Prashant Rao
Senior Editor at Semafor
@Semafor Senior Editor | Sign up: https://t.co/7kDY5yghAG | Ex @TheAtlantic, @nytimes London, @AFP Iraq | DM for Signal/WhatsApp
Articles
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1 week ago |
semafor.com | Prashant Rao
Semiconductor giants Nvidia and ASML are already suffering the effects of US President Donald Trump’s unpredictable trade policies. Trump had apparently agreed to allow Nvidia to export its most sophisticated models to China, following a meeting with the company’s CEO. But curbs have now been reinstated, leading Nvidia to record a $5.5 billion charge. And ASML, which builds chipmaking machines, said orders were below expectations, blaming tariff uncertainty.
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1 week ago |
semafor.com | Prashant Rao
Peru jailed a former president for accepting bribes from a Brazilian construction firm, the latest senior politician to be felled by a continent-wide corruption scandal. Ollanta Humala, who led Peru from 2011 to 2016, was found guilty of accepting illicit campaign funds from Odebrecht, which has admitted to handing out bribes for years across Latin America.
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1 week ago |
semafor.com | Prashant Rao
Italian Prime Minister Giorgia Meloni heads to Washington today for talks with US President Donald Trump, carrying with her European hopes of defusing transatlantic tensions. The continent has made little headway on lowering US tariffs in particular; a recent visit by the EU trade commissioner to Washington was widely viewed as a flop.
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1 week ago |
semafor.com | Prashant Rao
China reported stronger-than-expected economic growth but warned of stark challenges ahead. The world’s second-largest economy grew at an annualized rate of 5.4% in the first quarter, offering authorities a buffer in their efforts to reach their target of 5% growth for the year, ING’s chief China economist noted.
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1 week ago |
semafor.com | Prashant Rao
US President Donald Trump’s administration pressed ahead with plans for tariffs on chips and pharmaceuticals even as he floated a reprieve for automakers, adding to widespread uncertainty over his trade policy.
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