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
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
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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
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
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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
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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
Bloomberg.com
Bitcoin’s Rally Stalls After Nearing the Historic $100,000 Level
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.
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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
Take a first look inside the tech giant’s massive chip-making effort: https://bloom.bg/4i59AOj
📷: Chona Kasinger/Bloomberg
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Japan's hottest stock is a 139-year-old company that's up 430% this year. More here: https://bloom.bg/4fKzDsK
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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
📷: Kiyoshi Ota/Bloomberg
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🚨 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
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
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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
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
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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
📷: Brandon Bell/Getty Images
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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
📷: Dustin Chambers/Bloomberg
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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
📷: Ariana Drehsler/Bloomberg
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European Union proposes to sanction several Chinese firms that it claims helped Russian companies develop attack drones. More here: https://bloom.bg/493Hxed
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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
📷: Brendon O'Hagan/Bloomberg
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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
📷: Paul Yeung/Bloomberg
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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
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
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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
From a 32-inch TV to a personal luggage storage space, take a sneak peek inside: https://bloom.bg/40YhIKu
📷: British Airways
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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
📷: Paul Yeung/Bloomberg
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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
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
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Vietnamese prosecutors have told property tycoon Truong My Lan she must repay an estimated $11 billion if she wants to avoid execution by lethal injection. More here: https://bloom.bg/3COe8Zq
📷: AFP/Getty Images
📷: AFP/Getty Images
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Chinese cars are rapidly replacing Japanese brands in key markets. Here's how once-dominant brands like Honda and Nissan are losing share at a worrying rate: https://bloom.bg/3Z5rJCV
Photography for illustration: iStock/Getty Images Plus
Photography for illustration: iStock/Getty Images Plus
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