Iran war pushes borrowing in the Gulf to record highs

The Iran war is spurring record borrowing by Gulf states looking to harden their infrastructure and build trade routes that do not rely on the Strait of Hormuz.
Vessels at the Strait of Hormuz
Stringer/Reuters

Saudi lobbying to host the G20 summit in 2030

The kingdom wants to expand its role on the world stage with an event coinciding with the culmination of its Vision 2030 diversification drive.
Saudi Crown Prince Mohammed bin Salman at 2022 G20 Summit in Bali
Saudi Press Agency/Handout via Reuters

View / AI labs flock to the Bank of Jensen

It’s classic credit-enhancement, taking a risky thing and wrapping it in something safer. Usually this goes fine. Occasionally it’s catastrophic.
Manami Yamada/Reuters

China’s up-and-coming pharma giants

Beijing’s pharmaceutical firms are cutting-edge, but remain years away from challenging global heavyweights like AstraZeneca, the company’s CFO said.
Vials labelled “Astra Zeneca COVID-19 Coronavirus Vaccine”.
Dado Ruvic/Illustration/Reuters
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Politics

Washington honors Lindsey Graham

World leaders paid their respects to the late South Caro
Funeral service for late Senator Lindsey Graham
Evan Vucci/Reuters

Independent group tests DelBene’s seat

With congressional approval ratings underwater across the races surveyed, the pollsters argue independent candidates have an opportunity to break through.
Suzan DelBene
Brendan Mcdermid/Reuters

Bipartisan funding bill could drop this week

Senate Appropriations Chair Susan Collins, R-Maine, said she has been working on the stopgap funding bill with Democrats.
Susan Collins
Eric Lee/Reuters

Republicans drive SCOTUS approval to new low, poll finds

One-third of US adults approve of the job the high court is doing, down from 39% last year.

OpenAI’s Altman returns to DC ahead of crucial deadline

His visit is part of the company’s effort to brief policymakers on its latest advanced model.

Why Trump is warming toward Zelenskyy

The US president is sitting down with his Ukrainian counterpart at a high point in their dynamic. But there may be an ulterior motive.

Trump stops in Michigan swing district

He is visiting a General Motors facility in Milford, where a crowded field of Democrats are vying to challenge GOP incumbent Rep. Tom Barrett.

US importers say new tariffs spark ‘exponential’ uncertainty

With the tariffs that lapsed Friday, “we knew what we were getting,” the Consumer Technology Association’s Ed Brzytwa told Semafor.

Americans are feeling less gloomy about the economy, poll finds

Gallup’s economic confidence measure rose to -31 in July from a low of -45 in May, an improvement largely driven by Republicans and independents shifting in a more positive direction.

Everyone wants something from Thune

Senate Majority Leader John Thune’s rocky two-week road to recess starts Monday evening.

Trump weighs next steps on Iran

President Donald Trump paused strikes against Iran over the weekend after almost two straight weeks of attacks.
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