Category: Semafor

The Scoop Benefit Street Partners, the $92 billion private credit manager owned by Franklin Templeton, is looking to expand into the Gulf region despite the outbreak of war with Iran a month ago. The firm is considering entering the region through a partnership with a local bank or fund, or ...

Government bonds in the US, UK, Germany, and Japan rose Monday as concerns ballooned about an economic slowdown driven by the war in the Middle East. US Treasury yields had risen in the last month on bets the war would fan inflation; that thinking has morphed into fears of a ...

China appears to be restarting its purchases of US oil and gas as the Iran war disrupts shipments from the Middle East. Beijing stopped buying American crude and LNG last year after US President Donald Trump’s tariff salvo triggered a trade war. But Kpler data showed nearly 600,000 barrels of ...

Air Canada’s CEO will step down this year following criticism over his English-only condolence message in response to a deadly collision in New York last week. Michael ​Rousseau faced backlash for not issuing a statement in French: The country’s largest airline is based in French-speaking Quebec, and one of the ...

Wikipedia banned the use of AI models “to generate or rewrite” its articles. The policy replaced more broad language saying that AI should not be used to generate articles “from scratch,” but leaves it open for contributors to use the technology in copy-editing and translation. The move represents the mood ...

US stocks dipped and oil prices surged Monday after President Donald Trump escalated his threats against Tehran. Even as Trump hailed “great progress” in talks, he warned that the US would “obliterate” Iran’s oil wells, power plants, and offshore terminal at Kharg Island if Tehran did not reopen the Strait ...

South Africa appointed a career diplomat as the acting head of its Washington embassy, as it stalls on naming a new official ambassador. Thabo Thage’s appointment as the de facto head of mission allows him to negotiate and sign agreements at a time of heightened diplomatic tension between the countries. ...

Sun King, the world’s largest off-grid solar company, plans to invest $150 million to bring solar power to Ethiopia by 2030, according to a deal with the Ethiopian Investment Commission. The Kenya-based firm, which already operates in 14 African countries, aims to reach 2 million Ethiopian households and businesses by ...

The resignation of a top executive at Africa’s football governing body raised questions about the organization’s integrity following a controversial ruling that stripped Senegal of its African Cup of Nations title. Veron Mosengo-Omba, a Congolese official who in 2021 rose to second-in-command at the Confederation of African Football, said he ...

A promised cure for sickle cell disease could be revolutionary for populations in Africa, where around 80% of the globe’s cases are found. While treatment options for the inherited blood disease have long been available, scientists now believe that a cure for sickle cell may lie in gene-editing, a process ...