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Intelligence for the New World Economy

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Intelligence for the New World Economy
Semafor World Economy
Jeronimo Gonzalez

Jeronimo Gonzalez

Email Jeronimo@jeronimogcc

Jeronimo is Semafor’s Operations Editor.

Chinese humanoid robot maker Linkerbot seeks $6B valuation

Beijing has made dominating the humanoid robot sector a national priority.
An ensemble of humanoid robots produced by Linkerbot is set up with musical instruments.Maxim Shemetov/Reuters

Venezuela oil exports hit highest level since 2018

Crude production in Venezuela has surged since the US captured former President Nicolás Maduro.
Drilling rigs are seen at an oil well operated by Venezuela’s state oil company PDVSA.Carlos Garcia Rawlins/File Photo/Reuters

Egypt increases industrial gas prices

The Middle East’s most populous nation imports the vast majority of its fuels, and supplies have been choked by the Strait of Hormuz blockade.
Wind farms in Egypt.Amr Abdallah Dalsh/Reuters

Iran tightens domestic crackdown

The number of executions since the start of the war has surged to the highest level in 30 years.
A pro-regime protest in Tehran. Majid Asgaripour/WANA via Reuters

New major global trade deals exclude US

The deals may have more symbolic than tangible value, and come into effect with the US pushing its protectionist policies.
Shipping containers in Taiwan.Edgar Su/File Photo/Reuters

GOP rushes to redraw congressional maps

Both US parties have sought to gerrymander states they govern in search of an edge ahead of the November vote.
SCOTUS building.Will Dunham/File Photo/Reuters

Trump administration rebuffs Iran war power rules

US presidents can carry out military operations for 60 days without lawmakers’ backing, a period that ostensibly expires today.

Supply crunch drives Nvidia prices in China

Prices for some Nvidia servers in China have doubled to nearly $1 million as a crackdown on chip smuggling has dried up black market supplies.

US indicts Mexican governor for alleged drug trafficking

Washington accused Rubén Rocha Moya of protecting the Sinaloa Cartel in exchange for bribes and electoral support.

BP signs new natural gas exploration deal with Venezuela

The deal is the latest sign of surging investor appetite in the Latin American nation.

Kenya eyes $600M in World Bank emergency funds

The East African nation is particularly vulnerable given it imports the vast majority of its fuels from the Gulf.

China expands LatAm footprint with new mining deal

Beijing has made major economic inroads across South America in recent decades, though the US is eager to assert itself in the region.

Germany accelerates military spending

Berlin said it would increase its budget by one fifth in 2027 compared to this year.

Trump warns of prolonged Hormuz standoff

The World Bank estimated that a prolonged closure of the strait could drive energy prices up by almost a quarter.

UAE to leave OPEC

The country’s withdrawal deals a major blow to the cartel, which is already grappling with the fallout of the Iran war.

Asian economies prove resilient in wake of war

The buoyancy is due in part to more efficient energy use and the accelerating electrification of transport fleets.

Africa facing ‘acute’ hunger crisis as prices soar

The WFP warns that as many as 45 million more people worldwide could go hungry.

Embraer fuel-efficient jet draws buyers

The company’s fortunes have been lifted by its new plane, nicknamed “The Profit Hunter,” amid fears of jet fuel shortages.