Category: Semafor

High oil prices sparked by the Iran war are accelerating Latin America’s oil boom, though the growth risks exacerbating economic inequality across the region, analysts said. Latin America is forecast to make up around 50% of global oil production growth through 2030, according to Rystad Energy, lifting the prospects of ...

Algeria launched an oil and gas licensing round as it looks to boost output and attract investors amid the global energy crunch sparked by the war in the Middle East. The government said prospect sites are estimated to contain hundreds of millions of barrels of crude and vast amounts of ...

Consumers are feeling the effects of the AI compute crunch, as supplies dwindle and prices rise. The Mac Mini computer, previously a niche product, is now all but out of stock, The Wall Street Journal reported, because the no-frills, high-powered machine is the most cost-effective way to run locally hosted ...

Blue Origin reused a launch booster for the first time, although the mission it was used on was unsuccessful. Landing and reusing a rocket — something only SpaceX had done before — is a major milestone for the Jeff Bezos-backed space company, but an unspecified malfunction with the craft’s upper ...

Nawaf’s view Whatever becomes of the ceasefire, one fact is already fixed: Relations between the Gulf and Iran will not return to what they were before this war. That does not mean the Gulf is entering some permanent, dramatic rupture with Iran. Serious states do not have the luxury of ...

The News LeBron James’ longtime business partner has been laying the groundwork to grow the basketball superstar’s business when he steps away from the game. In an appearance at last week’s Semafor World Economy gathering, Maverick Carter said that changes in the tech and media landscape allowed James some flexibility ...

India’s pharmaceutical companies are in an intense race to create cheaper generic versions of weight-loss drugs after the patent for the active ingredient semaglutide expired in the country. The surge in GLP-1 development — which one executive called a “bloodbath” — comes as the industry rushes to meet the growing ...

Progressive leaders of mostly small to mid-sized countries held a rally in Barcelona on Saturday, reflecting an emerging coalition of middle powers positioning themselves as alternatives to nationalist politics. At the gathering, convened by Spanish Prime Minister Pedro Sánchez and Brazil’s Luiz Inácio Lula da Silva, participants avoided mentioning US ...

A bipedal humanoid robot finished a half marathon in China in under 51 minutes, underscoring rapid advancements in the country’s physical AI sector. The winner, made by Chinese smartphone maker Honor, beat the fastest-ever human half marathon time — with the caveat that the robot crashed and had to be ...

The US struck and seized an Iranian-flagged cargo ship trying to evade a blockade in the Gulf of Oman, President Donald Trump said Sunday, as Tehran reversed its decision to reopen the Strait of Hormuz. The incident — the first in which the US used force to impose its blockade ...