Category: Semafor

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Bessent’s bond market move draws fire from investorsBessent’s bond market move draws fire from investors

Investors and analysts poured scorn on US Treasury Secretary Scott Bessent’s doubling of long-term bond purchases last week, which provided temporary relief but faces structural economic headwinds that are driving yields higher. The buybacks are a “band-aid on a bullet hole,” a Nomura strategist told the Financial Times, while ING ...

UAE’s space industry expands with more private satellitesUAE’s space industry expands with more private satellites

Abu Dhabi’s Orbitworks sold capacity on its planned Altair satellite constellation to French space agency CNES, securing a useful endorsement for the UAE’s most significant commercial space venture to date. The first of Orbitworks’ AI-enabled, Earth observation satellites was flown to Los Angeles this month onboard an Emirates plane, ahead ...