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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.

Trump questions North America trade deal renewal

Trump has repeatedly criticized Mexico and Canada over a range of issues.
US President Donald Trump, Mexico President Claudia Sheinbaum, and Canada Prime Minister Mark CarneyAmber Searls-Imagn Images via Reuters

China’s reduced oil purchases help keep global prices lower

China’s oil imports have fallen by almost 5 million barrels a day since the start of the Iran war.
Oil storage tanks and facilities of a Sinopec plant in Shanghai.Go Nakamura/Reuters

Foxconn to invest in Vietnam green energy

Vietnam imported almost 80% of its oil from Kuwait before the start of the conflict, leaving it hugely vulnerable.
A Foxconn device.Ann Wang/Reuters

Poorer nations face fertilizer hit as prices soar

Around 30% of global fertilizer supplies flowed through the Strait of Hormuz before the start of the Iran war.
A farmer, sprays fertilizer on rice seedlings at a paddy field.Willy Kurniawan/Reuters

Global wholesale inflation grows amid rising energy costs

China’s factory gate prices rose at the quickest pace since 2022 last month.
Vessels are anchored in the Strait of Hormuz as seen from Musandam.Stringer/Reuters

China exports beat forecasts amid global AI boom

Year-on-year exports jumped by close to 20%, driven partly by a 110% surge in semiconductor shipments.
A cargo ship with containers in China.Tingshu Wang/Reuters

Analysts skeptical over Iran peace deal

Tensions were still simmering between Israel and Iran after the two countries struck each other for the first time in weeks.

Xi looks to win over Kim during North Korea visit

Pyongyang’s ties to Beijing have been strained by a virtual freeze in trade during the COVID-19 pandemic.

Pro-EU PM claims victory in Armenian elections

Armenia has pivoted closer to the West in recent years with the help of Europe.

US sanctions Cuban President Miguel Díaz-Canel

US President Donald Trump has vowed to oust Cuba’s communist rulers, so far using economic coercion.

Zelenskyy proposes face-to-face peace talks with Putin

The Ukrainian president made the proposal in a combative letter that comes as Kyiv strikes ever deeper into enemy territory and Moscow’s offensive stalls.

Intelligence alliance warns of China’s spy recruiting efforts

The global Five Eyes intelligence alliance warned that China was using LinkedIn and other social media platforms to recruit spies.

GOP pushes back on Trump, votes to stop Iran war

A vote seeking to block further strikes was the latest sign of widening intra-party rifts over Trump’s war.

Amazon deforestation hits lowest level since 2019

It’s welcome news for Brazilian President Luiz Inácio Lula da Silva, who is on track for reelection in October polls.

Basque cheesecake inventor retires

Santiago Rivera, the owner of La Viña in his hometown of San Sebastián, Spain, leaves behind a legacy that has reshaped menus globally.

Mexican leader Sheinbaum’s popularity slides on corruption revelation

US prosecutors allege that Sinaloa Governor Rubén Rocha Moya, a member of Sheinbaum’s party, relied on a local cartel to help win an election.

US vows to keep some Canada, Mexico tariffs as trade pact deadline looms

All three nations must decide by July 1 whether to extend the US-Mexico-Canada trade deal for another 16 years.

China’s industrial profits surge at fastest rate in two years

The new figures still pointed to signs of China’s economic divergence: While exports remained strong, domestic consumption was paltry.