Citigroup has raised more than $40 billion to support Saudi clients so far this year, and increased its direct exposure to the kingdom since the Iran war began, maintaining its bet on the kingdom as a key growth market.
“These are national resources that are now being monetized for the nation,” Pandu Sjahrir tells me when we meet.
Oil prices rose on growing fears of the Middle East conflict metastasizing and further constricting global energy flows.
Sweden’s center-left opposition appeared poised to retake power after a neck-and-neck election that nonetheless underlined the strength of the country’s far-right parties. Rising anti-immigrant sentiment has upended politics in Sweden, once one of the most welcoming countries to ...
Qatar is sending a message to reckless drivers: It’s willing to go medieval on violators.
Democrats need to employ more populist rhetoric, run candidates perceived as non-elite, and steer away from progressive rhetoric like “abolish ICE” if they want to capture more working-class voters in future elections, according to new data shared first with Semafor.
Democrats want to cast Chris Klomp as anything but a moderating force within Robert F. Kennedy Jr.’s Department of Health and Human Services this week during two Senate hearings on his nomination to become Kennedy’s No. 2.
As the Federal Reserve weighs whether to raise interest rates this week, Chair Kevin Warsh must choose between breaking markets’ trust and triggering President Donald Trump’s ire.
Some Republicans are hoping they can address voters’ affordability concerns before the election — potentially by passing a data center power bill to demonstrate the party is listening to souring popular sentiment surrounding AI infrastructure.
One of Beijing’s top America experts wrote that the upcoming US-China summit offers a “rare opportunity” to put a floor under the countries’ relations, potentially signaling Beijing’s mindset ahead of the Washington meeting.
The sudden appearance of alignment among AI CEOs about industry regulation over the weekend masks an inconvenient reality for Congress: There is no consensus.
Republicans are counting on President Donald Trump’s cavalry to carry Ken Paxton to victory — but it hasn’t come yet.
China’s trade growth accelerated last month, but data showing imports fell short of analysts’ expectations will likely add to calls for Beijing to rebalance its economy ahead of a high-stakes leaders summit with the US this month. The latest figures were largely powered by demand...
This novel follows the final days of a wealthy executive, diagnosed with Alzheimer’s, on his way to Switzerland to be euthanized.
Last September, Bloomberg News Editor-in-Chief John Micklethwait got a call from US Treasury Secretary Scott Bessent.
When Vanity Fair published close-up photos of President Donald Trump’s core advisers at the end of 2025, the group included five staffers alongside the vice president and secretary of state. Now two of those five aides are gone from the West Wing, turnover that’s reshaping the ma...
Global AI infrastructure spending could exceed $31 trillion through 2050, PwC analysts projected, as firms forge ahead with a flurry of data center deals.
Iran and the UAE held their highest-level meeting since the start of the Iran war at the BRICS summit in India, where the two countries found a rare space for direct diplomacy.