Category: Semafor

US inflation hit its highest level in three years in May, as the war in the Middle East drove energy prices higher across the country. But Thursday’s data suggested a broader problem across categories, with core inflation, which excludes volatile food and energy costs, also ticking up last month. Despite ...

Gulf billionaires are still snapping up some of Europe’s most expensive properties: A hospitality group owned by a Qatari royal family member is buying a Sardinian compound once known for its infamous “bunga bunga” parties. Villa Certosa was sold by the heirs of former Italian Prime Minister Silvio Berlusconi, who ...

The News One essential facet of US President Donald Trump’s overseas energy dominance strategy is proving slow to materialize. At a major Ukraine recovery conference today in Poland, Kyiv’s allies announced more than €10 billion in new business deals and aid packages. But notably absent were any new project investments ...

The AI data center boom is causing a new wave of inflation, data suggested. As oil prices drop with the Iran war quiescent, US consumers might hope price rises could level off. But demand for chips and energy is driving up costs for everything from smartphones to electricity. The inflationary ...

The WHO announced two trials of experimental anti-Ebola drugs to combat the fast-moving outbreak. The US will provide one of the new drugs, a shift in stance after previously saying it would only be available for at-risk Americans. More than 1,000 cases and 277 deaths have so far been confirmed, ...

A Mayan city was discovered in the Mexican jungle after being hidden for more than 1,000 years. Airborne laser mapping allowed researchers to peer through the dense canopy to detect the 37-acre settlement on the Yucatán peninsula; the team then hacked a three-mile path through the jungle with machetes to ...

EU authorities risk curbing investments in the continent’s energy transition because of a combination of a failure to integrate its capital markets and regulatory shortcomings, multiple bankers said during London Climate Action Week. European and UK regulations are too prescriptive about favored technologies in the energy storage sector, and officials ...

Ukraine’s biggest energy company is moving renewables to the forefront of its plan to rebuild a more secure grid after four years of devastating attacks. In DTEK’s first energy transition plan, published this week, the company committed to entirely closing down its fleet of coal-fired power plants and coal mines ...

Oil prices have landed back to near pre-war prices as the US and Iran projected progress in peace talks, and more tankers passed through the Strait of Hormuz than at any time since the conflict began. But US retail gas prices have stayed north of $3.90, prompting President Donald Trump ...

Fuel prices at Russia’s airports have spiked 17% in June, as the country’s energy crisis deepens due to intensified Ukrainian strikes on Russian refineries. Gasoline production this month is 25% lower than a year ago, and several regions have announced fuel rationing. Moscow’s biggest refinery, damaged in Ukraine’s largest-ever attack ...