.
May 7, 2026
New Cork-France Ferry Route Opens In June As Hibernia Line Bets On Six Weekly Sailings
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New Cork-France Ferry Route Opens In June As Hibernia Line Bets On Six Weekly Sailings

Hibernia Line has opened bookings for a new Cork-to-Boulogne ferry service starting June 12, with six weekly sailings each way for passengers and freight. The company expects to carry over 250,000 passengers a year using two vessels, St Patrick and MV Akka. The €20 million investment creates up to 250 jobs in Ireland and France, including 200 crew roles. Crossings will take about 21.5 hours.
May 7, 2026
Bitcoin Price Holds $80,000 As Tom Lee Says Rare Signal Points To Crypto Bull Market
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Bitcoin Price Holds $80,000 As Tom Lee Says Rare Signal Points To Crypto Bull Market

Bitcoin traded near $80,134 Thursday, down 1.6% after hitting $81,670, as spot bitcoin ETFs drew $1.68 billion in inflows from May 1–6, Farside data showed. Fundstrat’s Tom Lee told MarketWatch institutional buyers are returning, while John Bollinger said his trend model turned positive. Ether traded at $2,301.31, down 2%. Lee’s Bitmine may slow Ethereum purchases, he said at Consensus Miami.
May 7, 2026
Oil Prices Are Falling. Germany’s Cars And Buses Still Face A Hidden Supply Shock
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Oil Prices Are Falling. Germany’s Cars And Buses Still Face A Hidden Supply Shock

Some German automakers face shortages of Group III base oils used in synthetic motor oils, as supplies remain stuck in the Mideast Gulf amid continued closure of the Strait of Hormuz, Argus Media reported. European spot prices for a key Group III grade have risen 70% since the war began. Brent crude swung sharply on Thursday, dropping to $96.44 before rebounding above $101 as traders reacted to mixed signals on a U.S.-Iran deal.
May 7, 2026
UK Stock Market Today: FTSE 100 Slides as Shell, BP and BAE Drag London Lower
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UK Stock Market Today: FTSE 100 Slides as Shell, BP and BAE Drag London Lower

London’s FTSE 100 fell 1.6% to 10,276.95 on Thursday, led lower by Shell, BP and BAE Systems as oil prices dropped and investors unwound gains. Shell slid 2.9% despite strong earnings and a dividend hike; BP lost 2.6% as Brent crude fell below $100. BAE Systems dropped 4.7%. The FTSE 250 rose 0.2%, helped by Helios Towers, which jumped 14.3% after raising its profit outlook.
May 7, 2026
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Stock Market Today

  • American Tungsten & Antimony Advances Tennessee Mountain Tungsten Project with Maiden Drilling Program
    May 26, 2026, 12:51 AM EDT. American Tungsten & Antimony (ASX:AT4) confirmed high-grade tungsten at its Tennessee Mountain project in Nevada through surface sampling, with channel samples returning up to 4,713ppm tungsten (0.59% tungsten oxide). Elevated molybdenum levels further indicate a fertile W-Mo skarn system. The company is preparing a 29-hole, 3,000m maiden drill program to test mineralisation depth and lateral extensions beyond historic workings. Managing Director Andre Booyzen emphasized that the scale and continuity of the anomaly supports exploration potential and systematic testing. This drilling milestone aims to generate data for a potential JORC-compliant mineral resource, advancing AT4's strategy to develop a US-based critical minerals supply chain.