Lost wars are supposed to provoke soul-searching. In America, they usually bring historical revisionism instead. When once-good wars go bad, Americans tend to conclude that there was never anything redeeming about them in the first place. This impulse is already coloring the debate over Afghanistan. It won’t help the US recover or learn from defeat. Much of the flourishing “who ...

Bloomberg Siam Makro Pcl surged as much as 24% after Thailand’s biggest operator of cash-and-carry stores announced a plan worth about 218 billion baht ($7 billion) to take control of retailer Lotus from other affiliates of the Charoen Pokphand Group. The share-price gain was the biggest since August 2013, with the deal leading to Siam Makro taking a 76% stake ...

Bloomberg Airbus SE secured an order for 36 single-aisle planes from UK leisure carrier Jet2 Plc, picking off a Boeing Co customer with steep discounts as it seeks to regain sales momentum. The A321neo jets, scheduled for delivery over five years through 2028, are valued at $4.9 billion before “significant discounts,” Jet2 said in a statement. The number of planes ...