Semafor • Sep 8, 2025
Basic mobile phone costs hold back Africa’s connectivity, report says
A basic internet-enabled device typically costs 87% of the average monthly income for the poorest fifth of people in sub-Saharan Africa.
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Semafor • Sep 8, 2025
Saudi Arabia lures The Met Opera with $200M deal
The New York company will perform in Riyadh for three weeks each winter for five years, in exchange for a financial lifeline.
Semafor • Sep 8, 2025
US investor Accion’s $62M fund to back more African startups
Nigerian payroll management startup PaidHR and Kenyan online commerce venture Flowcart are among those who secured funding..
Semafor • Sep 8, 2025
US and China drive record Saudi FDI
FDI inflows to Saudi hit $31.7 billion in 2024, up 24% from a year earlier, and are on track for another record this year.
Semafor • Sep 8, 2025
Saudi mortgage securities frees banks for Vision 2030 buildout
The kingdom’s first issuance is a step toward shifting $180 billion in mortgages off bank balance sheets and into the hands of investors.
Semafor • Sep 8, 2025
BRICS nations meet for talks to counter US protectionism
The virtual meeting, led by Brazil, offers another sign of how global trade alliances have shifted in response to Washington’s tariffs.
Semafor • Sep 8, 2025
PIF looks to bring Australia’s Macquarie to Saudi
Saudi’s wealth fund and the Australian asset manager explore partnering on energy transition and digital infrastructure deals.
Semafor • Sep 8, 2025
Surging Black, youth unemployment a key warning sign
The unemployment rate for Black workers in August was 7.5%, up from 6.1% a year ago, according to BLS data.
Semafor • Sep 7, 2025
Stablecoins may be next battleground in US-China rivalry
Beijing appears to be using Hong Kong as a testing ground for cryptocurrencies pegged 1:1 to fiat currencies.
Headlines
360 headlinesThese Haitian Meatpacking Workers Face Deportation. They Voted to Strike Anyway.
Mother Jones •
Michigan Lawsuit Calls Big Oil a “Cartel” That’s Driving High Energy Bills
Mother Jones •
Why corporate America is mostly staying quiet as federal immigration agents show up at its doors
The Conversation •
Has Little Caesars Arena boosted economic activity in Detroit? We looked at hotel and short-term rental industry data to find out
The Conversation •
Bad Bunny, Billionaires, and the Business of Sports
Mother Jones •
Data centers told to pitch in as storms and cold weather boost power demand
The Conversation •
Denmark’s generous child care and parental leave policies erase 80% of the ‘motherhood penalty’ for working moms
The Conversation •
Ignoring China’s Poverty Alleviation Success Is Costing Us All
Scheer Post •
3 things to know about Kevin Warsh, Trump’s nod for Fed chair
The Conversation •
Mamdani Announces New Settlement Securing Backpay for Delivery Workers
Mother Jones •
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