Nigeria’s daily crude oil production reached its highest level in six years last month following a government push to improve security along pipelines, the chief regulator of oil producing companies said. Oil receipts account for more than 90% of Nigeria’s foreign exchange earnings. Its $50 billion budget for this year ...
Category: Semafor
Category Added in a WPeMatico Campaign
The missing link in Africa’s infrastructure boomThe missing link in Africa’s infrastructure boom
Across Africa, governments have spent decades announcing ports without thinking about connecting railways, highways without paved feeder roads, and pipelines without ancillary terminals. Each project may make sense on its own, yet too many struggle because the surrounding infrastructure is so patchy. Nigerian billionaire Aliko Dangote’s decision to build a ...
Saudi reshuffle shows pressure on underperforming industriesSaudi reshuffle shows pressure on underperforming industries
Matthew’s view Saudi Arabia reshuffled the leadership of its mining and defense sectors, in a sign of renewed pressure on lagging areas of the economy sectors that are key to the kingdom’s diversification plans. Energy Minister Prince Abdulaziz bin Salman will now oversee the Industry and mineral resources ministry, replacing ...
Middle East venture capital collapses as international investors retreatMiddle East venture capital collapses as international investors retreat
The News Venture capital deal-making in the Middle East has collapsed to a five-year low amid the Iran war, jeopardizing the growth of startups that are an engine for jobs, innovation, and non-oil revenue. The number of deals in the Middle East and North Africa in the first half of ...
‘Coalition of the Willing’ meets in Paris to discuss more Ukraine aid‘Coalition of the Willing’ meets in Paris to discuss more Ukraine aid
Ukraine’s allies gather in Paris today to discuss further military aid for Kyiv, but Europe is still struggling to wean itself off Russian gas. The “Coalition of the Willing,” a grouping led by France and the UK, has expanded to 37 members, mostly European. It is expected to back new ...
Europe reports 10,000 excess deaths during last month’s heatwaveEurope reports 10,000 excess deaths during last month’s heatwave
Europe reported more than 10,000 excess deaths during June’s record-breaking heatwave, new data showed, with analysts bracing for a higher toll as forecasts point to higher temperatures. Recent mercury spikes have also led to wildfires across much of Southern Europe, including blazes that killed 13 in Spain last week. Meanwhile ...
Mamdani squares off with ‘The View’Mamdani squares off with ‘The View’
The News Last week, Semafor reported that some of New York City Mayor Zohran Mamdani’s allies were frustrated with ’s recent political coverage, particularly after right-leaning host Sara Haines’ remarks about New York Democratic congressional nominee and fellow democratic socialist Darializa Avila Chevalier. “I’m gonna full-blown call her an antisemite. ...
Russian spies use Japan as base, report saysRussian spies use Japan as base, report says
Russian spies who descended on Japan in recent years are now central to smuggling battlefield technology to Moscow — apparently right under the nose of the authorities in Tokyo, The New York Times reported. The operatives were expelled from Western nations after the 2022 invasion of Ukraine; now, in Japan, ...
Ukraine pursues a government shakeupUkraine pursues a government shakeup
Ukraine’s prime minister stepped down on Sunday, as President Volodymyr Zelenskyy oversees a sweeping government reorganization spurred by a new “political strategy.” Zelenskyy said the overhaul would sharpen Ukraine’s focus on priorities including US security cooperation and EU accession, aiming to accelerate weapons deliveries and strengthen diplomatic ties as Ukraine ...
South China Sea feud simmers 10 years after rulingSouth China Sea feud simmers 10 years after ruling
China on Sunday blasted a US-led coalition that marked the 10-year anniversary of an international arbitration ruling rejecting Beijing’s claim over vast portions of the South China Sea. The group of 14 nations, which includes Japan and the Philippines, opposed “any destabilizing or unilateral actions” that threaten regional stability; China ...