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FirstFT: Google burns through $6bn in cash amid AI infrastructure splurge
Also in today’s newsletter: Houthis attack two Saudi tankers and Jes Staley on Capitol Hill
Financial Times Global Economy
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Indonesian Stocks Rise 20% From Low in June, Set for Bull Market
A rally in Indonesian stocks put the nation’s benchmark index on track for a bull market, helped by a regional rebound as well as a recent credit-rating announcement.
Financial Post
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Half of Economists Still See BOJ Waiting Until December to Hike
Half of surveyed economists still expect the Bank of Japan to wait until December to bump its benchmark interest rate higher, with Prime Minister Sanae Takaichi’s government seen as a key obstacle to further action, according to a Bloomberg survey.
Financial Post