Category: Semafor

Some board members of global oil-and-gas giant BP are in favor of breakup of the company, according to people familiar with the matter, following years of smaller spinoffs that have failed to assuage pressure from investors to boost returns. No decision has been made, and CEO Meg O’Neill appears to ...

Israeli Prime Minister Benjamin Netanyahu’s coalition took a slight lead in a tight election race, defying exit poll projections, though he remained short of the numbers required to form another government. Critics argued the results signaled voter disillusionment with Netanyahu’s leadership, but it was not clear the opposition bloc would ...

The Finnish and Norwegian leaders broke a Western European taboo and held talks with Russia’s president, sparking division on the continent as it pushes to strengthen backing for Ukraine. The 90-minute telephone conversation was met alternatingly with anger and acceptance in Europe, which has largely sought to make Moscow a ...

Defeated presidential candidate Flávio Bolsonaro reportedly fled Brazil for the US following his election loss, sowing doubt over the future of the right in the country and South America more broadly. Bolsonaro — who faces a corruption investigation but lost his legal immunity after resigning as a lawmaker to run ...

South Korean chip giant SK Hynix reported a sevenfold increase in third-quarter profits from a year ago, the latest sign of a tech boom driving nationwide economic growth. The earnings, which were powered by surging demand from the AI infrastructure buildout, come after official data showed South Korea’s GDP growth ...

The News A Nigerian entrepreneur who co-founded two billion-dollar African startups and was a founding investor in a third is making another bold bet: that African software engineers will fill the rising global demand for AI talent. Iyinoluwa Aboyeji has started Talent Nation to supply developers to multinationals, providing the ...

China’s “national team” of huge state funds has injected billions of dollars into stocks to arrest a weekslong slide, as the country’s flagging markets officially entered bear territory. Coming days before the Communist Party’s Fifth Plenum, the intervention may have helped “prop up the market,” a Chinese financial commentator said, ...

The White House offered a visa to Flávio Bolsonaro, Semafor first reported Tuesday, as the Donald Trump ally reportedly fled to the US to evade corruption charges following his defeat in Brazil’s presidential election. Bolsonaro’s loss comes as the Trump administration’s “Donroe Doctrine” to reassert hegemony over Latin America is ...

The EU is lobbying G7 nations to step up their support for Ukraine to help offset an expected drop in funding next year. Non-EU allies have pledged only $4.5 billion for 2027, the Financial Times reported, down from more than $20 billion this year, applying further pressure to strained government ...

US consumer sentiment rose in October for the first time in four months, helped by easing retail gas prices, but a gloomy economic outlook continues to cloud Republicans’ midterm prospects. Despite the increase, “confidence remained on the long-term downward trend,” The Conference Board said. US gas prices are 40% higher ...