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South Korea’s stock market rallied sharply after Samsung Electronics and its labor union struck a tentative agreement that prevented a massive 18‑day strike, sending the KOSPI up more than 8% and boosting major tech and auto stocks.The Tentative Pay Agreement Between Samsung and Its UnionSamsung Electronics and the workers’ union announced a provisional deal on Wednesday night, ending a months‑long standoff over profit‑sharing. The agreement, pending union approval, would allocate 10.5 percent of the firm’s operating profit to its 48,000 employees, sidestepping a planned walkout that threatened global memory‑chip supplies.Market Surge Numbers: KOSPI, Samsung, SK Hynix, AutomakersKOSPI rose 8 percent on the day, extending an 80‑percent year‑to‑date gain.Samsung Electronics shares jumped 7.5 percent.SK Hynix surged 11 percent, reflecting investor confidence in the memory‑chip sector.Hyundai Motor and Kia each climbed about 13 percent, showing spill‑over into non‑tech equities.The chip division’s first‑quarter operating profit hit nearly 54 trillion won (≈$35bn), a near‑50‑fold increase year‑over‑year.Why the Deal Revitalizes South Korea’s Tech‑Driven EconomyThe settlement removes a major labor risk for the world’s largest memory‑chip maker, which commands over one‑third of the global DRAM market and more than a quarter of NAND flash capacity. With AI‑driven demand for chips accelerating, the avoidance of a strike safeguards supply chains and reinforces investor sentiment toward South Korean tech firms, while also buoying related sectors such as automotive manufacturing.Outlook: Labor Relations and AI Chip Demand in 2026‑27Analysts expect continued pressure on Samsung to share a larger slice of its soaring profits, potentially prompting further negotiations. Meanwhile, the AI boom is likely to keep memory‑chip demand high, supporting strong earnings for both Samsung Electronics and SK Hynix. Market watchers will monitor whether the tentative agreement holds, as any relapse could reignite volatility in the KOSPI and global chip supply.

The LeadEleven weeks after the start of the Iran war, the Strait of Hormuz has remained closed to naval traffic, bleeding the global economy far beyond the Gulf. Iran's Islamic Revolutionary Guard Corps (IRGC) maintains an iron grip over this narrow, strategic waterway, while a corresponding United States naval blockade on Iranian ports has failed to reopen it.Before the war began, between 120 and 140 ships travelled through the strait each day, about half of them oil tankers carrying some 20 million barrels of oil between them. Now, only a few vessels whose owners have negotiated with the IRGC are permitted to pass.The Strategic Control of HormuzOn Wednesday, Iran said it coordinated the transit of 26 vessels through the Strait of Hormuz in 24 hours, two days after announcing the formation of the Persian Gulf Strait Authority (PGSA), a new body to provide "real-time updates" on operations in the strait.Since the announcement of a temporary ceasefire between the US and Iran in April, Iran has been working on formalising a mechanism to charge a transit fee from ships crossing the critical chokepoint, through which 20 percent of the world's oil and liquefied natural gas (LNG) are shipped during peacetime.Tehran has reportedly already charged fees as high as $2m per ship for transit since the war started. Even though countries opposing Tehran say this is illegal, it may still be less expensive than the overall cost of the closure of the strait each day.The Economic Cost of BlockadeNearly one-fifth of global oil and LNG exports were shipped by Gulf producers through the Strait of Hormuz before the US and Israel bombed Iran on February 28, triggering the Iranian closure of the waterway. The strait is the only waterway linking Gulf producers to the open ocean – there is no other route through which they can ship exports.About 20.3 million barrels per day of oil passed through the Strait of Hormuz in peacetime – nearly 27 percent of global maritime oil trade. The lion's share of that crude went to Asian markets.Global LNG trade has been similarly hard hit. On the day before the war broke out, Brent crude – the global benchmark for oil prices – closed at $72.48 per barrel. After Iran closed the waterway on March 4 and began attacks on vessels attempting to sail through, traffic came to a standstill, stranding about 2,000 ships on either side of the strait.In terms of lost oil revenues, this amounts to $114.8bn of losses per day. About 10 billion cubic feet of LNG per day also used to pass through the strait, worth a further $7.8bn.The Cost-Benefit Analysis of Transit FeesFor hundreds of ships stranded in the Gulf with thousands of sailors on board, the cost of remaining anchored is steep, including crew wages, loan repayments, repair and management, coupled with inflated war risk premiums.In turn, Iran has reportedly been charging up to $2m for authorisation to pass. Experts say many will see this as worthwhile purely in terms of monetary cost."There is no doubt that paying Iran is cheaper than a continuous blockade because a sitting tanker bleeds money," said Nader Habibi, an Iranian American economist."It makes sense from an economic point of view, but it is not politically feasible," he added. "The companies are under pressure from the US sanctions and not to make arrangements with Iran. This is not just a purely economic cost-benefit analysis, but long-term considerations that are taken into account."International Legal PerspectivesInternational law protects free transit through strategic waters such as natural straits like Hormuz, barring countries from imposing passage tolls even where the waterways fall entirely into territorial waters, like in the case of Hormuz.However, services such as security controls, inspections and insurance regimes can be charged for. Chargeable fees also partly depend on whether a waterway is a man-made passageway or a natural one.These are three different precedents in maritime traffic flow:Panama Canal: An artificial waterway connecting the Atlantic and Pacific oceans. Vessels pass through a unique system of locks that raise and lower vessels across elevated terrain. Since Panama built, maintains and operates the canal, it can charge transit fees based on vessel size, cargo capacity and booking priority. These range from several hundred thousand dollars per transit to some slots sold for millions of dollars.Suez Canal: Another artificial canal, linking the Mediterranean and Red seas. Egypt charges transit fees for the use of canal infrastructure, maintenance and traffic management services through the narrow waterway. Container ships and oil tankers pay from several hundred thousand dollars to more than one million dollars per voyage.Turkiye's Bosporus Strait and Dardanelles: These are different because they are natural straits, rather than man-made canals. Turkiye charges for navigation-related services such as lighthouse operations, rescue readiness, medical support and traffic management – and tightly controls ship scheduling and navigation.Regional Cooperation PossibilitiesIran's newly-formed PGSA published a new map of Hormuz, stretching from Kuh-e Mubarak in Iran to south of Fujairah, in the UAE, at the eastern entrance of the strait, and from the tip of Qeshm Island to Umm al-Quwain at the western entrance.Given how the Iran war has spilled over into the Gulf region – with the UAE taking the brunt of Iranian strikes – economist Mohammad Reza Farzanegan said "regional cooperation with Iran is the most realistic path to stable transit through the Strait of Hormuz."The UAE, Oman, Qatar and Iran will have to work together because their economies require it, he argued. A workable arrangement could include a joint maritime authority, shared monitoring, emergency coordination, environmental protection and service-based contributions for maintaining safe passage."This would give Iran a recognised role in the security of the waterway while giving Persian Gulf economies more predictability," Farzanegan added. "Such a framework is also more realistic than relying on external military enforcement, which has been more a source of trouble for these states."The Future OutlookWhile it may seem that the economics of the closure of the strait are currently skewed towards Iran, Aniseh Tabrizi, an associate fellow on the Middle East and North Africa Programme at think tank Chatham House, noted that "the economics by itself is not going to be the driver to change calculation or move from the current standpoint."She emphasized that Iran and the US need to reach a "diplomatic compromise, with other calculations linked in to the economic factor", before there can be an end to the energy supply crisis.Farzanegan added that if the world expects stable access to the Strait of Hormuz, then paying Iran could well be accepted as the price of keeping the vital waterway predictable. "From an economic perspective, a negotiated transit arrangement [with Iran] now makes more sense than continued closure," he concluded.

Air France Flight Diverted Over Ebola Entry BanU.S. Customs and Border Protection halted an Air France flight headed to Detroit when it was discovered that a passenger from the Democratic Republic of Congo had boarded "in error" amid newly imposed Ebola travel restrictions. The aircraft was redirected to Montreal, Canada to prevent a potential public‑health breach.Passenger Boarding Error Triggers Canada DiversionThe CBP spokesperson explained that the traveler should not have been allowed on the plane because of entry limits designed to curb the spread of the Ebola virus. Coordination with the CDC led to the decisive action of diverting the flight rather than allowing it to land at Detroit Metropolitan Wayne County Airport.Key Ebola Statistics and Restriction Timelines600 suspected Ebola cases reported across the region.139 suspected deaths associated with the outbreak.51 confirmed cases in the DRC and 2 confirmed cases in Uganda.Travel restrictions apply to non‑U.S. passport holders who have been in Uganda, DRC or South Sudan within the previous 21 days.The emergency order is effective for 30 days, with additional measures slated to begin on Thursday.Broader Impact on International Travel and Public Health PolicyThe diversion highlights how rapidly evolving health crises can reshape aviation protocols. Flights carrying travelers from affected countries will now be required to land at Washington‑Dulles International Airport, where enhanced screening and quarantine resources are concentrated. This approach aims to balance disease containment with the rights of travelers and the operational continuity of airlines.Outlook: Potential Future Travel RestrictionsHealth officials warn that case numbers are expected to rise, suggesting that stricter entry bans or longer diversion requirements could become standard for flights from the central African region. Airlines may need to implement more rigorous passenger verification processes to avoid similar incidents, and governments could extend the 21‑day travel‑history window or broaden the list of restricted nations.

The upcoming India-Africa Forum Summit has been officially postponed by the African Union and India, marking a significant shift in diplomatic priorities as the Democratic Republic of the Congo battles a resurgence of the Ebola virus.Conflict Zones Complicate the Ebola ResponseThe outbreak has reached South Kivu province, a region currently under the control of the M23 rebels. This development is critical because the area, including the provincial capital Bukavu, is densely populated and difficult to access due to ongoing military conflict. The M23 group, backed by Rwanda, has stated their commitment to working with international partners, yet the presence of the virus in their territory poses a severe logistical challenge for health workers.Alarming Statistics from the WHOAccording to the World Health Organization, this is the 17th outbreak in the DRC. Current figures indicate 600 suspected cases and 139 deaths. The virus has also crossed borders into Uganda, raising the stakes for regional containment. The WHO has declared this an international emergency, signaling that the virus is no longer just a local health crisis but a global threat.Geopolitical Fallout and Aid ShortagesThe postponement highlights the fragility of international cooperation when health crises intersect with political instability. Furthermore, the response is hampered by a sharp decline in foreign aid, particularly from the United States, which has led to shortages of essential supplies for first responders. The decision to delay the summit reflects a recognition that diplomatic engagement is less effective when the health security of the participating nations is compromised.A Long Road to ContainmentThe presence of the virus in rebel-controlled territories suggests that the outbreak will be difficult to contain without a ceasefire. The rescheduling of the India-Africa Summit underscores that public health emergencies often supersede diplomatic agendas, potentially delaying economic cooperation until the crisis stabilizes.

The Deportation Process Israel has begun deporting the hundreds of activists abducted by Israeli forces who stormed a Gaza aid flotilla earlier this week, according to the Legal Center for Arab Minority Rights in Israel, Adalah. The rights group told Al Jazeera on Thursday that most of the roughly 430 abducted activists were being transported to Ramon Airport in southern Israel, from where they would be deported. The rest will be deported from Ben Gurion Airport in Tel Aviv. Global Condemnation The abductions have been widely condemned, with the foreign ministers of 10 countries, including Spain, Brazil and India, slamming Israeli forces’ actions as “blatant violations of international law and international humanitarian law”. Israel’s treatment of the activists has since been condemned by more countries, including several key allies, after far-right National Security Minister Itamar Ben-Gvir posted a video on X on Wednesday of him taunting activists who were kneeling on the floor with their hands tied behind their backs. International Repercussions In response, several countries, including France, Canada, Spain, Portugal and the Netherlands, summoned the Israeli ambassadors to their capitals to express their outrage. Meanwhile, European Council President Antonio Costa said he was “appalled” by Ben-Gvir’s behaviour, calling it “completely unacceptable”. “It really goes to show how much Israeli authorities wanted to make a show out of [this] and how it’s very much an extension of the Israeli treatment towards Palestinians, which obviously gets a lot less of a public outcry,” Miriam Azem, the international advocacy coordinator at Adalah, told Al Jazeera. The Future Outlook Earlier, Turkiye announced it was sending chartered flights to Israel to repatriate some of its citizens and those of third countries, including Spanish nationals. Jordan has confirmed that two of its nationals have returned home via the southern crossing with Israel. Reporting from Ramallah in the occupied West Bank, Al Jazeera’s Nida Ibrahim said the ongoing deportations were the fastest Israel has ever carried out, as it scrambles to contain the public relations damage caused by Ben-Gvir’s video. Ibrahim added that many Palestinians believe the incident has gained more international attention because those mistreated were from foreign countries.

Aston Villa's Historic Europa League Win Aston Villa secured a dominant victory over Freiburg in the Europa League final, with Youri Tielemans scoring a standout goal and Emi Buendía and Morgan Rogers sealing the win. The Europa League Final Details The match took place in Istanbul, with Villa fans erupting in joy as their team claimed their first trophy in 30 years and first European triumph in over 40 years. The Impact on the Premier League Relegation Battle The win also has implications for the Premier League relegation battle, with several teams still fighting to avoid the drop. The final weekend of the 2025-26 Premier League season promises to be intense. Elsewhere in Football News Southampton lost their appeal over 'spygate', with developments emerging on Wednesday. The World Cup squad announcements have begun, with teams preparing for the tournament. What's Next for Aston Villa and the Premier League? Aston Villa's historic win will likely boost their momentum for the upcoming season. Meanwhile, the Premier League relegation battle will continue to intensify as teams fight for survival.

The LeadChinese and Iranian companies are increasingly establishing economic footholds in Russian-occupied Ukrainian regions, particularly in Donetsk and Luhansk, despite international sanctions and Ukraine's territorial integrity concerns. This growing economic integration, described by analysts as "shadow integration," involves Chinese firms supplying construction equipment and telecommunications infrastructure while Iran integrates the occupied territories into its logistical chains.Chinese Companies Establish Economic PresenceIn November 2023, representatives of two Chinese companies signed a deal to supply stone-crushing machinery for construction projects in what they called the "People's Republic of Donetsk," a Russia-backed separatist statelet in southeastern Ukraine. The companies, identified as Zhongxin Heavy Industrial Machinery and Amma Construction Machinery, supplied equipment to the Karansky quarry in the southern Donetsk region, with the crushed stone being used for construction projects in Russia-occupied areas.According to the Eastern Human Rights Group (EHRG), a Ukraine-based think tank, at least 17 Chinese companies operate in the occupied areas, with almost 6,000 Chinese-made relay stations for cellphone connections installed there. Chinese firms are involved in mining, construction, telecommunications equipment supply, and financial services."As Russia integrates its power in the occupied areas and transfers politicians to occupation administrations, Chinese companies carry out another replacement, but in the economy," said Maksym Butchenko from the EHRG.The Economic Transformation of Occupied RegionsThe occupied regions' economy has undergone significant changes since 2014. Out of 94 coal mines that operated in Donetsk and Luhansk (collectively known as the Donbas) before the conflict, only five remain open. The remaining mines "completely reoriented towards working with China and Russia," according to Butchenko.Furthermore, the occupied regions' economy is "totally yuanised" as local businesses use Chinese electronic payment systems through Telegram channels that offer currency exchange and transfers. The yuan is now sold in 79 banks in the occupied areas, creating a financial ecosystem increasingly dependent on China."This is a threatening precedent from the viewpoint of international politics and law because this violates international agreements," Butchenko stated, calling China's approach "shadow integration."Iran's Strategic Economic PartnershipsMoscow reportedly encourages the occupied regions to develop ties with Iran, creating another layer of economic integration beyond China. Tehran buys grain and coal from the occupied territories and "integrates the economy of occupied Donbas into its own logistical chains created after decades of isolation," according to the EHRG.Donskiye Ugli, a Russian coal mining company operating "nationalized" mines in Donetsk and Luhansk, ships the fossil fuel to Iran, according to separatist official Andrey Chertkov. Additionally, local food producers in the occupied territories have begun supplying casein, a milk protein, to Iran."The Kremlin not only gives permission to Iranian companies to enter the occupied areas' market but also encourages them," Butchenko explained, highlighting Russia's active role in facilitating these economic partnerships.International Response and Future ImplicationsBeijing maintains its official position of supporting Ukraine's territorial integrity while calling the Russia-Ukraine war a "crisis." However, unofficially, Chinese companies have "almost captured the entire market in the occupied areas," according to Butchenko.Kyiv has sanctioned Chinese companies operating in the occupied regions, including Alibaba and the China National Petroleum Corporation, and urges Western nations to follow suit. Despite these sanctions, Chinese companies continue to operate, often offering lower prices and technical expertise that is difficult to replace."China is here for good," a business owner in Donetsk told Al Jazeera. "All new equipment here is Chinese from machine tools to ventilators." This growing economic presence, combined with Iran's increasing involvement, suggests that the economic integration of these occupied territories with China and Iran will continue to deepen, potentially creating long-term challenges for Ukraine's territorial integrity and for international efforts to isolate Russia economically.

Executive Summary: Clubs Challenge Southampton’s Expulsion Millwall and Wrexham are assessing legal options following the English Football League’s decision to expel Southampton from Saturday’s Championship playoff final and replace them with Middlesbrough. The clubs argue the disciplinary process was flawed and may pursue compensation. Legal Routes Explored by Millwall and Wrexham After Southampton’s Expulsion The clubs will await the written reasons from the EFL’s independent disciplinary panel, which were upheld on appeal. Their potential arguments include: Misapplication of the EFL rulebook regarding team replacement. Procedural defects in the disciplinary process. Grounds for a claim of damages based on the altered playoff composition. Both clubs have declined to comment publicly. £200m Wembley Prize and Potential Compensation at Stake The playoff final carries a minimum prize of £200 million for the winner. If the final proceeds without Southampton, the displaced clubs could argue for a share of lost revenue. Additional financial penalties already imposed on Southampton include a four‑point deduction for the next Championship season. Implications for EFL Playoff Rules and Future Governance The case highlights gaps in the EFL rulebook, which contains no explicit guidance on replacing an expelled team in the playoffs. The situation raises questions about: Whether the playoffs should be treated as a separate competition from the regular season. How future disciplinary sanctions will be calibrated for off‑field misconduct. The need for clearer procedural safeguards to avoid similar legal challenges. Possible Court Battles and the Road Ahead for the 2026 Playoffs Legal experts note that an injunction to postpone the final is unlikely given the tight timetable, so any claim would be retrospective. Potential outcomes include: A high‑court ruling that the EFL must revise its disciplinary process. Compensation awards to Millwall and Wrexham if the court finds the rulebook was misapplied. Further sanctions against Southampton, including possible charges from the FA. Hull owner Acun Ilicali has already received legal advice suggesting his club could claim automatic promotion, though he is unlikely to pursue that claim within the next 48 hours.

The Symbolic SummitThe hopes and dreams of Palestinian children from Gaza have reached the top of the world as a kite bearing their handwritten messages was carried to the summit of Mount Everest by a team of mountaineers. The group summited the world's highest peak at 10:48am local time (05:03 GMT) on Thursday, Jordanian Palestinian mountaineer Mostafa Salameh, who was spearheading the expedition but did not summit, confirmed in a social media post.The Humanitarian MissionA team of Nepali Sherpas – led by Italian filmmaker and explorer Leonardo Avezzano – carried the kite to ensure that the dreams of children in the besieged Strip could make it "to the top of the world", Salameh told Al Jazeera from the Everest base camp last week. The 56-year-old climber launched this expedition to raise $10m towards medical aid for children in the Strip and draw global attention towards the difficulties they have faced during the Israeli genocide in Gaza.A Personal Connection to Palestine"After months of preparation, sacrifice, training, fear, hope, prayers, and carrying the weight of a message much bigger than themselves… the kite carrying the dreams of the children of Gaza is now flying above the highest point on Earth," Salameh said in a video posted to Instagram. "From the rubble and pain of Gaza … to the roof of the world. A dream refused to die," he wrote in the caption.The Climbers' JourneySalameh, who has previously summited Everest, stayed at the first base camp due to frostbite and a blood clot in his left hand. "Tonight, at 8,848 metres (29,029 feet) in the death zone where every step feels like a battle between life and exhaustion, Leonardo carried that kite with courage, heart, and purpose," Salameh added. "I am so proud of my brother Leonardo for believing in this mission and for carrying the voices, names, hopes, and dreams of children who deserve to be seen by the world."The Explorer's LegacySalameh is one of 20 people to have completed the Explorer's Slam – the accomplishment of reaching the North and South poles and climbing the highest peaks on all seven continents. He has summited Everest four times, the first being in 2008, the year he was honoured with knighthood by King Abdullah II of Jordan. "What I do best is climb mountains," he told Al Jazeera in an interview last week from the base camp. "I did promise lots of people in my life not to go back to Everest, but this is worth it. As a mountaineer, what I can do is bring the story and suffering of every Palestinian child all the way to the top of the world."From Darkness to LightSalameh acknowledged the immense risks – including death – that come with scaling Mount Everest at 8,000 metres with only 15 percent oxygen, but insisted it was "absolutely nothing" compared with what the Palestinians in Gaza have endured. "This time is very personal for me," Salameh said in another video. "This one hits home for the child in me, because I know what it feels like to be a child at a refugee camp, and I feel for the children of Gaza and what they go through."The Path ForwardSalameh said the "mission [was] not accomplished yet" since summiting Everest was only the halfway point; returning to base camp safely was the next goal for Leonardo and his team. "Tonight, the kite flies above Everest; tonight, the dreams of Gaza touched the sky," Salameh said, ending the video with a chant of "Free, Free Palestine". He emphasised that the summit was not only about climbing a mountain but about humanity, hope, and proving that "even from darkness, something beautiful can still rise into the sky."