Category: Semafor

Africa is facing a hunger crisis as soaring food costs sparked by the Iran war compound the toll of foreign aid cuts and erratic weather that has already devastated crops. Clinics treating malnourished children in Somalia have had to cut rations, with almost 500,000 children under five in the country ...

Asian economies are proving resilient in the face of the energy shock sparked by the Iran war, though analysts warn of higher and persistent inflation. Experts feared that Asian economies — which imported 90% of the oil traversing through the Strait of Hormuz before the war — could be devastated ...

China’s CATL, the world’s biggest battery maker, raised $5 billion in a Hong Kong listing, welcome news for the firm as it looks to leverage booming demand amid soaring fossil fuel prices. The company — which last week unveiled a landmark car battery with a 1,500-kilometer (930-mile) range that takes ...

Brazilian plane maker Embraer reported a record $32 billion backlog at the end of the first quarter as carriers flocked to its highly fuel-efficient E-Jet amid a global jet fuel crunch. The record demand comes even as the São Paulo-based firm delivered 44 planes in the first quarter of 2025, ...

Israel will see “another year of fighting on all … fronts,” the country’s army chief of staff said. Since 2023, Israel has been embroiled in conflicts in Gaza, Lebanon, Iran, and Yemen. Eyal Zamir said the strains on Israel’s armed forces have created an urgent need to increase military recruitment. ...

King Charles III and Queen Camilla arrived at the White House on Monday, marking the first such visit by a British monarch in nearly two decades. The trip comes at a particularly fraught time: two days after an alleged assassination attempt on US President Donald Trump, and eight weeks into ...

European air travel faces growing challenges from fuel price hikes, falling demand, and regulatory pressure, investment analysts warned. Apollo Investment Group’s chief economist said that Britain, France, and Germany — along with Australia — were the countries most vulnerable to rising jet fuel prices. Morgan Stanley told investors that it ...

India hit a record high demand for power over the weekend as a heat wave hit swaths of the world’s most populous nation. The surge, driven by household air conditioning use, points to the challenges facing India as it grapples with fossil fuel shortages from the Iran war. New Delhi ...

Tensions between the EU and China have flared up across diplomatic and economic channels. China on Monday attacked the bloc’s Made-in-Europe strategy aimed at promoting local industry and threatened to retaliate; Beijing also chastised Brussels for including Chinese companies in its latest anti-Russia sanctions package. The escalations come as new ...

The News Republicans will find it very difficult to make good on their vows to fast-track President Donald Trump’s White House ballroom, even after Saturday night’s White House Correspondents’ Dinner attack targeting him and his administration. Democrats are not convinced that the $400 million ballroom is needed, seeing little connection ...