Category: Semafor

Brazil said it would reciprocate after the US imposed 25% tariffs, a move that has shaken up the South American country’s economy and politics. Brasília — a rarity on the continent for running a trade deficit with Washington — also unveiled a $2.6 billion package to support the worst-hit industries. ...

The News Nuclear power is key to bolstering energy security in Africa, but its rollout on the continent requires workforce training and safety regulations, according to a leading industry expert. The Iran war has injected fresh urgency into the need for homegrown energy solutions on the continent, as fuel deliveries ...

The Scoop TAWAL, the telecom tower company controlled by Saudi Arabia’s sovereign wealth fund, is in talks to acquire more than 10,000 sites from the kingdom’s second-largest mobile operator, according to people familiar with the matter. The multibillion-dollar deal would involve Public Investment Fund-backed TAWAL buying the assets from Mobily, ...

The News DR Congo’s government will consider changes sought by mining companies to a proposed overhaul of the country’s mining laws, a government spokesman told Semafor, as executives warned that repeated shifts in the rules could deter investment. “If there are concerns or points raised by our friends in the ...

Andy Burnham will become the UK prime minister today, facing the same list of economic and political problems that undermined several predecessors. Britain has low growth, high inflation, and heavy debt, and he is constrained by his own fiscal pledges. The country also lacks energy infrastructure and housing, but struggles ...

Andy Burnham becomes the UK’s new prime minister on Monday, and fixing Britain’s economy will be at the top of his agenda. Sluggish growth, high public debt, and elevated government borrowing costs are among his challenges. In his first speech as Labour Party leader on Friday, Burnham declared: “I have ...

Spain defeated Argentina to win the FIFA men’s World Cup on Sunday, capping a tournament that was broadly seen as a success for the North American host nations. Fans showed up despite fears that high ticket prices would keep them away and concerns that the US’ immigration crackdown would deter ...

China’s Jingye Steel is seeking compensation from the British government over the nationalization of its former steel production complex in England, further straining relations between London and Beijing. The UK government brought British Steel under the state’s control last year and took full ownership last week, citing national security considerations ...

A global AI memory shortage threatens to morph into a geopolitical fight as more countries campaign to shore up their own supply, a South Korean tech executive said. Prices for memory chips have skyrocketed in recent months as supply has failed to keep up with demand stemming from the AI ...

Two major global conflicts — in Iran and Ukraine — are both entering stages of serious escalation. In the Middle East, the deterioration of the US-Iran ceasefire has reignited fears of a prolonged regional war; the American defense secretary said the Iranian attack that killed two US soldiers in Jordan ...