Singapore Airlines' half-year profit falls nearly 44% as fuel costs rise
Net profit of S$134 million exceeded the Visible Alpha consensus of S$65.3 million, while revenue increased 16.8%.
Globe And Street: global business and finance news
Energy & Commodities
Uzbekistan wind and battery project nears full operation
The €232 million Nukus 2 project has 25 turbines generating power, with battery commissioning targeted for completion by the end of November 2026.
Companies
SoftBank posts ¥1.1 trillion quarterly loss after US data center setback
The Japanese technology investor recorded a $3.7 billion loss tied to equipment spending for revised AI infrastructure projects.
- WorldAzerbaijan and Ukraine sign cooperation agreements spanning 14 sectors
- MarketsUS yields rise and stocks fall as inflation strengthens case for larger Fed hike
- Economy & PolicyJapan factory confidence reaches highest level since August 2021
- CompaniesSingapore Airlines' half-year profit falls nearly 44% as fuel costs rise
- IPO & DealsProximal Ventures secures $27.5 million for debut AI healthcare fund
- Energy & CommoditiesUzbekistan wind and battery project nears full operation
- Crypto & Digital AssetsPNC and Coinbase plan stablecoin payment pilot for business clients
- FinanceSequoia to close London office and end Arc and Scouts programs
- TechOpenAI adds business profiles and customer chat agents to ChatGPT
Azerbaijan and Ukraine sign cooperation agreements spanning 14 sectors
The countries adopted a 2026-2027 action plan as official figures showed bilateral trade increased 10.5% in the first eight months of 2026.
US yields rise and stocks fall as inflation strengthens case for larger Fed hike
October consumer prices rose 0.4%, exceeding economists’ forecasts, while core inflation also came in above expectations.
Japan factory confidence reaches highest level since August 2021
Electronics makers led the improvement in November, while confidence among non-manufacturers reached its highest level since June 2018.
OpenAI revenue reaches $10 billion as operating losses widen
The ChatGPT maker's adjusted operating margin improved to -109%, according to a media report citing investor documents.
Proximal Ventures secures $27.5 million for debut AI healthcare fund
Founder Sahir Raoof is targeting early-stage businesses that use AI to improve pharmaceutical services, with seven startups already in the portfolio.
US power consumption set for new records through 2027, EIA says
The agency attributes rising demand largely to AI data centers, alongside greater use of electricity for heating and transportation.
PNC and Coinbase plan stablecoin payment pilot for business clients
Eligible clients will receive Circle’s USDC, with payments automatically converted into US dollars.
Sequoia to close London office and end Arc and Scouts programs
The venture capital firm says it has raised roughly $10 billion in new funds while combining investment teams and reducing internal hierarchy.
OpenAI adds business profiles and customer chat agents to ChatGPT
The initial rollout of Business Agents is limited to eligible U.S. e-commerce and online service businesses.