Category: Semafor

AI companies are racing to lock down clients in the oil industry. A deal announced Monday between ADNOC and OpenAI was the highest-profile example in a broader push at ADIPEC by tech companies to pitch bespoke, AI-driven tools to help operate drilling rigs, refineries, and other oil assets. Thanks to ...

US President Donald Trump conceded the Iran war was the defining issue that drove a Republican pummeling in midterm elections, though analysts were skeptical that any long-term truce was on the horizon. Oil prices fell for a fourth successive day, with the international benchmark dropping to nearly $93 a barrel ...

French authorities were braced for a nationwide general strike over public services and cost-of-living concerns, demonstrations that showcase growing pressure on Europe’s social-welfare model. Today’s protests bring together students, labor unions, and the “yellow vest” movement, whose various demands include improvements to schooling, higher wages, taxes on the rich, and ...

US tariffs were a drag on Republicans in midterm elections, but President Donald Trump is unlikely to change tack on trade, experts said. Trump has sought to use tariffs to bolster domestic employment and cut trade deficits, but “each of these goals is wrong-headed, and neither has been met,” one ...

Global oil markets have shifted to a supply surplus, despite months of disruption caused by the war in the Middle East. JPMorgan estimated supply exceeded demand by 1.4 million barrels a day last month, driven largely by Middle Eastern exports returning to prewar levels, while HSBC forecast Saudi output will ...

Beijing called on the US and the EU to reconsider their levies on Chinese goods, as the country’s exports reached record highs. Beijing said it was willing to buy more US farm goods, but only if the two sides agreed to slash tariffs; while China recently restarted American soybean imports ...

The News In Piqua, Ohio, voters on Tuesday approved a ban on large data centers and recalled the commissioners who backed Meta’s massive project there. In Trenton, less than 50 miles south, a similar ban passed. And outside Columbus, the heart of Ohio’s data center boom, voters in Ashville repealed ...

The Republicans’ devastating midterm losses prompted heated recriminations, as well as unofficial campaigning for the 2028 GOP presidential nomination. President Donald Trump insisted he “wasn’t on the ticket,” after weeks of urging voters to “pretend I’m on the ballot.” A defiant White House was quick to pin blame on the ...

Republicans’ resounding defeat Tuesday prompted quiet jubilation in Europe and exultation in Iran, as foreign capitals sized up a domestically constrained White House. Tehran took credit for handing US President Donald Trump “a strategic defeat on the battlefield… and a POLITICAL DEFEAT in Washington,” following reports that Iranian negotiators stalled ...

A historic Democratic rout sounded the death knell for the Trump coalition, commentators argued. Republicans’ midterm wipeout on Tuesday marks the end of a nationalist movement based on “projecting invulnerability and ruthlessness,” Politico wrote, to which “so many executives and diplomats and generals and prime ministers chose to submit.” Still, ...