Category: Semafor

JPMorgan Chase reportedly cut off its Hong Kong employees’ access to Anthropic’s AI models, faced with pressure from both the US government and Anthropic itself. The White House, citing national security concerns, blocked all foreign nationals from using Anthropic’s most advanced models — leading the company to shut public access ...

Ukraine launched its largest drone attack of the war on Moscow Thursday, damaging the Russian capital’s main oil refinery and showering its neighborhoods in “black rain.” The attack’s value is both symbolic and economic, bringing the reality of war home to ordinary Russians through widespread disruption and heaping pressure on ...

EU overregulation is constraining business, a steel magnate and a Gulf sovereign wealth chief warned. ArcelorMittal’s executive chairman wrote in the Financial Times that emissions trading rules hurt energy-intensive industries, while the governor of Saudi Arabia’s Public Investment Fund said the regulatory environment prevented international investors from pouring more capital ...

The Iran conflict produced an unexpected winner: Pakistan. The country, once cast as a diplomatic pariah by the West, took on a lead role mediating between the US and Iran to produce a deal. “Pakistan’s star turn is the diplomatic equivalent of Cabo Verde winning the World Cup,” a Wall ...

Vice President JD Vance warned Israel against disrupting the US-Iran peace deal Thursday, rebuking the US ally’s “freakout,” as it telegraphed further military action in Lebanon. President Donald Trump is the “only head of state in the entire ​world who is sympathetic” to Israel, Vance said, calling for the Israelis ...

The Scoop Vail Resorts is working with takeover-defense bankers to help it assess its vulnerabilities to everything from labor groups to an outspoken billionaire to Mother Nature itself, according to people familiar with the matter. No activist investors have made a play for the company, shares of which are down ...

Emirates and Etihad have started offering insurance to travelers, in an effort to lure them back at a time when governments around the world still advise against non-essential travel to the region. International travel advisories invalidate most ordinary policies, leaving the UAE and neighboring countries effectively uninsurable for tourists. Emirates’ ...

The Scoop President Donald Trump’s late-night Truth Social post announcing a US chipmaking deal between Apple and Intel sent shares of the chipmaker surging 9% in Thursday trading. Among those surprised were Intel’s own executives, according to a person familiar with the matter. Intel and Apple have been in talks ...

In the Gulf, football is less pastime than civic obsession — and this summer it is spilling into the workday. Every World Cup match airs overnight, so the cost lands the next morning. Companies around the region are giving employees flexible hours after their respective national teams play. In Saudi ...

A Qatari LNG tanker sailed through the Strait of Hormuz on Thursday — one of the few transits made since the Iran war began and a hopeful sign for Doha as it looks to revive its gas exports and wider economy. The state-owned QatarEnergy has told buyers it could reach ...