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Semafor World Economy

Tasneem Nashrulla

Tasneem Nashrulla

Email Tasneem
@TasneemN

Tasneem Nashrulla is a senior news editor at Semafor.

Iran braces for unrest amid economic crisis

The threat of sanctions triggered panic buying for food and fuel this week, The Wall Street Journal reported.
People in a market in Bandar Abbas, Iran
Majid Asgaripour/WANA (West Asia News Agency) via Reuters

Iran braces for economic unrest

The US campaign to inflict economic pain on Iran is squeezing the Iranian people, but is unlikely to move their leaders to end the war, analysts argued.
People in a market in Bandar Abbas, Iran
Majid Asgaripour/WANA (West Asia News Agency) via Reuters

FDA approves breakthrough drug for pancreatic cancer treatment

In a late-stage study, RevMed’s Rasonque helped subjects live to 13 months, nearly twice as long as those who only received chemotherapy.
The US Food and Drug Administration
Jason Reed/Reuters

China’s Xi Jinping likely to attend BRICS summit in India

Xi’s attendance at BRICS would mark his first visit to India in seven years amid thawing ties between the Asian giants.
Xi Jinping and Narendra Modi shake hands at the 2024 BRICS summit
China Daily via Reuters

Ukraine renews pleas for Patriot missiles

President Volodymyr Zelenskyy has long urged allies to replenish Kyiv’s stock of Patriots.
Residents stand amidst the rubble of a building in Kyiv that was destroyed by a Russian missile strike on August 20, 2026
Anatolii Stepanov/Reuters

Israel clashes with allies over West Bank settlement project

Israel sharply criticized the UK after London voiced opposition to the Jewish state’s support for settlements in the occupied West Bank.
Israeli soldiers take part in raid following settler attacks in al-Mughayyir in the Israeli-occupied West Bank
Mohammed Torokman/Reuters

New Chinese shopper turns to prestige beauty and hamburgers

The shift reflects the tastes of a more price-sensitive and discerning consumer.

Ebola outbreak in DR Congo becomes deadliest in country’s history

The current outbreak is spreading five times faster than previous ones.

US State Dept. mislabels every country on Africa map

The department acknowledged the “confusion” its map caused during a presentation at a global AIDS conference in Brazil.

Gulf states push China to restrain Iran

The Gulf is hoping that Beijing will use its economic clout to steer Tehran to a negotiated deal that will reopen the Strait of Hormuz.

Londoners are leaving in droves

The capital has been plagued by a cost of living crisis, slower pay growth, and higher levels of unemployment than other parts of the country.

US crude stockpiles are depleting rapidly

Analysts warned the massive drawdown could jeopardize the US’ role as the global supplier of last resort.

China crude imports tick up

Analysts said the rebound was unlikely to signal a return to pre-war levels.

Dual forces pressure Asia to reshape its security order

Beijing’s aggression and the US’ unpredictability have pushed Asian governments to create “a flexible web” of overlapping partnerships, logistics planning and intelligence sharing.

The anger fueling India’s ‘cockroaches’

India’s government will likely quell the student-led Cockroach protests, but it will have a harder time suppressing the underlying frustration fueling them, prominent Indian commentators argued.

Fervor over top-selling drugs fuels biotech dealmaking

Pharma companies have acquired 37 biotech firms worth at least $1 billion this year, more than all of 2025.

Chinese magnet shipments to US fall despite trade truce

China’s US-bound shipments of rare-earth magnets so far this year are 20% below average levels seen between 2022 and 2024, customs data showed.

Chinese startup founded by AI pioneer eyes potential IPO

Kai-Fu Lee’s firm is aiming to raise funds ahead of a potential 2027 IPO, joining other AI labs that have gone public or plan to.
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