Israel’s largest labor group is poised for a nationwide strike, the strongest push yet to force the government into a Gaza cease-fire and secure the release of hostages held by Hamas.
Hundreds of thousands of Israelis demonstrated in cities around the nation on Sunday — in what appeared to be the largest protests since the Oct. 7 attacks — after the bodies of six hostages were found in a tunnel in the Gaza Strip. https://bloom.bg/3AVSOju
📷: Kobi Wolf/Bloomberg
Hundreds of thousands of Israelis demonstrated in cities around the nation on Sunday — in what appeared to be the largest protests since the Oct. 7 attacks — after the bodies of six hostages were found in a tunnel in the Gaza Strip. https://bloom.bg/3AVSOju
📷: Kobi Wolf/Bloomberg
China has threatened severe economic retaliation against Japan if Tokyo further restricts sales and servicing of chipmaking equipment to Chinese firms, complicating US-led efforts to cut the world’s second-largest economy off from advanced technology. Read more: https://bloom.bg/3MsQRO5
📷: Kiyoshi Ota/Bloomberg
📷: Kiyoshi Ota/Bloomberg
Dangote gas: Africa’s largest oil refinery is on the brink of producing significant volumes of gasoline, a landmark moment with the potential to transform the global market for the fuel. https://bloom.bg/47cIJLb
Beyond West: Turkey has formally asked to join the BRICS group of emerging-market nations as it seeks to bolster its global influence and forge new ties beyond its traditional Western allies. https://bloom.bg/4e1TaTW
Powerless: Zambia’s electricity crisis has intensified, with households now getting not more than three hours of supply daily after the worst drought in decades curbs hydropower generation. https://bloom.bg/4cViNVE
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
Beyond West: Turkey has formally asked to join the BRICS group of emerging-market nations as it seeks to bolster its global influence and forge new ties beyond its traditional Western allies. https://bloom.bg/4e1TaTW
Powerless: Zambia’s electricity crisis has intensified, with households now getting not more than three hours of supply daily after the worst drought in decades curbs hydropower generation. https://bloom.bg/4cViNVE
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
US is laying the groundwork for new sanctions on Venezuelan government officials in response to Nicolás Maduro’s disputed reelection in July. More here: https://bloom.bg/4dPPxkC
📷: Bloomberg
📷: Bloomberg
NEW: Volkswagen is considering shutting factories in Germany for the first time — ever. Here's why it marks a turning point for the whole of Europe's car industry.
Read The Big Take here: https://bloom.bg/3Xrn3Yp
📷: Krisztian Bocsi/Bloomberg
Read The Big Take here: https://bloom.bg/3Xrn3Yp
📷: Krisztian Bocsi/Bloomberg
Debt deal: After a decade of surging Chinese lending helped push African countries toward default, Beijing has a new proposal: commercial loans that could generate better returns for China. https://bloom.bg/3TdZRuo
No recession: South Africa’s economy expanded in the second quarter as electricity supply improved and consumers dipped into their wallets. https://bloom.bg/4cKXhms
Hired guns: Private security is filling a void as South Africa struggles to respond to an increase in murder and ransom kidnappings. https://bloom.bg/4cWzlfY
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
No recession: South Africa’s economy expanded in the second quarter as electricity supply improved and consumers dipped into their wallets. https://bloom.bg/4cKXhms
Hired guns: Private security is filling a void as South Africa struggles to respond to an increase in murder and ransom kidnappings. https://bloom.bg/4cWzlfY
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
🎙 One of the world's hottest trades came unstuck and hammered global markets last month.
On today's Big Take Asia, Shuli Ren, K. Oanh Ha and David Gura explain what the carry trade is - with a little help from some soup dumplings https://link.podtrac.com/jxfy2rhy
On today's Big Take Asia, Shuli Ren, K. Oanh Ha and David Gura explain what the carry trade is - with a little help from some soup dumplings https://link.podtrac.com/jxfy2rhy
Gold is having a moment. The price has hit a fresh record in any major currency you care to name at some point this year. A standard gold bar saw its value rise to more than a million dollars for the first time.
Plus, the very rich are fueling a run on storage vaults to hold their gold bars. What’s driving this bull market in gold? Read more: https://bloom.bg/4cRrnok
📷: Akos Stiller/Bloomberg
Plus, the very rich are fueling a run on storage vaults to hold their gold bars. What’s driving this bull market in gold? Read more: https://bloom.bg/4cRrnok
📷: Akos Stiller/Bloomberg
Rail revamp: China signed an agreement Wednesday to revamp a Mao-era railway that will help landlocked Zambia, Africa’s second-largest copper producer, export the metal through Tanzania. https://bloom.bg/3z3eYjq
Port-access plan: Djibouti’s government expects Ethiopia to accept an offer for exclusive access to one of its ports, a proposal that’s aimed at defusing regional tensions triggered by Addis Ababa’s bid to regain direct access to the sea. https://bloom.bg/47cSkSc
Good business: South African business sentiment rose to an almost two-year high, underpinned by the return of sustained power supply, optimism about the economy and political certainty after May elections. https://bloom.bg/3MxeoO4
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
Port-access plan: Djibouti’s government expects Ethiopia to accept an offer for exclusive access to one of its ports, a proposal that’s aimed at defusing regional tensions triggered by Addis Ababa’s bid to regain direct access to the sea. https://bloom.bg/47cSkSc
Good business: South African business sentiment rose to an almost two-year high, underpinned by the return of sustained power supply, optimism about the economy and political certainty after May elections. https://bloom.bg/3MxeoO4
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
It’s been more than a decade since Singapore’s dollar was last this strong against the US dollar, and the effects are being felt by everyone from importers to tourists. More here: https://bloom.bg/4cSUVlu
📷: Lauryn Ishak/Bloomberg
📷: Lauryn Ishak/Bloomberg
Gas prices: Nigeria is considering allowing billionaire Aliko Dangote’s refinery to set the price of the gasoline it sells, a move that’s poised to refashion the government’s control over what customers pay for fuel. https://bloom.bg/4g9gXDn
Smaller gap: South Africa’s current-account deficit narrowed more than expected in the second quarter as the rand price of exported goods and services increased more than that of imports. https://bloom.bg/3zirgV3
Chinese money: President Xi Jinping unveiled a raft of economic sweeteners for Africa, showcasing China’s commitment to strengthening its sway over a continent seen as key to his geopolitical ambitions. https://bloom.bg/3Xw1PZp
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
Smaller gap: South Africa’s current-account deficit narrowed more than expected in the second quarter as the rand price of exported goods and services increased more than that of imports. https://bloom.bg/3zirgV3
Chinese money: President Xi Jinping unveiled a raft of economic sweeteners for Africa, showcasing China’s commitment to strengthening its sway over a continent seen as key to his geopolitical ambitions. https://bloom.bg/3Xw1PZp
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
“We’re building as if nobody’s checking on the demand.”
Building tall landmarks has long been a source of prestige and national pride for Malaysia's leaders. But Merdeka 118, the world's second-tallest building, could test the country's appetite for skyscrapers. Read more: https://bloom.bg/3XysQeQ
📷: Ian Teh/Bloomberg
Building tall landmarks has long been a source of prestige and national pride for Malaysia's leaders. But Merdeka 118, the world's second-tallest building, could test the country's appetite for skyscrapers. Read more: https://bloom.bg/3XysQeQ
📷: Ian Teh/Bloomberg
Fuel subsidies: Nigeria is once again trying to end a costly addiction to fuel subsidies and wean itself off a reliance on imported gasoline, just as billionaire Aliko Dangote's local refinery starts to deliver a home-grown product. https://bloom.bg/3Xxmcp5
Trade balance: China's Premier Li Qiang signaled that his country is open to more businesses in Africa, comments likely aimed at fending off worries about a record trade surplus with the continent. https://bloom.bg/47dCIxX
Just transition: Germany is willing to help fund the 390 billion rand ($22 billion) that South Africa said it needs to incorporate more solar and wind power into the national grid and ensure its energy security. https://bloom.bg/3AQr4Nj
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
Trade balance: China's Premier Li Qiang signaled that his country is open to more businesses in Africa, comments likely aimed at fending off worries about a record trade surplus with the continent. https://bloom.bg/47dCIxX
Just transition: Germany is willing to help fund the 390 billion rand ($22 billion) that South Africa said it needs to incorporate more solar and wind power into the national grid and ensure its energy security. https://bloom.bg/3AQr4Nj
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
Chelsea FC’s main shareholders are exploring their ownership of the English Premier League football club after little more than two years in charge, amid a deterioration in relations, people familiar with the matter said.
California-based private equity firm Clearlake Capital — Chelsea’s majority owner — and US businessman Todd Boehly are assessing whether they can potentially buy each other out, according to the people. Read more here: https://trib.al/F1XvzJK
📷: Justin Setterfield/Getty Images
California-based private equity firm Clearlake Capital — Chelsea’s majority owner — and US businessman Todd Boehly are assessing whether they can potentially buy each other out, according to the people. Read more here: https://trib.al/F1XvzJK
📷: Justin Setterfield/Getty Images
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Narendra Modi’s visit to Singapore just made global tech frictions between China and India more complicated. That and more in this week's free Singapore Edition newsletter: https://bloom.bg/3Xzo6pu
📸: Press Information Bureau, Government of India
📸: Press Information Bureau, Government of India
Vaccine costs: The price of Bavarian Nordic’s mpox vaccine is set to become a key sticking point in talks to secure millions of shots for Africa, with the Danish company under growing pressure to lower its cost. https://bloom.bg/3TlbBv4
Renewables consolidation: Engie, the French utility that led a $1 billion buyout of a rival’s renewable energy assets in Africa last year, expects more deals to be seen in the industry across the continent. https://bloom.bg/3XheQF8
Energy investment: Namibia’s state-owned electricity provider has signed a pact with Chinese companies to build what will be the country’s biggest solar photovoltaic plant. https://bloom.bg/4efaTaS
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
Renewables consolidation: Engie, the French utility that led a $1 billion buyout of a rival’s renewable energy assets in Africa last year, expects more deals to be seen in the industry across the continent. https://bloom.bg/3XheQF8
Energy investment: Namibia’s state-owned electricity provider has signed a pact with Chinese companies to build what will be the country’s biggest solar photovoltaic plant. https://bloom.bg/4efaTaS
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
The iPhone 16 and 16 Plus will be available in new colors and get a customizable Action button that had only been available on higher-end models, Apple said during its “Glowtime” event. New Pro models, meanwhile, will get slightly larger displays and thinner borders.
AI was a major theme of the presentation, and the company hopes to use the Apple Intelligence software to entice consumers to buy upgraded devices, since customers will need a recent iPhone to handle the capabilities. Read more here: https://trib.al/Vyb7Ze9
AI was a major theme of the presentation, and the company hopes to use the Apple Intelligence software to entice consumers to buy upgraded devices, since customers will need a recent iPhone to handle the capabilities. Read more here: https://trib.al/Vyb7Ze9
African investments: Indian tycoon Gautam Adani's plan to invest in East Africa's busiest airport has been dealt a blow by a Kenyan court. Read why the $1.85 billion deal has been suspended — and what happens next. https://bloom.bg/4efsTBH
Spacecraft launchpad: Turkey has held talks with Somalia about setting up a spacecraft launchpad in the country to test-fire missiles and space rockets. https://bloom.bg/47jgHO4
Cocoa smuggling: Ghana’s cocoa industry regulator is negotiating to raise the price it pays farmers by 65% for the season that started this month in a bid to curb smuggling. https://bloom.bg/3XigS7L
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
Spacecraft launchpad: Turkey has held talks with Somalia about setting up a spacecraft launchpad in the country to test-fire missiles and space rockets. https://bloom.bg/47jgHO4
Cocoa smuggling: Ghana’s cocoa industry regulator is negotiating to raise the price it pays farmers by 65% for the season that started this month in a bid to curb smuggling. https://bloom.bg/3XigS7L
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
🎙 The future of Indonesia’s new capital initially looked bright. Now, Nusantara is plagued by delays and financing woes.
What went wrong? And when will it replace the sinking, congested current capital, Jakarta?
Listen to the Big Take Asia podcast: https://link.podtrac.com/jxfy2rhy
What went wrong? And when will it replace the sinking, congested current capital, Jakarta?
Listen to the Big Take Asia podcast: https://link.podtrac.com/jxfy2rhy