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Semafor World Economy

Mathias Hammer

Mathias Hammer

Newsroom Fellow

Email Mathias Hammer
@gjesdalhammer

UK sanctions Russian spies over cyberwarfare and attacks on Ukraine civilians

London targeted three units in Russia’s military intelligence agency and 18 spies “responsible for spreading chaos and disorder.”
Russian President Vladimir Putin tours a military hardware exhibition organised by the All-Russia People’s Front political movement, in Moscow, Russia July 6, 2025. Sputnik/Mikhail Metzel/Pool via Reuters

North Korea vows ‘unconditional support’ for Russia in Ukraine

South Korean intelligence officials have estimated that the North has sent Russia roughly 13,000 soldiers and millions of artillery shells to bolster its war in Ukraine.
North Korean leader Kim Jong Un greets Russian Foreign Minister Sergei Lavrov during a meeting in Wonsan, North Korea July 12, 2025.Russian Foreign Ministry/Handout via Reuters

NATO chief to meet Trump

The visit comes after US President Donald Trump said that Washington would consider supplying weapons to Ukraine via NATO
US President Donald Trump speaks with NATO Secretary General Mark Rutte as they attend the North Atlantic Council plenary meeting at the North Atlantic Treaty Organisation (NATO) summit in The Hague on June 25, 2025.Ludovic Marin/Pool via Reuters/File Photo

EU delays tariff countermeasures in hope of US trade deal

European Commission President Ursula von der Leyen said the bloc wants to negotiate a deal with Washington to avoid a 30% tariff rate.
European Commission President Ursula von der Leyen attends a press conference with Polish Prime Minister Donald Tusk and European Council President Antonio Costa, on the day of the European Union leaders summit in Brussels, Belgium June 26, 2025. Yves Herman/Reuters/File Photo

Gaza officials say children killed in Israeli strike while waiting for water

Israel’s military said that a ‘technical error’ had caused a missile to miss its intended target.
A Palestinian boy inspects the site of an Israeli strike that killed Palestinians, gathered to collect water from a distribution point, according to medics, in Nuseirat in the central Gaza Strip July 13, 2025. Stringer/Reuters

Mauritania to meet Israel at Trump White House meeting

The West African country is set to take a step toward resuming diplomatic ties at a White House meeting brokered by US President Donald Trump.
The White House.J. David Ake/Getty Images

Trump praises ‘brave’ Ukraine after Zelenskyy meeting

The US president said he believed Kyiv wants peace and that he would talk to Russia’s Vladimir Putin in a fresh bid to end the Ukraine war.

Afrikaner delegation arrives in DC to discuss discrimination claims

The White House has claimed that Afrikaners were facing mass killings and land seizures in South Africa, though this has been widely refuted.

NATO allies formally agree 5% defense spending target

European NATO members have scrambled to boost their national military outlays under pressure from Donald Trump.

Putin meets top Iranian minister in Moscow after US strikes

Russia has offered to help mediate talks to deescalate the conflict, but direct assistance for Tehran seems off the table for now.

France urges Israel, Iran to negotiate as strikes escalate

Paris is growing increasingly concerned about Israel targeting Iranian sites beyond nuclear and ballistic missile facilities.

Nippon Steel closes $14 billion takeover of US Steel

The deal, which took 18 months to finalize, grants the Trump administration an unusual degree of control over US Steel.

Russia launches deadliest attack on Kyiv so far this year

Russia has taken advantage of Ukraine’s air defense shortages to launch increasingly deadly aerial assaults.

Global oil prices soar after Israel strikes Iran

Oil prices had one of their biggest single-day increases since March 2022, amid concerns of an escalating Israel-lran conflict.

US reacts to Israeli strikes: GOP backs Israel, Democrats push diplomacy

Capitol Hill was largely split along party lines over Israel’s strikes against Iran, though some MAGA leaders were skeptical.

Iran retaliates with ballistic missile attack against Israel

Iran’s Revolutionary Guards Corps said it had struck dozens of targets in Israel “forcefully and with precision” after launching dozens of missiles in retaliation for Israeli strikes.

Trump’s top Africa diplomat to step down

Senior Bureau Official Troy Fitrell becomes the latest senior Africa official to leave his post.

Pentagon set to review AUKUS nuclear submarine deal: Report

A number of US administration officials have criticized the landmark defense agreement with the UK and Australia.
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