Category: Semafor

The US is reportedly in talks with Venezuela’s interim government to take a “massive” stake in the South American country’s oil resources. The proposed deal would give Washington part ownership of fields containing 90 billion barrels’ worth of proven crude deposits, more than doubling US reserves. “Calling this deal huge ...

Economists, executives, and investors will closely watch US Federal Reserve Chair Kevin Warsh’s speech today for clues about future central bank policy, and whether he will be more open about his outlook for the economy. Traders are overwhelmingly betting that the Fed will raise rates at least once over the ...

Wheat futures hit their highest level in more than three years as the war in Ukraine strained supplies, further weakening the global food system. Kyiv and Moscow have stepped up attacks on the Black Sea — a key transit route for a large share of global grain exports — as ...

The US campaign to inflict economic pain on Iran is squeezing the Iranian people, but is unlikely to move their leaders to end the war, analysts argued. The threat of sanctions triggered panic buying for food and fuel this week, The Wall Street Journal reported, sparking small labor demonstrations across ...

The News FARMINGTON HILLS, Mich. — President Donald Trump’s trade war with Canada is handing a political gift to Democrats in this pivotal battleground state. Democratic candidates across Michigan are unifying against Trump’s 50% tariffs on an array of Canadian goods, hitching Republicans to a trade battle against a trusted neighbor ...

Russian-speaking hackers used SpaceX’s Cursor AI agent to breach a Belgian chemical company and six other firms in recent months, in the latest instance of cybercriminals circumventing AI firms’ safety guardrails. The hackers recruited the agent for hundreds of attacks by telling it the exercises were part of a simulation, ...

As Shein prepares to go public in Hong Kong for $27 billion — roughly a fourth of its valuation four years ago — the Chinese fast-fashion giant is plotting an ambitious comeback through stepped-up dealmaking. Shein is pursuing what is internally described as a plan to become the “Amazon Web ...

European soccer’s governing body is preparing a criminal complaint against FIFA President Gianni Infantino for alleged “criminal mismanagement,” following the spectacular collapse of his effort to sell private stakes in the World Cup. In Thursday’s court filings, UEFA attorneys accused Infantino and a “small circle” of devising the now-scrapped vehicle ...

Jon Gray, chief operating officer of the $1.3 trillion asset manager Blackstone, says one of the firm’s distinguishing habits is to “go big” when it finds a theme it believes in. But he also says successful convictions need to be challenged, particularly as Blackstone invests heavily around artificial intelligence. “You ...

by Heather Lenz. The 2018 documentary follows the late Japanese artist Yayoi Kusama, who died this month at the age of 97, from her conservative upbringing in Nagano, through her emergence as one of the mid-20th century’s leading artists, to her startling 1977 decision to live out the rest of ...