Category: Semafor

Chinese investments into “non-strategic, non-sensitive” US companies would get fast-tracked regulatory approval under an agreement being ironed out in Beijing this week. “What we want to do is make sure that these investments don’t get referred” to the Committee on Foreign Investment in the US, the government body that reviews ...

The AI future is here, but unevenly distributed. Doomsday predictions about AI’s jobs wipeout are overly influenced by tech companies and don’t reflect the reality that most companies don’t know how to use it, said Blair Effron, CEO of boutique investment bank Centerview. “A year and a half ago, I ...

Russia fired more than 1,500 drones against Ukraine over successive nights after a brief ceasefire, though the war appears to be tilting in Kyiv’s favor. Moscow’s offensive has stalled, with experts projecting Russia needs hundreds of years to conquer Ukraine at its current rate of progress. New analysis by the ...

Rare demonstrations erupted across Havana over repeated power blackouts, which have worsened since the US tightened its energy embargo on Cuba. The country relies on imported fossil fuels for the vast majority of its power, and economic activity has ground to a halt since the US blocked energy shipments. Havana ...

The News Fertilizer prices could remain elevated even after the Strait of Hormuz reopens, according to the chief executive of Abu Dhabi-based Fertiglobe, as supply disruptions ripple through global agriculture markets and threaten to drive food inflation later this year. Ahmed El-Hoshy, CEO of one of the world’s largest exporters ...

A $1 billion deal to build a Trump Tower in Australia fell apart as the developer called the brand “toxic.” The Trump Organization, run by US President Donald Trump’s sons, has made several foreign deals during the president’s second term — a “stark contrast” to his first, Forbes said, during ...

The James Webb Space Telescope spotted the most primitive galaxy ever seen. Immediately after the Big Bang, the only chemicals in the universe were the simplest: hydrogen and helium. Cosmologists believe that heavier, more complex atoms were made in the explosive death of huge, short-lived stars in the dawn of ...

The Scoop Fortune’s Hong Kong-based chairman joined an editorial interview with President Donald Trump this week, an unusual move that has fueled concerns on the publication’s staff. The chairman, Victor Pang, “was there as a mere observer to the hour-long interview conducted solely and entirely by” Alyson Shontell, Fortune’s editor-in-chief, ...

AI is playing an increasingly prominent role in US elections. The largest donor in this year’s midterm elections so far is venture capital firm Andreessen Horowitz, which has expanded its interests beyond crypto to also boost pro-AI candidates, The New York Times reported. Some politicians, by contrast, are campaigning on ...

Global oil inventories are declining at an alarming rate, the International Energy Agency warned Wednesday, as the Strait of Hormuz shutdown continues to strain the energy sector. “Oil is in a race against time,” one analyst said. Even if the mounting pressure on oil stockpiles forces the reopening of the ...