Cathay Pacific is introducing an art gallery to its refreshed business class cabin, part of a $12.9 billion multi-year outlay on new planes and upgraded lounges. Take a closer look: https://bloom.bg/4dKbGzO
πΈ: Paul Yeung/Bloomberg
πΈ: Paul Yeung/Bloomberg
π₯33π12β€9π€6π3
Wealth surge: Aliko Dangote's wealth jumps $15 billion with his long-awaited "monster" Nigerian oil refinery up and running. But he says he wouldnβt wish the experience on his worst enemy. https://bloom.bg/3YqFsFl
Spycraft diplomacy: The US offered to share secret intelligence with the Democratic Republic of Congo and Rwanda to try secure a cease-fire in one of the worldβs longest-running conflicts. https://bloom.bg/3zYs3el
Tanker explosion: Nigerian police said the death toll from an explosion involving a gasoline tanker in the countryβs north has now increased to 153. https://bloom.bg/402DBb3
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
Spycraft diplomacy: The US offered to share secret intelligence with the Democratic Republic of Congo and Rwanda to try secure a cease-fire in one of the worldβs longest-running conflicts. https://bloom.bg/3zYs3el
Tanker explosion: Nigerian police said the death toll from an explosion involving a gasoline tanker in the countryβs north has now increased to 153. https://bloom.bg/402DBb3
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
π±11π9β€4π€3π’3
China's GDP grows 4.6% in the third quarter, slightly above expectations, but slowing growth highlights need for more stimulus. Follow our live blog for the latest updates and analysis: https://bloom.bg/3Y9Uyxx
π·: APTN
π·: APTN
π33π€8β€6π6π5π€―3π±2π₯1
Gold topped $2,700 an ounce for the first time, as concerns over escalating conflicts in the Middle East and a tight US election race prompt investors to flock to safety. Read more: https://bloom.bg/4hoH9L9
π·: Chalinee Thirasupa/Bloomberg
π·: Chalinee Thirasupa/Bloomberg
π42π±13π₯10β€4π―3π€2π1
π¨ Indian markets have never been hotter amid a record infrastructure push in the world's fastest-growing major economy. Ambitions to grow rapidly put a spotlight on how to finance the boom.
Follow our blog for the latest from #BloombergIndiaCreditForum β¬οΈ https://bloom.bg/48eopJT
Follow our blog for the latest from #BloombergIndiaCreditForum β¬οΈ https://bloom.bg/48eopJT
Bloomberg.com
Securities Regulator Mulls Easing Rules for Buying Government Bonds: India Credit Forum
India Credit Forum Live: Growth Goals Spotlight Bonds, Loans, Private Credit
π26π10β€4π€4π₯2
Gachagua removal: Kenyaβs High Court suspended a parliamentary resolution to impeach Deputy President Rigathi Gachagua and halted the process of replacing him on Friday, less than an hour after the National Assembly approved President William Rutoβs choice of a successor. https://bloom.bg/3Y9FujI
Capital chaos: Over a million people in South Sudanβs capital of Juba are grappling with a lack of power, running water, salaries and medicine as the nationβs key source of cash dries up. https://bloom.bg/3UdDhCH
Water crisis: South Africaβs biggest companies are exploring widening a partnership with the government to help resolve a water crisis thatβs threatening to leave the nationβs commercial hub dry. https://bloom.bg/3Yeg6Jq
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
Capital chaos: Over a million people in South Sudanβs capital of Juba are grappling with a lack of power, running water, salaries and medicine as the nationβs key source of cash dries up. https://bloom.bg/3UdDhCH
Water crisis: South Africaβs biggest companies are exploring widening a partnership with the government to help resolve a water crisis thatβs threatening to leave the nationβs commercial hub dry. https://bloom.bg/3Yeg6Jq
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
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Singapore has seen a recent influx of Chinese restaurants and drinks chains, triggering fierce competition in the local food scene. Read more in this week's free Singapore Edition newsletter: https://bloom.bg/4eOTVR4
π·: Bryan van der Beek/Bloomberg
π·: Bryan van der Beek/Bloomberg
π47π€22β€10π’10π8π5π₯1π±1
Hyundai is making its trading debut in India after a $3.3 billion IPO β the country's largest listing ever.
Follow our live blog for the latest news and analysis: https://bloom.bg/3NxicPI
π·: Anindito Mukherjee/Bloomberg
Follow our live blog for the latest news and analysis: https://bloom.bg/3NxicPI
π·: Anindito Mukherjee/Bloomberg
π31β€7π€4π1π±1
HSBC announced the appointment of Pam Kaur as chief financial officer, making her the first female finance director in its 159-year history.
This was part of a broad restructuring across different business lines and geographies as the newly appointed CEO Georges Elhedery embarks on ambitious cost cuts. Read more on their biggest overhaul: https://bloom.bg/3YxNpso
π·: HSBC Holdings Plc
This was part of a broad restructuring across different business lines and geographies as the newly appointed CEO Georges Elhedery embarks on ambitious cost cuts. Read more on their biggest overhaul: https://bloom.bg/3YxNpso
π·: HSBC Holdings Plc
β€39π20π€―7π4π€4π3π’1π€©1
Billionaire businessman Adar Poonawallaβs Serene Productions will invest 10 billion rupees ($119 million) in Indian producer Karan Joharβs Dharma Productions and Dharmatic Entertainment, the maker of blockbuster Bollywood movies.
Joharβs studio has produced hits like βKuch Kuch Hota Haiβ and βKabhi Khushi Kabhi Ghamβ which starred superstars like Shahrukh Khan and Amitabh Bachchan. Read more here: https://bloom.bg/40dHs57
π·: Dhiraj Singh/Bloomberg
π·: Tommaso Boddi/Getty Images for Gold House
Joharβs studio has produced hits like βKuch Kuch Hota Haiβ and βKabhi Khushi Kabhi Ghamβ which starred superstars like Shahrukh Khan and Amitabh Bachchan. Read more here: https://bloom.bg/40dHs57
π·: Dhiraj Singh/Bloomberg
π·: Tommaso Boddi/Getty Images for Gold House
π€20π12β€10π1
Flash point: Time is running out to bring Mozambique back from the brink as a funeral for slain opposition officials and the release of election results coincide. https://bloom.bg/4eTzmmz
Newer mpox strain: Girls and young women may be more vulnerable to an infectious version of the virus that causes mpox that's spread from Democratic Republic of Congo to neighboring countries, a study showed. https://bloom.bg/3YyOAb9
Office relocation: Taiwan says it will not move its representative office from Pretoria, South Africaβs administrative capital, after accusing Beijing of pressuring the African nation to ask for a relocation. https://bloom.bg/3NA848T
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Newer mpox strain: Girls and young women may be more vulnerable to an infectious version of the virus that causes mpox that's spread from Democratic Republic of Congo to neighboring countries, a study showed. https://bloom.bg/3YyOAb9
Office relocation: Taiwan says it will not move its representative office from Pretoria, South Africaβs administrative capital, after accusing Beijing of pressuring the African nation to ask for a relocation. https://bloom.bg/3NA848T
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
π15β€7π€4π±2π’1
π How a small battery company became a global EV giant, challenging the likes of Elon Muskβs Tesla β and where BYD plans to go from here β on the Big Take Asia podcast. https://link.podtrac.com/jxfy2rhy
π25β€8π€3π€―2
Rivian has won fans for its $100,000 EVs, but interviews with factory workers and a review of US Occupational Safety and Health Administration citations show serious safety issues at its only US plant https://bloom.bg/4dSPvaR
π·: Lee Klafczynski /Bloomberg
π·: Lee Klafczynski /Bloomberg
π19π€18π’7β€4
Flooding in Africa: Floods that killed over 1,000 people this year across Africaβs Sahel region will become more frequent due to climate change, scientists say. https://bloom.bg/3AlXSOd
Interest rates: Ethiopia will keep interest rates high for the rest of the year to combat transitory inflation caused by an overhaul of its foreign exchange policy, says central bank Governor Mamo E. Mihretu. https://bloom.bg/3YiVBLL
Jail release: The Nigerian government dropped charges against a Binance executive who'd been detained since February. https://bloom.bg/3YhKAKD
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Interest rates: Ethiopia will keep interest rates high for the rest of the year to combat transitory inflation caused by an overhaul of its foreign exchange policy, says central bank Governor Mamo E. Mihretu. https://bloom.bg/3YiVBLL
Jail release: The Nigerian government dropped charges against a Binance executive who'd been detained since February. https://bloom.bg/3YhKAKD
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
π20π€7β€5π’3
BREAKING: Boeing workers reject a new labor contract, extending a strike that's crippled production for nearly six weeks. Read more here: https://bloom.bg/4eUIMOU
π·: David Ryder/Bloomberg
π·: David Ryder/Bloomberg
π39π±7π5π€4β€3π3π€―1
After a 2020 border clash killed at least 20 Indian soldiers, Narendra Modi took a range of steps to block investment from China, even going further than the US in some areas. Now thereβs a recognition in New Delhi that he may have gone too far: https://bloom.bg/4e1TaDh
π·: Ministry of Information and Broadcasting, Government of India/AP Photos
π·: Ministry of Information and Broadcasting, Government of India/AP Photos
π35β€7π’7π€5π2π2π±1
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 β and where itβs 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 β and where itβs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
π27β€7π€6π±1
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
π·: Tolga Akmen/EPA
π·: Tolga Akmen/EPA
π42π€14β€12π6π5π€―3
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
π·: Nicky Loh/Bloomberg
π·: Nicky Loh/Bloomberg
β€81π23π€15π€―12π±5π’3
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
π·: Chris Ratcliffe/Bloomberg
π·: Chris Ratcliffe/Bloomberg
π±41π20π€13π₯7π’6β€4π€―4π1
Chef Paik Jong-won, a judge on Netflix's hit show Culinary Class Wars, is now $215 million richer after listing his restaurant chain β and helping boost Korea's struggling IPO market. Read more: https://bloom.bg/4eTQxof
π·: Netflix
π·: Netflix
π€―43π14β€5π5π€3π€©3