Ecobank agrees to join Chinese payment platform
The move follows increasing demand from African businesses to settle deals using China’s currency.
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Mercenaries suffer losses in DR Congo
A battlefield clash highlights the role of US private security contractor Erik Prince as his country seeks greater access to minerals.
Semafor Tech1 min readSaudi plans to expand oil export routes to cut Hormuz reliance
The urgency is growing as wars in the Middle East and Ukraine strain global oil supplies.
Semafor Tech1 min readMubadala doubles down on Asia investments
The $385 billion Abu Dhabi sovereign wealth fund is looking to boost investments in China, India, Japan, and South Korea.
Semafor Tech1 min readIsrael mints tech unicorns. Can it keep them from leaving for New York?
Tel Aviv Stock Exchange’s pitch is aided by US investors’ preference for AI giants: “New York is no longer an option.”
Semafor Tech6 min readSaudi Arabia’s resolve, and fears of a ‘forever war’
Deadly airport strikes have more Saudis worried how hard the kingdom will be hit.
Semafor Tech3 min readUS, European yields unlikely to fall soon, economists say
Experts projected that US 10-year Treasury yields would decline only slightly from current levels to end the year at 5.1%, and would dip to around 4.8% 12 months later.
Semafor Tech1 min readRiyadh hit by deadly Houthi attacks again over the weekend
Several major energy CEOs cancelled travel to Saudi Arabia, which had been preparing several major conferences courting foreign investment.
Semafor Tech1 min readGlobal oil buffers weaken as global conflict expands
Goldman Sachs over the weekend raised its forecast for average year-end oil prices, warning of “the high sensitivity of interest rates to oil prices.”
Semafor Tech1 min readAI infrastructure investments to drive Asia economic boom
JP Morgan said Asia’s expansion was “broadening from an overwhelmingly tech-led export boom towards more balanced growth from tech.”
Semafor Tech1 min readRussia hammers Ukraine despite President Trump's energy ceasefire
Faced with domestic cost-of-living concerns ahead of midterm elections, the US has agreed to import diesel from Russia.
Semafor Tech1 min readTanzania seeks investment to tackle youth job pressure
Efforts to partner with private companies are part of a bid to create jobs, said the country’s prime minister.
Semafor Tech2 min readDangote's Kenya refinery triggers political battle
President William Ruto lauds the benefits of this huge investment but opponents see it as part of a pattern of opaque deals.
Semafor Tech4 min readObama cuts ad in Mississippi Senate race
Democrats are hoping nominee Scott Colom delivers an upset in the deep red state in the November midterm elections.
Semafor Tech2 min readFox stays positive on data centers even as public backlash grows
More than half of the references to data centers on Fox News over the last two years would have left viewers with a favorable impression, according to a Semafor analysis.
Semafor Tech4 min readHack reveals Netanyahu campaign's media ties
The latest breach comes from the Whatsapp account of Netanyahu aide Jonatan Urich.
Semafor Tech3 min readABC News offers contradictory explanation for vanishing Anduril story
Emails between ABC News and its subjects, provided to Semafor, show the network seeking to downplay its errors by misrepresenting its own processes.
Semafor Tech5 min readChina, EU reach agreement to reduce Chinese hybrid vehicle imports
The EU and China reached a deal Friday to reduce China’s shipments of hybrid vehicles to Europe by half.
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