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Bloomberg

24 Apr, 16:45

Naira drops: Nigeria’s currency plunged, heading for its worst four-day losing streak since the naira was devalued in January as domestic dollar liquidity evaporated. https://bloom.bg/3vX9LrX

Green insurance: The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage. https://bloom.bg/4aR7IF4

Chocolate crisis: Cocoa resumed gains in New York, with prices the most volatile in almost five decades amid uncertainty over a historic supply crunch. https://bloom.bg/4d5ATpr

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday

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Bloomberg

24 Apr, 06:33

BREAKING: The US Senate has voted to ban TikTok’s ownership by Chinese parent ByteDance. This now sets the stage for a constitutional clash over whether the prohibition deprives US users of their First Amendment free speech rights. https://bloom.bg/44h4ybc

📷: Bing Guan/Bloomberg

16.3k 6 109 141

Bloomberg

24 Apr, 05:40

BREAKING: The Senate passed a long-delayed $95 billion emergency aid package for Ukraine and other besieged US allies, clearing the way for resumed arms shipments to Kyiv within days. https://bloom.bg/49WnDjP

📷: Andrew Kravchenko/Bloomberg

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Bloomberg

23 Apr, 14:45

Index rally erased: Zimbabwe’s new currency, the ZiG, has wiped out a gain of more than 330% on the nation's main stock market this year, leaving investors dealing with the fallout. https://bloom.bg/4b8oxLa

Surprise tax: A high-stakes standoff between Congo and the country’s biggest telecom operators ended with the companies paying an extra $5.8 million a month to the government. https://bloom.bg/4d3nLB7

Set sail: An Egyptian wheat ship has been allowed to sail after waiting three weeks for the correct paperwork, as a dispute between one of Russia’s top grain traders and a local regulator continues to disrupt exports. https://bloom.bg/3WgVzVv

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.

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Bloomberg

22 Apr, 15:20

Change of plans: UK Prime Minister Rishi Sunak acknowledges his longstanding promise to send deportation flights to Rwanda by the spring has fallen by the wayside, and now the first flight is set to take off in July. https://bloom.bg/49OWRKq

Weight-loss drugs: Africa’s biggest drugmaker could potentially help ease a growing supply crunch for the world’s hottest obesity medications. https://bloom.bg/4aZJIQd

Oil findings: Galp’s shares jump after the Portuguese oil company says a well test “potentially” indicates Mopane could be an important commercial find in Namibia. https://bloom.bg/4aItPxn

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.

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Bloomberg

19 Apr, 18:22

South Africa coalitions: Polls show that the country — which votes on May 29 — could enter uncharted political terrain. https://bloom.bg/3UoAcjy

Rwandan meddling: Conflict in eastern Congo has reached a peak not seen in at least a decade, spurred allegedly by Rwandan support for a brutal rebel group. https://bloom.bg/3UowUwG

Cholera vaccine: An oral vaccine for cholera that is more simple to make than existing versions has been approved by the World Health Organization. https://bloom.bg/3Q8lISv

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.

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Bloomberg

19 Apr, 07:10

Israel launched a retaliatory strike on Iran less than a week after Tehran’s rocket and drone barrage, according to two US officials, raising fears of a widening conflict across the Middle East.

Follow our live blog for the latest (free to read) https://bloom.bg/4cZMLJj

📷: ATTA KENARE/AFP via Getty Images

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Bloomberg

19 Apr, 05:50

DEVELOPING: An explosion was heard early Friday in Iran’s central city of Isfahan, a news agency reported, citing local sources https://bloom.bg/3JsA8Jn

29.3k 5 69 107

Bloomberg

19 Apr, 05:24

🚨 LIVE: India begins voting in the world's biggest election, with Prime Minister Modi aiming for a historic third term.

Follow our free-to-read live blog for the latest news, updates and analysis https://bloom.bg/3xCaor8

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Bloomberg

18 Apr, 16:58

Succession problem: The impulsive behavior of Equatorial Guinea's vice president threatens the long-term stability of the Central African state that has been ruled by his father for the past 45 years. https://bloom.bg/3vOf6ll

ZiG gains: Zimbabwe, whose currency declined 80% before being abandoned, is now worried about its new unit appreciating too fast. https://bloom.bg/4d59ovW

Coffee trade: Ethiopia has revised rules to allow foreign companies to buy coffee directly from farmers and processors, the latest in reforms to liberalize Africa’s biggest producer of the commodity. https://bloom.bg/4cYFF7T

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.

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Bloomberg

18 Apr, 07:58

The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.

This year the title has switched, with 12-time winner Singapore being edged out of the top spot by its Middle Eastern rival in the Skytrax World Airport Awards 2024. See the full list of the world's best airports here: https://bloom.bg/49Gl7OE

📷: Lauryn Ishak/Bloomberg

26.3k 9 72 106

Bloomberg

18 Apr, 06:03

Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon to provide the Israeli government with AI and cloud services. More here: https://bloom.bg/4aTKIW1

📷: Marlena Sloss/Bloomberg

26.1k 8 124 271

Bloomberg

17 Apr, 15:55

Africa's capital flight: The number of millionaires living in Africa dropped by nearly 20,000 in the past decade as they either moved away or saw currency depreciations chip away at their wealth. https://bloom.bg/49EpXMr

Inflation drop: South Africa’s inflation rate dipped to a two-month low in March, but that is unlikely to persuade policymakers to cut borrowing costs. https://bloom.bg/4cU9TZX

ZiG reserves: Zimbabwe won’t print additional ZiG notes unless it has the reserves to back the new currency, the central bank governor says. https://bloom.bg/3xFuS2k

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.

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Bloomberg

17 Apr, 13:18

Follow Bloomberg India's WhatsApp channel for the latest news and analysis from India and beyond https://whatsapp.com/channel/0029VaIfIuQ7oQheLjfN2w1e

Bloomberg India | WhatsApp Channel

Bloomberg India WhatsApp Channel. . 9.8K followers

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Bloomberg

16 Apr, 15:41

John the Second's plan: Zimbabwe’s new central bank governor vows to restore confidence in the institution that’s repeatedly failed to stabilize prices and the nation’s currency. https://bloom.bg/49CCJeu

No free beach: Nigeria’s commercial capital boasts miles of white sand along the Atlantic Ocean that once teemed with locals looking to beat the heat. So what happened? https://bloom.bg/3U1Zwu7

Gold miners tussle: Endeavour Mining has been accused by Lilium Mining of misrepresentation over the sale of two African gold mines, as the fallout from the tenure of ousted CEO Sebastien de Montessus continues. https://bloom.bg/3xHefU8

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.

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Bloomberg

16 Apr, 07:56

The resurgent dollar cut a swath through global currencies, weakening many in Asia through closely watched levels that forced some officials to step in to stem the losses.

A key intervention from China only served to ramp up the pressure with the Indonesian rupiah, India’s rupee and the South Korean won being particularly hit. Read more here: https://bloom.bg/49xPjLW

📷: SeongJoon Cho/Bloomberg

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Bloomberg

16 Apr, 05:40

BREAKING: China’s economic growth beats expectations in the first quarter, rising 5.3% from a year earlier. Follow along for analysis. https://bloom.bg/49FqmOK

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Bloomberg

15 Apr, 16:31

Inflation record: Nigerian inflation accelerated more than anticipated to a 28-year high, as a surge in the nation’s currency has yet to reflect on the cost of imported goods. https://bloom.bg/3UiwlEA

Forgotten crisis: One year on, Sudan’s civil war has destroyed its social fabric, sparked the world’s biggest displacement disaster and threatens the largest hunger emergency. https://bloom.bg/4aBHPZC

Brazilian corn: Zimbabwe is considering importing corn from Brazil for the first time since 2014 as the El Niño weather pattern withers crops in the region. https://bloom.bg/3TV8Ccl

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.

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Bloomberg

15 Apr, 11:28

Singapore Prime Minister Lee Hsien Loong will step down on May 15 after two decades, handing the reins to his deputy Lawrence Wong. More here: https://bloom.bg/4aAYr3y

📷: Lionel Ng/Bloomberg

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Bloomberg

15 Apr, 03:47

🚨 Here's what we know so far:

- Iran attacked Israel in retaliation for strike on embassy compound
- Israel says Iran launched over 300 drones and missiles, most of which were downed
- US and UK helped intercept drones targeting Israel
- G-7 leaders condemn strike, urge restraint

Follow our free live blog for the latest news, analysis and updates. ⬇️ https://bloom.bg/3UikzdA

Israel Says Most Drones, Missiles Were Intercepted