Tom McKenzie

News when you want it with Bloomberg News Now.

I'm Tom McKenzie.

There are signs this morning that China is becoming a growing pressure point for European trade.

Sources tell Bloomberg that Beijing has been dragging its feet on approvals for Airbus plane deliveries as EU regulators take time to certify China's domestically made aircraft.

And despite being the world's largest commercial jet maker, Airbus delivered its fewest jets to China in the first quarter since 2009.

The reporting comes as Brussels prepares possible new measures to counter China's export surge and widening trade imbalance with Europe.

Jens Eskeland is president of the European Union Chamber of Commerce in China.

Eskelen's comments come as a new survey from the Chamber shows European firms and China becoming more optimistic about their business outlook.

But despite signs of improvement, business confidence remains near historic lows by several measures.

68% of respondents said business conditions in their industry became more difficult over the past year.

The US is again signalling progress in peace talks with Iran, despite fresh hostilities this week and continued uncertainty around the Strait of Hormuz.

Security in the critical energy shipping route remains unclear after both sides exchanged strikes, while the US military pushed back on reports it was helping escort commercial vessels through the Strait.

Republican Senator Rick Scott says reaching any deal with Iran will be difficult.

Florida Senator Rick Scott speaking to Bloomberg after President Trump said negotiations with Tehran to extend the ceasefire and reopen the Strait of Hormuz are continuing.

Computer memory makers are joining the trillion dollar club as investors bet the AI boom will change the sector forever.

Both SK Hynix and Micron saw their market caps break the trillion dollar mark in the past 24 hours.

Bloomberg's markets reporter Anthony Stevens says the surge in Asia tech companies is boosting the market.

Anthony Stevens there.

The KOSPI is up 100% year to date, despite the pessimism around the energy shock that's been driven by firms like Samsung and SK Hynix, which has seen a gigantic 1,000% gain in just the past 12 months.

Bullish investors are hoping an earnings will match that breakneck pace, though some fear any AI slowdown could set back the rally.