AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Federal Judge Rules Trump Administration Unlawfully Halted EV Charger Funding 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Asiana Airlines has filed a criminal complaint against Gategroup for allegedly colluding with former Kumho Asiana Group Chairman Park Sam-koo in bringing down to 133.3 billion won in 2016 the price it paid for the exclusive right to serve its in-flight meals on its planes until 2047.
At that time, the exclusive right was estimated to be worth around 500 billion won.
Asiana Airlines also launched a civil complaint to have the Swiss catering service provider's 30-year in-flight meal contract terminated.
The legal steps are seen as part of Asiana's efforts to limit any potential harm to Korean Air, which has been moving forward with its takeover of the country's second-largest airline.
Asiana stated that criminal and civil suits were filed in March and January, respectively, but declined to comment on the continuing legal proceedings.
Gategroup's former Chairman Xavier Rossinyol, former Asia-Pacific President Jann Fisch, and two other key officials are reportedly suspected of colluding with Park when he authorized the Swiss company to pay only 133.3 billion won in 2016.
Park has been charged with urging Gategroup to purchase 160 billion won in bonds with warrants for cash-strapped Kumho Buslines in exchange for the exclusive right to sell in-flight meals.
Asiana is expected to take additional measures to terminate its contract with Gategroup, depending on his sentencing next month.
Unless the arrangement is terminated, Asiana will be required to guarantee Gategroup a set amount of profit by 2047, which could cost the airline at least 250 billion won, putting Korean Air in a serious financial position.
Korean Air is awaiting clearance from international antitrust regulators for its takeover of Asiana, which received provisional approval from the Korea Fair Trade Commission in February.
