Trade-tracking data show that an inconspicuous Mumbai-based pharma company, Shreya Life Sciences, is selling top-end Dell servers optimized for AI to Russia, underscoring holes in Western governments' attempts to shut off Moscow's access to tech with potential military applications.
The company is part of a lucrative trade that has the US and its European allies worried at India’s burgeoning role as an intermediary in the sales. Read the Big Take here: https://bloom.bg/4hm3mZY
📷: I-Hwa Cheng/Bloomberg
The company is part of a lucrative trade that has the US and its European allies worried at India’s burgeoning role as an intermediary in the sales. Read the Big Take here: https://bloom.bg/4hm3mZY
📷: I-Hwa Cheng/Bloomberg
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Dollar phase-out: Zimbabwe's ruling party decided at its annual conference to make the gold-backed ZiG the only legal currency in the country, phasing out use of the US dollar. https://bloom.bg/40nfJPI
Renewed protests: Mozambican opposition leader Venâncio Mondlane warned of "very difficult days" ahead, including more protests, as he plots a new phase in his dispute over election results he described as fraudulent. https://bloom.bg/3CbgFMF
Africa's biggest IPO: South Africa’s Pick n Pay plans to list its low-cost Boxer business on the Johannesburg exchange by the end of the year, seeking to raise $452 million in what will be the continent’s biggest offering this year. https://bloom.bg/4fEAmLF
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
Renewed protests: Mozambican opposition leader Venâncio Mondlane warned of "very difficult days" ahead, including more protests, as he plots a new phase in his dispute over election results he described as fraudulent. https://bloom.bg/3CbgFMF
Africa's biggest IPO: South Africa’s Pick n Pay plans to list its low-cost Boxer business on the Johannesburg exchange by the end of the year, seeking to raise $452 million in what will be the continent’s biggest offering this year. https://bloom.bg/4fEAmLF
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
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No deal: South Africa’s antitrust tribunal prohibited Vodacom’s 13.2 billion-rand ($745 million) deal to buy a stake in the fiber business of Remgro, part-owned by billionaire Johann Rupert. https://bloom.bg/48t2FtN
Election tensions: Mozambican law-enforcement officials opened a criminal case against opposition leader Venâncio Mondlane after his supporters torched a police station in the wake of violent protests over claims of fraud in the Oct. 9 elections. https://bloom.bg/4fqLMCB
Budget preview: South Africa’s first budget update under a new coalition government on Wednesday will be closely watched for its resolve to control debt and expedite reforms to fire up the lackluster economy. https://bloom.bg/4fG4OFd
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
Election tensions: Mozambican law-enforcement officials opened a criminal case against opposition leader Venâncio Mondlane after his supporters torched a police station in the wake of violent protests over claims of fraud in the Oct. 9 elections. https://bloom.bg/4fqLMCB
Budget preview: South Africa’s first budget update under a new coalition government on Wednesday will be closely watched for its resolve to control debt and expedite reforms to fire up the lackluster economy. https://bloom.bg/4fG4OFd
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
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The world is increasingly driving Chinese EVs, scrolling the web on Chinese smartphones and powering their homes with Chinese solar panels, and the US is struggling to stop it.
New research by Bloomberg shows that Made in China 2025 — an industrial policy blueprint unveiled a decade ago — has largely been a success. Read The Big Take here: https://bloom.bg/3CdRoS2
New research by Bloomberg shows that Made in China 2025 — an industrial policy blueprint unveiled a decade ago — has largely been a success. Read The Big Take here: https://bloom.bg/3CdRoS2
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Debt weighs: South Africa’s budget update showed public finances are under increasing pressure, heightening the need for the new coalition government to lure more investment. https://bloom.bg/4e6evvh
Longer rule: Botswana's governing party is poised to extend its almost six-decade rule of the diamond-rich southern African nation against a divided opposition in today's election. https://bloom.bg/4fmmyVM
Fiscal crunch: Angola faces peak loan payments that require the oil-producing nation to use all of its fiscal revenue to pay salaries and to service debt, its finance minister said. https://bloom.bg/3C6OzT1
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
Longer rule: Botswana's governing party is poised to extend its almost six-decade rule of the diamond-rich southern African nation against a divided opposition in today's election. https://bloom.bg/4fmmyVM
Fiscal crunch: Angola faces peak loan payments that require the oil-producing nation to use all of its fiscal revenue to pay salaries and to service debt, its finance minister said. https://bloom.bg/3C6OzT1
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
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🎙 The world is increasingly driving cars and using phones made in China — despite US efforts to keep China’s tech from getting ahead.
What went wrong? Listen to the Big Take Asia podcast https://link.podtrac.com/jxfy2rhy
What went wrong? Listen to the Big Take Asia podcast https://link.podtrac.com/jxfy2rhy
Podtrac
Big Take Asia
We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.
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New deputy: A Kenyan court rejected a bid to block the appointment of President William Ruto’s new deputy. https://bloom.bg/4f4UfeR
Protests simmer: Mozambicans are bracing for more political turmoil following an opposition leader’s call for a week of protests against what he said was a rigged election. https://bloom.bg/3C6hvdP
Coal plans: South Africa has pledged to slash emissions from its fleet of coal-fired power plants to help secure $2.6 billion in climate finance. That’s despite seeking to change the terms of a 2022 agreement by delaying closing three of the facilities. https://bloom.bg/48tqxxr
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
Protests simmer: Mozambicans are bracing for more political turmoil following an opposition leader’s call for a week of protests against what he said was a rigged election. https://bloom.bg/3C6hvdP
Coal plans: South Africa has pledged to slash emissions from its fleet of coal-fired power plants to help secure $2.6 billion in climate finance. That’s despite seeking to change the terms of a 2022 agreement by delaying closing three of the facilities. https://bloom.bg/48tqxxr
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
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Indian American voters in swing states have become key targets for Democratic campaigners who think they could deliver a Kamala Harris victory in a tight election https://bloom.bg/4f66xDL
📷: Simone Foxman/Bloomberg
📷: Simone Foxman/Bloomberg
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Botswana election: An opposition coalition emerged as the shock winner of Botswana’s parliamentary elections, the first time power has changed hands in the diamond-dependent southern African nation since independence almost six decades ago. https://bloom.bg/3NNYvTR
Stashed dollars: Nigeria unveiled an amnesty program to draw out foreign exchange hoarded by individuals outside banks in a bid to support the nation’s currency, which plummeted to a new low on Thursday. https://bloom.bg/4hnlMK9
Broadband costs: Ghana, the West African nation recovering from a debt crisis, is banking on a high-speed broadband network supported by billionaire Mukesh Ambani to cut data costs and spur economic activity. https://bloom.bg/3NTzJSc
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
Stashed dollars: Nigeria unveiled an amnesty program to draw out foreign exchange hoarded by individuals outside banks in a bid to support the nation’s currency, which plummeted to a new low on Thursday. https://bloom.bg/4hnlMK9
Broadband costs: Ghana, the West African nation recovering from a debt crisis, is banking on a high-speed broadband network supported by billionaire Mukesh Ambani to cut data costs and spur economic activity. https://bloom.bg/3NTzJSc
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
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Whatever happens in the US election, smaller nations are preparing to navigate the vote and its aftermath. Find out how the rest of the world is bracing itself in this week's Singapore Edition newsletter: https://trib.al/TUyYJcR
📷: Ed Wray/AP
📷: Ed Wray/AP
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LVMH, Kering and other luxury houses poured billions of dollars into China. Now they're scrambling to adjust to what may be a permanent shift in demand. Here's why: https://bloom.bg/4eagSNv
📷: Na Bian/Bloomberg
📷: Na Bian/Bloomberg
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A largely unnoticed surge of rare but deadly fungi is accelerating around the world, helped by the Covid-19 pandemic and a warming planet that appears to be training them to survive at higher and higher temperatures. Read more here: https://bloom.bg/3CdOs8f
📷: BSIP/Universal Images/Getty Images
📷: BSIP/Universal Images/Getty Images
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As the most turbulent presidential campaign in decades enters its final hours, Americans can be forgiven for wondering: What just happened?
Read more: https://bloom.bg/48AgwPa
📷: Bloomberg
Read more: https://bloom.bg/48AgwPa
📷: Bloomberg
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Fiscal deficit: Goldman Sachs believes South Africa is unlikely to suffer the large revenue shortfall projected by its finance minister and that the nation’s path for fiscal consolidation remains credible. https://bloom.bg/3UxErZR
Fungal outbreaks: A largely unnoticed surge of rare but deadly fungi is spiking around the world, helped by the Covid-19 pandemic and a warming planet that's training them to survive at higher temperatures. https://bloom.bg/3CdOs8f
New regime: Botswana’s new president, Duma Boko, assumed office after his alliance’s shock victory in last week’s elections and announced economist Ndaba Gaolathe as his pick for deputy. https://bloom.bg/4ehXePV
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
Fungal outbreaks: A largely unnoticed surge of rare but deadly fungi is spiking around the world, helped by the Covid-19 pandemic and a warming planet that's training them to survive at higher temperatures. https://bloom.bg/3CdOs8f
New regime: Botswana’s new president, Duma Boko, assumed office after his alliance’s shock victory in last week’s elections and announced economist Ndaba Gaolathe as his pick for deputy. https://bloom.bg/4ehXePV
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
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BREAKING: Boeing workers accept a new labor contract, ending a strike estimated to have cost the company about $100 million a day in lost revenue. https://bloom.bg/3CpfHwr
📷: David Ryder/Getty Images
📷: David Ryder/Getty Images
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A dramatic political rupture between India and Canada has cast a spotlight on a top confidante of Prime Minister Narendra Modi, who has been mentioned as a possible successor to lead the world’s most populous country.
Read more about Amit Shah, the Indian minister accused by Canada of authorizing a wave of alleged crimes: https://bloom.bg/4fplQHy
📷: RAVEENDRAN/AFP
Read more about Amit Shah, the Indian minister accused by Canada of authorizing a wave of alleged crimes: https://bloom.bg/4fplQHy
📷: RAVEENDRAN/AFP
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US election: The outcome of the closely watched US election will have a major impact globally, from Ukraine, the Mideast and Africa to world trade. https://bloom.bg/4eceCFL
Nation on edge: Venâncio Mondlane, the independent Mozambican opposition presidential candidate who fled the country after last month’s disputed elections, plans to return this week to lead supporters in protests in Maputo, the capital. https://bloom.bg/3UCKRGY
Rare advance: Zimbabwe’s gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the dollar for a second day on the back of tighter monetary policy. https://bloom.bg/4fA4qHY
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
Nation on edge: Venâncio Mondlane, the independent Mozambican opposition presidential candidate who fled the country after last month’s disputed elections, plans to return this week to lead supporters in protests in Maputo, the capital. https://bloom.bg/3UCKRGY
Rare advance: Zimbabwe’s gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the dollar for a second day on the back of tighter monetary policy. https://bloom.bg/4fA4qHY
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
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Kamala Harris and Donald Trump are on track for what could be one of the closest US elections in history.
Follow our live blog for the latest news and analysis of the 2024 election: https://bloom.bg/election2024
Follow our live blog for the latest news and analysis of the 2024 election: https://bloom.bg/election2024
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🎙 One million skilled workers – doctors, engineers, accountants and managers, among others – have left Pakistan over the past three years alone.
Find out what’s driving the severe brain drain on the Big Take Asia Podcast ⬇ https://link.podtrac.com/jxfy2rhy
Find out what’s driving the severe brain drain on the Big Take Asia Podcast ⬇ https://link.podtrac.com/jxfy2rhy
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Australia will ban social media for children under the age of 16, in a bid to force tech giants to reckon with their apps' mental health impact https://bloom.bg/48BqG27
Bloomberg.com
Australia to Ban Social Media for Children Under Age 16, PM Says
Children in Australia under the age of 16 will be banned from social media as part of a push to protect young people’s mental health, Prime Minister Anthony Albanese said, with firms involved required to enforce the new regulations or face potential fines.
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Trump just helped the world's top 10 richest people get even more rich. $64 billion richer, according to the Bloomberg Billionaires Index.
Elon Musk alone added $26.5 billion to his pot. See the full list here: https://bloom.bg/4flCHLK
📷: Getty
Elon Musk alone added $26.5 billion to his pot. See the full list here: https://bloom.bg/4flCHLK
📷: Getty
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