First cut: South Africa’s central bank cut interest rates by 25 basis points, lowering them from a 15-year high and marking the first easing since the pandemic. https://bloom.bg/3BjDg9n

Vote nears: One of Tunisian President Kais Saied’s two opponents in October elections was sentenced to 20 months in prison, a move his campaign said was a bid to sideline challengers in a vote already marred by the mass arrest of critics. https://bloom.bg/4e7Dn6t

Cocoa price: Ivory Coast, the world’s top cocoa producer, is considering raising farmgate prices for the coming harvest above rival Ghana, although growers in both countries would still be fetching well less than the global market. https://bloom.bg/3MQ1OJO

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

Food crisis: The worst floods in decades across a swath of West and Central Africa are deepening a record food-insecurity crisis in a region where the United Nations says 55 million people are already going hungry. https://bloom.bg/3Bdn5dZ

Trash-eating flies: As flooding worsens and garbage blocks drains and waterways in Nairobi, residents are breeding millions of flies to consume that waste and help keep streets and homes dry. https://bloom.bg/3XOiVlz

Powering Africa: A plan to bring electricity to 300 million Africans by 2030, backed by an initial pledge of $30 billion from the World Bank and the African Development Bank, has begun to be implemented. https://bloom.bg/4esKZAq

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

Apollo has offered to make a multibillion-dollar investment in Intel, according to people familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy. Read more: https://bloom.bg/4eQGdgv

📷: David Paul Morris/Bloomberg

Citigroup’s expansion plan in China has hit a roadblock with US regulators after the Federal Reserve imposed a penalty on the bank for its data management and risk controls, according to people familiar with the matter. Read more: https://bloom.bg/3XsTS60

📷: Daniel Acker/Bloomberg

Market optimism: South Africa’s new business-friendly government has triggered a wave of investment announcements and positive sentiment not seen in years. https://bloom.bg/4ezzdo0

Opposition detained: Tanzania police arrested leaders of the main opposition party after they asked supporters to join banned street protests. https://bloom.bg/3XCkkKx

Vote delay: A group of lawyers in South Sudan are challenging the government’s decision to postpone elections for two years that were due in December, a move they say is unconstitutional. https://bloom.bg/3TDtyoI

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

China’s central bank unleashed a blitz of policy support for the economy, as policymakers make their broadest push so far to hit this year’s annual growth target of about 5%. More here: https://bloom.bg/3BqLxZd

From Siberia to Brazil, wildfires are moving below ground — under ice, rainforests and peatlands — where they smolder and emit massive amounts of pollution. They're also triggering dangerous feedback loops. Read The Big Take here: https://bloom.bg/4ezbK6b

📷: Government of Alberta

Hong Kong is planning to lower the amount of tax it levies on spirits, according to people familiar with the matter, as the Asian financial center seeks to regain its edge as a premier destination for nightlife, dining and shopping. Read more here: https://bloom.bg/3NiTzq5

📷: Lam Yik/Bloomberg

China said it launched an ICBM with “a dummy warhead” into the Pacific Ocean, a rare move that could raise tensions in East Asia. More here: https://bloom.bg/3XBcSPT

📷: Pool/Getty Images AsiaPac

China’s economy just got a massive adrenaline shot but economists say turning the slump around will require much, much more. Read more here: https://bloom.bg/3Xy09xs

📷: Xie Huanchi/Xinhua/Getty Images

🎙 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

Office in Dubai: Nigerian billionaire Aliko Dangote is setting up a family office in Dubai, joining other high-net worth individuals flocking to the Middle East’s financial hub. https://bloom.bg/3MXA1XW

Currency shock: Zimbabwe’s latest attempt at a new currency is cracking — and central bank Governor John Mushayavanhu is being left to deal with the fallout. https://bloom.bg/3ZCuNbK

Middle Eastern funding: Kenya is in talks for a $1.5 billion loan from Abu Dhabi, the latest in a series of bailouts it's extended to African countries in recent years. https://bloom.bg/3XSOQRP

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

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

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

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

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

🎙 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

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

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

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

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