Tensions in West Asia flare up again, Crude oil rises amid escalation, Zverev triumphs at Roland Garros, Philippines earthquake, AI Wrap and more

Summary

Tensions in West Asia flare up again, Crude oil rises amid escalation, Zverev triumphs at Roland Garros, Philippines earthquake, AI Wrap and more Hello and Welcome to CNBC-TV18's Newsletter. Today, we take a look at the rising tension in the Persian Gulf amid a fragile ceasefire, A Zverev triumphs at the French Open, a massive 8.1 magnitude earthquake in the Philippines, Israel's strike on Iran despite Trump's restraint and more. 📅DATA ON DAY 📅 Data Set To Be Announced Today Includes: Japan GDP Growth Annualised Final Q1 Japan Bank Lending YoY MAY Indonesia Foreign Exchange Reserves MAY US Consumer Inflation Expectations MAY Mexico Auto Production YoY MAY Israel strikes Iran again even as Trump said he will tell Netanyahu not to retaliate Israel carried out fresh strikes on military targets in western and central Iran on early Monday (June 8) morning, disregarding US President Donald Trump's call to exercise restraint amid ongoing negotiations between Washington and Tehran. Crude oil prices rebound after Iran-Israel deterioration puts ceasefire in jeopardy Crude oil prices have rebounded in early Asian trading on Monday, June 8, after Iran firing several rounds of missiles towards Israel has threatened to end an already fragile ceasefire in West Asia. Earthquake of magnitude 8.2 strikes Philippines, Tsunami warning issued Officials issued tsunami warnings after a strong magnitude 7.8 earthquake struck off the southern Philippine island of Mindanao on Monday, with no immediate reports of deaths or major damage. Hot day ahead for Delhi; heavy rain likely in south and Northeast as monsoon pushes further A wetter start to the week is in store for large parts of India as the southwest monsoon continues its advance. The India Meteorological Department (IMD) has forecast heavy to very heavy rainfall across parts of southern and northeastern India on Monday, June 8, while Delhi and northwest India are likely to remain hot. Zverev fights off Cobolli for maiden Grand Slam title at French Open Alexander Zverev finally shattered the barrier between himself and Grand Slam glory by grinding down a stubborn Flavio Cobolli 6-1 4-6 6-4 6-7(5) 6-1 in the French Open final on Sunday to lift his maiden major trophy at Roland Garros. South Korea's KOSPI falls over 8%, triggers trading halt; Samsung, SK Hynix sink over 10% Shares of Samsung Electronics and SK Hynix fell as much as 11% and 10%, respectively, before attempting a recovery from the opening lows. Memory chip stocks on Wall Street had sold off sharply last Friday, with Nvidia declining over 6%, while AMD, Micron, Sandisk and Western Digital shares tanking anywhere between 11% and 13%. Airline profits to fall 50% on the back of Middle East war, fuel prices: IATA's 2026 forecast The global airline industry's profitability is expected to halve in 2026 as the ongoing Middle East conflict and a sharp surge in fuel prices weigh heavily on carriers worldwide, according to the International Air Transport Association's (IATA) latest industry outlook. Zee Entertainment board to consider equity fundraising on June 10; stock in focus Shares of Zee Entertainment Enterprises Ltd. (ZEEL) will be in focus on Monday, June 8, after the company announced that its board will meet on June 10 to consider a fund-raising proposal through the issuance of equity shares or instruments convertible into equity. Motilal Oswal buys stake in this outperforming stock via block deals on Friday Shares of Sterlite Technologies Ltd. will be in focus on Monday, June 8, after Motilal Oswal Mutual Fund acquired 36.48 lakh shares of the company through a bulk deal. Structural deficiencies found at Khan Global Studies in Patna during fire audit: Officials Bihar Police on Sunday found several structural deficiencies at Khan Global Studies (KGS) in Patna during a fire audit and said notice will be issued to the institute for rectifying the shortcomings within a week, officials said. 🤖AI WRAP🤖 GOOGLE-SPACEX INK A $32B CHIP DEAL APPLE REBUILDS SIRI With Google Gemini WALL STREET POSTS WORST DAY SINCE OCTOBER REID HOFFMAN QUITS MICROSOFT BOARD SOUTH KOREA PICKS FIRST FEMALE P-M IN 20 YEARS OPENAI CHIP ENGINEER DEFECTS TO ANTHROPIC AMAZON UNVEILS TALKING WAREHOUSE ROBOT