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​Asia’s real energy test

SINGAPORE — The past four months have demonstrated just how volatile oil markets can be. In March, Brent crude climbed above $100 a barrel for the first time in four years, reaching $119 on March 9 — its highest level since the 2022 energy crisis — as Iran’s closure of the Strait of Hormuz brought tanker traffic to …

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Latin American governments prepare for El Niño as drought loom

BOGOTA, Colombia — Governments across Latin America are mobilizing firefighters, activating contingency plans and preparing water, energy and transportation systems as El Niño strengthens across the Pacific, raising concerns about drought, extreme heat, flooding and other climate-related disruptions in the months ah…

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Futures Tumble As Latest Chinese "DeepSeek Moment" Sparks Chip Meltdown

A surprise breakthrough from Chinese AI startup Moonshot (which is now at the top of the Frontend code benchmark on Arena) rumbled through global markets, sending chip stocks reeling, as queasiness returned about the industry’s unprecedented spending spree (something we have been warning about for the past year). Mo…

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