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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NEW: Wall Street billionaire Howard Lutnick must address the future of his sprawling business empire before he prepares for his first boss in decades as Trump’s Commerce secretary pick.
Read The Big Take https://bloom.bg/4ePagEw
Read The Big Take https://bloom.bg/4ePagEw
Bloomberg.com
Howard Lutnick, King of Cantor, Gets a Boss of His Own in Donald Trump
He’s run his brokerage like a personal fiefdom. Now, Wall Street is watching how Lutnick will untangle his personal interests and navigate conflicts at the Commerce Department.
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Election unrest: Mozambique is facing renewed unrest after the main opposition leader called for more protests. https://bloom.bg/3CJrJBh
Disqualified candidates: Tanzanians voted in local government elections on Wednesday that the main opposition said was rigged after thousands of its candidates were disqualified from running. https://bloom.bg/415ePHE
Big deal: A South African minister is appealing an order by the nation’s Competition Tribunal that blocked Vodacom's $730 million deal to buy a stake in Remgro’s fiber businesses. https://bloom.bg/3ZfApaa
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
Disqualified candidates: Tanzanians voted in local government elections on Wednesday that the main opposition said was rigged after thousands of its candidates were disqualified from running. https://bloom.bg/415ePHE
Big deal: A South African minister is appealing an order by the nation’s Competition Tribunal that blocked Vodacom's $730 million deal to buy a stake in Remgro’s fiber businesses. https://bloom.bg/3ZfApaa
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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Why global hedge funds and private equity firms are piling into Japan’s $165 billion hidden property trade.
The potential for unrealized gains stems from an accounting quirk: https://bloom.bg/49d0vig
The potential for unrealized gains stems from an accounting quirk: https://bloom.bg/49d0vig
Bloomberg.com
Hedge Funds Pile Into Japan’s $165 Billion Hidden Property Trade
Global hedge funds and private equity firms are gravitating toward Japanese companies in a bid to unlock as much as ¥25 trillion ($165 billion) in undervalued real estate.
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Xi wants to transform China's military into a modern force by 2027.
But a major concern appears to be graft that has eroded the quality of the weapons and capabilities of special units, leading to sweeping purges of senior leaders.
Here's what to know: https://bloom.bg/418clZd
But a major concern appears to be graft that has eroded the quality of the weapons and capabilities of special units, leading to sweeping purges of senior leaders.
Here's what to know: https://bloom.bg/418clZd
Bloomberg.com
Why Is China Purging Some of Its Most Senior Military Leaders?
Chinese President Xi Jinping has devoted billions of dollars to transforming the military into a modern force by 2027. His government has also launched sweeping purges in the upper echelons of the People’s Liberation Army (PLA) in response to what US intelligence…
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China released three Americans as part of a prisoner swap between the Biden administration and the Chinese government https://bloom.bg/3CZ2gUf
Bloomberg.com
Three Americans Released From China in Fresh Prisoner Swap
China released three Americans as part of a prisoner swap between the Biden administration and the Chinese government, according to people familiar with the matter, a rare moment of cooperation between the adversaries.
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The Biden administration is weighing additional chip sale restrictions to China that would escalate the US crackdown on Beijing’s tech ambitions, but stop short of some stricter measures previously considered: https://bloom.bg/497bWIt
📷: Qilai Shen/Bloomberg
📷: Qilai Shen/Bloomberg
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Donald Trump had dinner with Meta CEO Mark Zuckerberg at the president-elect’s Mar-a-Lago estate in Florida.
Zuckerberg met with Trump and members of his team, according to a Meta representative, who added that Zuckerberg wasn’t staying for Thanksgiving: https://bloom.bg/3VcKrY2
📷: David Paul Morris/Bloomberg
📷: Allison Robbert/AFP/Bloomberg
Zuckerberg met with Trump and members of his team, according to a Meta representative, who added that Zuckerberg wasn’t staying for Thanksgiving: https://bloom.bg/3VcKrY2
📷: David Paul Morris/Bloomberg
📷: Allison Robbert/AFP/Bloomberg
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NEW: Here's why China, Europe, the US and Japan have all plunged into a new technological arms race over computer chips https://bloom.bg/4eUFkmq
Bloomberg.com
How World Powers Are Vying for Chip Supremacy
The US has deployed export controls and tariffs to preserve an edge in semiconductor technology. Is it working?
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Bank heist: Hackers breached the Ugandan central bank’s systems and stole 62 billion shillings ($17 million) from its accounts. https://bloom.bg/4i2FNWF
Cease and desist: Namibia ordered Elon Musk's Starlink to cease all operations in the country. Here's why: https://bloom.bg/4ic18wI
Unrest continues: Mozambique’s main border crossing with South Africa was blocked for a second day on Thursday due to political unrest. https://bloom.bg/4fDS7eh
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
Cease and desist: Namibia ordered Elon Musk's Starlink to cease all operations in the country. Here's why: https://bloom.bg/4ic18wI
Unrest continues: Mozambique’s main border crossing with South Africa was blocked for a second day on Thursday due to political unrest. https://bloom.bg/4fDS7eh
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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Australia’s new social media ban for under-16s is wildly popular with voters — 77% support the move, according to a YouGov survey — but it has unleashed a maelstrom of criticism from big tech https://bloom.bg/4eMGlNu
Bloomberg.com
TikTok, Meta Brace for Australian Social Media Ban Fallout
Australia’s controversial new law barring under-16s from social media is one of the toughest crackdowns yet on platforms including Facebook and TikTok as governments worldwide grasp for ways to protect children from harmful content.
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Norway is set to become the first country to fully transition to EVs, thanks to targeted incentives that make the switch to electric an easy choice. Read The Big Take: https://bloom.bg/3OsoYXF
📷: Naina Helén Jåma/Bloomberg
📷: Naina Helén Jåma/Bloomberg
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Saudi-backed LIV Golf and Europe's DP World Tour are said to be considering a potential tie-up.
If successful, the deal would cement LIV Golf’s position in the golfing calendar and give the DP World Tour — previously known as the European Tour — significant financial heft. More here: https://bloom.bg/4i3nHDX
If successful, the deal would cement LIV Golf’s position in the golfing calendar and give the DP World Tour — previously known as the European Tour — significant financial heft. More here: https://bloom.bg/4i3nHDX
Bloomberg.com
Saudi-Backed LIV Golf Is Said to Weigh Deal With DP World Tour
Saudi-backed LIV Golf is considering a potential tie-up with Europe’s DP World Tour that may result in a surprise end to enmity that’s plagued the sport, according to people with knowledge of the matter.
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Safer bet: South Africa, once seen as a volatile emerging market, is now gaining favor among investors navigating a world with Donald Trump in the White House. https://bloom.bg/4iczMH2
Defense pact: Chad canceled an agreement permitting French troops to operate in the country, one of the few places where Western forces combat Islamist insurgents in the Sahel. https://bloom.bg/3ZasDhB
Namibia votes: Early results from Namibia’s elections show the ruling party garnered the most support, albeit markedly less than five years ago. https://bloom.bg/3OwMp1W
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
Defense pact: Chad canceled an agreement permitting French troops to operate in the country, one of the few places where Western forces combat Islamist insurgents in the Sahel. https://bloom.bg/3ZasDhB
Namibia votes: Early results from Namibia’s elections show the ruling party garnered the most support, albeit markedly less than five years ago. https://bloom.bg/3OwMp1W
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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Toyota has dominated the world's most expensive car market for decades. Now it faces being toppled by a wave of Chinese EVs thanks to Singapore's drive to curb its emissions. Read more in this week's free Singapore Edition newsletter: https://bloom.bg/4fa83Ed
📷: Adam Majendie/Bloomberg
📷: Adam Majendie/Bloomberg
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President Joe Biden has signed a pardon for his son Hunter: https://bloom.bg/3CMB0Iz
📷: Al Drago/Bloomberg
📷: Al Drago/Bloomberg
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An impeachment complaint was filed against Philippines Vice President Sara Duterte for allegedly engaging in gross misconduct https://bloom.bg/3OAQwdu
Bloomberg.com
Duterte Faces Impeachment Case Despite Marcos Push to Cool Feud
Philippine civil groups filed an impeachment complaint on Monday against Vice President Sara Duterte, a move that may struggle to find lawmaker support ahead of next year’s midterm elections.
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DBS is expanding its wealth management team to cater to rich Russians as rival banks stay away from the business. More here: https://bloom.bg/3BmFp4y
📷: Ore Huiying/Bloomberg
📷: Ore Huiying/Bloomberg
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Pharmaceutical dealmaking has become a rare bright spot for collaboration between China and the West.
Industry watchers, however, are holding their breath to see how the incoming Trump administration changes that https://bloom.bg/41fT201
Industry watchers, however, are holding their breath to see how the incoming Trump administration changes that https://bloom.bg/41fT201
Bloomberg.com
Big Pharma’s Bet on China Biotech Is a Rare Trade Bright Spot
At a time when geopolitical tensions are hitting industries from semiconductors to electric vehicles, pharmaceutical dealmaking has become a rare bright spot for collaboration between China and the West. Industry watchers are holding their breath to see how…
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