Category: Semafor

Andy’s view To have any hope of countering China’s industrial challenge, the US needs a coalition. Alone, it is outmatched in overall size — measured by purchasing power, China’s economy is 30% larger — and manufacturing strength: In shipbuilding, for instance, China has more than 200 times US capacity. But ...

The Scoop Saudi Arabia’s ROSHN Group has hired its first full-time chief executive in more than two years, filling one of several leadership vacancies at companies controlled by the kingdom’s sovereign wealth fund. Naaman Atallah, currently president of real estate at UAE conglomerate Al-Futtaim, is set to join the developer ...

The News Abu Dhabi-based Neurovia AI is pitching Saudi security agencies software it says can compress video files by up to 95%, lowering the cost and processing demands of the vast camera networks used to keep Islam’s holiest cities safe for pilgrims and residents. The company developed an algorithm that ...

US President Donald Trump hasn’t won the energy war in Venezuela yet. The White House this week released the first details of the deal Trump announced Friday between Washington and Caracas: The Pentagon will take an equity stake in the Venezuelan oil producer NABEP, which will then assume responsibility for ...

Chinese leader Xi Jinping pledged stronger ties with Russia after meeting President Vladimir Putin on Monday, as Beijing flexed its diplomatic might at the Shanghai Cooperation Organization summit in Kyrgyzstan. With 10 member states in attendance, the gathering offers Xi the chance to demonstrate that Beijing has “friends and options ...

The head of the world’s financial stability watchdog warned that greater cyber threats from frontier AI are heightening the risk of market disruptions. Financial institutions and service providers should prepare for “severe scenarios involving simultaneous disruption across multiple firms or shared technology dependencies,” Andrew Bailey wrote in a letter Monday ...

Japan will seek to build more drones and missiles as part of a record defense spend of more than $55 billion next year, amid growing concerns over China’s military assertiveness. Under a plan that Beijing has decried as “new militarism,” Japan is targeting more uncrewed weapons systems — including a ...

US President Donald Trump said communities opposed to data centers will end up “backwards and poor,” in remarks that are unlikely to soften mounting public criticism of Big Tech. “Let data reign,” Trump said Monday, as bipartisan backlash to the AI buildout reaches fever pitch ahead of the US midterm ...

US Treasury Secretary Scott Bessent’s attempt to sell Washington’s economic agenda at this week’s G20 finance meeting will have to contend with global anxieties over US debt and the Iran war’s economic fallout. Bessent’s controversial interventions of recent weeks — propping up the Japanese yen and doubling Treasury’s bond purchases ...

Alexis’s view Insecurity was a major issue during Nigeria’s 2015 election, my first as a Reuters correspondent there. It still is today, ahead of presidential polls in January — on a far larger scale, with implications for the country’s economy greater than ever before. That 2015 election is significant because ...