China’s central bank unleashed a blitz of policy support for the economy, as policymakers make their broadest push so far to hit this year’s annual growth target of about 5%. More here: https://bloom.bg/3BqLxZd
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From Siberia to Brazil, wildfires are moving below ground — under ice, rainforests and peatlands — where they smolder and emit massive amounts of pollution. They're also triggering dangerous feedback loops. Read The Big Take here: https://bloom.bg/4ezbK6b
📷: Government of Alberta
📷: Government of Alberta
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Hong Kong is planning to lower the amount of tax it levies on spirits, according to people familiar with the matter, as the Asian financial center seeks to regain its edge as a premier destination for nightlife, dining and shopping. Read more here: https://bloom.bg/3NiTzq5
📷: Lam Yik/Bloomberg
📷: Lam Yik/Bloomberg
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China said it launched an ICBM with “a dummy warhead” into the Pacific Ocean, a rare move that could raise tensions in East Asia. More here: https://bloom.bg/3XBcSPT
📷: Pool/Getty Images AsiaPac
📷: Pool/Getty Images AsiaPac
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China’s economy just got a massive adrenaline shot but economists say turning the slump around will require much, much more. Read more here: https://bloom.bg/3Xy09xs
📷: Xie Huanchi/Xinhua/Getty Images
📷: Xie Huanchi/Xinhua/Getty Images
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🎙 Donald Trump says the US dollar is under attack. Is that true?
On today’s Big Take Asia podcast, host K. Oanh Ha and Saleha Mohsin break down what Trump means — and the possible consequences for China’s yuan https://link.podtrac.com/jxfy2rhy
📷: Paul Yeung/Bloomberg
On today’s Big Take Asia podcast, host K. Oanh Ha and Saleha Mohsin break down what Trump means — and the possible consequences for China’s yuan https://link.podtrac.com/jxfy2rhy
📷: Paul Yeung/Bloomberg
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Office in Dubai: Nigerian billionaire Aliko Dangote is setting up a family office in Dubai, joining other high-net worth individuals flocking to the Middle East’s financial hub. https://bloom.bg/3MXA1XW
Currency shock: Zimbabwe’s latest attempt at a new currency is cracking — and central bank Governor John Mushayavanhu is being left to deal with the fallout. https://bloom.bg/3ZCuNbK
Middle Eastern funding: Kenya is in talks for a $1.5 billion loan from Abu Dhabi, the latest in a series of bailouts it's extended to African countries in recent years. https://bloom.bg/3XSOQRP
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
Currency shock: Zimbabwe’s latest attempt at a new currency is cracking — and central bank Governor John Mushayavanhu is being left to deal with the fallout. https://bloom.bg/3ZCuNbK
Middle Eastern funding: Kenya is in talks for a $1.5 billion loan from Abu Dhabi, the latest in a series of bailouts it's extended to African countries in recent years. https://bloom.bg/3XSOQRP
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
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OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said.
It would be the first time Altman is granted ownership in the artificial intelligence startup. Read more here: https://bloom.bg/3BgooZr
📷: David Paul Morris/Bloomberg
It would be the first time Altman is granted ownership in the artificial intelligence startup. Read more here: https://bloom.bg/3BgooZr
📷: David Paul Morris/Bloomberg
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New York City Mayor Eric Adams has been indicted following a federal corruption investigation, according to a person familiar with the matter, a stunning development that calls into question the political future of the man in charge of running the biggest US city. Read more here: https://bloom.bg/3zp13o6
📷: Mark Sagliocco/Getty Images for Gabrielle's Angel Foundation
📷: Mark Sagliocco/Getty Images for Gabrielle's Angel Foundation
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Qantas Airways’s ghost-flight scandal misled almost one million customers booked on tens of thousands of non-existent services, according to court documents that reveal the scale of the misconduct and the airline’s awareness of the problem. More here: https://bloom.bg/4dkoVam
📷: Brendon Thorne/Bloomberg
📷: Brendon Thorne/Bloomberg
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Since Anwar Ibrahim became Malaysia’s PM, the country's anti-corruption drive has targeted his enemies. He denies involvement in the investigations - but critics say he's using an independent agency to punish adversaries. More here: https://bloom.bg/3ZE8P7Z
📷: Pool/Getty Images AsiaPac
📷: Pool/Getty Images AsiaPac
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🎙 Our brand new Bloomberg Australia podcast is here. Follow along as we lift the lid on the stories shaping the country's place in global business.
This week Rebecca Jones asks Rich Henderson asks why investors can expect a boost from the Fed’s rate cut.
Listen here: https://bloom.bg/3ZE5WEl
This week Rebecca Jones asks Rich Henderson asks why investors can expect a boost from the Fed’s rate cut.
Listen here: https://bloom.bg/3ZE5WEl
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Rights compromise: The World Bank and Uganda are working to end a lending freeze after the East African nation passed repressive anti-LGBTQ legislation. https://bloom.bg/47J6ZVJ
Currency slump: Nigeria's Naira fell to a fresh low against the dollar, shrugging off on a surprise interest-rate increase. https://bloom.bg/3TIU3JC
Mpox detections: Suspected cases of mpox have been recorded in at least 15 African countries, according to Africa's CDC. https://bloom.bg/4eF8eYc
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
Currency slump: Nigeria's Naira fell to a fresh low against the dollar, shrugging off on a surprise interest-rate increase. https://bloom.bg/3TIU3JC
Mpox detections: Suspected cases of mpox have been recorded in at least 15 African countries, according to Africa's CDC. https://bloom.bg/4eF8eYc
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
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Bernard Arnault’s fortune jumped by $17 billion in a single day, taking his net worth to $201 billion, according to the Bloomberg Billionaires Index.
The surge comes after China’s top leaders gave the green light to supercharge stimulus in the world’s second-largest economy. Read more here: https://bloom.bg/47JNsnZ
📷: Girette/Bloomberg
The surge comes after China’s top leaders gave the green light to supercharge stimulus in the world’s second-largest economy. Read more here: https://bloom.bg/47JNsnZ
📷: Girette/Bloomberg
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Japan’s ruling party picked Shigeru Ishiba as its next leader, positioning an advocate of an “Asian NATO” to become prime minister in a move that risks further increasing tensions with China. More here: https://bloom.bg/3N3HrJg
📷: Toru Hanai/Bloomberg
📷: Toru Hanai/Bloomberg
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Militants are gaining strength in Bangladesh after a tumultuous change in government, raising concerns that Islamist extremists are on the verge of gaining a foothold in a volatile part of the world. Read more: https://bloom.bg/3zr1ka6
📷: K M Asad/AFP/Getty Images
📷: K M Asad/AFP/Getty Images
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Chocolate crisis: After huge bean shortages and turmoil across the market this year, the cocoa harvest this season is looking promising. But it may not be enough to bring chocolate prices down. https://bloom.bg/47QrC2g
Telecoms deals: Kenya’s biggest phone company Safaricom is in talks with Elon Musk’s Starlink and other satellite providers on potential future partnerships. https://bloom.bg/3BuNiog
Currency devaluation: Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG. https://bloom.bg/3ZAvP86
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
Telecoms deals: Kenya’s biggest phone company Safaricom is in talks with Elon Musk’s Starlink and other satellite providers on potential future partnerships. https://bloom.bg/3BuNiog
Currency devaluation: Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG. https://bloom.bg/3ZAvP86
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
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I was one of the hundreds of unlucky commuters caught up in this week’s Singapore MRT chaos. Here's what it was like.
That and more in this week's free Singapore Edition: https://bloom.bg/3Y0WSIq
📷: Paul Miller/Bloomberg
That and more in this week's free Singapore Edition: https://bloom.bg/3Y0WSIq
📷: Paul Miller/Bloomberg
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Binance founder Changpeng Zhao pledged to keep investing in the blockchain sector as well as artificial intelligence and biotechnology, in the crypto mogul’s first public comments since his release from US custody.
Zhao was released from a correctional facility in California on Sept. 27. Read more here: https://bloom.bg/4gI02bn
📷: David Ryder/Bloomberg
Zhao was released from a correctional facility in California on Sept. 27. Read more here: https://bloom.bg/4gI02bn
📷: David Ryder/Bloomberg
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In a nation where the norm has been for people to park their assets in cash and deposits that offer almost no interest, Shigeru Fujimoto has accumulated about ¥2 billion ($14 million) of wealth.
Read more on how the 88-year-old former pet-shop owner built his fortune: https://bloom.bg/3TQrcTz
📷: Yasutaka Tamura/Bloomberg
Read more on how the 88-year-old former pet-shop owner built his fortune: https://bloom.bg/3TQrcTz
📷: Yasutaka Tamura/Bloomberg
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War in Sudan: The UAE's foreign ministry says a Sudanese military aircraft launched a "cowardly" attack on the residence of its ambassador to Sudan. https://bloom.bg/3ByXTyw
Loan approved: The World Bank approves $1.57 billion in new lending to Nigeria, aimed at easing the "complex difficulties" facing women and girls. https://bloom.bg/3ZN0MWC
Growth acceleration: South Africa's deputy president expects the economy to grow faster than expected, and the country's 10-year bond yield hits a two year low. https://bloom.bg/47PpebK
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
Loan approved: The World Bank approves $1.57 billion in new lending to Nigeria, aimed at easing the "complex difficulties" facing women and girls. https://bloom.bg/3ZN0MWC
Growth acceleration: South Africa's deputy president expects the economy to grow faster than expected, and the country's 10-year bond yield hits a two year low. https://bloom.bg/47PpebK
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
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