Category: Semafor

Venezuelan officials are looking to strike debt, energy, and mining deals at this week’s UN General Assembly, underscoring the country’s ambitions to return to international markets. Caracas was a pariah state for years, and foreign direct investment flows plummeted. But investors have begun returning since the Trump administration took effective ...

Chinese tech firms showcased advances in chipmaking, despite US curbs on access to cutting-edge semiconductor technology. Alibaba shares rose after it unveiled what it called China’s most powerful chip ever, part of a bid to expand across the hardware and software components of the AI ecosystem. Its announcement came just ...

The News Saudi Arabia’s auto manufacturing startup CEER unveiled its first cars, two luxury electric vehicles that will go on sale early next year as the kingdom doubles down on a bet that the industry can help drive its economic diversification. The futuristic Exobot sedan and SUV have gull-wing doors ...

The News The countries trying to broker an end to the Iran conflict — Oman, Pakistan, and Qatar — are themselves facing military attacks and economic strain from the war, an unusual dynamic that factors into the incentives and urgency behind their mediation. Strait of Hormuz disruptions have hammered Qatar’s ...

Markets risk underpricing the scale of monetary tightening, analysts argued, as central banks around the world adjust to a worsening inflation outlook. The world is entering a “globally synchronised rate hiking cycle,” Deutsche Bank analysts wrote, and “recent trends in commodity prices will push inflation higher still.” Perceived as being ...

Sen. Susan Collins, R-Maine, is again confronting the White House on National Institutes of Health grant decision-making, calling on Office of Management and Budget Director Russell Vought to drop his push to assert greater control over the NIH’s grant process. “Imposing a political review on awards that have already been ...

OpenAI on Monday called for the US to lead an international coalition to coordinate global AI standards, as discussion of the technology’s risk and promise looms over this week’s UN General Assembly. The call comes as Washington pursues tentative outreach with China on coordinating AI developments, including through a possible ...

China said Monday that it removed two top generals over allegations of disloyalty and corruption, the latest in a long series of expulsions under leader Xi Jinping. While Xi’s purge is centered around rooting out graft, the “unprecedented” charges of forming cliques and factions “sends a sharp message to ​both ...

Paramount settled lawsuits brought by 12 US states Monday, paving the way for David Ellison’s $110 billion takeover of Warner Bros. Discovery. The states had argued that the acquisition would give Paramount too much control over the movie and cable TV industries. The deal provides certain editorial protections for CBS ...

A key Republican super PAC has removed $6.5 million in ad reservations from North Carolina’s Senate race for the month of October, according to media tracker AdImpact. That decision by the GOP-aligned Old North Action comes after Semafor reported Republicans are weighing their commitment to the race because Republican candidate ...