Mining giant Glencore plans South Africa job cuts
Co-owners of Glencore’s ferrochrome venture, Merafe Resources, blamed the impending job cuts on electricity supply shortages and economic challenges.
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Semafor announces live journalism leadership team to accelerate World Economy platform and global expansion
Former U.S. Chamber of Commerce, Informa, Fortune and Bloomberg leaders join as Semafor’s World Economy Platform expands to five days with 400+ global CEOs and top policymakers.
Long-dated government bonds slump worldwide
Yields on 30-year US Treasurys neared 5%, Japan saw 20-year and 30-year yields jump, and long-maturity British, French, and German bonds all slumped.
Republicans prepare for quick confirmation of Miran to the Fed
But it’s not clear that they can heed the White House’s interest in getting a Trump ally seated by the central bank’s Sept. 16 meeting.
Elliott’s $4B bet on Pepsi adds to corporate drama
The outlook for the food industry is murkier than ever, feeling the impact of tariffs, shifting tastes, and the uptake of GLP-1 drugs.
Trump family's wealth grows by $5 billion after crypto launch
The WLFI can now be bought and sold on the open market, and is likely the Trumps’ most valuable asset.
US EV shoppers get deadline extension for tax credits
The $7,500 retail EV tax credit will expire at the end of September.
Syria exports first crude oil shipment since 2010
While the first shipment of 600,000 barrels is relatively small, the dispatch marks the return of a key driver of its economy.
EU plans more trade with S. America as US relations sour
European officials this week plan to review the proposals for deals with Mercosur, Latin America’s biggest trade group, and Mexico.
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