🚨 HAPPENING NOW: How billions of dollars of sanctioned Iranian oil is making its way to China.

After analyzing years of satellite data, Bloomberg reporters sailed to waters east of peninsular Malaysia and Singapore to verify themselves.

Join our reporters in the Bloomberg Live Q&A https://bloom.bg/3CH7IeE

Fighting in Africa: About 10% of Africa is caught up in conflict, with fighting having spread and worsened over the past three years, according to Verisk Maplecroft. This map shows the hotspots: https://bloom.bg/4130Cv7

Cryptocurrency startup: An American startup is building a $3 billion crypto market in Africa, riding demand for digital substitutes for the US dollar. https://bloom.bg/4eFFNJ6

Rate cut: South Africa's central bank lowered its key interest rate by a modest 25 basis points, for a successive meeting. While more cuts are likely, Governor Lesetja Kganyago is worried about risks next year. https://bloom.bg/3OjJsBF

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

Gautam Adani, one of the world’s richest people, was in good spirits Wednesday evening. Before heading to bed in the Indian city of Ahmedabad, he relaxed by playing a card game with his wife, according to a person close to him.

But around 3 a.m., a colleague delivered some shocking news: The US had charged Adani and several associates with fraud in a sprawling criminal investigation. Within minutes, senior executives from the Group assembled on conference calls and in the conglomerate’s headquarters. Read The Big Take here: https://bloom.bg/4fXS250

📷: Sumit Dayal/Bloomberg

Gas prices: Long queues of cars are a common sight at fuel stations across Nigeria, but for some drivers switching to compressed natural gas, pumps are becoming a thing of the past. https://bloom.bg/3ZgweMn

ICC arrest warrants: Israel’s Prime Minister Benjamin Netanyahu severely criticized the ICC for issuing arrest warrants against him and a former minister, and said his government won’t be deterred from continuing its war against Hamas in Gaza. https://bloom.bg/3Zk1IRU

Food prices soar: Almost two out of three Nigerian households are going hungry, with families skipping meals as they cannot afford enough food, official statistics suggest. https://bloom.bg/3CEJFNb

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

Singapore's rival casino resorts are betting billions on expansions as their licenses come up for renewal. Find out which one is on a roll in this week's free Singapore Edition newsletter: https://bloom.bg/3Zi1smm

Bitcoin steadied after a rally toward $100,000 fizzled just shy of the historic level, as traders assess whether optimism stemming from President-elect Donald Trump’s support for crypto is becoming stretched. More here: https://bloom.bg/499mgQm

In a bland north Austin neighborhood dominated by anonymous corporate office towers, Amazon engineers are toiling away on one of the tech industry’s most ambitious moonshots: loosening Nvidia’s grip on the $100-billion-plus market for artificial intelligence chips.

Take a first look inside the tech giant’s massive chip-making effort: https://bloom.bg/4i59AOj

📷: Chona Kasinger/Bloomberg

Japan's hottest stock is a 139-year-old company that's up 430% this year. More here: https://bloom.bg/4fKzDsK

Sony is in the early stages of developing a portable console that would play its PlayStation 5 games on the move. The product is aimed at expanding Sony’s reach and competing with Nintendo in the portable gaming market, according to people familiar with its development. Read more: https://bloom.bg/3VaYe1p

📷: Kiyoshi Ota/Bloomberg

🚨 LIVE NOW: US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme. Nearly $30 billion was wiped off the Adani Group’s market value.

Join Bloomberg reporters Menaka Doshi, Sanjai P R, Patricia Hurtado, Chiranjivi Chakraborty for a Live Q&A on the far-reaching impact. Ask your questions here: https://bloom.bg/3Z7b2Y1

Economic growth: Nigeria’s economy grew faster than anticipated in the third quarter, buoyed by its services and oil sectors. https://bloom.bg/3V71uen

Deep pockets: South African property group Attacq has earmarked $1.1 billion to further develop its flagship Waterfall City hub on the outskirts of Johannesburg. https://bloom.bg/4g3LKRq

Corruption unit: South Africa should set up a single agency to fight graft, according to the OECD, which led a review of the nation’s procurement practices. https://bloom.bg/40ZmjMx

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

BREAKING: Donald Trump says the US will impose an additional 10% tariff on Chinese goods on top of all existing levies. More here: https://bloom.bg/3AWmlKu

📷: Brandon Bell/Getty Images

Walmart, the world's biggest retailer, is scrapping some diversity, equity and inclusion initiatives after being targeted by a conservative activist. More here: https://bloom.bg/4g6TbHx

📷: Dustin Chambers/Bloomberg

Qualcomm’s takeover interest in Intel has cooled, upending what would have been one of the largest technology deals of all time, according to people familiar with the matter. https://bloom.bg/4fHdX0l

📷: Ariana Drehsler/Bloomberg

European Union proposes to sanction several Chinese firms that it claims helped Russian companies develop attack drones. More here: https://bloom.bg/493Hxed

Kim Dotcom, the internet entrepreneur facing extradition from New Zealand to the US, said he is recovering from a “serious stroke.” More here: https://bloom.bg/4eLPxld

📷: Brendon O'Hagan/Bloomberg

Bitcoin posted its longest losing streak since Donald Trump’s US election victory, following a failed run at $100,000 and as fervor over his embrace of crypto cools. Read more: https://bloom.bg/413v7kw

📷: Paul Yeung/Bloomberg

Three young men walk on stage in a ballroom in Singapore for a 10-minute pitch, riffing through 12 slides of pure quantitative-trading nerdery: Hierarchical tree. Co-kurtosis. Vector neutral.

The finance esoterica would be lost on most audiences but it’s catnip for this crowd at the International Quant Championship hosted by WorldQuant. Read more on the SharkTank-style showdown to crowdsource excess returns from finance whiz kids: https://bloom.bg/3CGsuem

📷: WorldQuant

British Airways plans to introduce a new first class on its A380 double-decker jets in mid 2026.

From a 32-inch TV to a personal luggage storage space, take a sneak peek inside: https://bloom.bg/40YhIKu

📷: British Airways

Hong Kong has become a center for financial crime as Beijing tightened its grip on the city, US lawmakers said, highlighting the worsening ties between the former British colony and Washington. Read more: https://bloom.bg/3ZkO0y2

📷: Paul Yeung/Bloomberg

Rates hike: Nigeria's central bank raises interest rates again, intensifying its bid to curb inflation and support the battered naira. https://bloom.bg/3B0SqAU

Historic vote: Namibia is about to vote in its most hotly contested election since gaining independence in 1990 and Netumbo Nandi-Ndaitwah is expected to become the country's first female leader. https://bloom.bg/3ZdXTMS

Inflation cools: Zimbabwe’s monthly inflation rate fell for the first time in four months with the ZiG helping to keep prices under control. https://bloom.bg/3Ov3IAc

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