Category: Semafor

The chorus of voices criticizing US Treasury Secretary Scott Bessent’s bond buyback strategy grew Tuesday, with the harshest rebuke yet coming from a former mentor. “Governments defending prices against fundamentals always lose,” investor Stanley Druckenmiller argued — with the help of AI — in The Wall Street Journal. “The only ...

Shares in Chinese robot maker Unitree have retreated more than 45% from their debut peak, inflicting pain on retail investors and prompting bubble fears. “Investors were carried ​away by the technology revolution narrative,” a Beijing asset manager told Reuters. China’s newest corporate star, Unitree’s founder has downplayed expectations, saying the ...

The capacity of gas-fired power plants currently being planned to supply power to US data centers nearly doubled in the first half of 2026. A new study from Global Energy Monitor counted 189 gigawatts of gas-fired capacity in development in the first half of 2026. But it remains unclear if ...

Denmark’s state-owned export bank lent €100 million to build a large new wind farm in Ukraine. The project, which will use turbines from the Danish manufacturer Vestas and be operated by the Ukrainian agricultural company Kernal for both its own use and power sales to the country’s battered grid, stems ...

Saudi Crown Prince Mohammed bin Salman concluded a visit to France with a raft of agreements covering many of his top priorities including AI, geopolitics, and even his favorite pastime: video games. France has become the fourth-largest investor in Saudi Arabia, and MBS is returning the favor: A €6 billion ...

Kuwait is advancing its citizenship crackdown under new rules introduced Sunday that bar naturalized citizens from voting and replace paper nationality certificates with electronic ones. Naturalized citizens could previously vote once they had held citizenship for 30 years, though they could not run for office or be appointed to parliament. ...

A viral bakery in London has fired a warning shot at an alleged copycat in Khobar, whose owners had built an almost like-for-like replica in the Saudi port city. “It has recently come to our attention that a bakery is operating using our brand name and logo in Saudi Arabia,” ...

Canada is set to unveil retaliatory measures against the US in an expanding trade war between the erstwhile allies. US President Donald Trump yesterday threatened 50% tariffs on Canada’s auto and steel sectors, demanding Ottawa “fall in line”; his northern neighbor appears set on fighting back, with Canadian Prime Minister ...

The US cancelled planned military exercises with South Korea just weeks after scaling back separate drills with Seoul’s forces, amplifying worries in Asia over American support. The latest pullback was because of limited availability of US troops as a result of shortages caused by the Iran war; US President Donald ...

The Trump administration readied a fresh immigration crackdown that experts said could permanently damage the economy. White House officials said they would cancel the visas of 200,000 asylum seekers, potentially representing the single largest mass visa revocation in US history. The Trump administration also proposed charging more than $100,000 for ...