Category: Semafor

Saudi Arabia slashed its main crude oil price for Asian customers, as a resumption of flows through the Strait of Hormuz and OPEC+’s decision to boost output intensifies the competition for buyers. Despite the discount, Asian buyers said Saudi supplies were still more expensive than those from other regional producers, ...

US President Donald Trump has changed his mind about the Russia-Ukraine war, Ukrainian President Volodymyr Zelenskyy said Monday, ahead of a meeting between the two on the NATO summit’s sidelines. The US president “wants to be where there’s success,” Zelenskyy told the Financial Times, adding that Trump said Kyiv was ...

The UAE’s non-oil economy is experiencing its worst period since the COVID-19 pandemic, with the private sector at its weakest in more than five years, and employment falling faster than at any time since 2020. The Purchasing Managers’ Index compiled by S&P Global — which measures activity in the non-oil ...

Saudi Arabia and Qatar sent senior officials to the funeral of Iran’s slain supreme leader, a display of diplomatic protocol that drew criticism after Iranian organizers appeared to taunt the visiting delegations. As Saudi Arabia’s deputy foreign minister approached Ali Khamenei’s coffin, Quranic verses recalling the Prophet Muhammad’s victory over ...

by Nick Srnicek. The Canadian tech-focused academic delves into how a few companies are reshaping politics and economics across the world, tracing how a new class of Big Tech firms is moving to consolidate power and control along the supply chain, and how these mega corporations may wield their influence: ...

As companies confront declining engagement, rising burnout, rapid technological change, and growing political and regulatory pressures, leaders are rethinking the drivers of performance, trust, and resilience. From workforce policy and AI governance to global competitiveness and organizational strategy, The World of Work examines how institutions can adapt and thrive in ...

The News Gwynne Shotwell, SpaceX’s president and chief operating officer, said she plans to donate $320 million of stock in Elon Musk’s rocket company to investment accounts for kids that the Trump administration launched on the Fourth of July. Shotwell said she would donate one share of SpaceX stock, worth ...

The News Buyers of high-end property have been active in Saudi Arabia this year, even as the Iran war has dented sales of the priciest homes elsewhere in the Gulf, according to DarGlobal CEO Ziad El Chaar. The London-listed developer, which focuses on branded luxury residences, said its international reach ...

The News DR Congo is set to extend cuts to fuel subsidies after moving mining companies to market prices, its finance minister said, as it seeks to soften the blow from the global energy shock sparked by the Iran war. The International Monetary Fund said in May that global oil ...

FIFA overturned a one-match men’s World Cup suspension against US striker Folarin Balogun after President Donald Trump reportedly pressured soccer’s governing body, leading to accusations of favoritism. The move has sparked schisms ahead of the US’ round of 16 tie: Belgium, which faces the US tonight, has appealed the decision, ...