China last month exported more EVs and plug-in hybrids than gasoline and diesel cars combined for the first time, underscoring the country’s growing global dominance in clean energy transport. While domestic sales have contracted, international demand remains robust, with so-called new-energy vehicle exports rising to 400,000 in April despite Western ...
Category: Semafor
Category Added in a WPeMatico Campaign
South African firm scoops equity assets worth $120 millionSouth African firm scoops equity assets worth $120 million
The News South African investment manager Sango Capital acquired equity assets valued at $120 million from a non-African investor that held interests in multiple African investment funds but is now exiting the continent as part of a rebalance of its global portfolio, Sango’s co-founder and partner Richard Okello told Semafor. ...
Aramco profit jump proves wisdom of decades-old pipeline investmentAramco profit jump proves wisdom of decades-old pipeline investment
The News Aramco’s profit jumped in the first three months of the year after surging oil prices helped offset lower exports from the closure of the Strait of Hormuz, justifying the strategic value of the kingdom’s decades-old investment in pipelines that bypass the chokepoint. The company, which provides more than ...
War squeezes Asian farmers, oil pricesWar squeezes Asian farmers, oil prices
The Iran war is hitting Asia’s economies. A third of the world’s urea fertilizer supply has been “wiped out,” one analyst told The Washington Post, and prices are up 40%. Accordingly, farmers in Southeast Asia are choosing to skip or cut back on planting this season, or lower fertilizer use, ...
World’s second-highest tsunami goes unnoticedWorld’s second-highest tsunami goes unnoticed
The second-highest tsunami ever recorded struck Alaska in August last year, but almost no one noticed. A landslide from a glacier dropped over a hundred million tons of rock into Tracy Arm fjord, pushing a 1,580-foot wave up the narrow waterway; it is a tourist hotspot, but the 5am strike ...
With ‘Morning Joe’ and ‘Squawk Box,’ Versant looks to market its influential audience at the upfrontsWith ‘Morning Joe’ and ‘Squawk Box,’ Versant looks to market its influential audience at the upfronts
The News The investor Warren Buffett once told host Becky Quick that he would pay “any amount of money” to watch the show. “He cares about the internet, he cares about his private plane, and he cares about CNBC,” she recalled in an interview Friday. One of the puzzles of ...
Behind the Pulitzer Board’s Epstein reporting plauditsBehind the Pulitzer Board’s Epstein reporting plaudits
The News The Pulitzers this year revived an old internal disagreement among the guardians of journalism’s top award over reporting on Jeffrey Epstein — and showed how the prize is struggling to keep up with both public sentiment and shifting media consumption. Earlier this week, we reported that a years-old ...
Venice Biennale engulfed in geopolitical controversyVenice Biennale engulfed in geopolitical controversy
The Venice Biennale, the world’s most prestigious international art exhibition, is engulfed in controversy this year. The inclusion of Russia, which is participating for the first time since the 2022 Ukraine invasion, has set off protests, while the Biennale’s international jury resigned following backlash over its decision to not award ...
Putin says Ukraine war is ‘coming to an end’Putin says Ukraine war is ‘coming to an end’
Russian President Vladimir Putin said he believes the Ukraine war is “coming to an end,” hours after vowing victory over Kyiv at a pared-down Victory Day parade devoid of its usual military hardware display. The Kremlin’s spokesperson tempered Putin’s remarks, saying “reaching a peace agreement is a very long road ...
Misunderstandings test US-China tiesMisunderstandings test US-China ties
The US and China are both heading into a landmark summit in Beijing this week with fundamental misunderstandings of the other, analysts said. Beijing is gripped by a “dangerous new overconfidence” stemming from an entrenched belief in American decline, one expert wrote, as Western scholarly frameworks have been purged from ...