Category: Semafor

LIV Golf, the Saudi-backed challenger to the US PGA Tour, could file for bankruptcy within days, the Financial Times reported, as the kingdom shifts position on several high-profile projects. The Saudi Public Investment Fund founded LIV in 2022, attracting several top players with high wages, but said this year it ...

The News The mass abduction of hundreds of people from mosques in northern Nigeria this month was at once shocking and yet unsurprising: The targeting of civilians by insurgents and bandits has surged compared to last year, and the three months through June were the most violent in at least ...

Asian diesel exports to Africa have soared to a multi-year high as the war in the Middle East continues to roil global energy markets. Before the start of hostilities, Africa relied on the Gulf for a large share of the fuel it consumes, importing roughly $90 billion’s worth a year. ...

Axel Springer is expanding in the Middle East, joining a growing number of Western publishers with an editorial presence in the region — and testing a key pillar of its editorial beliefs. Last week, the German news media giant announced that it is investing in The Circuit, an Abu Dhabi-based ...

Iceland voted against resuming talks to join the European Union, officials announced Sunday, as concerns over sovereignty trumped arguments for European integration. Icelandic voters rejected the measure amid widespread concern over maintaining control over fishing rights, a backbone of the country’s economy. The vote, which showed domestic concerns overriding geopolitical ...

Rogue OpenAI agents’ unprecedented coordination during the Hugging Face attack significantly increases the risk of AI escaping human control, analysts said, days after investigators released a bombshell report into the incident. Totaling 1,200 agents, the swarms justified the self-described “sacrifice” of individual agents to further the aims of the “collective” ...

Nepal’s catastrophic landslides — which have killed hundreds with thousands more unaccounted for — underlined the plight of developing nations in climate disasters: They are not large emitters but are disproportionately affected. Accelerating snow and glacier melt likely caused a glacier to break off and slam into a valley more ...

US President Donald Trump announced Friday that the US had secured majority control over more than 65 billion barrels of Venezuela’s oil reserves, expanding Washington’s influence over the country’s energy industry. Under the agreement, a joint company comprising the US government and a Venezuelan private operator will receive a 100-year ...

US Federal Reserve Chair Kevin Warsh’s hawkish Jackson Hole speech on Friday eased fears that the central banker wouldn’t raise interest rates to tackle inflation, as the odds of a September hike jumped. Though Warsh “was keen not to provide forward guidance… his words smacked of forward guidance,” ING analysts ...

The Scoop Three Saudi companies have scrapped plans for initial public offerings that were scheduled over the next month because of expectations of weak investor demand as the Iran war weighs on sentiment, according to people familiar with the matter. The decision suggests the companies believe that foreign investors remain ...