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Semafor World Economy

Jeronimo Gonzalez

Jeronimo Gonzalez

Email Jeronimo
@jeronimogcc

Jeronimo is Semafor’s Operations Editor.

Sign up for Semafor Flagship: The daily global news briefing you can trust.

US ramps up China rhetoric ahead of upcoming meeting

The US Treasury secretary warned that “nothing else would matter” if China were to win the AI race.
US Treasury Secretary Scott Bessent.
Sam Wolfe/File Photo/Reuters

Global diesel market supply crunch could push up prices

Conflict in the Middle East and Ukrainian strikes on Russian refineries have led to a substantial amount of processing capacity being lost.
Storage tanks for crude oil, gasoline, diesel, and other refined petroleum products in California.
Bing Guan/Reuters

Argentina to sue Israeli oil firm in Falklands row

The move is Buenos Aires’ latest salvo in its campaign to regain control of the UK-controlled territory.
The Falklands war memorial.
Agustin Marcarian/Reuters

Beijing to inject $45 billion into banks and insurers

China’s growth target is already its lowest since 1991, and the economic picture is darkened further by a real estate downturn.
A vendor counts yuan banknotes.
Stringer/Reuters

Volkswagen announces record job cuts amid China pressure

European leaders have stepped up their vows to crack down on Chinese imports despite the potential blowback.
Technicians work at the production line for electric car models of the Volkswagen Group in Zwickau, Germany.
Matthias Rietschel/File Photo/Reuters

China under pressure over trade at G20 finance meetings

Exports from the world’s second-largest economy have surged in recent months, drawing the ire of competitors frustrated at low prices.
Employees work on a production line at a garment factory in Panyu District, Guangzhou.
Go Nakamura/Reuters

Dangote Refinery IPO coming this month

Africa’s richest man, Aliko Dangote, said the firm would seek to raise $5 billion, potentially making it the continent’s biggest-ever public offering.

Ukrainian ex-defense minister launches Palantir-backed military tech firm

The move risks angering Ukraine’s European supporters, as defense expertise is likely to be shared with US firms instead.

China engages in Egypt charm offensive

Relations between Beijing and Cairo have improved as China takes a more assertive role in the Middle East.

Oil jumps after Iran strikes on US bases in the Middle East

Oil jumped by more than 5% to $95 a barrel, while Asian stocks slid over worries the latest attacks point to protracted hostilities.

Russia ups assaults on Kyiv as battlefield progress stalls

Moscow has been launching non-stop drone strikes across busy areas of Kyiv, including a surge in daytime attacks.

Solar surpasses coal in China, becomes top power source

Solar accounted for almost a third of total installed capacity at the end of July, up from virtually nothing just a decade ago.

Venezuela oil exports jump amid controversial US deal

Washington recently took a stake in a firm in an effort to tap the world’s largest oil reserves and tame fuel prices at home.

Chinese manufacturing activity falls for second consecutive month

Beijing’s export-oriented industries have helped buoy the country’s economy for years as domestic consumption has faltered.

Africa turns to Asia for diesel as Iran war disrupts supplies

Before the start of hostilities, Africa relied on the Gulf for a large share of the fuel it consumes.

Asian leaders gather amid China’s efforts to expand influence

The Shanghai Cooperation Organisation members will meet in Kyrgyzstan to discuss energy and security.

DR Congo and Angola sign new Lobito deal

The Lobito Corridor links mineral-rich DR Congo and Zambia to Angola’s Atlantic ports.

Iceland votes on joining the EU

The vote has taken on deeper significance in the wake of US President Donald Trump’s threats in the Arctic.
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