Bloomberg
βœ”
160K subscribers
794 photos
49 videos
3.18K links
The first word in business news.
Download Telegram
Apple’s push into artificial intelligence sets the stage for AR glasses, home robots and other next-generation Apple technology. Read more in Mark Gurman's free Power On newsletter here: https://bloom.bg/3XieWhq

πŸ“·: David Paul Morris/Bloomberg
😁20🀩12❀8πŸ€”8πŸ‘6😒3
Diamond deals: Botswana is in talks over increasing its shareholding in De Beers, as Anglo American prepares to end its almost century-long relationship with the iconic diamond producer. https://bloom.bg/4e7TLV4

Kenya listing drought: The Nairobi Securities Exchange aims to secure its first stock listing since 2020, helped by a rebound in shares after a two-year slide that wiped more than 50% off the main index and discouraged companies from coming to the market. https://bloom.bg/3VAPXo4

Russia-Ukraine war: The Kremlin has forced thousands of African migrants and foreign students to fight alongside Russian troops in its war against Ukraine, according to assessments from European officials. https://bloom.bg/4ejp3s7

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β€” and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
πŸ‘27❀8πŸ€”8😁4🀯1
Malawi crash: Malawian Vice President Saulos Chilima, who was a potential candidate for the top job in next year’s elections, was killed in a plane crash, the nation’s leader said. https://bloom.bg/3RopVSq

Supreme court petition: Former South African President Jacob Zuma’s party petitions the Constitutional Court to stop parliament from convening, just days before legislators are scheduled to elect the president. https://bloom.bg/4cdD0pR

EV spurned: Volkswagen and Isuzu are skeptical about South Africa’s plans to develop electric and hydrogen-powered vehicle industries. https://bloom.bg/3VhMiKr

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β€” and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
😱14πŸ€”9❀5πŸ‘3😒1
BREAKING: Hunter Biden is found guilty on federal gun charges, becoming the first child of a sitting US president to be convicted of crimes. Read more here: https://trib.al/JEjUQjZ
⁣
πŸ“·: Anna Moneymaker/Getty Images⁣
πŸ‘107😁35😱20πŸ‘10😒8❀7πŸŽ‰7πŸ€”6🀩4
Hong Kong's property market has lost $270 billion in value in the last five years, the longest downturn since the early 2000s. Homeowners are now increasingly contemplating what once was unthinkable β€” selling at a loss.

Read the full story here: https://bloom.bg/3KD78PN

πŸ“·: Lam Yik/Bloomberg
πŸ‘42❀10😒6πŸ”₯3πŸ€”3πŸ‘2πŸ’―2😁1
πŸŽ™ A new breed of scammer is targeting ultra-rich families in Singapore and Hong Kong.

On the Big Take Asia podcast, we track how https://link.podtrac.com/jxfy2rhy
❀14πŸ‘8πŸ”₯8😁4😒4
Creditor pact: Ghana reached a deal with creditors formalizing debt treatment plans agreed in January, which will open the way for the disbursement of aid from the International Monetary Fund. https://bloom.bg/4c9nStK

Crypto laws: Zimbabwe asks for public input on cryptoasset operations as it works on regulatory policy for the sector. https://bloom.bg/4cj2gec

Solar boost: Repairs to South Africa’s coal-fired power stations that have helped the state utility avoid debilitating blackouts for three months straight is giving solar installers an unintended break. https://bloom.bg/4bYEFQc

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β€” and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
πŸ‘29❀9πŸ€”6
When Apple CEO Tim Cook and his top deputies this week unveiled a landmark arrangement with OpenAI to integrate ChatGPT into the iPhone, iPad and Mac, they were mum on the financial terms.

Apple isn’t paying OpenAI as part of the partnership, sources say. Find out how the partnership is expected to generate meaningful revenue for either party: https://bloom.bg/3KEXdZI

πŸ“·: David Paul Morris/Bloomberg
❀48πŸ‘23πŸ€”20πŸ”₯4🀯3🀩3😒1
Crypto charges: Binance said Nigerian authorities have dropped some criminal charges against an executive at the world’s biggest crypto exchange who has been imprisoned in the country since April. https://bloom.bg/4bWxQPp

Presidential election: South African political leaders agreed to a broad alliance to form the next government and back the reelection of Cyril Ramaphosa as president after a shock election result left the nation without a majority party. https://bloom.bg/3RrJUQu

AI farming: In its first test in Malawi, AI is helping smallholder farmers treat pigs and kill weevils that are destroying their crops. https://bloom.bg/3VlVYnn

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β€” and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
❀20πŸ‘12πŸ€”2πŸŽ‰2😱1
Scammers are targeting ultra-wealthy clans with fake family offices. Read about the measures they're taking to protect themselves in this week's free Singapore Edition newsletter: https://bloom.bg/3VqFR81

πŸ“·: Anthony Wallace/AFP/Getty
😁36😒7πŸ€”6❀5πŸ‘4πŸŽ‰3πŸ‘2🀯1
Singapore closes beaches on the popular resort island and wealthy expat haven of Sentosa following an oil spill caused by one vessel hitting another at a nearby port. More here: https://bloom.bg/3yZ9R3b

πŸ“·: David Ramli/Bloomberg
😒86πŸ‘23😱18🀯7πŸ‘6πŸ€”4❀3😁3πŸŽ‰1
Cabinet battle: The tussle over cabinet positions has begun in South Africa, with the bulk of posts in the so-called government of national unity expected to go to officials from the ANC and the Democratic Alliance. https://bloom.bg/4b7ybx9

Nigeria exit:
As US and Europe-based multinationals flee the West African nation, Asian and local companies are stepping in to fill the void. https://bloom.bg/3VwJZmO

European funding:
The UK government’s development-finance arm is providing its first support for renewable energy in Tanzania. https://bloom.bg/45uUbB2

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β€” and where it’s headed at
https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
πŸ‘26❀6πŸ€”4
Global investors are piling into India's $1.3 trillion of sovereign debt as they rush to find alternatives to China and Russia. Read The Big Take here: https://bloom.bg/3XvEqrM

πŸ“·: Álvaro Bernis
πŸ‘48❀12😁10😱1
Presidential inauguration: Cyril Ramaphosa is sworn in for another term as South Africa’s president, after elections stripped the ANC of its parliamentary majority and forced it into a power-sharing alliance with long-time rivals. https://bloom.bg/3VOhHpo

Deadly disease:
Nigeria issues a public health warning after a "highly aggressive and contagious” cholera strain killed 15 people in Lagos. https://bloom.bg/4bbVdDp

Stake sale:
Eni is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be worth about $1.1 billion, sources say. https://bloom.bg/3KQ1JVt

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β€” and where it’s headed at
https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
πŸ‘22πŸ€”8❀5😁2😒1
The bonhomie between two of the world's most isolated leaders, Kim Jong Un and Vladimir Putin, entered a new chapter with the Russian President's first visit to North Korea in 24 years. See photos from the trip: https://bloom.bg/3KNnWUe

πŸ“·: Vladimir Smirnov/Sputnik/AFP/Getty Images
πŸ‘40😁27❀13πŸ€”6😱6πŸ‘2😒2πŸ”₯1
Vietnam welcomed Russian President Vladimir Putin, underlining its decades-old relationship with Moscow in the face of US criticism over the Kremlin’s invasion of Ukraine. Read more here: https://bloom.bg/3zi13We


πŸ“·: Nhac Nguyen/AFP/Getty Images
πŸ‘44πŸ‘22😒13😁8❀7πŸ”₯6πŸ€”6🀯1
πŸŽ™ Indonesia’s nickel business is powering the EV revolution, but it has a deadly, dark side.

Listen to the Big Take Asia podcast https://link.podtrac.com/jxfy2rhy
πŸ‘22πŸ€”13❀1
SoftBank founder Masayoshi Son declared he’s ready to swing for the fences when he makes his next big tech bet, suggesting the Japanese conglomerate is on the cusp of making a major investment in AI. More here: https://bloom.bg/3zaMC6w

πŸ“·: Toru Hanai/Bloomberg
πŸ‘25❀6πŸ€”1😱1
BREAKING: The Indian rupee declines to an all-time low as broad US dollar strength weighs on most emerging Asian currencies. More here: https://bloom.bg/4ewDhG9

πŸ“·: Dhiraj Singh/Bloomberg
❀27πŸ‘12😁6πŸŽ‰6😱5πŸ€”3😒2
US spies believe China’s leaders see little or no upside to the looming electoral showdown between President Joe Biden and his predecessor Donald Trump. Read more here: https://bloom.bg/4epxPVL

πŸ“·: Andrew Harrer/Bloomberg
πŸ‘37😁14❀6πŸ€”5
Budget risks: Police seal off Kenya’s parliament and anti-tax protests spread to more towns, even after the government said it would amend a raft of levies in the face of popular opposition. https://bloom.bg/3z5CFXQ

Currency boost: Zimbabwe plans to introduce regulations that will require businesses to settle a portion of their taxes in ZiG to boost the new bullion-backed currency that’s had a β€œpositive impact” on the economy. https://bloom.bg/4eJIriv

Settlement won: Sasol wins $341 million in damages and interest from South Africa’s state-owned Transnet after years of litigation over oil-pipeline charges. https://bloom.bg/4cqkURx

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β€” and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
❀24πŸ‘10πŸ€”2🀩1