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Semafor World Economy

Jeronimo Gonzalez

Jeronimo Gonzalez

Email Jeronimo
@jeronimogcc

Jeronimo is Semafor’s Operations Editor.

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Russia’s online crackdown sparks rare dissent

The internet has been completely shut down at times as Moscow has sought to silence criticism.
Russian President Vladimir Putin.Sputnik/Alexander Kazakov/Reuters

US soldier involved in Maduro raid arrested for ‘insider trading’

The soldier allegedly bet on the outcome of the operation in Venezuela before it took place.
A photo of former Venezuelan President Nicolás Maduro in US custody. Adam Gray/File Photo/Reuters

China’s DeepSeek launches new AI model

DeepSeek said the open-source model would compete with OpenAI’s and Google DeepMind’s advanced products.
A DeepSeek AI sign.Florence Lo/Reuters

Russia deepens defense ties in West Africa

Moscow is reportedly using its shadow fleet to transport heavy equipment to its African allies, bypassing Western sanctions.
A French Navy helicopter hovers over the Deyna vessel, which is supposed to be a member of the Russian shadow fleet. Prefecture maritime de la Mediterranee/Etat Major des Armees/Handout via Reuters

China locked in deflation ‘trap’ despite Iran war price pressures

Beijing has long struggled to drive domestic consumption, while brutal competition in many industries has pushed producers to cut prices.
People queue outside a Gucci store in Tsim Sha Tsui.Tyrone Siu/File Photo/Reuters

Lebanon truce threatened ahead of talks

The 10-day truce is due to expire Sunday, though hope remained that US-brokered peace talks could lead to an extension.
Excavators working on a site in Lebanon after an Israeli strike. Zohra Bensemra/Reuters

Milei’s popularity plummets amid corruption scandal in Argentina

Since taking office in 2023, Milei has overseen a remarkable transformation of South America’s second-largest economy, though wages have flatlined.

Safety fears could slow China’s robotaxi rollout

Goldman Sachs predicted that China will have almost 15,000 robotaxis by the end of the year, but consumers are increasingly wary.

European carmakers lose premium brand status in China

Chinese manufacturers have a leg up in terms of technology, and experts say European rivals are too far behind to catch up.

USA Rare Earth to acquire Brazil’s Serra Verde in $2.8B deal

It’s the latest in a string of acquisitions as the US looks to reduce its dependence on Chinese exports.

US labor secretary steps down amid cabinet turmoil

She is the third cabinet member to leave in two months, and the crisis is compounding challenges for Republicans ahead of midterms.

Trump’s Fed chair pick Kevin Warsh faces Senate hearing

Analysts and lawmakers have been skeptical of Warsh’s independence amid intense White House pressure on the central bank.

Algeria launches oil and gas licensing round amid energy crunch

The government said prospect sites are estimated to contain hundreds of millions of barrels of crude and vast amounts of natural gas.

LatAm oil boom could exacerbate inequality

Latin America is forecast to make up around 50% of global oil production growth through 2030, but only some countries are set to benefit.

China revives coal to boost energy independence

The war in Iran is pushing Beijing to look at domestic coal as an alternative to replace natural gas imports.

Global EV sales spike on fuel crisis

India saw purchases jump 87% year-on-year in March, and the UK saw a record number of EVs sold the same month.

Kenya seeks emergency funds from World Bank

Kenya, like many African nations, imports the majority of its fuels, and soaring costs have already hammered its economy.

World’s largest chocolate maker hit by price crunch

The world’s largest chocolate maker is having to sell its chocolate at a discount after prices surged and then fell steeply.
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