The News Africa’s richest man Aliko Dangote is considering plans to list shares of his Nigeria refinery business on a US stock exchange within the next four years following the launch of its initial public offering, the continent’s largest ever. The share sale, which kicked off in Lagos on Monday, ...
Category: Semafor
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Few took the Houthis seriously. A coalition is now needed to stop them.Few took the Houthis seriously. A coalition is now needed to stop them.
Jason’s view On September 15, Saudi Arabia issued alerts for Mecca, Jeddah, and Taif. They were soon lifted and no impact was reported. The threat came after the Houthis, the Iranian-backed militia controlling northern Yemen, swept down Yemen’s Red Sea coast. They took Mokha, a port city near the coast’s ...
The US Federal Reserve is expected to raise rates todayThe US Federal Reserve is expected to raise rates today
The US Federal Reserve is likely to raise rates today, a move that many economists say is necessary to corral inflation, but which will put the central bank’s chair in conflict with the White House. The expected quarter-percentage-point hike is one of at least four that traders are betting on ...
Colombia to resume aerial spraying of cocaine cropsColombia to resume aerial spraying of cocaine crops
Colombia said it would resume aerial spraying of coca crops for the first time since 2015, as Medellín heeds US calls to combat record cocaine production. The trial initiative sprang from recent talks between Colombia’s new rightist president and US Secretary of State Marco Rubio, The New York Times reported; ...
China ramps up US soybean purchases ahead of summitChina ramps up US soybean purchases ahead of summit
China bought at least 1 million metric tons of US soybeans last week, Reuters reported, as the country ramps up purchases ahead of Chinese leader Xi Jinping’s visit to Washington this month. Beijing has now fulfilled more than half of the 25 million-ton annual target it committed to through 2028 ...
Musk calls for cooperation between US, China AI labsMusk calls for cooperation between US, China AI labs
A sweeping AI deal during US President Donald Trump and Chinese leader Xi Jinping’s meeting next week is unlikely, despite some tech leaders calling for cooperation. Elon Musk proposed that the countries’ top firms could evaluate one another’s models before release, while OpenAI’s CEO said Xi and Trump could win ...
US diesel hits record highs as oil supply fears mountUS diesel hits record highs as oil supply fears mount
US diesel prices hit record highs Tuesday, as executives warned that the monthslong crunch in oil markets was entering its most acute phase. Commercial and strategic oil stockpiles are running low, and the buffers helping “mitigate the price and supply risk… have largely now played out,” Chevron’s CEO said. Saudi ...
US 10-year yield hits highest level since 2007US 10-year yield hits highest level since 2007
US Treasury Secretary Scott Bessent defended his bond buyback program in contentious congressional hearings Tuesday, as the 10-year Treasury yield climbed to its highest level since the 2007 global financial crisis. Bessent suggested the spike could have been worse without Treasury’s intervention; he also defended a separate operation to prop ...
AI biotech Isomorphic Labs is not slowing down, exec saysAI biotech Isomorphic Labs is not slowing down, exec says
The News Not all AI companies want to slow down. Chris Butler, who runs drug discovery at Isomorphic Labs, the Google-backed drug company started by DeepMind founder Demis Hassabis, pushed back against the suggestion that calls by OpenAI, Anthropic, and other AI leaders to pace frontier would slow his company ...
Slotkin, Peters urge fellow Democrats to help El-SayedSlotkin, Peters urge fellow Democrats to help El-Sayed
The Scoop Michigan Democratic Sens. Elissa Slotkin and Gary Peters will implore their colleagues on Tuesday afternoon to help Democratic nominee Abdul El-Sayed in the state’s must-win Senate race, according to a person familiar with their plans. The duo will ask the Democratic Caucus at its first full meeting since ...