European Commission President Von der Leyen said the EU must adjust its strategic posture in the Arctic alongside Canada to defend shared values.

Two sources said US oil majors Exxon Mobil (XOM.N) and Chevron (CVX.N) have canceled plans to send executives to next week's ADIPEC oil conference in the UAE, citing security concerns.

Bank of Korea voting member Hwang Kunil said the recent pace of Korean won appreciation has been slightly faster than expected and authorities should focus on exchange-rate volatility and the speed of moves rather than levels. He attributed the run-up to a surge in dollar inflows from global AI infrastructure spending, which has lifted demand for SK Hynix and Samsung specialty memory chips. He added that, after adjusting for Korea’s large current-account surplus and foreign-investor rebalancing, downward pressure on the exchange rate still exists.