Mozambique election: The country's ruling-party candidate was declared the winner of presidential elections by a landslide as tensions over fraud claims put the southeast African nation on edge. https://bloom.bg/4eVjL6d
Somalia, Ethiopia relations: Somalia wants the African Union and United Nations to exclude Ethiopian soldiers from a peacekeeping force fighting al-Qaeda-linked rebels amid tensions between the Horn of Africa neighbors. https://bloom.bg/3BZ31fN
Defending currency: Kenyan policymakers are ready to use record foreign reserves to defend the shilling after its world-beating gains this year, Central Bank Governor Kamau Thugge says. https://bloom.bg/4e2EiEB
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Somalia, Ethiopia relations: Somalia wants the African Union and United Nations to exclude Ethiopian soldiers from a peacekeeping force fighting al-Qaeda-linked rebels amid tensions between the Horn of Africa neighbors. https://bloom.bg/3BZ31fN
Defending currency: Kenyan policymakers are ready to use record foreign reserves to defend the shilling after its world-beating gains this year, Central Bank Governor Kamau Thugge says. https://bloom.bg/4e2EiEB
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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Elon Musk added $33.5 billion to his net worth on Thursday, as Tesla shares posted their biggest gain in more than a decade after the automaker reported its largest quarterly profit since the summer of 2023: https://bloom.bg/4dY0tvz
📷: Tolga Akmen/EPA
📷: Tolga Akmen/EPA
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Singapore's Changi Airport can now process passengers through immigration in as little as 10 seconds, thanks to futuristic technology like facial recognition and iris biometrics. Read more: https://bloom.bg/3C7IsO4
📷: Nicky Loh/Bloomberg
📷: Nicky Loh/Bloomberg
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Microsoft Chief Executive Officer Satya Nadella received a pay package worth $79.1 million for fiscal 2024, a 63% increase from the prior year, as the software maker worked to extend its strong position in artificial intelligence tools: https://bloom.bg/48i4Z6Z
📷: Chris Ratcliffe/Bloomberg
📷: Chris Ratcliffe/Bloomberg
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Chef Paik Jong-won, a judge on Netflix's hit show Culinary Class Wars, is now $215 million richer after listing his restaurant chain — and helping boost Korea's struggling IPO market. Read more: https://bloom.bg/4eTQxof
📷: Netflix
📷: Netflix
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Elon Musk gave another $56 million to elect Donald Trump and other Republicans in the final weeks of the 2024 election, bringing to at least $132 million the amount spent by the world’s richest person to elevate his allies to the White House and Congress, federal filings show: https://bloom.bg/3NJ33e4
📷: Justin Merriman/Bloomberg
📷: Justin Merriman/Bloomberg
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Marburg outbreak: Rwanda has identified the source of its first-ever outbreak of the highly virulent and deadly Marburg disease to fruit bats in a cave where mining was taking place. https://bloom.bg/4e3lBke
Africa's Growth: The IMF raised its economic growth forecast for sub-Saharan Africa next year to the highest since 2021, while warning that factors including social unrest create elevated uncertainty. https://bloom.bg/4e3WY6V
Inflation jumps: Zimbabwe's monthly inflation rate surged after a steep devaluation of its gold-backed ZiG currency stoked prices. https://bloom.bg/40gXwDa
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Africa's Growth: The IMF raised its economic growth forecast for sub-Saharan Africa next year to the highest since 2021, while warning that factors including social unrest create elevated uncertainty. https://bloom.bg/4e3WY6V
Inflation jumps: Zimbabwe's monthly inflation rate surged after a steep devaluation of its gold-backed ZiG currency stoked prices. https://bloom.bg/40gXwDa
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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Israel struck military targets in the Iranian capital Tehran early Saturday, fulfilling Prime Minister Benjamin Netanyahu’s pledge to retaliate for an Oct. 1 ballistic-missile barrage. Latest updates: https://bloom.bg/3A3r5O5
📷: Amir Levy/Getty Images Europe
📷: Amir Levy/Getty Images Europe
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Climate activists may be predicting the beginning of the end for oil, but a meeting in Singapore tells a different story. That and more in this week's free Singapore Edition newsletter: https://bloom.bg/4fkS6eM
📷: Roslan Rahman/AFP via Getty Images
📷: Roslan Rahman/AFP via Getty Images
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Japan faces political instability after the ruling LDP coalition lost a majority in parliament for the first time since 2009. Follow our blog for all the news, market reaction and analysis https://bloom.bg/48lKDd9
📷: Toru Hanai/Bloomberg
📷: Toru Hanai/Bloomberg
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Trade-tracking data show that an inconspicuous Mumbai-based pharma company, Shreya Life Sciences, is selling top-end Dell servers optimized for AI to Russia, underscoring holes in Western governments' attempts to shut off Moscow's access to tech with potential military applications.
The company is part of a lucrative trade that has the US and its European allies worried at India’s burgeoning role as an intermediary in the sales. Read the Big Take here: https://bloom.bg/4hm3mZY
📷: I-Hwa Cheng/Bloomberg
The company is part of a lucrative trade that has the US and its European allies worried at India’s burgeoning role as an intermediary in the sales. Read the Big Take here: https://bloom.bg/4hm3mZY
📷: I-Hwa Cheng/Bloomberg
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Dollar phase-out: Zimbabwe's ruling party decided at its annual conference to make the gold-backed ZiG the only legal currency in the country, phasing out use of the US dollar. https://bloom.bg/40nfJPI
Renewed protests: Mozambican opposition leader Venâncio Mondlane warned of "very difficult days" ahead, including more protests, as he plots a new phase in his dispute over election results he described as fraudulent. https://bloom.bg/3CbgFMF
Africa's biggest IPO: South Africa’s Pick n Pay plans to list its low-cost Boxer business on the Johannesburg exchange by the end of the year, seeking to raise $452 million in what will be the continent’s biggest offering this year. https://bloom.bg/4fEAmLF
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Renewed protests: Mozambican opposition leader Venâncio Mondlane warned of "very difficult days" ahead, including more protests, as he plots a new phase in his dispute over election results he described as fraudulent. https://bloom.bg/3CbgFMF
Africa's biggest IPO: South Africa’s Pick n Pay plans to list its low-cost Boxer business on the Johannesburg exchange by the end of the year, seeking to raise $452 million in what will be the continent’s biggest offering this year. https://bloom.bg/4fEAmLF
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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No deal: South Africa’s antitrust tribunal prohibited Vodacom’s 13.2 billion-rand ($745 million) deal to buy a stake in the fiber business of Remgro, part-owned by billionaire Johann Rupert. https://bloom.bg/48t2FtN
Election tensions: Mozambican law-enforcement officials opened a criminal case against opposition leader Venâncio Mondlane after his supporters torched a police station in the wake of violent protests over claims of fraud in the Oct. 9 elections. https://bloom.bg/4fqLMCB
Budget preview: South Africa’s first budget update under a new coalition government on Wednesday will be closely watched for its resolve to control debt and expedite reforms to fire up the lackluster economy. https://bloom.bg/4fG4OFd
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Election tensions: Mozambican law-enforcement officials opened a criminal case against opposition leader Venâncio Mondlane after his supporters torched a police station in the wake of violent protests over claims of fraud in the Oct. 9 elections. https://bloom.bg/4fqLMCB
Budget preview: South Africa’s first budget update under a new coalition government on Wednesday will be closely watched for its resolve to control debt and expedite reforms to fire up the lackluster economy. https://bloom.bg/4fG4OFd
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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The world is increasingly driving Chinese EVs, scrolling the web on Chinese smartphones and powering their homes with Chinese solar panels, and the US is struggling to stop it.
New research by Bloomberg shows that Made in China 2025 — an industrial policy blueprint unveiled a decade ago — has largely been a success. Read The Big Take here: https://bloom.bg/3CdRoS2
New research by Bloomberg shows that Made in China 2025 — an industrial policy blueprint unveiled a decade ago — has largely been a success. Read The Big Take here: https://bloom.bg/3CdRoS2
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Debt weighs: South Africa’s budget update showed public finances are under increasing pressure, heightening the need for the new coalition government to lure more investment. https://bloom.bg/4e6evvh
Longer rule: Botswana's governing party is poised to extend its almost six-decade rule of the diamond-rich southern African nation against a divided opposition in today's election. https://bloom.bg/4fmmyVM
Fiscal crunch: Angola faces peak loan payments that require the oil-producing nation to use all of its fiscal revenue to pay salaries and to service debt, its finance minister said. https://bloom.bg/3C6OzT1
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Longer rule: Botswana's governing party is poised to extend its almost six-decade rule of the diamond-rich southern African nation against a divided opposition in today's election. https://bloom.bg/4fmmyVM
Fiscal crunch: Angola faces peak loan payments that require the oil-producing nation to use all of its fiscal revenue to pay salaries and to service debt, its finance minister said. https://bloom.bg/3C6OzT1
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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🎙 The world is increasingly driving cars and using phones made in China — despite US efforts to keep China’s tech from getting ahead.
What went wrong? Listen to the Big Take Asia podcast https://link.podtrac.com/jxfy2rhy
What went wrong? Listen to the Big Take Asia podcast https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take Asia
We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
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New deputy: A Kenyan court rejected a bid to block the appointment of President William Ruto’s new deputy. https://bloom.bg/4f4UfeR
Protests simmer: Mozambicans are bracing for more political turmoil following an opposition leader’s call for a week of protests against what he said was a rigged election. https://bloom.bg/3C6hvdP
Coal plans: South Africa has pledged to slash emissions from its fleet of coal-fired power plants to help secure $2.6 billion in climate finance. That’s despite seeking to change the terms of a 2022 agreement by delaying closing three of the facilities. https://bloom.bg/48tqxxr
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Protests simmer: Mozambicans are bracing for more political turmoil following an opposition leader’s call for a week of protests against what he said was a rigged election. https://bloom.bg/3C6hvdP
Coal plans: South Africa has pledged to slash emissions from its fleet of coal-fired power plants to help secure $2.6 billion in climate finance. That’s despite seeking to change the terms of a 2022 agreement by delaying closing three of the facilities. https://bloom.bg/48tqxxr
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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Indian American voters in swing states have become key targets for Democratic campaigners who think they could deliver a Kamala Harris victory in a tight election https://bloom.bg/4f66xDL
📷: Simone Foxman/Bloomberg
📷: Simone Foxman/Bloomberg
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Botswana election: An opposition coalition emerged as the shock winner of Botswana’s parliamentary elections, the first time power has changed hands in the diamond-dependent southern African nation since independence almost six decades ago. https://bloom.bg/3NNYvTR
Stashed dollars: Nigeria unveiled an amnesty program to draw out foreign exchange hoarded by individuals outside banks in a bid to support the nation’s currency, which plummeted to a new low on Thursday. https://bloom.bg/4hnlMK9
Broadband costs: Ghana, the West African nation recovering from a debt crisis, is banking on a high-speed broadband network supported by billionaire Mukesh Ambani to cut data costs and spur economic activity. https://bloom.bg/3NTzJSc
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Stashed dollars: Nigeria unveiled an amnesty program to draw out foreign exchange hoarded by individuals outside banks in a bid to support the nation’s currency, which plummeted to a new low on Thursday. https://bloom.bg/4hnlMK9
Broadband costs: Ghana, the West African nation recovering from a debt crisis, is banking on a high-speed broadband network supported by billionaire Mukesh Ambani to cut data costs and spur economic activity. https://bloom.bg/3NTzJSc
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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Whatever happens in the US election, smaller nations are preparing to navigate the vote and its aftermath. Find out how the rest of the world is bracing itself in this week's Singapore Edition newsletter: https://trib.al/TUyYJcR
📷: Ed Wray/AP
📷: Ed Wray/AP
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LVMH, Kering and other luxury houses poured billions of dollars into China. Now they're scrambling to adjust to what may be a permanent shift in demand. Here's why: https://bloom.bg/4eagSNv
📷: Na Bian/Bloomberg
📷: Na Bian/Bloomberg
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