Air New Zealand CEO said the airline has offset only 25%-40% of the impact from higher fuel costs through hedging and fare increases.

CSRC Chairman Wu Qing, speaking at the China Securities Investment Fund Association’s fourth member meeting, urged private equity and venture-capital funds to adopt long-termism and professionalism and play a strategic, foundational role in supporting innovation. He called for stronger specialized investment-research capabilities focused on national strategic priorities and key economic sectors, deeper insight into industry and technology trends, and greater capacity to back innovation in uncharted areas—emphasizing earlier, smaller, longer investments and support for hard technology. Wu urged stronger post-investment enablement, including governance optimization and resource matching, to help portfolio companies weather cycles and enhance value. He said regulators and self-regulatory bodies should improve supporting policies, back state-owned capital funds in establishing tolerance-for-error mechanisms and optimized assessment standards, better complement social capital, encourage greater equity allocations from pension, insurance and AIC institutions, and expand fund exit channels to smooth the fundraising–investment–management–exit cycle.

TASNIM NEWS: Iraq's prime minister said he plans a formal visit to the United States in the near term, accompanied by a delegation of Iraqi businessmen and entrepreneurs.