HAMMACK (Federal Reserve) said the main current concern is the public losing confidence that inf will return to 2%.

Meituan (03690.HK) is set to report Q2 results on Friday; a FactSet consensus of nine analysts expects a CNY1.43bn net loss versus a CNY365.3m net profit a year earlier, with revenue of CNY101.56bn versus CNY91.84bn a year earlier. OCBC says food-delivery unit economics should turn profitable in Q2 as subsidies ease and expects Meituan’s core local commerce revenue to rise about 4% in Q2. Douyin’s shift toward profitability should reduce competitive pressure on Meituan’s in-store business. DBS Group has raised Meituan’s 2026 and 2027 profit forecasts by 4% and 6%, respectively, citing delivery business improvements.

MTN Group will form a joint venture, Africa Data Hub Holding, with Dubai investor Tarik Al Ashram to develop AI data centers in Africa. Al Ashram will invest via his investment company. MTN CEO Mupita said the JV will initially deploy 150 MW of AI data-center capacity. The venture plans sites in Nigeria and South Africa to process MTN workloads and lease capacity to hyperscalers, corporates and governments. World Economic Forum data shows Africa accounts for under 1% of global AI data-center compute.