Category: Semafor

It’s that time of year again — private credit withdrawal season. Investors in Blackstone’s flagship private credit fund sought to yank 10% of their money this quarter, showing that the jitters engulfing the industry may be deepening. At Cliffwater’s main lending fund, the figure was 17%. Requests at both funds ...

, by Sufiyaan Salam. Composed in English and flavored with Pakistani Urdu and Arabic slang, this debut novel by a director of music videos for Elton John follows three young men of South Asian descent on a single boisterous evening on Manchester’s “Curry Mile.” A young Salam began reading James ...

President Donald Trump said Wednesday he will nominate acting Attorney General Todd Blanche to the AG position permanently. Blanche will face a tough road to confirmation in the Senate Judiciary Committee. Judiciary member Thom Tillis, R-N.C., told Semafor in April that Blanche’s statements about Jan. 6 put him in “dangerous ...

House Republicans aren’t having the best luck seeking higher office. Dusty Johnson of South Dakota and President Donald Trump-endorsed Randy Feenstra of Iowa both lost gubernatorial primaries this week, joining statewide primary losers Buddy Carter in Georgia and Wesley Hunt and Chip Roy in Texas. Those losses may multiply. Trump ...

The AI boom is creating considerable wealth, raising the question of who should share in it. Nvidia’s CEO this week pitched hundreds of family office and finance representatives on the “insane” returns they could get from investing in AI, Bloomberg reported. US Sen. Bernie Sanders, meanwhile, proposed a bill that ...

The News Barely a day after President Donald Trump signed an order on advanced artificial intelligence technology, the industry pivoted to harder lobbying of Congress to address the patchwork of state and local laws it’s contending with. But AI giants are likely too late, as prospects for passage of any ...

Some politicians and business leaders are claiming that China is driving the American backlash to data centers. A Republican lawmaker on Wednesday called for legal action against US nonprofits that he alleged are backed by China to sow opposition to the AI buildout. Canadian millionaire Kevin O’Leary recently claimed “nefarious ...

US President Donald Trump will attend the NATO leaders’ summit in Turkey in July, Washington’s top diplomat said Wednesday, relieving anxious European officials. Trump has lashed out at NATO and threatened to withdraw in recent months over alliance members’ reluctance to get involved in the Iran war. Transatlantic tensions are ...

Washington’s willingness to weaponize its technological dominance is pushing world powers to advance their efforts toward digital independence. The EU on Wednesday unveiled its plan to boost local players and reduce the continent’s reliance on foreign tech. Three American giants, Amazon, Microsoft, and Google, control more than two-thirds of the ...

Rwanda’s RSSB Tigers were crowned winners of this year’s Basketball Africa League Championship, capping off a record-setting season that looks set to buoy investor interest. Basketball, which for years has languished in football’s shadow, has gained a foothold on the continent since the NBA-backed BAL was founded in 2019. Matches ...