Category: Semafor

The UK said Tuesday it will send fighter jets to protect Saudi Arabia’s cities and critical infrastructure from escalating aerial attacks by the Iran-backed Houthis.  Saudi Arabia on Monday postponed its flagship investment conference, as the Houthis mount intensifying — and deadly — strikes against symbols of the kingdom’s global ...

Alibaba, ByteDance, and Tencent have together ordered more than $35 billion worth of Nvidia chips, Reuters reported Tuesday, as China’s compute-hungry tech giants turn to the US. The deals illustrate the continuing entanglement of the US and Chinese tech ecosystems, despite intensifying drives in Washington and Beijing to wall off ...

Europe’s airfares will see their “biggest increase in history” next year, Ryanair’s boss warned Tuesday, as a global fuel squeeze puts pressure on a commercial aviation industry that’s so far proven resilient to supply shocks. Ticket prices could jump as much as 20%, Michael O’Leary predicted, with industry consolidation leading ...

Billionaire Michael Bloomberg is donating $80 million to boost Democratic candidates, marking a last-minute entry in a US midterm cycle dominated by big spenders. Bloomberg is the party’s “late-arriving white knight,” The New York Times wrote, as Elon Musk has poured in more than $360 million to help Republicans — ...

Abu Dhabi is in advanced talks to sell the technology behind TAMM, its digital government services app, to US city governments. The platform’s services span business registration, ID renewal, and, since last year, virtual weddings. The emirate has launched TAMM Global, a state-owned company that will license the system, with ...

Liz’s view One rule of investing is “don’t fight the Fed.” Playing the contrarian to the Federal Reserve’s plans to stimulate or dampen the economy only ends badly. But Big Tech is not run by rule-followers. AI giants have been almost willfully indifferent to the rising cost of money. Rates ...

The death of software has been greatly exaggerated, said Orlando Bravo, who has more riding on its comeback than perhaps anybody in the world. The firm he runs, Thoma Bravo, oversees $170 billion in investments, nearly all of it invested in corporate software under threat from cheaper replacements spun up ...

, directed by Stefan Liberski. This 2024 film follows a well-known French conceptual artist who, upon moving to a waterfront town, attempts to lord his background over residents he presumes are beneath him. His effort, however, is comically unsuccessful. The “script is whip-smart in its skewering of the fragile male ...

DES MOINES, Iowa — Two more Republicans are calling on President Donald Trump to use a bipartisan law to impose penalties on Russia, joining a growing chorus who disagree with his decision to waive sanctions meant to force Moscow to end its war in Ukraine. “It is my belief that ...

A South Korean tech firm’s disastrous IPO offered the latest signal of investor skittishness about the AI trade, even as stock markets appeared to have recovered from a bearish run. Elice Group shares plunged 30% on their debut, and new analysis showed investors were upping their purchases of credit default ...