Category: Semafor

Tech stocks fell Monday even as the US projected optimism about ongoing peace talks with Iran. SpaceX continued a multi-day rout following an announcement last Thursday that the firm would launch an inaugural bond sale just days after its blockbuster IPO. Alphabet was also on track for its worst performance ...

SK Hynix on Monday topped Samsung as South Korea’s most valuable company, propelled by the AI-powered chip boom. It marked a stunning reversal for a once debt-ridden company that earned the Korean epithet for a penny stock — “Dongjeon-ju,” Reuters wrote. Its shares have more than quadrupled this year, and ...

More than 20,000 runners took part in the world’s oldest and largest ultramarathon earlier this month, a nearly 55-mile (89 kilometers) race between the South African cities of Durban and Pietermaritzburg. The Comrades race has been held every year since 1921, pausing only during World War II and the COVID-19 ...

Ethiopian Prime Minister Abiy Ahmed’s Prosperity Party retained its large parliamentary majority in recent elections overshadowed by unrest in Africa’s second-most-populous country. The party extended its parliamentary majority, securing 90% of contested seats in this month’s general election, which 49-year-old Abiy was widely expected to win. More than 140 polling ...

Lithium miners ‌in Zimbabwe asked the government for more time to build processing facilities before a ban on concentrate exports takes effect in January 2027, Reuters reported. The leader of a lithium producers’ trade body said regulators had been asked for an extension because attempts to complete plant construction ahead ...

Botswana secured $100 million to build its first large-scale solar plant that will sell power to a regional market, as investors bet that rising electricity demand will offer lucrative returns on surplus power. The 100-megawatt Tati Solar Project is set to begin commercial operations next year, after securing financial arrangements ...

African leaders agreed on a framework to demand reparations for the transatlantic slave trade, as well as debt relief. The agreement at a summit hosted in Ghana by President John Dramani Mahama and attended by the presidents of Liberia, Namibia, and Senegal comes on the heels of a UN declaration ...

The News Gulf sovereign wealth funds are expected to look for ways to do more deals and profit from market volatility caused by the Iran war over the next few months, according to US asset manager TCW’s top executive in the region. Sovereign investors across the region, which together control ...

The News South Africa will raise the alarm over the steep decline in global health aid at a UN HIV/AIDS meeting opening today, officials said, which comes as the US plans to permanently cut its $8 billion HIV relief programme, pushing the country’s fragile coalition government toward a fiscal and ...

China imposed export restrictions on 10 US companies, including two rare-earths firms backed by Washington, marking the latest escalation in recent Sino-American trade tensions. Under the new rules, Chinese firms will be barred from providing them with dual-use equipment that could be used for military ends. Rare earths have become ...