Highlights:

• Trump Says He Asked China to Delay Xi Summit Due to Iran War — President Trump requested postponing his summit with Chinese leader Xi Jinping by about a month to remain in Washington overseeing the Iran war. Bloomberg Markets

• India Inc. Braces for Earnings Squeeze as Oil Stays Firm — Indian equities face pressure from elevated oil prices affecting corporate earnings. Bloomberg Markets

• Memory Chip Crunch to Persist Until 2030, SK Chairman Says — SK Group's head warns that global memory chip shortages will likely continue for four to five more years due to endemic production constraints. Bloomberg Technology

• Veteran Indian Banker Says New Tools Needed as Deposits Fizzle — Indian banks struggle to attract deposits as equity-focused investors seek alternatives; bankers call for expanded funding options. Bloomberg Markets

• 'Frantic' Markets Seek Clarity On Oil Supply — Oil traders face difficulty forecasting supply as Iranian attacks continue targeting Gulf infrastructure. Bloomberg Markets

• China's Aluminum Industry Draws Raw Material Diverted by War — Chinese aluminum producers benefit from raw materials being rerouted away from the Middle East. Bloomberg Markets

• UK To Invest £1 Billion into Quantum Computing Research, Trials — The UK will spend over £1 billion on quantum computing research over four years as governments prioritize the technology for national security. Bloomberg Technology

• Global Funds Look to Malaysia as Iran War Shakes Up Asian Assets — Malaysia attracts increased global investor interest amid regional asset volatility from the Iran conflict. Bloomberg Markets

• China's AI Boom Risks Job Losses, Regulatory Concerns — Rapid AI expansion in China reduces production costs but raises intellectual property disputes and labor market concerns as Beijing balances tech leadership with social stability. Bloomberg Technology

• Private Credit Default Rates to Reach 8%, Morgan Stanley Says — Morgan Stanley forecasts direct lending default rates will climb to 8% as AI disruption accelerates in the software industry. Bloomberg Markets