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 peopleโs 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
๐ท: Getty
Elon Musk alone added $26.5 billion to his pot. See the full list here: https://bloom.bg/4flCHLK
๐ท: Getty
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Tensions rise: Mozambican police clashed with demonstrators who converged on the capital on Thursday to protest the countryโs disputed elections. https://bloom.bg/4fCYONm
IMF deal: Ghanaโs main opposition leader said he would renegotiate the $3 billion IMF program to reduce taxes and smooth loan repayments if he wins next monthโs election. https://bloom.bg/3YWqx6b
ZiG free-float: Zimbabwe wants its gold-backed currency to float freely on the foreign exchange market, the central bankโs deputy governor said, though he declined to spell out when this would happen. https://bloom.bg/4eeB0y8
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now โ and where itโs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
IMF deal: Ghanaโs main opposition leader said he would renegotiate the $3 billion IMF program to reduce taxes and smooth loan repayments if he wins next monthโs election. https://bloom.bg/3YWqx6b
ZiG free-float: Zimbabwe wants its gold-backed currency to float freely on the foreign exchange market, the central bankโs deputy governor said, though he declined to spell out when this would happen. https://bloom.bg/4eeB0y8
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now โ and where itโs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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China has announced a $839 billion program to refinance local government debt, as Beijing rolls out more measures to support a slowing economy facing new risks from the reelection of Donald Trump. Read more: https://bloom.bg/4feIN0n
๐ท: Bloomberg
๐ท: Bloomberg
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Tax reforms: Nigeria sees proposed changes in its tax laws helping to boost revenues, as the West African nation seeks to control its widening deficit and borrowing costs. https://bloom.bg/3Ctf7xK
Election unrest: Relative calm returned to Mozambiqueโs capital on Friday after police used deadly violence to break up a wave of post-election protests that shook Maputo the day before. https://bloom.bg/40G4K3M
Trump money: No billionaire did more to help Donald Trump win the US presidential election than Elon Musk. The South African-born Tesla and SpaceX boss will now find out whether it pays off or he ends up getting burned.โฃ https://bloom.bg/4hGetx5
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now โ and where itโs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Election unrest: Relative calm returned to Mozambiqueโs capital on Friday after police used deadly violence to break up a wave of post-election protests that shook Maputo the day before. https://bloom.bg/40G4K3M
Trump money: No billionaire did more to help Donald Trump win the US presidential election than Elon Musk. The South African-born Tesla and SpaceX boss will now find out whether it pays off or he ends up getting burned.โฃ https://bloom.bg/4hGetx5
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now โ and where itโs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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Trump's US election victory was music to the ears of some attendees at Singapore's FinTech Festival. But others feared the economic cost of his win. Read more in this week's free Singapore Edition newsletter: https://bloom.bg/40BYpGv
๐ท: Aparna Nori/Bloomberg
๐ท: Aparna Nori/Bloomberg
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With an army of gig workers, a fleet of mini-warehouses and big-name investors, here's how Indian startup Swiggy beat Amazon to lightning-fast grocery deliveries in the worldโs fastest-growing major economy: https://bloom.bg/40Bzhji
๐ท: Abeer Khan/Bloomberg
๐ท: Abeer Khan/Bloomberg
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Lululemon is booming in China. So, how did it crack the market where other international retail giants are fading?
Its playbook offers a glimpse. Read here: https://bloom.bg/3AAUsr4
๐ท: Qilai Shen/Bloomberg
Its playbook offers a glimpse. Read here: https://bloom.bg/3AAUsr4
๐ท: Qilai Shen/Bloomberg
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JUST IN: Japan's parliament officially votes to keep Shigeru Ishiba as prime minister, setting him up for a potential meeting with President-elect Donald Trump https://bloom.bg/48GbCAl
Bloomberg.com
Japanโs Ishiba Wins Runoff Vote to Stay as PM Ahead of Likely Trump Meeting
Japanโs Prime Minister Shigeru Ishiba received some rare good news as parliament backed him to stay in the job ahead of an expected high-stakes meeting with US President-elect Donald Trump.
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New government: Mauritian Prime Minister Pravind Kumar Jugnauth conceded defeat in Sundayโs elections after early results showed his five-party Alliance Lepep coalition trailing its main rival. https://bloom.bg/3UNfxp0
Biggest listing: Pick n Pay is seeking to raise 8 billion rand ($449 million) through an initial public offering in discount retailer Boxer in what is set to be Africaโs biggest listing this year. https://bloom.bg/4fEgU1q
Green transition: Senegal will recommit to a $2.7 billion program to reduce its reliance on fossil fuels in coming weeks. https://bloom.bg/3NZqWyq
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now โ and where itโs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Biggest listing: Pick n Pay is seeking to raise 8 billion rand ($449 million) through an initial public offering in discount retailer Boxer in what is set to be Africaโs biggest listing this year. https://bloom.bg/4fEgU1q
Green transition: Senegal will recommit to a $2.7 billion program to reduce its reliance on fossil fuels in coming weeks. https://bloom.bg/3NZqWyq
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now โ and where itโs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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Hong Kong is recovering after a bruising talent drain, with licensed finance jobs hitting a record as banks and asset managers bet on the cityโs push to become the worldโs biggest wealth management hub. Read more here: https://bloom.bg/3YL8GxD
๐ท: Paul Yeung/Bloomberg
๐ท: Paul Yeung/Bloomberg
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China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter. More here: https://bloom.bg/4fpjDfq
๐ท: Qilai Shen/Bloomberg
๐ท: Qilai Shen/Bloomberg
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Donald Trump is expected to name Marco Rubio as secretary of state, a person familiar with the matter said, granting a top job in his second administration to a one-time rival who later became one of his most ardent supporters in the Senate. Read more: https://bloom.bg/3ADpqPh
๐ท: Christian Monterrosa/Bloomberg
๐ท: Christian Monterrosa/Bloomberg
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President-elect Donald Trump has started to choose the people who he wants to implement his โAmerica firstโ policies on the border, trade, economy and more.
From Susie Wiles to Marco Rubio, take a look at some of the people Trump is picking or set to pick: https://bloom.bg/411hr9N
๐ท: Bloomberg
From Susie Wiles to Marco Rubio, take a look at some of the people Trump is picking or set to pick: https://bloom.bg/411hr9N
๐ท: Bloomberg
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More jobs: South Africaโs unemployment rate fell for the first time in a year as business confidence improved and economic growth showed signs of recovery. https://bloom.bg/3Cj0fC4
Parliamentary majority: Ghanaโs Supreme Court reinstated the governing partyโs majority in parliament, overruling a decision by the Speaker to declare four seats vacant. https://bloom.bg/3CyeXFj
Cost of debt: The premium on African sovereign debt over US Treasuries has dropped to a five-year low, signaling investor confidence in certain high-yield bonds even as concerns linger about how Donald Trumpโs second presidency will impact the continent. https://bloom.bg/3CpAGQ1
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now โ and where itโs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Parliamentary majority: Ghanaโs Supreme Court reinstated the governing partyโs majority in parliament, overruling a decision by the Speaker to declare four seats vacant. https://bloom.bg/3CyeXFj
Cost of debt: The premium on African sovereign debt over US Treasuries has dropped to a five-year low, signaling investor confidence in certain high-yield bonds even as concerns linger about how Donald Trumpโs second presidency will impact the continent. https://bloom.bg/3CpAGQ1
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now โ and where itโs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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Billionaire Elon Musk and entrepreneur Vivek Ramaswamy will lead a new Department of Government Efficiency tasked to โdismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,โ President-elect Donald Trump announced. Read more here: https://bloom.bg/3AtYVMl
๐ท: Bloomberg
๐ท: Bloomberg
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BREAKING: Nvidia picks SoftBank as its first customer to build an AI supercomputer with new Blackwell chips. More here: https://bloom.bg/4emFYcc
๐ท: Akio Kon/Bloomberg
๐ท: Akio Kon/Bloomberg
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๐จ LIVE BLOG: Shares of Indian food and grocery delivery company Swiggy will shortly start trading for the first time after a $1.3 billion IPO.
Follow along for the latest updates and analysis โฌ๏ธ https://bloom.bg/3CCcx8E
Follow along for the latest updates and analysis โฌ๏ธ https://bloom.bg/3CCcx8E
Bloomberg.com
SoftBank-Backed Swiggyโs Shares Bounce Back, Defying Weak Market
Swiggy Latest Updates: Shares Bounce Back Even as Indian Stocks Decline
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๐ 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
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
Podtrac
Big Take Asia
Weโre taking The Big Take to Asia. Each week, Bloombergโs 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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No water: The taps in Zimbabweโs 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 regionโs 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
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now โ and where itโs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
Formal recognition: Somaliland holds a long-delayed election on Wednesday amid hopes a new US administration will back the breakaway regionโs 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
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now โ and where itโs headed at https://bloom.bg/4hd94NP. Next Africa publishes every Tuesday and Friday
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โThey 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
๐ท: Hector Retamal/AFP/Getty Images
China is silencing car attack mourners, a move that could backfire on its Communist Party. Read more here: https://bloom.bg/3AP3f8P
๐ท: Hector Retamal/AFP/Getty Images
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