Semafor

The Scoop Saudi Arabia’s sovereign wealth fund is set to meet some of Wall Street’s biggest firms in New York this week as it seeks foreign backing for its spending plans amid cash constraints at home.

The failure of two candidates — one Democratic and one independent — to consolidate anti-Republican support against GOP candidate Kurt Alme is propelling him to victory, according to polling first shared with Semafor.

, created by Gene Roddenberry.

Fossil fuels are starting to plateau in China, as renewables drive more power generation in a new phase for the country’s energy transition.

Maritime shipping lanes may not be the most important chokepoint facing the global oil market.

Big Oil companies have always moonlighted as geopolitical risk assessment firms.

Saudi soccer clubs spent $407 million on international transfers this summer, their lowest total since the 2023 buying spree that aimed to boost its international cachet, according to FIFA’s transfer report.

Chinese carmaker ROX has started producing its ADAMAS SUV in Abu Dhabi, with the first vehicles coming off a new line in the emirate’s Kezad industrial zone this week.

Beijing and Berlin are on the itineraries of Gulf leaders this week, with diplomacy and economic resilience in focus as the Iran war grinds on.

Republican senators are warning that the Senate’s bipartisan cryptocurrency regulatory bill is likely to fail next week when the chamber returns.

Amena’s view Venezuela is not just another member of OPEC.

HUMAIN’s CEO kept himself in the news over the weekend after posting on LinkedIn that he was hiring a team to prepare the barely two-year-old company for an initial public offering.

Argentina said it would file criminal charges against an Israeli oil firm operating in the Falkland Islands, Buenos Aires’ latest salvo in its campaign to regain control of the UK-controlled territory.

Australia has reportedly agreed to a new treaty to deepen its relationship with the Solomon Islands, the latest in a series of deals Canberra is racing to finalize in order to guard against a rising China.

Bankers for OpenAI and Anthropic — both of which are barreling towards IPOs — are reportedly pressing for the AI giants to quickly win investment-grade credit ratings, underlining the huge and growing role of debt in the tech infrastructure buildout.

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.

Attacks by Yemen’s Houthis against Saudi energy infrastructure drove oil prices towards the $100 a barrel mark, as fears grow that the largely dormant Middle East conflict is worsening.

Andy’s view The last time US President Donald Trump addressed the United Nations, he mocked the body for its “empty words,” and his administration has since exited 31 UN entities covering climate, gender, peacebuilding, and science.

As Congress faces a reckoning over sexual misconduct, House and Senate lawmakers are looking to overhaul the rules in both chambers.

The News This fall’s battle for House control is exposing a divide between two types of Democratic candidates — prominent battleground hopefuls with well-stocked campaign coffers, and lesser-known challengers whose fundraising is struggling to keep up with

The News The nonprofit arm of ’s audio empire is hoping to lure younger voters back to the Democratic Party by boosting ideologically aligned social video creators ahead of the 2028 presidential election.

The latest US employment figures have failed to show an AI-driven surge in job losses, multiple analysts noted, suggesting theories of a “jobpocalypse” are premature, or misunderstood the effects of AI to begin with.

US gas prices hit record highs and Iran doubled the price of fuel consumed over quota, as energy disruptions hit at the pump in both countries.

AI is hurting China’s already weak graduate job market.

Malaysia is considering using Huawei chips to power its sovereign AI efforts, Bloomberg reported, in what would be the first known instance of a foreign government choosing Chinese accelerators over American ones.

The nationalist AfD’s landslide victory in a German state on Sunday could portend a far-right surge across Europe, analysts argued.

Canada’s retaliatory tariffs against $27.6 billion worth of US goods will kick in after midnight on Tuesday, as the prospects for averting a tit-for-tat trade war appeared dim.

The Strait of Hormuz crisis has exposed just how vulnerable African economies remain to energy shocks.

Germany’s nationalist AfD won a landslide victory in the eastern state of Saxony-Anhalt on Sunday, potentially making it the first far-right party to gain power since the end of World War II.

by R.K.

Moove, the Nigeria-born unicorn that has been Uber’s vehicle financing partner in sub-Saharan Africa, is considering an exit from Nigeria following the ride-hailing company’s departure last week.

The Dangote Refinery has secured the approval of Nigeria’s securities regulator to launch an initial public offering on the stock exchange in Lagos.

S&P Global Ratings downgraded Senegal’s long-term foreign currency rating, citing a high chance that the country will default on its debt following an agreement reached with the IMF for a $2.2 billion loan.

Kenya’s government sought to reassure foreign traders that they have legal protection to operate in the country after President William Ruto raised doubts over their status in East Africa’s biggest economy.

The Scene HUMAIN CEO Tareq Amin recognizes Saudi Arabia’s latest effort to transform its economy for what it is: an audacious bet that it can join the US and China as a global AI superpower.

The Scoop AI data center builder DataVolt, linked to Saudi billionaire Mohammed Abunayyan, plans to complete a 100-megawatt facility in NEOM within 13 months, focused entirely on exporting compute capacity.

China will inject $45 billion into its largest banks and insurers, its biggest recapitalization push in decades as Beijing looks to boost the country’s faltering economy.

European bond yields rose on fears that renewed tensions in the Middle East could accelerate inflation, crimping the already tight fiscal space for under-pressure governments across the continent.

Neither Russia nor Ukraine appear to hold high hopes for the ongoing US diplomatic push toward peace.

Russia’s foreign minister accused Germany of “declar[ing] war” after Berlin said the Kremlin was behind an attempted airport drone attack.

The AfD’s victory in weekend German state elections portends huge change for the country, the continent, and the West more broadly.

Women accounted for 98% of the 162,000 jobs the US added in August, an unprecedented figure that could point to broader labor market shifts.

A dossier made public Saturday shed light on allegations that Sudan’s military developed and used chemical weapons in the country’s devastating civil war.

A swarm of OpenAI agents hacked a German website this spring, Reuters reported, in the latest incident of advanced AI violating laws and norms.

US envoys held talks with Ukrainian President Volodymyr Zelenskyy in Kyiv on Sunday after meeting Russia’s Vladimir Putin in Moscow, though analysts cast doubt on a reinvigorated peace initiative that appeared to offer little movement.

The US and Iran traded strikes on oil tankers over the weekend, intensifying pressure on energy flows through the Strait of Hormuz.