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πŸŽ™ Where are all the 3-bedroom apartments?

This week Rebecca Jones and Swati Pandey discuss why Sydney faces a surprising shortage.

Follow our new Bloomberg Australia Podcast as we lift the lid on the stories shaping the country's place in global business https://bloom.bg/3ZE5WEl
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Historic pact: Britain struck a deal to cede sovereignty over the Chagos Islands in the Indian Ocean to Mauritius, while keeping control of a strategically important UK-US military base for another century. https://bloom.bg/47TY3N7

Virus outbreak: Rwanda’s first recorded infections of the Marburg virus, an Ebola-like hemorrhagic fever, is another sign that outbreaks of dangerous animal-borne diseases will become more frequent in an increasingly connected world. https://bloom.bg/3XPoFu4

Fraud sentence: Steinhoff’s former Chief Financial Officer Ben la Grange was sentenced to 10 years in prison on charges of fraud related to the manipulation of the group’s financial statements. https://bloom.bg/4dwjODS

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
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As Australia grapples with a once-in-a-generation housing crisis, baby boomers looking to downsize from their large family homes are increasingly asking the same question: Where are all the three-bedroom apartments? Read more: https://bloom.bg/3zIKofk

πŸ“·: Brent Lewin/Bloomberg
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Peace talks: Daniel Chapo, the ruling-party candidate in next week's Mozambique presidential election, says in an interview he favors talks to end a deadly Islamic State-backed insurgency that's delayed massive natural-gas investments. https://bloom.bg/3Y6EIFb

State graft probe: Kenya has asked the International Monetary Fund for an in-depth assessment of how corruption and mismanagement of state resources drain its public finances. https://bloom.bg/3ZMrnDl

Sports rights: SA Rugby, which oversees the reigning world champion Springboks team, said its member unions will on Oct. 17 vote on the sale of a 20% stake in a newly created commercial rights company to Ackerley Sports. https://bloom.bg/4gPfv9D

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
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Dyson has confirmed it's cutting staff in Singapore. With Samsung and Shein also laying off workers, what does it mean for the city's manufacturing ambitions?

Read more in this week's Singapore Edition newsletter: https://bloom.bg/3zUfRLq
πŸ“Έ: Bryan van der Beek/Bloomberg
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A vast China-funded high-speed rail network is heading toward Singapore, and saddling Southeast Asian nations with debt along the way: https://bloom.bg/3TZtdwL

πŸ“Έ: Lauren DeCicca/Getty Images
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Coachella is scrambling to find its headliners for next year after both Rihanna and Kendrick Lamar pass on offers to perform. Take a look inside the struggles of the biggest music festival in North America: https://bloom.bg/47Ur6QM

πŸ“·: Christopher Polk/Getty Images for NARAS
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Apple is inching away from its annual product upgrade cycle, a move that could lead to more frequent releases and fewer jarring delays.

Read more, including the latest on when Apple Intelligence and M4 Macs will launch, in Mark Gurman's free Power On newsletter: https://bloom.bg/4fbGtqz

πŸ“·: Chris Ratcliffe/Bloomberg
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Heat stress: The searing heat felt living in South Africa's shantytowns exposes another disparity in the world's most unequal nation. https://bloom.bg/4ezieCu

Middle East conflict:
One year later, the Oct. 7 attack on Israel by Hamas is still reverberating across the globe. https://bloom.bg/3NgHYYs

Conflict minerals:
Congo is planning to clamp down on companies that buy or source minerals from its war-torn eastern region, where smuggling is fueling one of the world’s worst humanitarian crises. https://bloom.bg/4exemBZ

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
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China stocks surge 11% as markets reopen after a week-long holiday. Follow our live blog for the latest news and analysis: https://bloom.bg/4gYsYfc

πŸ“·: Bloomberg
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No water: Zimbabwe’s second biggest city of Bulawayo is planning to extend water cuts to almost 5 1/2 days a week after closing a third of its six supply reservoirs amid the worst drought in 40 years. https://bloom.bg/4gXY9ri

Rate cuts:
Kenya’s central bank is set to cut interest rates at a second straight meeting for the first time since the Covid-19 pandemic spurred an easing cycle four years ago. https://bloom.bg/4dAsklj

Reelected:
Tunisian President Kais Saied won a second term in a low turnout election, as discontent rises over his authoritarian style of governance. https://bloom.bg/3A1v7Gp

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
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The US Justice Department considers recommending to a federal judge that Google sell off parts of its business in what would be a historic breakup. Read more here: https://bloom.bg/4gVf3GV

πŸ“·: David Paul Morris/Bloomberg
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Former Singapore Transport Minister S. Iswaran β€” who once roamed the Formula 1 paddocks and took a billionaire’s private jet to Qatar β€” now has to adjust to a more grueling lifestyle: sleeping on a straw mat on the floor of an unairconditioned prison cell.

Read more about what life is like inside the city-state's infamous Changi Prison: https://bloom.bg/3YgyToK

πŸ“·: Singapore Prison Service
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A new HBO documentary about the origins of Bitcoin suggests that Satoshi Nakamoto, the pseudonymous creator of the original cryptocurrency, is likely Canadian software developer Peter Todd https://bloom.bg/3NjasRe

πŸ“·: Warner Bros Discovery
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πŸŽ™ Inside the succession drama at a Hong Kong property dynasty. New World’s Adrian Cheng seemed poised to take over his family’s $20 billion empire, until he suddenly resigned as CEO.

Listen to the Big Take Asia Podcast to find out more on the Hong Kong scion’s dramatic ouster and what it could mean for other Asian https://link.podtrac.com/jxfy2rhy
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Presidential impeachment: Kenyan lawmakers voted to impeach Deputy President Rigathi Gachagua, raising the risk of renewed political instability after deadly anti-government protests earlier this year. https://bloom.bg/3Y1f1oo

Inequality costs:
Uganda’s anti-LGBTQ laws have cost the nation as much as $1.6 billion since being introduced in May 2023, a new study found. https://bloom.bg/3YfLCrH

New leadership:
Mozambicans voted Wednesday for a new leader who will need to quell an insurgency that’s stalled massive liquefied natural gas projects. https://bloom.bg/3zIkW9Q

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
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BREAKING: Ratan Tata, the businessman who inherited one of India’s oldest conglomerates and transformed it into a global empire, has died. He was 86 https://bloom.bg/4h0ovcc
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Airstrike allegations: Egypt denied accusations it carried out an airstrike on a paramilitary group battling Sudan’s army in the neighboring country’s civil war. https://bloom.bg/3ZYrY4I

Nuclear win:
The US beat out Russia to build Ghana’s first small modular nuclear reactor, in a deal Washington sees as prizing its technology over cheaper financing. https://bloom.bg/4gXOfWy

Pivot from China:
Congo’s top mining official says the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry. https://bloom.bg/3BGQ61W

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
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Elon Musk has unveiled long-awaited prototypes of a Tesla robotaxi called the Cybercab, saying that production may start in 2026 and that the vehicle could cost less than $30,000: https://bloom.bg/480dG5P

πŸ“Έ: Tesla
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Tech superstar startup OpenAI announced this week that it will set up a hub in Singapore to serve partners and customers in the region β€” a hard-won victory for the government, which has been trying to boost the nation’s chops in artificial intelligence. Find out more in our free Singapore Edition newsletter: https://bloom.bg/3Nn4rmB

πŸ“Έ: Marco Bertorello/AFP
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China traders are bracing for volatility as Beijing readies further business support after an underwhelming finance ministry briefing over the weekend.

Follow our live blog for the latest news and analysis here: https://bloom.bg/4eTV61C

πŸ“·: Qilai Shen/Bloomberg
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