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Plus, a blow to Beijing’s economic-reform camp, a mega IPO and a debate over whether U.S.-China diplomacy can survive their rivalry.
Plus, the chip meltdown worsens.
Singapore Airlines posted its first quarterly net loss since 2022 despite higher revenue, dragged by soaring jet-fuel prices amid Middle East tensions and a higher share of losses from Air India.
Analysts’ models are assuming new efficiencies, but some of the numbers look too good to be true.
Meta’s data-center project priced a $12.5 billion offering with a higher interest rate than a similar deal last year, as AI companies flood the market with new debt.
Zelensky has repeatedly changed course after street protests, in a contrast with Putin’s one-man rule.
President Trump said that talks with Iran were taking place. In response, Brent crude further declined while Treasurys strengthened and the dollar fell.