Argentina’s inflation rate rose more than expected last month after an energy shock sparked by the Iran war, the latest sign of the conflict’s metastasizing economic impact. Fuel prices in South America’s second-largest economy have jumped by almost a quarter since February, pushing up overall monthly inflation to 3.4% — ...
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Waymo pilots autonomous cars in LondonWaymo pilots autonomous cars in London
Waymo announced the first autonomous tests of its vehicles in London. The robotaxi firm’s co-founder said its core driving AI was “generalizing very well”; the UK capital, with its medieval layouts and narrow, winding streets, presents a very different challenge to the largely grid-based US cities Waymo launched in. If ...
Hyundai-LG opening battery plant after US ICE raid causes monthslong delaysHyundai-LG opening battery plant after US ICE raid causes monthslong delays
The Scoop The Hyundai-LG battery plant that was raided by US immigration agents last year is ready to open this month, following a staffing crunch due to the ICE actions and delays. Hyundai CEO José Muñoz said the raid hasn’t changed his strategic plans and that he has three top ...
CNN backpedals after booker turns away guest for merger segmentCNN backpedals after booker turns away guest for merger segment
The Scoop A CNN booker privately said that the network was concerned about booking a guest critical of Paramount’s acquisition of the news network’s parent company, a remark CNN dismissed as a mistake. On Monday, over a thousand Hollywood players — including actors Ben Stiller, Joaquin Phoenix, David Fincher, and ...
Energy experts split on gas’ postwar futureEnergy experts split on gas’ postwar future
The oil and gas crisis stemming from the Iran war has made energy security a central factor globally, officials and executives at Semafor World Economy said, though they diverged on whether that shift would benefit gas. Fossil fuel prices have surged since the war began, driving debate over the instability ...
Executives signal optimism over the Gulf’s postwar outlookExecutives signal optimism over the Gulf’s postwar outlook
The Gulf region can bounce back from the Iran war, and possibly emerge stronger, business leaders said Tuesday. Carlyle’s CEO said the Middle East was experiencing an “unsettled period,” but said the region still has a “vibrant” future, while Meta’s president said Gulf partnerships were continuing and that she hadn’t ...
AI-stock mania leading to bargains among neglected small caps, Ariel’s John Rogers saysAI-stock mania leading to bargains among neglected small caps, Ariel’s John Rogers says
The current investor focus on AI-related companies is creating bargains in the neglected corner of the market for small cap stocks, said John Rogers, the founder and chief investment officer of Ariel Investments. Small caps routinely get less attention from investors and less coverage from Wall Street analysts than blue ...
Commerzbank is open for dialogue with UniCredit, CEO saysCommerzbank is open for dialogue with UniCredit, CEO says
Commerzbank is open for dialogue with UniCredit after rebuffing the Italian bank’s takeover offer, the German bank’s CEO Bettina Orlopp said at Semafor World Economy in Washington, DC, on Tuesday. “We were a little bit surprised by the fact that they believe that we are not listening to them and ...
Chef José Andrés: Every country needs a national food security adviserChef José Andrés: Every country needs a national food security adviser
The News Famous chef and humanitarian José Andrés on Tuesday floated the idea that world leaders should redirect 3 percent of their defense spending toward combating hunger. Speaking at Semafor World Economy in Washington, DC, Andrés said investing in food security is a matter of national security, and that each ...
Energy CEOs are changing their risk calculusEnergy CEOs are changing their risk calculus
Tim’s view Leading CEOs and officials spent the opening day of Semafor World Economy grappling with how to hardwire more resilience into the global energy system at a moment of unprecedented risk. There are a lot of chokepoints in the energy market these days, from trade routes under threat of ...