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ICE arrests 10,000 in 5 days, marking sharp late-June surge

Immigration and Customs Enforcement arrested 10,000 people over a five-day period at the end of June, marking a major push by the agency tasked with carrying out the Trump administration’s mass deportations agenda.

The arrest numbers, obtained from a person familiar with the information who spoke anonymously to discuss data that has not been publicly released, comes after the agency shifted its approach from high-profile arrest sweeps in major American cities to quieter ways to reach President Trump’s deportation goals.

The figures indicate that while the administration is no longer cracking down on individual cities, the arrests continue and are surging.

The total number of arrests during the five-day period starting Friday and ending Tuesday translates to roughly 2,000 arrests per day. It was not clear where the arrests had taken place.

The spike in arrests was first reported by The New York Times.

“Since Day One, DHS law enforcement has been delivering on President Trump’s promise to the American people to arrest and deport criminal illegal aliens including murderers, rapists, pedophiles, gang members, and terrorists,” said the Department of Homeland Security in a statement. “Our message is clear: if you come to our country illegally, we will find you, we will arrest you, and we will deport you.”

The arrests news also comes as the number of people entered into ICE detention facilities climbed in June to roughly 39,000 after hovering near 30,000 per month since February, according to information obtained by the Associated Press.

ICE doesn’t publicly release arrest data, making exact comparisons with previous periods difficult. But according to data provided to UC Berkeley’s Deportation Data Project and analyzed by The Associated Press, 2,000 arrests per day would mark a sharp increase over previous periods.

December had the most ICE arrests since the beginning of the Trump administration, and that month only averaged 1,283 arrests per day nationwide.

In January, at a time when the administration flooded the streets of Minneapolis and surrounding regions with hundreds of immigration enforcement officers, arrests averaged about 1,212 per day across the country.

But that proved to be a turning point in the Trump administration’s mass deportations agenda after two American citizens were killed by immigration officers while protesting the crackdown in Minneapolis.

Border advisor Tom Homan started drawing down the number of officers in Minnesota as the agency stepped back from the flashy surge operations that had been common during the tenure of then-Homeland Security Secretary Kristi Noem.

Operations under Noem, headed by former Border Patrol Chief Gregory Bovino, were marked by frequent clashes between immigration enforcement officers and protesters in footage that was often splashed across the Department’s social media channels.

In February, immigration arrests fell to 1,057 a day, according to information from the Deportation Data Project. The Project sued through the Freedom of Information Act to obtain the ICE arrests data, and it is only current through February.

After Noem was fired, her successor at Homeland Security, Markwayne Mullin, suggested he’d be taking a more low-profile approach to immigration enforcement and he aimed to get the department out of the headlines. But Mullin was expected to adopt Trump’s priorities on immigration.

Santana writes for the Associated Press.

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EU allocates steel import quotas to trading partners to curb import surge

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The EU has allocated import quotas for steel to its trading partners on Tuesday in an attempt to fight growing overcapacity from foreign producers.


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The measure comes amid rising tensions between the EU and china China, where most of the global steel surplus originates.

Seeking to shield its market from global overcapacity, EU legislators agreed last April to increase existing tariff-free steel quotas to 18.3 million tonnes per year while doubling tariffs beyond those quotas to 50 percent

The EU’s closest allies, such as the UK, Switzerland and Ukraine, are concerned that their own exports to the EU could be drastically affected by the new measures, and have heavily lobbied the European Commission in recent weeks for preferential access to the EU market.

“We are providing market participants with predictability through clear and transparent quota distribution rules, while applying a fair and objective methodology,” EU Trade Commissioner Maroš Šefčovič said in a statement.

Protectionist move

The protectionist move comes as global steel overcapacity is expected to grow to 721 million tonnes by 2027, according to the OECD, a volume that could threaten jobs across the entire EU steel sector.

The EU came under even greater pressure last year when the US imposed 50 percent tariffs on steel imports, rerouting the global surplus to the European market.

“They built a wall around their market, steel was hitting that wall and was coming back to our market in greater numbers,” a senior EU official said. “That is why we introduced a safeguard measure which followed an investigation.”

The EU is also fighting unfair trade practices across the board with 80 other measures already in place, among them anti-dumping duties, most of which target cheap steel imports from China.

Pressed by its closest allies to ease the measures to their benefit, the Commission announced on Tuesday that half of the 18.3 million tonnes allowed to enter its market each year will be allocated to partners bound by free trade agreements with the bloc, including India, Switzerland and the UK.

Many of the countries that have clinched a trade deal with the EU will be allocated country-specific quotas proportionate to the volumes traded with the EU between 2022 and 2024.

A special status has also been granted to Ukraine to support the country while it remains at war and ensure a certain level of exports to the EU.

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Angels lean on late surge, strong bullpen effort to defeat Athletics

Denzer Guzman hit a tiebreaking single with two outs in the seventh inning Saturday night that sent the Angels to a 5-2 victory over the Athletics.

The Angels tacked on two insurance runs in the eighth on RBI singles by Oswald Peraza and Logan O’Hoppe.

Angels reliever Ryan Zeferjahn (4-3) struck out two in a scoreless seventh to earn the win and increase his hitless streak to 10 innings, with 19 strikeouts, over his last nine appearances.

Kirby Yates threw a 1-2-3 ninth for his 100th career save and second this season.

Josh Lowe sparked the go-ahead rally with a one-out single off left-hander Geoff Hartlieb (0-1) in the seventh. Lowe stole second and scored for a 3-2 lead when Guzman hit a hard grounder down the line that third baseman Max Muncy couldn’t get his glove on.

Angels right-hander Sam Bachman escaped a bases-loaded, one-out jam in the eighth when he struck out pinch-hitter Carlos Cortes with a 100-mph sinker and got Muncy to fly out.

Angels starter Reid Detmers gave up two runs and four hits in 5⅔ innings, striking out eight and walking three. The left-hander increased his strikeout total to 112, third-most in the majors behind Milwaukee ace Jacob Misiorowski (146) and Toronto right-hander Dylan Cease (128).

A’s starter Jack Perkins gave up two runs and four hits in five innings, striking out five and walking one.

The A’s took a 1-0 lead in the second when Jonah Heim crushed a first-pitch fastball that Detmers left over the heart of the plate. Heim sent a 109-mph drive 445 feet over the left-center field wall for his seventh homer.

The Angels countered with two runs in the fourth, a rally that began with Nolan Schanuel’s walk and Jorge Soler’s single. Wade Meckler struck out, but Jo Adell ripped a two-run triple into the left-field corner for a 2-1 lead.

The A’s tied it in the sixth when Nick Kurtz singled, Lawrence Butler walked and Colby Thomas lined a two-out RBI single to left.

The A’s, already playing without injured shortstop Jacob Wilson and second baseman Zach Gelof, lost Tyler Soderstrom when the left fielder was pulled in the third inning because of left hip soreness.

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Democratic socialists surge in mayoral races across the country as anti-Trump fervor rises

As Janeese Lewis George paves a path to the mayor’s office in Washington, D.C., she’s told voters they could have it all.

Her unapologetically expansive, left-wing agenda includes subsidized or even free childcare, increased down payment assistance for homebuyers and community resources to reduce crime, plus a promise to aggressively confront President Trump’s attempts to reshape the nation’s capital.

“People are tired of hearing what government can’t do. They want to hear what government can do,” Lewis George said in an interview before the city’s primary, where she defeated her Democratic opponents and positioned herself to win the general election in November in a city dominated by Democrats.

Lewis George’s victory signals a break with a quarter-century of centrist governance in Washington, and it puts her in the vanguard of democratic socialists who have ascended in urban politics over the last year. Zohran Mamdani toppled Andrew Cuomo, the scion of a political dynasty, on his way to becoming New York City mayor. Katie Wilson won an upset victory to lead Seattle last fall. And this month, Nithya Raman clinched a spot in the November runoff against Los Angeles Mayor Karen Bass.

All of them are members of the Democratic Socialists of America, or DSA. The political organization has seen its membership ranks swell from a few thousand to more than 100,000 nationwide over the last decade after an influx of younger Americans joined following the presidential bids of Vermont Sen. Bernie Sanders, also a self-described democratic socialist.

There’s little sign of national coordination among the candidates, and it’s unclear whether voters are gravitating toward their promises of improved government services, their vows to fight the Trump administration or their critiques of capitalism.

But from coast to coast, confrontational progressives are advancing in mayoral races. City leaders can draw outsized attention for their successes and failures, and democratic socialists will be under pressure from residents to deliver on their vows for a new kind of governance. Whether that translates to national politics is a next test for their movement.

“They are all channeling a displeasure with a status quo and a serious desire for economic populism that the establishment Democratic Party hasn’t been preaching,” said Eric Stern, a Democratic strategist with Fight Agency, a political consulting firm that strategized Mamdani’s mayoral campaign.

Stern added that Democratic voters appeared more willing to support the most progressive candidate in mayoral races rather than in contests for the U.S. House. Candidates like Mamdani and Raman, Stern said, are “daring voters to dream and fall in love not just with the individual candidates but also the political process as a whole.”

A rising left navigates America’s urban challenges

The trend of progressives surging in urban areas may have limits for its broader impact on Democratic politics. Democratic mayors in cities including Atlanta, Houston, Miami and San Francisco won on relatively moderate platforms in recent years.

Progressive have also faced noteworthy challenges. Chicago Mayor Brandon Johnson was endorsed by the city’s DSA chapter during his 2023 mayoral run but has since faced criticism from both moderate and liberal local leaders on issues such as immigration, the local budget and public safety. Recalls and public pressure ousted progressives elected to district attorney offices in multiple jurisdictions over the last five years, when criminal justice reform efforts ran into dissatisfaction over public disorder following the COVID-19 pandemic.

Trump’s hardline immigration and law enforcement tactics have also become a challenge for liberal cities. The president’s agenda poses an especially serious threat to Washington, D.C., because of its status as a federal territory.

“Maybe we take back Washington and run it on a federal basis,” Trump told reporters this month when asked about the potential election of a democratic socialist as the district’s mayor. “We won’t put up with it.”

But progressives hope the current wave of anti-Trump furor in deep blue cities across the country will help buoy the chances of those on the hard left.

“It’s not folks looking for the leftmost option so much as looking for a candidate who’s gonna be on their side,” said Ravi Mangla, speaking for the left-wing Working Families Party. The party often endorses the same candidates as the DSA and is readying to target more mayoral offices in the country’s biggest metropolises this fall and in 2028.

“It’s less about whether you are on the right or on the left so much as whether you are willing to punch up at the powerful,” he added.

Mamdani and Lewis George are both self-described “sewer socialists” who emphasize the need for responsive government services rather than critiques of market economics. The phrase recalls the socialist Gilded Age mayors whom critics derided as too preoccupied with managing public works projects.

The term’s revival is partly a strategic move to align leftist ideas with concerns over affordability and the economy, voters’ top concern in the midterm elections, and shift the public perception of democratic socialists from firebrands who support radical policies to independent-minded public servants.

“This is absolutely a change election and I’m excited to bring the change that people want, which is really putting people first in the city and having the moral clarity and courage to stand up to Trump,” Lewis George said.

For voters the ‘socialist’ label did not seem to matter

While conservatives have used the “socialist” label to attack Democrats as extreme or incompetent, some D.C. voters appeared ambivalent before Tuesday’s primary.

Several lifelong residents said they believed Lewis George was a “fighter” but didn’t think she’d have much of an impact on the local economy, given the city’s status as a federal district.

“I go back and forth on my own labels and whether I am supportive of that movement or not, but I am supportive of making D.C. more affordable,” Owen Fitzgerald, a University of Maryland graduate student, said of his support for democratic socialism.

Fitzgerald voted for Lewis George because she would stand up to Trump and said he’d first learned of her campaign from friends in his neighborhood. But he didn’t know she was a democratic socialist until he saw news reports describing her with the label.

“It sends a cultural message to this administration that the people who are surrounding them in the capital are opposed to their platform, opposed to their political agenda, and I think that it will send a message, both nationally and internationally,” Fitzgerald said.

Brown writes for the Associated Press.

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Stock markets surge as Trump calls off strikes on Iran, touts peace deal | Financial Markets

Wall Street and Asian markets rally on hopes for an end to the US-Israel war on Iran.

Stock markets have surged following US President Donald Trump’s announcement that he called off planned strikes against Iran and a peace deal with Tehran is imminent.

Wall Street’s benchmark S&P500 index finished nearly 1.8 percent higher on Thursday, ending a three-day streak of losses for the biggest single-day gain since April.

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The tech-focused Nasdaq Composite jumped 2.5 percent, while the older, blue-chip Dow Jones Industrial Average gained about 1.9 percent.

The rally continued in the Asia Pacific on Friday, with markets in Japan, South Korea, Taiwan, Hong Kong, and Australia racking up gains.

South Korea’s Kospi, the best-performing major index this year, surged more than 8 percent in morning trading, while Japan’s benchmark Nikkei 225 rose as much as 4 percent.

Taiwan’s TAIEX gained about 2.4 percent, and Australia’s ASX 200 rose about 1.8 percent.

In Hong Kong, the Hang Seng Index was up more than 1 percent.

Brent crude, the primary international benchmark for oil prices, fell about 1 percent to below $89.50 a barrel on hopes for a return to normality in the Strait of Hormuz, which in peacetime carries about one-fifth of global energy supplies.

The market rebound came after Trump on Thursday suggested that a deal to end the war on Iran could be signed as soon as this weekend.

“We just made a great settlement of the war with Iran… subject to finalisation of documents,” Trump told reporters in the Oval Office of the White House.

Iran has not publicly confirmed Trump’s claims, but a Ministry of Foreign Affairs spokesman told reporters a memorandum of understanding with the US is “under consideration”.

“For the rally to be sustained, investors will want to not only see the actual deal being signed, but a complete reopening of the Strait of Hormuz,” Khoon Goh, head of Asia research for ANZ Bank, told Al Jazeera.

“Only then will we see the gains extend.”

Fabien Yip, a market analyst at the online broker IG Group in Sydney, Australia, said the rally reflected a “meaningful easing of geopolitical risk”, as well as anticipation over Friday’s market debut of SpaceX, set to be the largest of its kind in history.

“The broader read on today’s Asian follow-through is that dip-buying interest remains genuine,” Yip told Al Jazeera.

“That matters for how you characterise what’s happened over the past week.

“This looks less like a structural break in the bull market and more like a healthy reset after a rapid, near-straight-line advance, the kind of consolidation that can potentially extend a rally’s longevity.”

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Trump hails jobs surge, says Iran talks ‘going well’ | US-Israel war on Iran

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US President Donald Trump hailed stronger-than-expected jobs growth before pivoting to Iran, saying negotiations with Tehran “seem to be going quite well”. Trump offered no further details on the talks as he arrived in Wisconsin for an agriculture event.

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Zara owner Inditex defies Iran war concerns with strong sales as shares surge

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The Spanish fashion giant behind Zara, Inditex, posted net income of €1.4 billion in the first quarter, up 5.4% year-on-year and ahead of market expectations.


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Sales rose 5.8% to €8.7bn, or 8.8% at constant exchange rates, ahead of the roughly 8% analysts had anticipated.

Gross profit rose 6.9% to €5.4bn, helped by an improvement in profit margins, meaning the company kept a larger share of revenue as profit. EBITDA, a measure of underlying earnings, increased 7.3% to €2.6bn.

Inditex shares rose more than 5% on Wednesday after the company reported a strong start to the second quarter, with sales increasing 11.5% between 1 May and 1 June, reassuring investors that the Zara owner remains resilient despite signs of weakening consumer spending.

“Inditex continued its strong momentum with its latest results beating first quarter expectations, and also seen a strong start to the second quarter too, as sales grew more or less in line with the rate the company exited with in the previous quarter,” said Mamta Valechha, consumer discretionary analyst at Quilter Cheviot.

The revenue jump from one of the world’s largest listed clothing retailers points to solid consumer appetite heading into the summer, despite concerns that a more uncertain economic and geopolitical backdrop could weigh on spending in the months ahead.

Navigating geopolitical risks

The results come as businesses around the world face growing uncertainty over the global economy and concerns that consumers may cut back on spending.

Inditex said its wide-ranging supply chain and flexible transport network had helped it keep products flowing to stores around the world despite recent disruptions.

“Ultimately, Inditex continues to have a resilient business model that can withstand significant economic pressures and currency headwinds,” said Mamta Valechha, consumer discretionary analyst at Quilter Cheviot.

Valechha said strong customer demand and the company’s ability to source products close to its key markets had helped it keep collections up to date while limiting the need for discounts. Productivity improvements had also helped protect profitability.

Inditex also said that the current “geopolitical challenges” had an impact on the sales in the Middle East, a region that Barclays estimates accounts for about 5% of its revenue.

The company also warned that ongoing instability in the region could affect its performance in the months ahead.

Inditex faces a number of other challenges, including higher shipping costs and rising prices for raw materials such as cotton and polyester. Currency movements are also expected to weigh on results this year.

Inditex ended the quarter with 5,456 stores and a net cash position of €10.8bn.

The board has proposed a dividend of €1.75 per share for the last fiscal year, comprising an ordinary component of €1.20 and a bonus of €0.55, payable in two instalments in May and November 2026.

Despite the strong start to the year, Inditex left its outlook unchanged. It said it expects sales growth to continue into the second quarter, supported by strong demand for its spring and summer collections and ongoing improvements to its stores and operations.

However, the company said currency fluctuations are likely to reduce sales growth by around 1% over the full year. It also expects to invest about €2.3bn in the business during the current financial year.

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China Tech Stocks Surge on AI Optimism Despite Middle East Risks

Technology stocks led a broad market rally across China and Hong Kong on Tuesday as investors poured into artificial intelligence related companies despite continuing uncertainty surrounding developments in the Middle East.

The strongest gains came from major technology firms including Tencent and Meituan, helping push Hong Kong’s technology index to one of its biggest daily advances in months. The rally reflected growing investor confidence in China’s technology sector, particularly in artificial intelligence, even as markets monitored fragile diplomatic efforts and ceasefire discussions involving regional conflicts.

The performance highlights an increasingly important theme in global markets: investors are weighing geopolitical risks against the powerful growth narrative surrounding artificial intelligence and technology innovation.

Background

Chinese technology stocks have experienced a volatile few years marked by regulatory scrutiny, slowing economic growth, property market challenges, and shifting investor sentiment.

However, the global artificial intelligence boom has provided a fresh catalyst for the sector.

As major technology companies race to develop AI models, digital assistants, and enterprise applications, investors have increasingly focused on firms capable of benefiting from the next phase of technological transformation.

At the same time, geopolitical developments continue to influence market sentiment. Escalating tensions in the Middle East, concerns about energy prices, and broader uncertainty in global financial markets have periodically weighed on risk assets.

Against this backdrop, Tuesday’s rally suggests that technology driven growth expectations remain a dominant force in investor decision making.

What Happened?

Major Chinese and Hong Kong equity indices posted strong gains:

  • Hong Kong’s Hang Seng Index rose 2.5 percent.
  • The Hang Seng Tech Index surged 4.7 percent.
  • China’s STAR 50 Index gained 1.6 percent.
  • The ChiNext Index climbed 2.7 percent.
  • The CSI300 advanced 1.5 percent.
  • The Shanghai Composite Index increased 0.4 percent.

Technology stocks were the primary drivers of the rally.

Tencent shares jumped more than 10 percent following reports that the company is moving closer to launching an artificial intelligence agent integrated into WeChat, China’s largest social media and messaging platform.

Meituan also gained strongly after investors reacted positively to signs that intense competition in China’s food delivery industry may be beginning to ease.

The rally extended beyond technology, with artificial intelligence related shares and non ferrous metal companies also recording significant gains.

Tencent’s AI Push Captures Investor Attention

Why Tencent’s Move Matters

The strongest market reaction centered on Tencent.

Reports suggesting that the company is nearing the launch of an AI agent for WeChat generated excitement because of the platform’s enormous user base of approximately 1.4 billion people.

If successfully deployed, such an AI assistant could become one of the largest consumer facing artificial intelligence applications in the world.

The development is significant because AI competition is increasingly shifting from standalone chatbots toward integration within existing digital ecosystems.

Companies that already possess massive user networks may have advantages in scaling AI services rapidly.

The Strategic Importance of WeChat

WeChat occupies a unique position within China’s digital economy.

The platform combines messaging, payments, shopping, business services, entertainment, and social networking into a single ecosystem.

Integrating AI directly into this environment could significantly enhance user engagement while creating new revenue opportunities through advertising, commerce, and premium services.

Investors appear to be viewing Tencent’s AI ambitions as a potentially transformative growth driver.

Why Meituan’s Gains Matter

Signs of Competitive Stabilization

Meituan’s rise may appear surprising given its latest quarterly loss.

However, investors focused less on earnings and more on indications that subsidy driven competition in China’s rapid delivery sector is beginning to moderate.

For much of the past year, food delivery companies have engaged in aggressive pricing battles designed to capture market share.

While beneficial for consumers, these strategies have pressured corporate profitability.

Evidence that the competitive environment is stabilizing could improve future earnings prospects across the sector.

Shift Toward Profitability

Investors often reward companies when they believe industry conditions are becoming more rational.

For Meituan, expectations of reduced subsidy spending may be viewed as a pathway toward stronger margins and improved financial performance.

The AI Investment Narrative Continues

Artificial Intelligence Remains a Global Theme

One of the most important lessons from Tuesday’s rally is that artificial intelligence continues to dominate market thinking.

Despite geopolitical uncertainty, investors remain eager to identify companies positioned to benefit from AI adoption.

This trend is not limited to the United States.

Chinese technology firms are increasingly being evaluated based on their ability to develop competitive AI products, infrastructure, and services.

Zhipu AI’s Listing Plans

Another development attracting attention was the announcement that Zhipu AI intends to pursue a domestic stock market listing in Shanghai.

The move highlights growing confidence among Chinese AI firms and demonstrates the sector’s increasing importance within China’s capital markets.

A successful listing could further strengthen investor interest in domestic AI development.

The Middle East Factor

Why Investors Remain Cautious

Although technology optimism drove markets higher, geopolitical developments remain a significant source of uncertainty.

Investors continue monitoring negotiations involving the United States, Iran, Israel, and regional actors.

Potential disruptions to energy markets remain a key concern because rising oil prices can increase inflation pressures and slow economic growth globally.

Markets Are Balancing Two Competing Forces

Current market behavior reflects a balancing act.

On one side are geopolitical risks, including conflict, energy market volatility, and diplomatic uncertainty.

On the other side is enthusiasm surrounding technological innovation and artificial intelligence.

Tuesday’s rally suggests that, at least for now, investors believe technology driven growth opportunities outweigh immediate geopolitical concerns.

Analysis: Why China’s Technology Sector Is Regaining Momentum

The significance of Tuesday’s rally extends beyond a single trading session.

It reflects a broader reassessment of China’s technology sector.

For several years, investors viewed Chinese technology companies primarily through the lens of regulatory risk, slowing growth, and geopolitical tensions.

Today, artificial intelligence is changing that narrative.

Investors increasingly see Chinese firms as participants in a global technological transformation rather than merely domestic internet companies.

Tencent’s gains illustrate this shift particularly well.

The market reaction was not driven by short term earnings or cost cutting measures. Instead, it was driven by expectations regarding future technological capabilities and growth potential.

Another important factor is capital flows.

China remains one of the few major emerging markets attracting investment across equities, bonds, and currencies simultaneously. This provides a supportive backdrop for asset prices even when external risks remain elevated.

At the same time, investors should not ignore underlying challenges.

China’s economy continues to face pressures from weak consumer demand, property sector difficulties, and slower growth compared with previous decades.

Artificial intelligence enthusiasm may boost valuations, but sustained market strength will ultimately require broader economic improvement.

Nevertheless, Tuesday’s performance suggests that global investors increasingly view China’s technology sector as a key participant in the AI revolution rather than merely a recovery story.

Future Scenarios

Scenario One: AI Momentum Continues

Technology companies successfully launch new AI products and attract additional investment.

This could drive further gains across China’s technology sector and strengthen market sentiment.

Scenario Two: Economic Weakness Limits Gains

Artificial intelligence enthusiasm remains strong, but broader economic challenges constrain corporate earnings and consumer spending.

Technology stocks continue rising, though at a slower pace.

Scenario Three: Geopolitical Risks Reemerge

Escalating tensions in the Middle East or worsening global economic conditions trigger risk aversion.

Investors shift away from growth assets, leading to increased market volatility.

What’s Next?

Investors will closely watch Tencent’s progress in launching AI features for WeChat and monitor adoption rates if the product is introduced.

Attention will also focus on upcoming earnings reports, AI related announcements, and developments surrounding Zhipu AI’s planned listing.

Beyond technology, markets will continue evaluating geopolitical developments in the Middle East and their potential impact on energy prices and global investor sentiment.

The interaction between technological optimism and geopolitical uncertainty is likely to remain one of the defining themes for financial markets throughout the coming months.

Conclusion

Tuesday’s rally demonstrates that artificial intelligence remains one of the most powerful forces shaping global investment decisions. Strong gains in Tencent, Meituan, and other technology companies highlight growing confidence in China’s ability to participate in the next phase of AI driven innovation.

While geopolitical risks continue to create uncertainty, investors appear increasingly willing to look beyond short term tensions and focus on long term technological opportunities. Whether this momentum can be sustained will depend not only on AI breakthroughs but also on the broader health of China’s economy and the stability of the global geopolitical environment.

With information from Reuters.

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Aid cuts and climate change drive deadly malaria surge in Zimbabwe | News

Harare, Zimbabwe – Precious Mvundura woke up with joint pain, a high fever and a pounding headache on a chilly autumn morning in eastern Zimbabwe.

The 37-year-old initially thought it was just the flu. But when the headache persisted for three days, she became worried.

Her five-year-old son had also fallen ill and was sweating heavily.

In early May, the pair sought help from a village health worker in Chishakwe, a rural farming community outside Zimbabwe’s third-largest city, Mutare. Both tested positive for malaria.

“I felt relieved,” Mvundura told Al Jazeera.

“From the moment I took that medication, I started getting better.”

Her son has also recovered and is back in school.

Their ordeal comes as malaria cases and deaths surge across Zimbabwe after US funding cuts disrupted key malaria control programmes.

Shortly after returning to office for a second term in 2025, US President Donald Trump slashed foreign aid funding, including programmes backed by the United States Agency for International Development (USAID). In Zimbabwe, the cuts disrupted tuberculosis, HIV/AIDS and malaria research, prevention and treatment programmes.

Among the affected initiatives were the Zimbabwe Entomological Support Programme in Malaria (ZENTO) at Africa University in Mutare, which provided scientific research to support the country’s National Malaria Control Programme, and the Zimbabwe Assistance Programme in Malaria II (ZAPIM II), which helped strengthen malaria diagnosis, treatment and prevention in high-burden districts.

USAID had disbursed $270m for health and agriculture programmes in Zimbabwe in 2024.

Malaria cases jumped to 65,399 between January and April 2026, up from 36,000 recorded during the same period in 2025 and 17,000 in 2024, according to Zimbabwe’s Ministry of Health National Malaria Control Programme weekly surveillance report.

Deaths have also risen sharply, reaching 174 between January and April 2026, compared with 85 during the same period last year and 34 in 2024.

Mvundura and her son survived because they sought treatment early. In many other cases, the disease has been fatal.

Shortages of mosquito nets, test kits

Thomas Chuchu, the health programme lead at Save the Children Zimbabwe, said several malaria elimination activities previously supported by ZAPIM II had been disrupted.

“In practice, elimination has continued through government and other partners, but with weaker operational capacity and slower implementation,” Chuchu told Al Jazeera.

Zimbabwe’s dependence on donor funding for essential medicines, diagnostic kits and mosquito-control supplies has left the country vulnerable. [Farai Shawn Matiashe/Al Jazeera]
Zimbabwe’s dependence on donor funding for essential medicines, diagnostic kits and mosquito-control supplies has left the country vulnerable [Farai Shawn Matiashe/Al Jazeera]

The ZAPIM II programme ran through Zimbabwe’s Ministry of Health system in 11 districts across the provinces of Central and East Mashonaland and the province of Matabeleland North.

Before falling ill, Mvundura said she had not been using mosquito nets or repellents.

“I only started using a mosquito net a friend shared when I fell sick,” she said.

In December 2025, Caroline Mawombedzi was diagnosed with malaria while living in Burma Valley, a farming community about an hour’s drive from Mutare.

She had last contracted the disease in the late 2000s while still a child.

In mid-May, her five-year-old daughter was also diagnosed with malaria by a village health worker in Chishakwe after suffering severe headaches and stomach problems.

Although her daughter received treatment, Mawombedzi said she could not afford preventive measures such as mosquito nets.

“I am unemployed. I cannot afford to buy a mosquito net. We have not been sleeping under a mosquito net for years,” she said.

Virginia Chakandinakira, a village health worker serving Chishakwe, said malaria diagnostic kits and drugs are now in short supply.

“I used to get plenty of malaria test kits and drugs. But in 2025, they did not give me. I referred everyone showing malaria to a nearby Chitakatira clinic,” she said. Chitakatira is a rural settlement about an hour’s drive from Chishakwe.

“I only received test kits and drugs in February. However, the supplies are limited. The authorities told us they were only distributing them to hotspot communities.”

Research programmes crippled

Professor Sungano Mharakurwa, the director of Africa University’s Malaria Institute, said the abrupt withdrawal of US support had worsened the malaria outbreak by affecting the programme.

ZENTO was contributing data from the surveillance of malaria-carrying mosquitoes, which guided strategies employed by the National Malaria Control Programme to control malaria transmission, he said.

The Trump administration’s funding cuts have also effectively put a stop to the US President’s Malaria Initiative (PMI), launched in 2005 by former President George W Bush to control and eliminate malaria worldwide. Mharakurwa said the PMI had played a major role in funding malaria medications, and communities had been left exposed without it.

He said the Malaria Institute later secured funding from the United Methodist Church General Board of Global Ministry, but it fell far short of previous US assistance.

Zimbabwe’s dependence on donor funding for essential medicines, diagnostic kits and mosquito-control supplies has left the country vulnerable.

Itai Rusike, the director of Zimbabwe’s Community Working Group on Health, said the government needed to strengthen domestic health financing to reduce dependence on foreign donors.

“It is risky for a country to depend substantially on external partners, as donors can withdraw financial support anytime should their interests shift,” he said.

Climate change fuels spread

Experts say climate change is also driving the spread of malaria and other vector-borne diseases across Africa.

Rising temperatures are allowing malaria to spread into higher-altitude areas, which were once less vulnerable to outbreaks.

Zimbabwe experienced El Niño between 2023 and 2024, a climate phenomenon marked by unusually warm temperatures in the Pacific Ocean, which typically disrupts rainfall patterns across Southern Africa.

Heavy rainfall followed in 2025 and 2026, creating ideal breeding conditions for mosquitoes.

Chuchu, from Save the Children Zimbabwe, said that the current spike in malaria cases was closely linked to the heavy rains during the 2025–2026 season.

“The rains created favourable breeding conditions for mosquitoes, particularly in already endemic provinces such as Mashonaland Central, Manicaland, Mashonaland East and Mashonaland West,” he said.

Virginia Chakandinakira, a village health worker serving Chishakwe, said malaria diagnostic kits and drugs are now in short supply.. [Farai Shawn Matiashe/Al Jazeera]
Health workers say malaria diagnostic kits and medicines are now in short supply in rural Zimbabwe [Farai Shawn Matiashe/Al Jazeera]

“The effect of heavy rains is likely being amplified by weakened prevention systems, including reduced mosquito-net coverage, delayed vector-control activities, reduced community surveillance, and challenges with timely testing and treatment following the discontinuation of ZAPIM,” he added.

Professor Mharakurwa, meanwhile, said that above-normal rainfall required equally strong preparation and resources to contain malaria transmission.

Government efforts

Zimbabwe aims to eliminate malaria by 2030, in line with the target set by the African Union.

Over the years, the government, working with international donors and aid organisations, has relied on indoor residual spraying, mosquito-net distribution, mass testing and public awareness campaigns to contain outbreaks, particularly in rural communities.

Health workers continue to carry out indoor spraying campaigns in malaria-prone areas, while village health educators use community meetings and radio programmes to encourage early testing and treatment. Authorities have also expanded surveillance and rapid-response systems in high-risk districts.

But some of these efforts have weakened following the disruption of donor-funded programmes. Key malaria elimination activities previously supported by ZAPIM II included active case tracking, targeted distribution of long-lasting insecticidal nets and district rapid-response systems.

For years, the government and aid organisations distributed mosquito nets annually to vulnerable communities, such as Chishakwe. But since the US funding cuts, shortages have become increasingly common.

Village health workers say malaria diagnostic kits and treatment drugs are also running low in some rural areas, forcing suspected malaria patients to travel long distances to clinics for testing and treatment.

Health experts warn that unless funding gaps are urgently addressed, Zimbabwe risks losing years of progress made in reducing malaria infections and deaths.

For Mvundura and her son, surviving malaria still feels like escaping death.

“We cheated death,” she said. “It was so bad.”

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New York Knicks produce 18-point surge in win over Cleveland Cavaliers

The New York Knicks scored 18 unanswered points on the way to a 109-93 win against the Cleveland Cavaliers as they took a 2-0 lead in their best-of-seven Eastern Conference final.

The score was tied at 53-53 when the Knicks pulled away at their Madison Square Garden home to take a 71-53 lead on the way to a ninth straight victory.

Josh Hart scored 26 points, including five three-pointers, for the home side as he racked up a career-high tally for a play-off game, while team-mate Jalen Brunson added 19 points and 14 assists.

The Knicks, who last reached the NBA Finals match in 1999 and have not been champions since 1973, also had Mikal Bridges scoring 19 points and Karl-Anthony Towns 18.

“We don’t really care who gets the shine, the shots, the minutes, those kind of things – we’re focused on winning,” Hart said.

“I think everyone is willing to sacrifice their own personal agendas or performance for the betterment of the team. And when you have a group of guys that do that, sky’s the limit.”

Donovan Mitchell scored 26 points for the Cavaliers and James Harden contributed 18 for the visiting side, who went 2-0 down to the Detroit Pistons in the last round before emerging 4-3 series winners.

“This isn’t our first time facing adversity,” Mitchell said. “We’ve been to two game sevens, so being down 2-0, it’s not the biggest challenge.

“It’s right there. So let’s go ahead and take advantage of it.”

Games three and four will take place in Cleveland on Saturday and Monday.

The winners will play either the Oklahoma City Thunder or San Antonio Spurs, whose Western Conference final is tied at 1-1.

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Mobix Labs bull run: 90% surge on defense & critical minerals re-rating

Mobix Labs (MOBX) stock jumped nearly 90% to around $3.24 on Thursday, pushing its monthly gain to about 65%. The stock is now up 41.04% YTD, beating the S&P 500 (SP500) return of 8.75%.

The rally started after Mobix Labs announced

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Huge surge in half-term holiday bookings as families fear UK washout

THE spring weather has been very up and down so far – but sadly for the week of half-term it looks like rain is on the way.

If you’re considering a family-friendly break this May half-term, there are still plenty of holiday deals in Spain, Turkey and Cyprus.

There are still lots of affordable holiday deals in the likes of Turkey Credit: Love Holidays
Lots have all-inclusive deals like the Arabella World Hotel in Turkey Credit: Love Holidays

Follow The Sun’s award-winning travel team on Instagram and Tiktok for top holiday tips and inspiration @thesuntravel. 

On the Beach has found that bookings for May half-term are up by as much as 40 per cent in recent weeks as it looks like weather in the UK will be yet another washout – so we’ve Sun Travel has found some of the best deals abroad on offer.

BLUESEA Los Fiscos, Lanzarote

You can go to BLUESEA Los Fiscos in Lanzarote from £293pp in May half-term Credit: On the Beach

First up is the BLUESEA Los Fiscos in Lanzarote which has a pretty swimming pool and white-washed apartments.

Stays include free Wi-Fi and access to the pool bar – there’s also a children’s playground.

ALL IN

Holiday spot slashes prices to entice Brits – from 7 nights all inclusive for £289pp


LAST MINUTE

All the CHEAPEST holidays you can still book for May half term – from £163pp

With the all-inclusive package, guests can enjoy the buffet that serves up all three meals and plenty of drinks.

A five-night stay at the BLUESEA Los Fiscos in Lanzarote, Spain, including flights leaving from Manchester on May 27 cost £293pp (based on 2 adults and 2 children).

To make it all-inclusive is an extra £28pp.

Guitart Central Park Aqua Resort, Spain

Guitart Central Park Aqua Resort has its own swimming pool and aquapark Credit: Love Holidays

Guitart Central Park Aqua Resort in the Costa Brava will be a hit with the kids thanks to its aquapark with two waterslides and splash zone.

To keep them further entertained, the hotel has more activities like football, rugby and tennis.

It has three buffet restaurants, is an 11-minute walk to nearby Cala Banys Beach and has spacious bedrooms.

A five-night half-board stay at the Guitart Central Park Aqua Resort including flights leaving from London Luton on May 26 cost £330pp (based on 2 adults and 2 children).

Miarosa Konakli Garden, Turkey

The Miarosa Konakli Garden in Turkey has a pool with slides and a kids club Credit: On the Beach

Miarosa Konakli Garden has it all, comfortable rooms, a pool with waterslides and a plenty of entertainment.

The hotel has its own kids club as well as a playground – and for the whole family to get involved there’s activities like darts, table tennis, card games and watersports.

There’s a main restaurant as well as three bars – including one by the pool.

A four-night all-inclusive stay at the Miarosa Konakli Garden in Antalya, Turkey, including flights leaving from London Gatwick on May 25 cost £368pp (based on 2 adults and 2 children).  

Best Los Angeles Hotel, Spain

Bes Los Angeles Hotel is 10-minutes from popular beaches Credit: On The Beach

Best Los Angeles Hotel has fewer frills than some of the other offers, but it has everything needed for a relaxing half-term break in the sun.

It’s 10-minutes from popular beaches and the nearby town of Salou is known for its shops, bars and restaurants.

The PortAventura Theme Park is around two miles away too for those who fancy a go on thrilling rides.

A seven-night half-board stay at the Best Los Angeles Hotel including flights leaving from Dublin on May 25 cost £320pp (based on 2 adults and 2 children).

MedPlaya Flamingo Oasis, Spain

MedPlaya Flamingo Oasis has a lake-style swimming pool Credit: On The Beach

When the Spanish sun comes out, MedPlaya Flamingo Oasis in Costa Blanca is where you want to be.

It has a huge lake-style swimming pool to cool off in and is surrounded by sunloungers.

During the evenings, there’s performances at the Piano Bar – or head up to the rooftop bar to watch the sunset.

A seven-night half-board stay at the MedPlaya Flamingo Oasis including flights leaving from Edinburgh on May 25 cost £260pp (based on 2 adults and 2 children).

Grand Muthu Golf Plaza Hotel & Spa, Tenerife

Grand Muthu Golf Plaza Hotel & Spa is next two two popular golf courses Credit: On The Beach

In Tenerife, families can enjoy a break at the Grand Muthu Golf Plaza Hotel & Spa.

It has a swimming pool and lots of entertainment – for any adults who want to golf, there are two of the island’s most popular courses nearby.

Accommodation is in studios, apartments and junior suites with a balcony or terrace.

A four-night all-inclusive stay at the Grand Muthu Golf Plaza Hotel & Spa including flights leaving from Glasgow on May 25 cost £310pp (based on 2 adults and 2 children).

Arsi Blue Beach, Turkey

There’s lots of swimming to be done at the Arsi Blue Beach in Turkey Credit: Love Holidays

The Arsi Blue Beach is a great choice for families as it’s steps away from Antalya’s Alanya Beach and has a children’s pool on-site.

Not forgetting the adults, there are also spa treatments and a sauna is available too.

Guests can enjoy meals at the restaurant and make sure to pop into the lounge bar and beach bar too.

A five-night all-inclusive stay at the Arsi Blue Beach in Turkey including flights leaving from Belfast on May 26 starts from £259pp (based on 2 adults and 2 children).

Arabella World Hotel, Turkey

Arabella World Hotel has a swimming pool, flumes and access to a private beach Credit: Love Holidays

The 4-star Arabella World Hotel sits on Turkey’s sun-drenched southern coast and even has its own private beach.

With swimming pools and slides, dining, wellness and children’s activities too – no one in the family will ever be bored here.

But if that isn’t quite enough, Water Planet Aquapark is around a 10-minute drive away.

A seven-night all-inclusive stay at the Arabella World Hotel including flights leaving from Belfast on May 24 starts from £319pp (based on 2 adults and 2 children).

Cosmelenia Hotel Apartments, Cyprus

This hotel in Ayia Napa is close to a waterpark and is a great family-friendly pick Credit: Love Holidays

If you fancy heading further afield, check out the Cosmelenia Hotel Apartments in Ayia Napa.

Small but mighty, it has everything for a family break from its swimming pool to parasol- covered sunbeds, air-conditioned rooms, a restaurant and bar.

Waterworld Waterpark just a short walk away too.

A six-night all-inclusive stay at the Cosmelenia Hotel Apartments including flights leaving from Belfast on May 25 starts from £319pp (based on 2 adults and 2 children).

Deloix Aqua Center, Spain

The Deloix Aqua Center is on the outskirts of Benidorm Credit: Love Holidays

The Deloix Aqua Center is found in a quiet part of Benidorm and has it all from an aqua centre, children’s water playground and rooftop paddle courts with city views.

It has three outdoor swimming pools, including a lagoon-style pool and one indoor pool for year-round paddling.

There’s a spa, gym and wellness centre as well as an on-site restaurant, café and bar.

A five-night full-board stay at the Deloix Aqua Center Spain including flights leaving from Belfast on May 25 starts from £309pp (based on 2 adults and 2 children).

Prices correct at time of publication.



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Wright: Trump ‘open’ to suspending gas tax during Iran War price surge

May 10 (UPI) — Energy Secretary Chris Wright said Sunday the Trump administration is “open” to the possibility of suspending the federal tax on gasoline sales as prices spike amid the U.S.-Israeli war against Iran.

Wright said during an appearance on NBC’s Meet the Press he and Trump are “open to all ideas” to lower energy prices, including following the lead of some U.S. states in temporarily shelving taxes on gas at the pump amid the price surge.

“All measures that can be taken to lower the price at the pump and lower the prices for Americans, this administration is in support of,” he said. “We are constantly looking for different ideas.”

Citing previous measures such as releasing oil from the U.S. strategic petroleum reserves and “revising federal regulations on summer gasoline blends to make it easier for American refineries to produce more gasoline,” Wright said the suspension of the 18-cents-per-gallon federal tax on gas is also on the table.

“We are working every day to offset this rise in prices because of a critical conflict in Iran to drive prices down, and we’re open to all such ideas,” he said.

Wright’s comments came as the average national price of a gallon of unleaded gasoline stood at $4.52 per gallon as of Sunday, according to the Automobile Association of America.

U.S. drivers have seen sharp increases in pump prices in recent weeks after Iran blocked the vital Strait of Hormuz waterway connecting Persian Gulf oil and natural gas producers with world markets.

The move came in retaliation to a wave U.S.-Israeli bombing attacks on Iran beginning Feb. 28, which Washington and Tel Aviv claim were necessary to prevent the imminent development of a nuclear weapon by Iran’s rulers.

The price of regular gas last week surged 25 cents for the second consecutive week to $4.55 — $1.40 higher than they were a year ago and marking their highest level since 2022, the AAA reported.

Crude oil prices have dipped below $100 per barrel while a fragile cease-fire between the United States and Iran has been in place and negotiations to reopen the Strait have been ongoing. But with global oil supplies tightening, upwards pressure on pump prices continues.

In a separate appearance on CBS News’ Face the Nation on Sunday, Wright refused to predict were gas prices were heading.

“I don’t know the future of gas prices,” he said while admitting that “gasoline and diesel prices are up, and they will remain up while this conflict’s in place, and then they will come back down.

“And, ultimately, they’ll come back down lower than they were before.”

President Donald Trump is joined by Defense Secretary Pete Hegseth as he announces that Boeing has won a contract for a new fighter jet in the Oval Office of the White House on Friday. Photo by Yuri Gripas/UPI | License Photo

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Broken Spirit: Jet Fuel Surge, Iran War Rattle Airlines

Amid Spirit Airlines’ bankruptcy, airlines that were once confident in their financial resilience are now navigating a volatile geopolitical landscape.

The collapse of Spirit Airlines, the scrappy low-cost carrier, underscores the fragile economics of air travel amid $4-per-gallon jet fuel and high crude prices.

From Atlanta-based Delta Air Lines to Hong Kong-based Cathay Pacific, carriers are reassessing routes and fares as soaring fuel costs threaten profits, while the Iran war disrupts shipping through the Strait of Hormuz.

Airlines and investors had anticipated stable fuel costs in the second quarter, but analysts have had to adjust their outlooks. Forward-looking projections indicate fuel prices will remain above previous forecasts, a development that could continue to pressure airline profit margins and ticket pricing strategies.

“Fuel forward expectations for the second quarter haven’t changed, but what has changed are expectations for the rest of the year,” Matt Woodruff, head of aerospace and defense/transports at CreditSights, told Global Finance. “[Fuel prices] will be higher for longer than we were thinking a month or two ago.”

‘Good Aircraft’ Grounded

On April 23, former President Donald Trump publicly mused about rescuing Spirit Airlines, calling the carrier “virtually debt-free” and noting its “good aircraft, good assets.” He suggested buying the airline and potentially profiting when oil prices decline, adding, “I’d love to be able to save those jobs … I like having a lot of airlines, so it’s competitive.”

The plan never materialized, and Spirit shut down on May 3. Travelers remained stranded as jet fuel prices hit unprecedented highs amid the Iran war, now more than two months old.

“We regret to inform you that all Spirit Airlines flights have been canceled, effective immediately,” read a notice when opening the carrier’s app.

The ripple effects were felt beyond Dania Beach, Florida, where the airline is based. Spirit operated international flights throughout Latin America, the Caribbean, and Central America, including Colombia, Mexico, the Dominican Republic, Jamaica, Peru, Costa Rica, and Aruba. Its sudden closure left 17,000 direct and indirect employees without work.

The Trump administration and Treasury Secretary Scott Bessent quickly blamed Biden-era opposition to the much-debated Spirit/JetBlue Airways Corp. merger. The two carriers had a $3.8 billion deal in the works, which Bessent argued “would have given them much more resiliency.” Spirit filed for bankruptcy protection in November 2024, saddled with more than $2.5 billion in losses since 2020.

But no airline, not even one with low-cost appeal, is immune to the whims of the global oil market.

At the time of Spirit’s first bankruptcy under Biden, U.S. airlines were paying an average of $2.31 per gallon for jet fuel. Under Trump, that figure has nearly doubled, with the Argus US Jet Fuel Index reporting $4.26 per gallon as of May 4.

Consider the Warnings

Brent crude prices are hovering above $100 per barrel, while regional conflicts near the Strait of Hormuz—through which a significant share of the world’s oil passes—continue to heighten supply concerns.

Fuel is often the largest single operating expense for airlines. Delta Air Lines, for example, disclosed in a March filing that its 2025 fuel costs accounted for 31.3% of its operating expenses. The company noted that a one-cent increase in jet fuel adds about $40 million to its fuel tab for the year.

Delta paid $2.7 billion for fuel in the first quarter of 2026.

The airline produces some of its own jet fuel, which means it avoids paying full market prices for fuel conversion, shielding it from the worst of the “crack spread” costs, Woodruff said. “They’re getting a benefit relative to everyone else, but they’re still feeling it.”

Cuts are underway. Starting May 19, the company will no longer offer food or drinks on flights under 349 miles.

Other carriers are responding to the latest volatility by raising fares, canceling routes, rerouting aircraft to avoid restricted airspace, and reconsidering expansion plans. Airfares have increased five times since the war in Iran began, with a sixth hike underway late last month, according to the Wall Street Journal.

“The routes that aren’t doing well, those are going first,” Woodruff said. “Regional jets, for example, often don’t make much money — those are, for sure, a target.”

What’s Next

Spirit isn’t the only airline feeling the effects of this new norm. Its former suitor, JetBlue, is reevaluating routes that may no longer cover rising fuel, airport, and maintenance costs. Delta is canceling hundreds of flights, while international carriers — including Paris-based Air France, Cologne-based Lufthansa, and Cathay Pacific — are trimming routes to protect margins.

This shift stands in stark contrast to late 2024, when Delta CEO Ed Bastian welcomed the incoming Trump administration as a “breath of fresh air.” Through much of 2025, that optimism seemed justified, as major U.S. carriers forecast continued profitability into 2026.

And that might still be the case despite the war in Iran rattling global energy markets and upending long-held assumptions about fuel stability and travel demand.

Each airline is now telling a two-sided story about how robust demand is while also raising fares. United Airlines’ fare numbers, for example, will be 15% to 20% higher than last year. 

Whether consumers will tolerate such a price hike remains to be seen. “Ultimately, consumers are going to decide what they are willing to pay and what they aren’t, not a formula,” Southwest CEO Bob Jordan told reporters in April.

Chevron CEO Mike Wirth echoed the concern, telling CBS’s Face the Nation on April 23 that instability in the Strait of Hormuz was likely to continue driving up energy costs.

Even the forward fuel curves today indicate that, even if the war ended today, costs wouldn’t normalize until well into next year, Woodruff said.

By 2027, airlines expect to offset most, if not all, of the recent fuel cost increases through higher fares, he added. But that outlook assumes forward fuel prices in the first quarter of 2027 will be lower than they are today. If they’re not, carriers could continue to face significant financial pressure.

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Bitcoin surge above $80K fuels rally in cryptocurrency-linked stocks (BTC-USD:Cryptocurrency)

Abstract Bitcoin Cryptocurrency concept

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Crypto-linked equities advanced in U.S. premarket as Bitcoin (BTC-USD) surged past $80,000 – its highest level in over three months – amid renewed investor risk appetite.

Coinbase (COIN) gained 4.1%, while other gainers included Strategy (MSTR) +3.3%, MARA Holdings (

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Latino leaders surge into local office as Trump-era attacks fuel new urgency

Rhetoric dehumanizing immigrant and Latino communities may appear more open and in-your-face in the current political climate. But that has not been a barrier for Latinos seeking elective office or high-level roles in government.

Voters are choosing an increasing number of nonwhite Hispanic leaders to local elective office — and many of the leaders are the first Latinos to hold their seats. Some political science experts attribute the rise of Latino leadership to years of grassroots organizing, coupled with ongoing demonization of their communities by Trump administration officials and conservative activists.

“That’s the difference now, is that there’s this extra incentive of an unrelenting attack on Latinos across the country,” said Anna Sampaio, an ethnic studies professor at Santa Clara University who specializes in race and gender politics.

There are currently an estimated 7,700 Latino elected officials nationwide, according to data from the National Association of Latino Elected and Appointed Officials. That’s up from 6,883 officials in 2020.

Estimated to number as many as 55 million people — 16% of the U.S. population — Latinos are the largest ethnic minority in the country, with politics, interests and priorities as diverse as the national origins represented within their population. But Latinos also are underrepresented as a demographic across elective offices.

Since the beginning of President Trump’s second term, Latino communities have been a target of his hard-line immigration tactics. The feeling of attack doesn’t stop there. From memes shared from the official White House page perpetuating Hispanic stereotypes, a federally led English-only initiative and an anti-diversity, equity and inclusion push have painted a target on Latinos across the country.

It’s all led to more Latinos seeking office to defend their communities and give voice to those who may be afraid to speak out in the current political climate. As a result, legislators have proposed measures that include providing community members with protections against the U.S. Immigration and Customs Enforcement, halting the approval of ICE detention centers in their cities, and calling for a stop to ICE funding, among other actions.

Pennsylvania Latino mayor makes history

Lancaster, Pennsylvania, with a roughly 40% Hispanic population, recently elected Jaime Arroyo their first Latino mayor. Arroyo took office in January, after being elected with 85% of the vote.

“I think being the first Latino to be in this role and the first person of color to be mayor of Lancaster City has been exciting,” Arroyo told The Associated Press, adding that he finds it “extremely exciting to lead and represent our community in this role.”

With rhetoric and national policies — such as heightened immigration enforcement — hurting the Latino communities, Arroyo said, diverse representation in government is more important than ever. He also believes that the rise of elected Latino officials over the last couple of years is the result of generations of Latinos being politically active fighting for civil rights.

“We’re starting to see a lot of the fruits of that labor come to fruition,” Arroyo said. “There’s never a perfect time to serve your community, there’s the right time. And I think right now is the right time for a lot of Latinos to step up into these roles, especially with everything that is going on.”

Latino representation expanding in city councils

Many more Latinos made history when they took office in earlier this year.

In Iowa, Rob Barron was sworn in Jan. 12 as the first Latino representative on the Des Moines City Council. Antonio Pacheco was sworn on Jan. 7 to be the first Latino member of the city council in Conyers, Georgia. In Ohio, Eileen Torres became the first Mexican American women to win a city council seat in Lorain. Sabrina Gonzalez also took office there as the first Puerto Rican women to serve.

And in Michigan, Clara Martinez and Deyanira Nevarez Martinez were sworn in Jan. 1 to the Lansing City Council, making the city the first in the U.S. to have a council with majority Latino representation.

Martinez said her election, and that of Nevarez Martinez, makes a bit statement about “what people are truly open to despite the national rhetoric.”

“I think because of the rhetoric that we are having to face and some of the backlash on the national stage, I think that’s just fueled the fire for so many people,” she said.

The Salt Lake City Council also has a Latino majority, with four of seven seats, after Erika Carlsen, the granddaughter of Mexican immigrants, was sworn in on Jan. 5. Carlsen said her success is possible because of current and previous generations that put in the work to create spaces where Latinas were encouraged to take leadership positions.

“I feel like I’m building on early generations of leadership,” Carlsen said. “That’s both an honor and responsibility to improve Salt Lake City for the people who live here.”

Carlsen said even if representation at the federal level is not high or visible she said having representation at the local level can have a huge impact.

“I think that it’s critically important that we continue to build on this momentum,” Carlsen said. “The majority of change that can happen starts locally, it doesn’t start in Washington but in City Hall, school boards and neighborhoods conversations. That’s the kind of momentum I’d love to see all across the United States.”

Carolina Welles, executive director of The First Ask, an organization that supports first-time female candidates at the state level, said the reason why Latino representation is more visible at the local level is because those leaders are able to built trust with their community much easier given their proximity.

“They actually know what people care about,” Welles said. “They have a stake because they are facing similar things.”

Local level Latino leadership builds on state and federal representation

It’s not just at the local level. Latinos are making inroads at the federal level too.

The 119th Congress has 56 Hispanic or Latino members. That shakes out to 10.35% of total membership, according to the Congressional Research Service.

For comparison, there were only 14 Hispanic or Latino members and all were male in the 99th Congress, 40 years ago.

At the start of 2025, there were seven Hispanic U.S. senators. That number decreased to six when then Sen. Marco Rubio resigned to become the Secretary of State, the first Latino to hold the position.

Last year also marked a record for Latinas at the state level. Latinas held 214, or 2.9%, of seats in state legislatures, according to the Center for American Women and Politics. That was up from 192 seats in 2024.

Currently, New Mexico Gov. Michelle Lujan Grisham is the only active Latina governor in the U.S. Only two Latinas have been elected governor in U.S. history, and both were in New Mexico.

In March, Gina Hinojosa won the Democratic nomination for governor, making her the second Latina to win a major party gubernatorial nomination in Texas.

Latinos saw the biggest rise in elected officials during the Trump administration in response to attacks on their fundamental rights, said Sampaio, the Santa Clara University professor. She said that trend is likely to continue as the administration continues its attacks on immigrant communities.

“We’re likely to see more Latinos run for office at the local level, at the state level and even at the national level in response to the attack on simply their existence,” Sampaio said. “It is unwittingly both terrorizing the Latino community as well as mobilizing communities.”

Figueroa writes for the Associated Press.

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