Category: Semafor

China on Wednesday ordered organizations and individuals not to comply with an EU probe of e-commerce giant JD.com’s acquisition of a German electronics retailer, escalating tensions between Brussels and Beijing. It’s the first Chinese takeover to be investigated under the bloc’s rules that scrutinize firms receiving foreign subsidies. Beijing said ...

Israel’s military said Wednesday it was launching criminal investigations into attacks that killed a Palestinian child and 15 Palestinian paramedics, the first such probes into troop conduct in Gaza. The incidents had provoked international scrutiny of the country’s assault on Gaza. The rare move, The Wall Street Journal wrote, reflects ...

The Scoop China’s equivalent to YouTube is making a play for the rest of the world and courting non-Chinese creators to boost its appeal. Bilibili this week relaunched its previously discontinued international app and quietly disclosed plans to launch an English-language website and staff up in key markets around the ...

SK Hynix announced it would buy back and cancel more than $28.6 billion of its shares, as the world’s second-biggest memory chipmaker acted to boost investor confidence after its shares sank Wednesday. Hynix raised more than $26 billion last month, in the largest share sale by a non-US company, as ...

Africa Finance Corporation raised 350 million Swiss francs ($430 million) through a five-year digital bond, giving investors another way to back infrastructure across the continent. The deal is the first by an African institution to be listed, traded, and settled on a regulated digital exchange. The bond will be deposited ...

Saudi Arabia’s state-owned mining company Maaden is tapping oil giant Aramco for technical expertise as it accelerates efforts to survey the kingdom for copper, zinc, and other minerals crucial to the energy transition. The two firms have formalized a joint venture that will combine Aramco’s geospatial data with Maaden’s mining ...

DP World is pushing ahead with an $800 million redevelopment of Syria’s Mediterranean port of Tartous, the latest evidence of the country attracting much-needed capital from the Gulf. The Dubai-based port operator has delivered three mobile cranes that will increase Tartous’ cargo handling capacity by 40%. In the past two ...

by Matthew Futterman. In the wake of this year’s Wimbledon and ahead of the US Open, this timely book from The Athletic’s Matthew Futterman details the unique psychological toll that professional tennis can take — particularly on its greatest stars. Filled with biographies of icons from Björn Borg to Serena ...

Markets climbed on news that the US Treasury would double its purchases of long-term bonds, after yields soared to multi-year highs. Yields on the longest US bond pulled back from their highest levels since 2007 on the announcement, as the White House — instead of waiting for the Federal Reserve ...

The News Sen. Elizabeth Warren, D-Mass., will announce on Wednesday that she is transferring $600,000 from her campaign account to Democratic committees working on the midterms, according to details first shared with Semafor. The progressive senator will send $300,000 to the Democratic Senatorial Campaign Committee, $200,000 to the Democratic Congressional ...