Category: Semafor

US inflation hit a three-year high of 4.2% in May, as the Iran war drove up energy prices. Core inflation, removing energy and food prices, inched up to 2.9%. “The frustration for many Americans is that so many of the basics are up in price right now,” an economist told ...

Building data centers in space could be cost-effective by the early 2030s, analysis suggested. Right now, launch costs drive up orbital compute to roughly four times the price of terrestrial, SemiAnalysis wrote. But the cost difference could fall to 30% within five years, and if demand zooms upward, chip supply ...

Roughly 20% to 30% of operating expenses will come from spending on agents versus humans in the next three to four years, according to a new report summarizing the views of C-suite leaders from consultancy Bain & Company. Businesses looking to get a leg up on competitors say they are ...

Roughly 20% to 30% of operating expenses will come from spending on agents versus humans in the next three to four years, according to a new report summarizing the views of C-suite leaders from consultancy Bain & Company. Businesses looking to get a leg up on competitors say they are ...

David’s view As Tom Steyer became the least successful self-funding candidate in modern US political history this week, his initial years in Democratic politics felt like a fever dream. Steyer, who liked to say that he became a hedge fund billionaire “by accident,” joined Democratic politics at the start of ...

David’s view As Tom Steyer became the least successful self-funding candidate in modern US political history this week, his initial years in Democratic politics felt like a fever dream. Steyer, who liked to say that he became a hedge fund billionaire “by accident,” joined Democratic politics at the start of ...

Oman announced $9 billion worth of projects involving investors from Asia, Europe, and the Middle East — a sign of how the country is proving more able than some in the region to handle the disruption caused by the Iran war. They include a slate of 10 deals in the ...

Early in 2026, it looked like Gulf businesses were in for a banner year. The region’s listed companies saw net profits rise 15.5% to a record $67.9 billion in the first quarter, according to a report by research firm KAMCO Invest. Saudi Aramco led the way by making $32 billion ...

Kelsey’s view Organizers feared a subdued annual gathering for Abu Dhabi’s seven-year-old entrepreneurial center Hub71; the vibe at the event this week was anything but. There were hundreds of attendees — entrepreneurs, investors, academics, and corporates — noshing on handouts of poke bowls and mango popsicles, with one founder wearing ...

Foxconn, the world’s biggest electronics manufacturer, said it will invest in one gigawatt of solar and wind energy production in Vietnam, where energy supplies have been upended by the war in the Middle East. The southeast Asian country imported almost 80% of its oil from Kuwait before the start of ...