The News Bosnian Croat leader Dragan Čović has tapped Trump-linked firm Mercury Public Affairs to lobby for his party, according to Justice Department filings, in a first step toward competing with the country’s Serbian politicians who’ve continued to ply K Street with money. Bosnia’s Republika Srpska has signed lobbying contracts ...
Category: Semafor
Category Added in a WPeMatico Campaign
Hormuz closure dents DP World earningsHormuz closure dents DP World earnings
The News DP World weathered a near-collapse in traffic at its flagship Jebel Ali port in the first half of the year, as the closure of the Strait of Hormuz forced it to reroute cargo overland through other ports in the UAE and neighboring countries. Container throughput at Jebel Ali ...
There’s a new status quo in HormuzThere’s a new status quo in Hormuz
US President Donald Trump said this week the US effectively “owns” the Strait of Hormuz, but it might be more accurate to say that in practice, it belongs to the loose cohort of oil tankers that have established what could be a new status quo. While hourly headlines send the ...
US inflation rises 0.1% in July, easing pressure on FedUS inflation rises 0.1% in July, easing pressure on Fed
US consumer inflation rose mildly, increasing 0.1% in July, in line with economists’ expectations. The results, which put the annual rate at 3.4%, ease pressures on the Federal Reserve as it weighs an interest rate hike in September. The inflation data, along with a weak July jobs report, bolster the ...
China’s economic reformer Zhu Rongji dies at 97China’s economic reformer Zhu Rongji dies at 97
Former Chinese Premier Zhu Rongji, a leading architect of the country’s economic rise, has died aged 97. Zhu’s signal accomplishment was steering China into the World Trade Organization in 2001, after laying the groundwork with a host of reforms: overhauling the tax system, commercializing state banks, and smashing the “iron ...
Los Angeles Lakers sold for record $12.5 billionLos Angeles Lakers sold for record $12.5 billion
Former Disney chief Bob Iger and investor Josh Kushner are buying the NBA’s Los Angeles Lakers for a record-setting $12.5 billion, just 14 months after the team sold for $10 billion. Valuations for professional sports franchises have soared to eye-popping levels, as billionaires search for a dwindling number of trophy ...
German cabinet approves new spying rulesGerman cabinet approves new spying rules
Germany’s cabinet approved new rules for its spies Wednesday to lift World War II-era restrictions on offensive cyber operations, sabotage, and espionage. The changes augur a “revolution” in Berlin’s intelligence infrastructure, the German interior minister said, fueled by a growing perception across Europe that the threat of Russian sabotage and ...
AI trade surges on firms’ cloud earningsAI trade surges on firms’ cloud earnings
Cloud provider CoreWeave’s stock surged 19% Wednesday, as it joined a parade of firms providing critical AI infrastructure for hyperscalers reporting record demand. Taiwanese electronics maker Foxconn also beat forecasts, with cloud and networking services accounting for more than half of its revenue for the first time. The race to ...
Africa gets new sovereign bond ETFAfrica gets new sovereign bond ETF
A new African sovereign bond exchange-traded fund has launched with up to $250 million in commitments. Its backers are betting it can help unlock a much bigger market for African sovereign debt and help reduce borrowing costs. Managed by Legal & General, the ETF tracks an African sovereign bond index ...
Hong’s defeat shows the left evolving further away from 2020Hong’s defeat shows the left evolving further away from 2020
David’s view Over the last few days, as Francesca Hong’s Wisconsin gubernatorial campaign came undone over a tweet condemning the colonialist origins of Thanksgiving, I flashed back to September and a debate between two Democratic strategists. On one side of the Persuasion 2025 stage was Sarah Longwell, a former Republican ...