Category: Semafor

The News Every region of the world should have high-end semiconductor factories to avoid future supply-chain crunches, the CEO of ARM Holdings said. Speaking at Semafor World Economy, Rene Haas said that semiconductor shortages are holding back global industry, and that sales of ARM’s own new chip are constrained by ...

The News Tarek Mansour, the co-founder and CEO of the prediction-market firm Kalshi, said Wednesday that his company is taking new steps to keep minors from using its platform. Mansour, speaking at Semafor World Economy in Washington, DC, said Kalshi is tackling one strategy children employ for getting around its ...

The News The CEO of Kalshi on Wednesday said he expects the US Department of Justice to prosecute cases of insider trading on prediction markets like his own platform. “If you commit insider trading on Kalshi, that can and will at some point be a federal crime. It is a ...

The News Norway’s $2.1 trillion sovereign wealth fund, the world’s largest, will continue to invest about half its assets in US equities despite the economic fallout from the Iran war, Norwegian Finance Minister Jens Stoltenberg said at Semafor World Economy. “We plan to continue to be a big investor in ...

The Strait of Hormuz should not be under anyone’s control, and reopening it as a free and open waterway is the UAE’s top priority in any security agreement between Iran and the US, a UAE official said on Wednesday The emirates will also not accept an agreement that “does not ...

Millions of people across Sudan are surviving on just one meal a day, and the war in the Middle East threatens to aggravate the hunger crisis. The Sudanese civil war, which enters its third year on Wednesday, has already pushed millions of people into food insecurity, sparking the first famine ...

Amazon will buy satellite company Globalstar for an estimated $11 billion, in an attempt to catch SpaceX’s Starlink in the internet space race. Starlink has 10,000 satellites, a commanding lead over Amazon’s 200-strong Leo constellation; Globalstar has a further 25, but the real prize is control over part of the ...

The News South Africa appointed Roelf Meyer, a central figure in the negotiations that ended apartheid, as its next ambassador to the US, betting that his stature can help restore a frayed diplomatic relationship. The posting, confirmed by President Cyril Ramaphosa’s spokesperson, places one of the country’s most recognizable Afrikaner ...

Argentina’s inflation rate rose more than expected last month after an energy shock sparked by the Iran war, the latest sign of the conflict’s metastasizing economic impact. Fuel prices in South America’s second-largest economy have jumped by almost a quarter since February, pushing up overall monthly inflation to 3.4% — ...

Waymo announced the first autonomous tests of its vehicles in London. The robotaxi firm’s co-founder said its core driving AI was “generalizing very well”; the UK capital, with its medieval layouts and narrow, winding streets, presents a very different challenge to the largely grid-based US cities Waymo launched in. If ...