Category: Semafor

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Fox-Roku deal poised to clear Justice Department scrutiny under consent decreeFox-Roku deal poised to clear Justice Department scrutiny under consent decree

The Scoop Fox’s $22 billion acquisition of Roku is poised to clear Justice Department scrutiny and move forward under a consent decree, according to people familiar with the deliberations, despite efforts from a right-wing ally of President Donald Trump to hold up the deal. It’s unclear what a consent decree ...

US automakers push for ban on Chinese vehicle importsUS automakers push for ban on Chinese vehicle imports

Major automakers urged US lawmakers to ban Chinese vehicle imports after midterm elections, as Beijing’s car companies rapidly expand in international markets. A US industry representative cited Europe — which has blamed China’s industrial overcapacity for costing European auto sector jobs — as a cautionary tale. BYD, China’s largest automaker, ...

Brazil selloff extends dismal run for Latin American marketsBrazil selloff extends dismal run for Latin American markets

The recent collapse of Brazil’s stock market following leftist President Luiz Inácio Lula da Silva’s reelection has extended a dismal run for Latin American equities, and analysts held out little hope for an imminent rebound. The region once drew major investment inflows as investors chased returns during commodity booms. But ...

Apple beats revenue estimates in CEO Ternus’ first earnings callApple beats revenue estimates in CEO Ternus’ first earnings call

Apple reported strong revenue growth Monday on sustained demand for its smartphones in CEO John Ternus’ first earnings call atop the iPhone maker. The company showed robust sales growth despite soaring memory costs, which have sandbagged other electronics makers, and which Apple blamed for a $100 price increase on iPhones. ...

Africa needs urban planning investment to deal with rapid city growthAfrica needs urban planning investment to deal with rapid city growth

Sub-Saharan African cities must invest in urban planning to create jobs for their rapidly growing populations, a new World Bank report said. Africa’s urban population is projected to nearly double to 1.7 billion by 2050, with Luanda, Lagos, and Kinshasa expected to lead the growth. Urbanization suggests a surge in ...

Kenya’s mobile subscriber base grows amid rising broadband demandKenya’s mobile subscriber base grows amid rising broadband demand

Rising demand for broadband services, the growth of mobile money, and other digital financial services boosted Kenya’s mobile subscriber base by nearly 10% to 78.4 million in 2025, according to S&P Global Market Intelligence. For a country of around 60 million, the continued rise in subscriber numbers points to a ...