Bitcoin steadied after a rally toward $100,000 fizzled just shy of the historic level, as traders assess whether optimism stemming from President-elect Donald Trump’s support for crypto is becoming stretched. More here: https://bloom.bg/499mgQm
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Gas prices: Long queues of cars are a common sight at fuel stations across Nigeria, but for some drivers switching to compressed natural gas, pumps are becoming a thing of the past. https://bloom.bg/3ZgweMn
ICC arrest warrants: Israel’s Prime Minister Benjamin Netanyahu severely criticized the ICC for issuing arrest warrants against him and a former minister, and said his government won’t be deterred from continuing its war against Hamas in Gaza. https://bloom.bg/3Zk1IRU
Food prices soar: Almost two out of three Nigerian households are going hungry, with families skipping meals as they cannot afford enough food, official statistics suggest. https://bloom.bg/3CEJFNb
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Fighting in Africa: About 10% of Africa is caught up in conflict, with fighting having spread and worsened over the past three years, according to Verisk Maplecroft. This map shows the hotspots: https://bloom.bg/4130Cv7
Cryptocurrency startup: An American startup is building a $3 billion crypto market in Africa, riding demand for digital substitutes for the US dollar. https://bloom.bg/4eFFNJ6
Rate cut: South Africa's central bank lowered its key interest rate by a modest 25 basis points, for a successive meeting. While more cuts are likely, Governor Lesetja Kganyago is worried about risks next year. https://bloom.bg/3OjJsBF
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
Gautam Adani’s wealth gains this year were wiped out after he was charged by US prosecutors with helping drive a $250 million bribery scheme, sending his companies’ stocks and bonds tumbling.
The net worth of Asia’s second-richest person sank more than $15 billion earlier on Thursday, according to the Bloomberg Billionaires Index. More here: https://bloom.bg/4i0qC0c
📷: Sumit Dayal/Bloomberg
Property prices in Asia’s major markets are expected to rise over the next year, with Hong Kong leading the projected gains, and Singapore, Australia and Japan also becoming more expensive, according to Bloomberg Intelligence: https://bloom.bg/4hZK8tx
📷: Billy H.C. Kwok/Bloomberg
Indian billionaire Gautam Adani and other executives were charged with paying more than $250 million in bribes to Indian government officials and concealing them from US investors. Get the latest here: https://bloom.bg/3Cyzzh0
📷: Kobi Wolf/Bloomberg
“When I heard they were going to be cut down, I knew I had to protect them."
Trees are increasingly becoming a flashpoint in Tokyo, as record temperatures and large-scale redevelopment projects put the loss of greenery on residents' minds https://bloom.bg/3YPCObe
Tenants bounce back.
Singapore home rents are cooling, but they won't crash, Andy Mukherjee writes for Bloomberg Opinion. Read how landlords are losing their advantage: https://bloom.bg/4exjeGA
📷:: Lauryn Ishak/Bloomberg
Exclusive: Top Justice Department antitrust officials have decided to ask a judge to force Google to sell off its Chrome browser in what would be a historic crackdown on one of the biggest tech companies in the world.
If the US federal judge accepts the proposal, they have the potential to reshape the online search market and the burgeoning AI industry. Read more: https://bloom.bg/3Og3cGo
📷: Sheldon Cooper/SOPA Images/LightRocket via Getty Images
An Indian startup controlled by Asia’s richest man will introduce its first humanoid robots in 2025, taking on US and Chinese rivals who have a head start in the burgeoning field. Read more about Addverb Technologies here: https://bloom.bg/3YS88pK
📷: Addverb Technologies Ltd.
AI hysteria has largely played out in the stock market. Now debt bankers want to get in on the $1 trillion payday. Read The Big Take: https://bloom.bg/3AXLCDT
📷: Glenn Harvey
Parliamentary vote: Senegalese President Bassirou Diomaye Faye will seek to consolidate his grip on power in parliamentary elections on Sunday to push through a series of reforms needed to steady the government’s shaky finances. https://bloom.bg/3ObUbOG
For sale: The tuna fishing fleet at the center of a $2 billion corruption scandal, which scuttled Mozambique’s economy and triggered court cases across three continents, is up for auction. https://bloom.bg/3AFVQJ6
Collaring elephants: Zimbabwe plans to collar and track the movement of dominant female elephants at a national park the size of Connecticut in a bid to lessen the conflict between the world’s second-biggest population of the pachyderms and rural farmers. https://bloom.bg/4eEPfg4
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
New Zealand is considering charging tourists when they visit national parks and other public land.
Many of its landmark destinations such as Milford Sound, Aoraki Mount Cook and the Tongariro Alpine Crossing are in such parks. More: https://bloom.bg/3AUn9zg
📷: William West/AFP/Getty Images
How an internet joke became a government enigma. Read about US President-elect Donald Trump's new initiative. https://bloom.bg/3Z5JtPS
📷: Andrew Harnik/Getty Images
No water: The taps in Zimbabwe’s second-biggest city may run dry by the end of this year due to a severe drought and lack of investment in water infrastructure. https://bloom.bg/3YNpHqR
Formal recognition: Somaliland holds a long-delayed election on Wednesday amid hopes a new US administration will back the breakaway region’s campaign to gain formal recognition. https://bloom.bg/4es5psQ
National disaster: South Africa declared a national disaster after floods and storms caused widespread damage in the country, allowing the government to free up funds for relief and reconstruction. https://bloom.bg/3CzKCGs
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Singapore's rival casino resorts are betting billions on expansions as their licenses come up for renewal. Find out which one is on a roll in this week's free Singapore Edition newsletter: https://bloom.bg/3Zi1smm
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Gautam Adani, one of the world’s richest people, was in good spirits Wednesday evening. Before heading to bed in the Indian city of Ahmedabad, he relaxed by playing a card game with his wife, according to a person close to him.
But around 3 a.m., a colleague delivered some shocking news: The US had charged Adani and several associates with fraud in a sprawling criminal investigation. Within minutes, senior executives from the Group assembled on conference calls and in the conglomerate’s headquarters. Read The Big Take here: https://bloom.bg/4fXS250
📷: Sumit Dayal/Bloomberg
🚨 HAPPENING NOW: How billions of dollars of sanctioned Iranian oil is making its way to China.
After analyzing years of satellite data, Bloomberg reporters sailed to waters east of peninsular Malaysia and Singapore to verify themselves.
Join our reporters in the Bloomberg Live Q&A https://bloom.bg/3CH7IeE
🎙 How billions of dollars of sanctioned Iranian oil is making its way to China.
After analyzing years of satellite data, Bloomberg reporters sailed to waters east of peninsular Malaysia and Singapore to verify themselves.
Join Bloomberg reporters for a Live Q&A at 8 am ET/9 pm HKT to hear what they saw https://bloom.bg/3CH7IeE
🎙 Every year, billions of dollars of sanctioned Iranian oil finds its way to China, even though on paper, the country hasn’t imported a single drop in more than two years. How?
Find out on the Big Take Asia Podcast https://link.podtrac.com/jxfy2rhy
Acid attack: A prominent Tunisian politician who tried to run for president in last month’s election is being treated for serious burns sustained from an acid attack. Abdellatif Mekki suffered burns in his eyes, neck and face after he was attacked at his home by a neighbor, his Action and Achievement party said. https://bloom.bg/492NeZU
Inflation slows: South African inflation at the slowest pace since the height of the pandemic is spurring bets the central bank will deepen its interest-rate cutting cycle. https://bloom.bg/3V1LDxA
Next G-20 hosts: Don't show weakness, never grovel, ask the hard questions. South Africa will host the first G-20 summit next year after Donald Trump returns to the White House — and veteran diplomats have some advice for Cyril Ramphosa. A shared interest in golf may help too. https://bloom.bg/4fAUtdI
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Exclusive Bloomberg analysis of nearly five years of satellite images shows how a growing group of dark fleet vessels is moving billions of dollars of US sanctioned Iranian oil to China - even though the country, officially, hasn’t imported a drop in more than two years.
The aging tankers, often operating without insurance, linger on the edge of one of the world's busiest maritime thoroughfares, risking an environmental catastrophe. Read how Bloomberg tracked two ships from China and Iran to this clandestine meeting point: https://bloom.bg/4i8dJRM
A cache of documents provided by JPMorgan was what led British regulators to begin an investigation into the links between Jeffrey Epstein and former Barclays CEO Jes Staley, a court was told. More here: https://bloom.bg/4949x19
📷: Stephanie Keith/Bloomberg
Presidential term: Voters in Gabon agreed to extend the country's presidential terms to seven years from five in a vote for a new constitution that’s seen as an important step toward a return to civilian rule. https://bloom.bg/3CydxLe
Tax Dispute: Resolute Mining will pay the Mali government about $160 million as it seeks to resolve a tax dispute that’s seen its chief executive officer detained. https://bloom.bg/3ZflaOv
Markets rally: Citigroup expects South African equities to overcome recent weakness and outperform emerging market peers, as the new government’s pro-reform agenda tempers headwinds linked to the US election outcome. https://bloom.bg/3ZbSfMo
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
Students from India surged 23% to overtake China for the first time since 2009 as international enrollment bounces back from a pandemic slump. https://bloom.bg/3UYA0HD
📷: Christopher Furlong/Getty Images
Singapore Airlines is forging new partnerships and alliances across Asia, expanding the reach of the region's top-ranked airline. Find out what it means for passengers in this week's Singapore Edition newsletter: https://bloom.bg/3CsJft7
📷: Roslan Rahman/AFP/Getty Images
A penthouse on the 60th floor with celebrity broker Ravi Kewalramani attached and a $14 million price tag faces an unexpected challenge to getting sold: a picky owner carefully screening interested buyers. More here: https://bloom.bg/3Z6nAzO
📷: Dhiraj Singh/Bloomberg
Diamond talks: Botswana’s new president picked Bogolo Kenewendo to be mines minister as his administration moves to cement a deal with De Beers to secure more benefit from its diamond riches. https://bloom.bg/3CmODhq
Canal+ deal: MultiChoice CEO Calvo Mawela is preparing to take on US streaming giants as the African TV company works to get its $3 billion deal with Vivendi SE’s Canal+ over the line with regulators. https://bloom.bg/3Obrmln
Tug of war: South Africa’s rand is caught between optimists who expect economic reforms will pay off, and pessimists selling it as Donald Trump’s policy proposals drive the dollar higher. https://bloom.bg/3APvQeb
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“They threw all the flowers away."
China is silencing car attack mourners, a move that could backfire on its Communist Party. Read more here: https://bloom.bg/3AP3f8P
📷: Hector Retamal/AFP/Getty Images
🎙 Donald Trump is back.
Listen to the Big Take Asia Podcast to find out how countries across Asia are bracing for everything from higher tariffs to potential geopolitical flare-ups https://link.podtrac.com/jxfy2rhy
