Samantha Hurst
Regional Sales & Marketing Manager for Mid-Atlantic

Hello. Good afternoon, everyone. Thank you so much for joining us. We are just hitting the top of the hour. So we are going to get started because if you’ve ever joined one of these Expeditors events before, you know we typically have quite a bit of content to cover, and today is no exception. So you are joining us for our trucking and transition webinar. We’re going to focus today on what’s changing in the U.S. trucking and honestly, North America market and why that matters to you and your business. So we’re going to go into a little bit of housekeeping today.

My name, by the way, is Samantha Hurst. I’m the one you get the e-mails reminding you that you have signed up for this event. And if you have any questions in the background or technical difficulties, we’re going to drop a few hints here in the chat in just a moment on some things we know people commonly have issues with like echoes of my voice, if you’re hearing that, I’m very sorry. But we’ll give you some hint on how to fix that. And then we will go into introductions of our speakers.

So Angi, you were right to go to that disclaimer. That’s the first thing I want to talk about for everyone. Understand we are not legal experts. We cannot give you advice that should be relied upon from a legal business or financial decisions. We are here

Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears.

All eyes are on the hotly-awaited market debut of Elon Musk’s SpaceX, which has made history with the biggest-ever initial public offering. The IPO raised a record $75 billion, valuing the rocket and spacecraft manufacturer at $1.77 ‌trillion and making ⁠Musk the ⁠world’s first trillionaire.

President Donald Trump said on Thursday that a peace deal could be signed as soon as this weekend, hours after threatening more strikes on Iran. He said negotiations with Tehran had advanced to the highest levels of Iran’s leadership and had been approved by a broad coalition of regional powers.

Trump’s remarks follow repeated bouts of optimism from the president that have failed to yield a deal, rattling market sentiment.

Nonetheless, “This does look perhaps a bit more tangible than we have had,” said Ray Attrill, head of FX strategy at the National Australia Bank.

“If we hear something from Iran that sounds positive, the odds (of a peace deal) are clearly going to flip quite dramatically.”
The ⁠deal, if ‌confirmed, would be the most significant diplomatic breakthrough yet to end the three-month-old war, which has sent global energy prices sharply higher. The European Central Bank had to raise interest rates for the first time in nearly three years to ⁠nip war-driven inflation in the bud. Oil prices slumped to two-month lows on the news of an agreement. U.S. West Texas Intermediate (WTI) crude futures fell 1.9% to $86.08 a barrel, on top of a 2.6% drop overnight. Brent dropped 1.5% at $89.08 per barrel, having fallen nearly 3% overnight.

Japan’s Nikkei rose 4.3%, while Australia’s resources-heavy shares climbed 1.8%. South Korea’s KOSPI surged 8.3%.

Overnight, Wall Street rallied with the three major indexes registering their biggest daily gains since April 8 when the U.S. and Iran agreed to a temporary ceasefire. The Nasdaq jumped 2.5%, helped by expectations of a strong market debut of Musk’s SpaceX.

Data showed that U.S. producer prices increased more than expected in May, leading to the largest annual gain in 3-1/2 years as ‌the Middle East conflict drove up energy prices. On the labor market front, the number of Americans filing claims for unemployment benefits increased marginally last week, pointing to continued labor market resilience in early June.

Treasuries gained as hopes of a peace deal in the Gulf led markets ⁠to trim bets of a rate hike from the Federal Reserve this year. Pricing for a hike in October has come back to 36% from 51%.

Two-year Treasury yields were steady at 4.066% on Friday, having slumped 6 basis points overnight. The benchmark 10-year Treasury yields held at 4.4631%, after falling almost 8 bps overnight.

The dollar nursed losses on lower yields. The dollar index , which measures the greenback against its major peers, held at 99.78, having lost 0.4% overnight.

It edged up 0.1% to 160.19 yen, after retreating 0.4% on the prior session. Traders are still on high alert for any intervention from Japanese authorities as the yen stays below the critical 160 level.

Precious metals caught some relief from the lower dollar. Spot gold rose 0.2% to $4,222 an ounce, following a 3.5% jump overnight, while spot silver rose 0.3% to $67.52 an ounce, after a 5.8% gain. (Reporting by Stella Qiu Editing by Shri Navaratnam)

South Korean stocks staged a powerful rally on Friday, with the KOSPI rallying as much as 8.5%, on course to end a volatile week on a high. Improved sentiment was driven by growing optimism over a possible easing of tensions in the Middle East after U.S. President Donald Trump said a deal with Iran could be reached as early as this weekend.

The benchmark KOSPI jumped 660 points, or 8.5%, to 8,424. The surge helped the index finish the week up 3.2%, reversing some of the damage from the previous week when it had fallen 3.7% amid a sharp global selloff in AI and technology stocks.

Despite the turbulence, the KOSPI remains the world’s top-performing stock index this year. The benchmark has surged 94% so far in 2026, largely powered by a rally in semiconductor stocks tied to the artificial intelligence boom.

Technology heavyweights led Friday’s advance. Samsung Electronics climbed 12.21%, while rival SK Hynix gained 8.85%. Battery maker LG Energy Solution rose 6.11%. Automakers also joined the rally, with Hyundai Motor advancing 6.03% and affiliate Kia Corp adding 4.81%. Steel producer POSCO Holdings gained 6.84%, while Samsung BioLogics edged up 1.01%.

The rebound came after Trump said on Thursday that the United States and Iran could sign a peace agreement as soon as this weekend, a move that would reopen the Strait of Hormuz to shipping. Iran, however, said it had not yet made a final decision on any agreement.

Trump also said discussions with Iran had been elevated to the highest levels of the Iranian leadership and received approval. According to him, key elements of the proposed agreement had been approved “in both concept and great detail” by parties including the United States, Israel, Saudi Arabia, the UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan and Egypt, among others.
Friday’s rally capped a week marked by extreme volatility. The KOSPI triggered “sidecar” trading curbs in four sessions, including Friday. Earlier in the week, circuit breakers were activated for the third time this year and the ninth time on record.Only days earlier, the world’s best-performing equity market had been caught in the global technology rout. AI and semiconductor stocks, the standout winners of 2025 and 2026, came under intense pressure as investors questioned whether the rally had run ahead of underlying fundamentals. The impact was particularly severe in South Korea, one of the markets most exposed to the AI supply chain, with index tumbling as much as 8% in a single session this week.

The pullback came despite a powerful long-term growth story. Demand for AI infrastructure has surged over the past year as technology companies worldwide race to develop advanced AI models and expand computing capacity. That has fuelled robust demand for high-bandwidth memory chips and channeled investor interest into South Korean chipmakers, which occupy a critical position in the global AI supply chain.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

A viral social media video has ignited a renewed scrutiny of foreign-run businesses and their payment practices in Thailand. The clip, originating from a Chinese TikTok user, alleged that a Chinese noodle shop in Bangkok’s Huai Khwang district refused Thai baht and demanded payment solely in Chinese renminbi.

Abstract

The user further claimed that the bill was increased when forced to pay in the foreign currency, leading to confusion and anger. This incident has raised significant questions about whether foreign-operated businesses are circumventing Thailand’s official financial system, potentially violating Thai laws concerning currency exchange, payment systems, and taxation.

Key Points

Potential Legal Ramifications for Non-Compliance

If the allegations are proven true, the restaurant’s alleged practices could trigger multiple legal violations under Thai law. These include the Exchange Control Act for unauthorized foreign currency transactions, the Payment Systems Act for using unlicensed payment channels, and tax laws for income evasion and failure to issue receipts. Furthermore, the Foreign Business Act could be implicated if Thai nominees are used to facilitate foreign ownership and operation, carrying potential jail time. Anti-money laundering concerns also arise if transactions are designed to bypass Thailand’s banking and tax systems, directly repatriating funds to China.

Urgent Verification and Enforcement Measures

The president of the Association of Thai Travel Agents has called for urgent verification of the incident’s authenticity by government agencies. While emphasizing the need for facts before drawing conclusions, he stressed that decisive legal action must be taken if the allegations are substantiated to protect Thailand’s trading standards and monetary sovereignty. He advocated for businesses to integrate fully into the Thai banking system, such as through PromptPay or local bank accounts, warning against reliance on foreign payment applications. Authorities are also urged to conduct broader inspections in affected districts, covering business operations, hygiene, and product compliance.

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