Category: Semafor

The yen fell to its weakest level against the US dollar since 1986, raising the prospect of renewed intervention from Japanese authorities. The currency slid as investors turned to the dollar on expectations that the US Federal Reserve could raise interest rates this year; Japan faces other structural pressures like ...

German politicians vowed Monday to prevent Volkswagen from cutting 100,000 jobs, as Berlin confronts the scale of the country’s industrial woes. The automaker’s reported planned layoffs and factory closures could amount to one of the biggest corporate reductions in history. It shows the “growing desperation” of Germany’s automotive sector, under ...

The UK’s likely next prime minister pledged to redistribute political clout across the country, setting up a “No. 10 North” in Manchester. In a major policy speech outlining his goals, former Greater Manchester mayor Andy Burnham on Monday promised “the biggest change in our lifetimes to the way the country ...

China is emerging from the Iran war energy crisis with clear economic and geopolitical advantages, a new report argued. China’s oil stockpiles and deep push into renewables helped shield the country from the worst of the disruptions from the Strait of Hormuz’s closure, unlike several Asian economies, which had to ...

The News The US Supreme Court ruled 5-4 Monday that President Donald Trump cannot fire Federal Reserve Gov. Lisa Cook while she contests his administration’s unproven allegations of mortgage fraud, dealing a crucial blow to his pressure campaign of the central bank. However, in a separate 6-3 ruling, the justices ...

Rohan’s view Brian Roberts spent 24 years building Comcast into one of the largest conglomerates in the US, a juggernaut that owned the media on your screen, the pipelines that delivered it, and the platforms that served it up to you. Now Comcast is poised to undo all of it. ...

This year’s World Cup is already the most successful tournament for African nations on record, even after South Africa’s elimination by Canada on Sunday. Nine of the 10 participating African teams progressed to the knockout stage, and while they have benefited from an expanded tournament — 48 instead of 32 ...

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 ...