Airport choices: The world’s top airports for 2024, according to AirHelp, include two surprising South African hubs -- Cape Town International Airport and Johannesburg's OR Tambo. https://bloom.bg/3zzFb9b
Junk rating: Kenya’s credit rating was plunged deeper into junk territory by Moody’s after deadly protests forced the East African nation to scrap a plan to raise more than $2 billion in new taxes. https://bloom.bg/4bzonfJ
Another term: Ivory Coast’s ruling party is mobilizing support for President Alassane Ouattara to seek a controversial fourth term in office. https://bloom.bg/4eV9c3m
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
Junk rating: Kenya’s credit rating was plunged deeper into junk territory by Moody’s after deadly protests forced the East African nation to scrap a plan to raise more than $2 billion in new taxes. https://bloom.bg/4bzonfJ
Another term: Ivory Coast’s ruling party is mobilizing support for President Alassane Ouattara to seek a controversial fourth term in office. https://bloom.bg/4eV9c3m
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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🎙 NEW: China’s Luckin Coffee is the nation’s top coffee retailer, overtaking even Starbucks. But just a few years ago, it filed for bankruptcy.
How did it manage the turnaround? Listen to the Big Take Asia podcast ⬇ https://link.podtrac.com/jxfy2rhy
How did it manage the turnaround? Listen to the Big Take Asia podcast ⬇ https://link.podtrac.com/jxfy2rhy
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Indian passports are notoriously weak, but as India gets wealthier, the situation is improving. Here's what is changing from Peru to Morocco and Europe to Japan: https://bit.ly/3Y0yKGf
📷: Visage via Getty
📷: Visage via Getty
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BREAKING: Archegos founder Bill Hwang was found guilty of criminal charges stemming from his firm’s 2021 collapse, concluding a two-month trial that captivated Wall Street. Read more from the verdict here: https://trib.al/m87IOeD
📷: Jeenah Moon/Bloomberg
📷: Jeenah Moon/Bloomberg
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Repaying debt: Kenya needs about $26 billion to pay off existing foreign debts over the next decade. Its options are dwindling after deadly protests thwarted plans for new taxes. https://bit.ly/3XZof5X
Gold backed: Uganda has become the latest African nation to turn to gold to back up its currency, in a move similar to plans in Nigeria and Zimbabwe’s ZiG. It will buy bullion from local suppliers to build up its reserves as foreign-currency holdings decline. https://bit.ly/3W76m2S
Oil inflows: Nigeria’s new Dangote mega-refinery is lapping up ever more US crude, bringing the barrels thousands of miles across the Atlantic ocean. https://bit.ly/3LjTIZ9
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
Gold backed: Uganda has become the latest African nation to turn to gold to back up its currency, in a move similar to plans in Nigeria and Zimbabwe’s ZiG. It will buy bullion from local suppliers to build up its reserves as foreign-currency holdings decline. https://bit.ly/3W76m2S
Oil inflows: Nigeria’s new Dangote mega-refinery is lapping up ever more US crude, bringing the barrels thousands of miles across the Atlantic ocean. https://bit.ly/3LjTIZ9
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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From private jets to helicopter rides, and VIP tickets to Michelin-star chefs, the luxury travel industry is roaring back.
A cornerstone of that rebound is Asia, where a slew of pricey hotels and resorts have opened in recent years to serve flush travelers. See where and what the mega-rich are splurging on in Asia: https://bloom.bg/4f0EXbq
📷: Red Savannah
A cornerstone of that rebound is Asia, where a slew of pricey hotels and resorts have opened in recent years to serve flush travelers. See where and what the mega-rich are splurging on in Asia: https://bloom.bg/4f0EXbq
📷: Red Savannah
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State control: President Paul Kagame has become a key Western ally and has won plaudits for Rwanda's transformation. But as he looks to extend his 30 years in power, scrutiny of political suppression in the country grows. https://bloom.bg/3xQDmnR
Billions in bribes: Nigerian officials are demanding and receiving bribes to deliver public services, taking in $1.3 billion last year, according to a corruption survey by the nation's statistics agency. https://bloom.bg/4bAi3EM
Cabinet fired: Kenyan President William Ruto’s decision to fire most of his cabinet — one of the main demands of anti-government protesters — has been met with skepticism by markets.https://bloom.bg/4fb58MG
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
Billions in bribes: Nigerian officials are demanding and receiving bribes to deliver public services, taking in $1.3 billion last year, according to a corruption survey by the nation's statistics agency. https://bloom.bg/4bAi3EM
Cabinet fired: Kenyan President William Ruto’s decision to fire most of his cabinet — one of the main demands of anti-government protesters — has been met with skepticism by markets.https://bloom.bg/4fb58MG
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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More Singaporeans are marrying early — not just for love, but to get a state-subsidized home. Are the city-state's housing policies putting pressure on couples?
That and more in this week's free Singapore Edition newsletter: https://bloom.bg/4cTa9bf
That and more in this week's free Singapore Edition newsletter: https://bloom.bg/4cTa9bf
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BREAKING: Former President Donald Trump was rushed off stage during a rally in Butler, Pennsylvania on Saturday.
Secret Service agents were seen escorting Trump away and yelling “get down.” Police are reportedly telling onlookers to leave the rally. Read the latest here: https://trib.al/xbT1FTC
📷: Anna Moneymaker/Getty Images
Secret Service agents were seen escorting Trump away and yelling “get down.” Police are reportedly telling onlookers to leave the rally. Read the latest here: https://trib.al/xbT1FTC
📷: Anna Moneymaker/Getty Images
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Bloomberg reporter Hadriana Lowenkron was at the rally in Pennsylvania where the shooting happened. She’s covered many of these rallies, which are often repetitive and can easily blend together. Saturday’s event was anything but routine. Here’s how she described the scene: https://bloom.bg/3LoSTyi
📷: Jeff Swensen/Getty Images
📷: Jeff Swensen/Getty Images
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A moment of terrifying political violence at a Pennsylvania rally instantly turned into a piece of Donald Trump iconography that’s likely to turbo charge his presidential bid https://bloom.bg/467GqJ0
📷: Evan Vucci/AP Photos
📷: Evan Vucci/AP Photos
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President Joe Biden implores candidates to cool their rhetoric after the assassination attempt on Donald Trump, warning the nation was heading down a dangerous path in which violence subverts the will of Americans https://bloom.bg/4cXFNno
📷: Erin Schaff/The New York Times/Bloomberg
📷: Erin Schaff/The New York Times/Bloomberg
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Gold standard: Zimbabwe’s new central bank Governor John Mushayavanhu says he's building up the nation’s gold reserves to help support the ZiG currency. https://bloom.bg/3zIe8Zv
Green power: Five development-finance institutions are seeking a way to develop the world’s biggest electricity-generation project, the planned Grand Inga hydropower complex on the Congo river that’s been stalled for decades. https://bloom.bg/3W75E5v
Protests resume: Kenyan police used teargas to disperse crowds in some of the nation’s biggest cities, as protesters demanded the president step down. https://bloom.bg/3Sbg1nP
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
Green power: Five development-finance institutions are seeking a way to develop the world’s biggest electricity-generation project, the planned Grand Inga hydropower complex on the Congo river that’s been stalled for decades. https://bloom.bg/3W75E5v
Protests resume: Kenyan police used teargas to disperse crowds in some of the nation’s biggest cities, as protesters demanded the president step down. https://bloom.bg/3Sbg1nP
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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Visa regime: South Africa must fix a "hostile" work-permit system or sacrifice growth, the country’s new Home Affairs minister said, pledging to resolve a crisis that employers say limits investment. https://bloom.bg/3y1ssLV
Rates calls: African central banks set to decide on interest rates in the next three weeks are unlikely to follow the tide of global easing and maintain tight monetary policies, with one exception. https://bloom.bg/3Y7CR3j
Dollar planes: Businesses are flying planes full of US dollars into Zimbabwe several times a month, a sign of how far people will go to avoid the new ZiG currency. https://bloom.bg/3SdtpI5
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
Rates calls: African central banks set to decide on interest rates in the next three weeks are unlikely to follow the tide of global easing and maintain tight monetary policies, with one exception. https://bloom.bg/3Y7CR3j
Dollar planes: Businesses are flying planes full of US dollars into Zimbabwe several times a month, a sign of how far people will go to avoid the new ZiG currency. https://bloom.bg/3SdtpI5
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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Higher for longer: South Africa’s central bank keeps interest rates on hold, citing lingering concerns about inflation although some policymakers voted for a cut. https://bloom.bg/3zJPfwu
Protests ban: Kenya’s police warns anti-government protesters to stay out of the capital, Nairobi, citing a threat to security. https://bloom.bg/3Wrt2Mh
Hunger looms: More than half of Zimbabwe’s rural population faces food insecurity by the first quarter of next year after an El Nino-induced drought slashed crop output. https://bloom.bg/3LqXmk9
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
Protests ban: Kenya’s police warns anti-government protesters to stay out of the capital, Nairobi, citing a threat to security. https://bloom.bg/3Wrt2Mh
Hunger looms: More than half of Zimbabwe’s rural population faces food insecurity by the first quarter of next year after an El Nino-induced drought slashed crop output. https://bloom.bg/3LqXmk9
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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🎙 Nobel Peace Prize-winning economist Muhammad Yunus pioneered microcredit – giving tiny loans to the world’s poorest people. He now faces life imprisonment in Bangladesh. How did he get there?
Listen to the Big Take Asia podcast: https://link.podtrac.com/jxfy2rhy
Listen to the Big Take Asia podcast: https://link.podtrac.com/jxfy2rhy
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A series of technical glitches is disrupting services worldwide, from airlines to banks, after Microsoft reported an outage. Follow for live updates: https://bloom.bg/3WiwN5M
📷: David Paul Morris/Bloomberg
📷: David Paul Morris/Bloomberg
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Dedollarization: Zambia’s proposed ban on charging foreign currency in local transactions — punishable with 10-year jail terms — might defeat its own purpose, according to the IMF. https://bloom.bg/3Wr9QhV
GNU dawn: South African President Cyril Ramaphosa said his new multi-party administration will prioritize economic growth by tackling structural reform, fixing badly-run municipalities, cutting red tape and ramping up infrastructure investment. https://bloom.bg/3SaDmpK
Tech meltdown: Capitec Bank, South Africa’s biggest bank by number of customers, said it managed to restore all its banking services hours after a widespread global computer outage. https://bloom.bg/3LuEQXX
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
GNU dawn: South African President Cyril Ramaphosa said his new multi-party administration will prioritize economic growth by tackling structural reform, fixing badly-run municipalities, cutting red tape and ramping up infrastructure investment. https://bloom.bg/3SaDmpK
Tech meltdown: Capitec Bank, South Africa’s biggest bank by number of customers, said it managed to restore all its banking services hours after a widespread global computer outage. https://bloom.bg/3LuEQXX
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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Singapore's luxury boom is waning as China's ultra-rich scale back their spending on mansions and supercars. Now, residents are wondering if it's brought them any benefits.
That and more in this week's free Singapore Edition newsletter: https://bloom.bg/46c4cmV
📷: Edwin Koo/Bloomberg
That and more in this week's free Singapore Edition newsletter: https://bloom.bg/46c4cmV
📷: Edwin Koo/Bloomberg
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President Joe Biden has dropped out of the 2024 US presidential election and endorse Kamala Harris, following weeks of speculation about his fitness to run the country for another four years. Read our live blog for the latest: https://trib.al/v7TgRMy
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