Category: Semafor

Russia on Sunday attacked Ukraine in one of the largest aerial assaults of the war, signaling a new wave of escalation as it used a rarely launched hypersonic ballistic missile. The use of the Oreshnik missile, which Russia has used against Ukraine only twice before, came after the Kremlin accused ...

The gulf between US stocks and Americans’ spirits keeps widening. The Dow on Friday hit a record high — the same day consumer sentiment hit an all-time low. Beyond pressures from the Iran war, which stock markets have largely shrugged off, AI is a factor in the divergence. Traders are ...

The Trump administration’s changes to the green card application process — which require immigrants to apply for permanent residency from outside the US — drew diplomatic blowback. On a visit to New Delhi, US Secretary of State Marco Rubio said the policy, expected to be challenged in court, was “not ...

A multilingual Norwegian drama about political polarization claimed the Palme d’Or, the Cannes Film Festival’s top prize. Following a devout Christian couple who face child abuse allegations, is a statement “against any type of fundamentalism,” the film’s director said from the stage; he also decried today’s “divided” and “radicalized” society. ...

An explosion at a coal mine in China killed at least 82 people in the country’s deadliest mining accident in years. China is the world’s largest coal producer — last year it accounted for more than half of global output — even as it rapidly expands its renewable energy buildout. ...

The US and Iran agreed in principle to a deal to reopen the Strait of Hormuz, signaling a potential end to the countries’ weekslong stalemate that has upended global commerce. The deal hasn’t been officially signed by Washington and Tehran’s leaders — President Donald Trump on Sunday said the US ...

The News Senegal President Bassirou Diomaye Faye fired his prime minister and dissolved the government, a move that will likely determine how the country manages its debt crisis but could prompt public anger. Faye’s decision to dismiss Ousmane Sonko, announced late on Friday, follows months of tension between the two ...

Reed’s view The thing about becoming a publicly traded company is that bankers have to figure out how to value businesses that often don’t fit into a neat box. But assessing how the rocket and satellite maker stacks up against other companies right now is ultimately a pretty silly exercise ...

The News The Department of Homeland Security clarified the immigration policy it announced on Friday, suggesting that current H1B visa holders could be able to “continue on their current path.” The Trump administration’s new directive called for requiring most people seeking green cards to apply for permanent residency from outside ...

The US will not impose tariffs on semiconductors in the near future, US Trade Representative Jamieson Greer said Friday. “Having tariffs on semiconductors is really important; what’s even more important, than having protection for facilities like this, is making sure we do it on the right timing and in the ...