Category: Semafor

Tiisetso’s view South Africa on Tuesday faces a major test for a state already stretched and carrying the scars of violence from years prior. New civic movements working alongside established anti-migrant vigilante groups are demanding the removal of undocumented migrants and tighter border enforcement, setting their own deadline of June ...

, by Samuel Moyn. A Yale law and history professor, Moyn argues that America’s oldest generations wield disproportionate power, leaving younger Americans with diminished opportunities and influence. Drawing on demographic and economic data, he contends that growing concentrations of wealth and political clout have widened the generational divide, calling for ...

US investors are borrowing record amounts of money to make ever-bigger bets on the AI buildout, increasing their exposure and boosting the volatility of the market. The $1.4 trillion in margin debt, along with growth in high-risk exchange-traded funds that amplify the moves of underlying stocks, exacerbated swings in South ...

The News US-based nuclear energy startup Nano Nuclear is aiming to get its partnership with the UAE back on track after the Iran war delayed plans to identify sites to develop small modular reactors in the Gulf nation, its chief executive told Semafor. Nano Nuclear is also in early stage ...

Investment banks are growing increasingly upbeat about the prospects for the global economy following the US-Iran truce. Though beset by challenges, the interim deal — alongside a dampening of trade-war rhetoric and a surge in tech capex — is laying “the foundation for a period of strong and balanced global ...

The US said it and Iran agreed to halt hostilities, although Tehran had yet to confirm. The almost two-week-old truce has been under persistent strain, with the latest bout of attacks beginning after an Iranian projectile hit a cargo ship on Thursday, prompting strikes by the US, and then Tehran ...

The News South Africa is bracing for a potentially violent day of anti-migrant demonstrations on Tuesday, prompting shopping mall owners to privately “prepare for the worst” and risking further tainting Pretoria’s reputation as a safe emerging market. The protest, organized by a civic movement called March and March, follows months ...

Austria, the Czech ​Republic, Germany, and Poland sweat through record temperatures on Sunday, as a European heat wave reignited a political debate over the continent’s preparedness for hotter summers. The World Health Organization said the heat has caused more than 1,300 excess deaths since June 21, as some places hit ...

Thousands of migrants are fleeing South Africa as the country braces for violence after an anti-immigrant group set a Tuesday deadline for all undocumented migrants to leave. The unrest began in mid-March but has intensified, leaving at least three dead as vigilantes armed with spears, clubs, and whips assaulted migrants ...

The AI spending spree risks an extended “investment bust” that could imperil the global economy, a report warned Sunday. The Bank for International Settlements, which advises the world’s central banks, wrote in its annual report that lackluster returns on AI investment from tech giants — which are pouring billions into ...