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Semafor World Economy

Noah Eckstein

Noah Eckstein

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

Mexico braces for new Trump era marked by economic and diplomatic tensions

The Mexican peso plummeted amid fears over Trump’s proposed tariffs and tougher immigration controls.
Donald Trump standing behind a barbed wire fence.Go Nakamura/Reuters

Global art market shows shifting center of gravity

The global art market is experiencing one of its toughest periods in recent years, fueled by inflation, high borrowing costs, and geopolitical instability.
Clare Jim/Reuters

Hurricane Helene’s deadly destruction across US could cost $30 billion

US President Joe Biden plans to visit some of the worst-affected regions this week.
Hurricane Helene’s aftermath in Florida.Kathleen Flynn/Reuters

New York City mayor charged with taking bribes to boost Turkey

Turkish officials and other organizations allegedly lavished the mayor with luxurious gifts and travel in return for favors and influence in US politics.
Kent J Edwards/Reuters

OpenAI to restructure as for-profit, giving Sam Altman equity stake: report

The move to end its non-profit status comes as Chief Technology Officer Mira Murati announced her departure.
Carlos Barria/Reuters

Putin issues new nuclear warning to West over Ukraine

The Russian president said an attack on Russia using conventional weapons supported by a nuclear state may trigger a nuclear response.
Alexei Nikolsky/Reuters

Israeli military prepares for potential Lebanon incursion as fears of all-out war rise

The US has sought to de-escalate the conflict, but officials have warned it could get worse.

India’s Modi emphasizes diaspora’s growing influence in US

US politicians across party lines have prized improved ties to New Delhi, and India has fitfully grown closer to Washington as its relations with China have soured.

Nevada Democrat backs no taxes on tips — with a caveat

Both Democratic nominee Kamala Harris and Republican Donald Trump embraced the idea in a bid to woo voters in the swing state, albeit with some differences.

In break with tradition, powerful Teamsters union won’t endorse Harris or Trump

The union’s decision reflects a split among its members, with a poll showing most favored the Republican for the presidency having endorsed Joe Biden in 2020.

UN vote adds to international pressure on Israel over Gaza and West Bank

The resolution was criticized by Israel and the US, which argued the move undermines efforts toward a two-state solution.

Ukraine drones strike deep inside Russia as Kyiv pushes to use Western missiles

The drone attack destroyed a Russian military arsenal in Tver, triggering a blast powerful enough to be detected by earthquake monitors and NASA satellites.

Harris stands firm with Biden on Gaza strategy

Speaking at an NABJ panel, Harris also talked about reparations, Trump’s second assassination attempt, and the economy.

Illinois congressman calls for US permitting law reform talks to continue through election

Rep. Sean Casten made the remarks at a Semafor event on US energy infrastructure in Washington DC.

Booker Prize 2024 shortlist recognizes ‘undersung’ women authors

Five of the six shortlisted novels were written by women, a first in the prestigious literary prize’s 55-year history.

Putin orders major Russian military expansion as Ukraine conflict intensifies

The Kremlin has ordered an additional 180,000 troops, bringing its total military personnel to 1.5 million, surpassing the US and India.

Oregon’s drug decriminalization reversal reflects global trends

Japan, Thailand, and other world nations are reconsidering their drug decriminalization policies, amid rising concern over safety.

Pope Francis urges Catholics to choose ‘lesser evil’ between Harris and Trump

The pope criticized the US presidential candidates’ immigration and abortion policies, saying they were “against life.”
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