Roger Petersen

Here are five things you need to know this morning Key chipmaker could be hit by strike: Talks between Samsung Electronics Co. and its largest labour union broke down, raising the prospect of a strike that may disrupt global chip supply and hamper an important engine of Korean economic growth. A general work stoppage will go ahead on Thursday after Samsung’s management rejected a proposal from government mediators that had been accepted by the union, labour leader Choi Seung-ho told reporters.

Here are six things you need to know this morning Oil prices are plunging: Oil and gas prices both plummeted after the U.S. and Iran agreed to a two-week ceasefire aimed at halting the American-Israeli military campaign in exchange for a re-opening of the Strait of Hormuz. Brent fell as much as 16 per cent before trading around US$95 a barrel, while European natural gas futures posted their biggest decline in more than two years, shedding as much as 20 per cent.