Saudi pipeline shut after drone attacks - Semafor
Saudi Arabia shut down its vital East-West pipeline after multiple drone attacks, intensifying the pressure on Gulf energy exports.
Saudi Arabia shut down its vital East-West pipeline after multiple drone attacks, intensifying the pressure on Gulf energy exports.
The Gulf’s largest sovereign wealth fund is making a bigger push into alternative assets and private markets, targeting tens of billions of additional dollars into buyouts and hedge funds. In its 2025 review, Abu Dhabi Investment Authority (ADIA) said the fund increased its priva...
Analysis of China is often so polarized that a casual observer might get the impression that Beijing is both an unstoppable force on the verge of global domination and a precarious dictatorship on the brink of collapse. That is not an impossible combination, of course. The Soviet...
FARMINGTON HILLS, MICH. — Michigan Democratic Senate nominee Abdul El-Sayed put more distance between himself and Hasan Piker on Wednesday night, telling Semafor in an interview that he has “no plans” to campaign with the controversial streamer.
Hollywood is making a gamble that AI obsession will translate into big hauls at the box office. Four movies about AI and Silicon Valley will compete this fall for theater goer dollars: A four-hour-long documentary, Musk, which debuted at the Venice Film Festival earlier this week...
The European Central Bank raised interest rates. Will the Fed follow? A quarter-point increase in baseline borrowing costs across the bloc came as officials warned of “upside” inflation risks and oil prices shot above $100 a barrel. Fed-funds traders are putting 64% odds that the...
Abu Dhabi sovereign wealth fund Mubadala has taken a stake in China’s Luckin Coffee as part of a $1 billion investment alongside private equity firm Centurium Capital. Mubadala has been one of the world’s most active sovereign wealth funds, a run that has continued despite the Ir...
The House’s abbreviated schedule will punt a host of legislative items to the post-election period.
The politics, policy, and business driving healthcare.
Venezuela is not just another member of OPEC. It is one of the group’s five founders, present when the organization was conceived in Baghdad in 1960 as a counterweight to the “Seven Sisters,” the Western oil majors that held the upper hand over much of the world’s oil supply. Oil...
Treasury Secretary Scott Bessent on Monday threatened a wider range of secondary sanctions on countries that do business with Iran, stopping short of imposing them as the Trump administration continues its battle against inflation.
Houthi rebels captured a key Red Sea port on Thursday from Yemen’s Saudi Arabia-backed government, strengthening the Iranian proxy’s hold on one of the region’s two critical waterways.
The “AI is going to kill us all” news cycle continued into the weekend, as OpenAI’s Sam Altman and XAI’s Elon Musk joined Anthropic CEO Dario Amodei’s call to invite independent reviewers into AI labs to ensure the world’s smartest computer scientists don’t accidentally cause the...
“Every senior executive should have to go play high-stakes poker with their own money,” Scott Kirby says, explaining how a lifetime of gambling has informed how he balances risks and rewards. United Airlines’ card-counting CEO was a good enough blackjack player to get banned by c...
Africa’s richest man said his refinery’s much-anticipated IPO would launch soon, a move that could mark a step-change for the continent’s financial and energy markets.
The ominous trailer for the Sam Altman movie, Artificial, launched Tuesday, the same day OpenAI became the first AI company to solve one of the Millennium Prize challenges.
President Donald Trump’s escalating tariff threats against Canada are running headlong into one of his party’s top priorities: retaining Senate control.
NCAA President Charlie Baker is feeling “pretty good” about the prospects for Senate passage of bipartisan college sports legislation. As for whether it will get to President Donald Trump’s desk this year — well, one step at a time.