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EU Reaches Deal On Updated Air Passenger Rights Rules

Final Compromise Achieved After Protracted Negotiations

EU negotiators have reached an agreement on updated air passenger rights rules following months of discussions between member states and the European Parliament. The compromise largely preserves the existing compensation framework for flight delays and cancellations.

Maintained Compensation Framework With Clear Guidelines

Sources cited by Politico indicate that passengers will continue to be eligible for compensation after delays of three hours or more. Compensation remains set at €250 for flights up to 1,500 kilometres and €400 for flights between 1,500 and 3,500 kilometres. For flights exceeding 3,500 kilometres, passengers will receive €300 for delays of between three and four hours, rising to €600 for delays exceeding four hours or in cases of cancellation.

Enhanced Passenger Notification Requirements

Airlines will be required to simplify the compensation process by providing passengers with a direct link to a dedicated claims form within 48 hours of the scheduled arrival time of a delayed or cancelled flight. Information must be delivered through a reliable communication channel, such as email, rather than relying solely on app notifications.

Carriers will also need to explain the reasons behind delays or cancellations, including cases where they invoke extraordinary circumstances that exempt them from compensation obligations. Once a claim is submitted, airlines will have 30 days to either pay compensation or provide a reasoned explanation for rejecting the request. Additional time may be granted for claims submitted in paper form.

New Regulations In Cabin Baggage Pricing Transparency

The agreement also addresses ticket pricing transparency. Under the proposed rules, airlines will be required to clearly display fares that include cabin baggage rather than only the cost of tickets covering small personal items stored under a seat. Passengers will still be able to choose lower-cost fares that exclude trolley-sized carry-on baggage.

Looking Ahead

Member state ambassadors are expected to review the proposal on Friday, according to the Cypriot presidency of the Council of the European Union. Approval by the relevant EU institutions would clear the way for final adoption of the revised passenger rights framework, with ratification expected by June 15.

Apple Surpasses Nvidia As Investors Reassess The True Cost Of The AI Boom

Apple Reclaims Title As World’s Most Valuable Company

Apple has overtaken Nvidia to become the world’s most valuable publicly traded company again, highlighting a shift in investor sentiment as markets reassess the costs and returns of the artificial intelligence boom.

Apple Regains The Top Spot

Apple (AAPL) ended Monday with a market capitalization of $4.95 trillion, surpassing Nvidia (NVDA), whose valuation fell 5% to $4.77 trillion. It was the first time since April 2025 that Apple closed a trading session ahead of the AI chipmaker.

The move comes ahead of Apple’s quarterly earnings report on Thursday, which investors will closely watch for updates on the company’s AI strategy and broader business performance.

Investors Reassess AI Spending

Nvidia’s decline reflects a broader pullback in AI-related semiconductor stocks as investors increasingly scrutinize the returns on heavy infrastructure spending. The company had held the top valuation since June 2025, when it overtook Microsoft, and briefly surpassed a $5 trillion market capitalization in October.

At the same time, investor interest has broadened beyond graphics processing units to other parts of the AI supply chain, including memory and storage technologies that support expanding data center capacity. Companies such as Micron Technology (MU), SK Hynix and Sandisk (SNDK) have benefited from that shift as demand for AI-related memory and storage infrastructure continues to grow.

Apple’s Capital Strategy Draws Attention

Apple shares have gained 24% so far this year, compared with a 4% increase for Nvidia.

Investors have viewed Apple’s more measured AI spending strategy favorably. Rather than investing heavily in its own AI infrastructure, the company has relied more extensively on leased computing capacity, limiting capital expenditure while continuing to expand its AI capabilities.

The contrast comes as markets increasingly focus on how quickly large AI investments can generate sustainable financial returns.

Earnings In Focus

Apple’s earnings report could also provide an update on the impact of the global memory chip shortage, which has emerged as a growing challenge for hardware manufacturers.

The company raised prices for some Mac and iPad models in June, becoming one of the first major consumer technology companies to publicly reflect higher memory component costs.

Investors will be watching whether Apple can sustain its recent market outperformance as AI-related infrastructure costs continue to rise and supply constraints persist.

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