Peace talks: Daniel Chapo, the ruling-party candidate in next week's Mozambique presidential election, says in an interview he favors talks to end a deadly Islamic State-backed insurgency that's delayed massive natural-gas investments. https://bloom.bg/3Y6EIFb
State graft probe: Kenya has asked the International Monetary Fund for an in-depth assessment of how corruption and mismanagement of state resources drain its public finances. https://bloom.bg/3ZMrnDl
Sports rights: SA Rugby, which oversees the reigning world champion Springboks team, said its member unions will on Oct. 17 vote on the sale of a 20% stake in a newly created commercial rights company to Ackerley Sports. https://bloom.bg/4gPfv9D
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Historic pact: Britain struck a deal to cede sovereignty over the Chagos Islands in the Indian Ocean to Mauritius, while keeping control of a strategically important UK-US military base for another century. https://bloom.bg/47TY3N7
Virus outbreak: Rwanda’s first recorded infections of the Marburg virus, an Ebola-like hemorrhagic fever, is another sign that outbreaks of dangerous animal-borne diseases will become more frequent in an increasingly connected world. https://bloom.bg/3XPoFu4
Fraud sentence: Steinhoff’s former Chief Financial Officer Ben la Grange was sentenced to 10 years in prison on charges of fraud related to the manipulation of the group’s financial statements. https://bloom.bg/4dwjODS
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Singapore's ex-transport minister S. Iswaran sentenced to 12 months in jail after pleading guilty to bribery and obstruction of justice. More here: https://bloom.bg/3NdAtS5
📷: Hester Tan/Bloomberg
🎙 Democratic VP candidate Tim Walz lived in China as a young man and experienced more of the country than most.
Today on the Big Take Asia Podcast, his ties with China and how they could influence foreign policy. https://link.podtrac.com/jxfy2rhy
The Israeli military on Tuesday said that Iran had fired more than 100 missiles directly at the country, a severe escalation in the battle between the Middle Eastern rivals fought mainly so far through proxies.
The launch comes after Israeli forces moved into southern Lebanon as part of a campaign against Tehran-backed Hezbollah. The US earlier in the day warned of an imminent attack by Iran. Read the latest updates here: https://bloom.bg/47Roine
📷: Menahem Kahana/AFP/Getty Images
LIVE: Israel has begun "targeted ground raids" in Lebanon in a significant escalation in its battle against Hezbollah.
Follow our free-to-read blog for the latest news, updates and analysis https://bloom.bg/3zGu4eS
📷: Itani/AFP/Getty Images
In a nation where the norm has been for people to park their assets in cash and deposits that offer almost no interest, Shigeru Fujimoto has accumulated about ¥2 billion ($14 million) of wealth.
Read more on how the 88-year-old former pet-shop owner built his fortune: https://bloom.bg/3TQrcTz
📷: Yasutaka Tamura/Bloomberg
I was one of the hundreds of unlucky commuters caught up in this week’s Singapore MRT chaos. Here's what it was like.
That and more in this week's free Singapore Edition: https://bloom.bg/3Y0WSIq
📷: Paul Miller/Bloomberg
Militants are gaining strength in Bangladesh after a tumultuous change in government, raising concerns that Islamist extremists are on the verge of gaining a foothold in a volatile part of the world. Read more: https://bloom.bg/3zr1ka6
📷: K M Asad/AFP/Getty Images
Bernard Arnault’s fortune jumped by $17 billion in a single day, taking his net worth to $201 billion, according to the Bloomberg Billionaires Index.
The surge comes after China’s top leaders gave the green light to supercharge stimulus in the world’s second-largest economy. Read more here: https://bloom.bg/47JNsnZ
📷: Girette/Bloomberg
🎙 Our brand new Bloomberg Australia podcast is here. Follow along as we lift the lid on the stories shaping the country's place in global business.
This week Rebecca Jones asks Rich Henderson asks why investors can expect a boost from the Fed’s rate cut.
Listen here: https://bloom.bg/3ZE5WEl
Qantas Airways’s ghost-flight scandal misled almost one million customers booked on tens of thousands of non-existent services, according to court documents that reveal the scale of the misconduct and the airline’s awareness of the problem. More here: https://bloom.bg/4dkoVam
📷: Brendon Thorne/Bloomberg
OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said.
It would be the first time Altman is granted ownership in the artificial intelligence startup. Read more here: https://bloom.bg/3BgooZr
📷: David Paul Morris/Bloomberg
China created a new class of white-collar workers in record time. Now, just as swiftly, many of their dreams are being crushed by Xi Jinping's decision to reshape the world's second-largest economy.
Read more: https://bloom.bg/4gskAEL
Listen to the Big Take Asia podcast: https://link.podtrac.com/jxfy2rhy
📷: Qilai Shen/Bloomberg
Fighting mpox: Bavarian Nordic's smallpox vaccine is moderately effective in preventing mpox infection after a single dose, according to a study in Ontario, Canada, where the shot probably helped curb a 2022 outbreak. https://bloom.bg/4ehPa1S
Art heists: Armed groups are reportedly looting priceless museum artifacts at "an unprecedented level" in Sudan, as a brutal civil war rages on. Fighters are taking away boxes of ancient statues and vases, with claims that they're being posted for sale online. https://bloom.bg/3Zt5kRI
Food access: Zimbabwe is considering culling elephants for the first time since 1988 and using the meat to feed people who have been affected by a crippling drought, a top minister says. https://bloom.bg/3MFYWiq
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
As Australia grapples with a once-in-a-generation housing crisis, baby boomers looking to downsize from their large family homes are increasingly asking the same question: Where are all the three-bedroom apartments? Read more: https://bloom.bg/3zIKofk
📷: Brent Lewin/Bloomberg
🎙 Where are all the 3-bedroom apartments?
This week Rebecca Jones and Swati Pandey discuss why Sydney faces a surprising shortage.
Follow our new Bloomberg Australia Podcast as we lift the lid on the stories shaping the country's place in global business https://bloom.bg/3ZE5WEl
Green shoots: Sentiment about South Africa has improved since the formation of a coalition government but the nation needs to be cautious about complacency, according to CEOs at two of the nation’s biggest financial-services companies. https://bloom.bg/4eP8DYe
Rainy day fund: Zambia will set up a sovereign wealth fund next year to shield the country from financial shocks and support key sectors including health and education. https://bloom.bg/47S3Djh
Longer terms bid: Kenyan lawmakers proposed revising the nation’s constitution to lengthen presidential and parliamentary terms, joining a growing trend in East Africa where similar amendments have enabled other leaders to extend their rule. https://bloom.bg/3zQfjpR
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
Samsung is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce global headcount by thousands of jobs. Read more here: https://bloom.bg/4gJMTyt
📷: Jean Chung/Bloomberg
Infrastructure fund: South Africa’s infrastructure development agency has restructured its pipeline of planned projects to make them more attractive to the private sector, as state officials court investors in the UK. https://bloom.bg/3BCk6M7
Walking a tightrope: Kenya’s National Assembly will receive an impeachment motion against Deputy President Rigathi Gachagua, a process that could potentially destabilize an economy that's barely recovered from months of anti-government protests. https://bloom.bg/47NgzH4
Back to Africa: Benin, from where more than a million people were shipped to the Americas at the height of the slave trade, has approved a law that makes their descendants eligible for citizenship in the small West African nation. https://bloom.bg/3TOQ0vj
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
War in Sudan: The UAE's foreign ministry says a Sudanese military aircraft launched a "cowardly" attack on the residence of its ambassador to Sudan. https://bloom.bg/3ByXTyw
Loan approved: The World Bank approves $1.57 billion in new lending to Nigeria, aimed at easing the "complex difficulties" facing women and girls. https://bloom.bg/3ZN0MWC
Growth acceleration: South Africa's deputy president expects the economy to grow faster than expected, and the country's 10-year bond yield hits a two year low. https://bloom.bg/47PpebK
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
Binance founder Changpeng Zhao pledged to keep investing in the blockchain sector as well as artificial intelligence and biotechnology, in the crypto mogul’s first public comments since his release from US custody.
Zhao was released from a correctional facility in California on Sept. 27. Read more here: https://bloom.bg/4gI02bn
📷: David Ryder/Bloomberg
Chocolate crisis: After huge bean shortages and turmoil across the market this year, the cocoa harvest this season is looking promising. But it may not be enough to bring chocolate prices down. https://bloom.bg/47QrC2g
Telecoms deals: Kenya’s biggest phone company Safaricom is in talks with Elon Musk’s Starlink and other satellite providers on potential future partnerships. https://bloom.bg/3BuNiog
Currency devaluation: Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG. https://bloom.bg/3ZAvP86
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
Japan’s ruling party picked Shigeru Ishiba as its next leader, positioning an advocate of an “Asian NATO” to become prime minister in a move that risks further increasing tensions with China. More here: https://bloom.bg/3N3HrJg
📷: Toru Hanai/Bloomberg
Rights compromise: The World Bank and Uganda are working to end a lending freeze after the East African nation passed repressive anti-LGBTQ legislation. https://bloom.bg/47J6ZVJ
Currency slump: Nigeria's Naira fell to a fresh low against the dollar, shrugging off on a surprise interest-rate increase. https://bloom.bg/3TIU3JC
Mpox detections: Suspected cases of mpox have been recorded in at least 15 African countries, according to Africa's CDC. https://bloom.bg/4eF8eYc
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
Since Anwar Ibrahim became Malaysia’s PM, the country's anti-corruption drive has targeted his enemies. He denies involvement in the investigations - but critics say he's using an independent agency to punish adversaries. More here: https://bloom.bg/3ZE8P7Z
📷: Pool/Getty Images AsiaPac
New York City Mayor Eric Adams has been indicted following a federal corruption investigation, according to a person familiar with the matter, a stunning development that calls into question the political future of the man in charge of running the biggest US city. Read more here: https://bloom.bg/3zp13o6
📷: Mark Sagliocco/Getty Images for Gabrielle's Angel Foundation
🎙 Donald Trump says the US dollar is under attack. Is that true?
On today’s Big Take Asia podcast, host K. Oanh Ha and Saleha Mohsin break down what Trump means — and the possible consequences for China’s yuan https://link.podtrac.com/jxfy2rhy
📷: Paul Yeung/Bloomberg
Huge diamond: Lucara has recovered another mammoth diamond from a mine in Botswana, the second major find for the Canadian company in a month. Read more: https://bloom.bg/3XIOE7H
Climate impact: Severe floods in Nigeria have affected more than 610,000 people, leaving at least 201 dead with more heavy rains expected in the region this week. Read more: https://bloom.bg/3B2ym0G
Visa dilemma: South Africa’s plan to attract more professionals to its skills-starved economy through a so-called nomad visa for remote workers has been slowed by the need to amend tax regulations. Read more: https://bloom.bg/4gkD6ip
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
Protests disrupt: Flights were canceled, leaving hundreds of passengers stranded as Kenyan aviation workers strike against plans for Gautam Adani's takeover of airport operations at the nation's biggest airport in the capital Nairobi. https://bloom.bg/3XAyv45
Looting beans: Farmers in Uganda are taking desperate steps against thieves that loot coffee beans straight from trees — including night patrols and bees. https://bloom.bg/3zg1mRW
The debate: Former US President Donald Trump allowed himself to be distracted from his efforts to define Kamala Harris, while the vice president hammered her core argument during their debate that Trump was unfit for the job. https://bloom.bg/3ZiWQg4
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
