South Korea's KOSPI fell 14.5% this week, its largest weekly decline since October 2008.

International Energy Agency seeks to release 20 mln barrels of diesel as soon as possible.

The EU is preparing to accelerate antitrust clearance of Project Bromo, a proposed joint venture by Airbus, Leonardo and Thales designed to build a European satellite champion and reduce reliance on US providers such as SpaceX. The commission has been consulting the three firms for a year to pre‑identify and address competition issues; the companies are expected to file in the coming weeks. If the parties offer remedies such as divestments, the deal could clear the one‑phase preliminary review (just over one month) without a protracted in‑depth investigation. Von der Leyen has signalled political support, but the EU competition commissioner stressed the project must comply with EU competition law.