BREAKING: Indian Prime Minister Narendra Modi wins crucial backing from two key allies in his coalition, allowing him to form a government. Read more here: https://trib.al/xQNNP1f
π49π’13β€12π€8π₯7π€©5π±3π€―2
Coalition talks: South Africaβs ANC begins talks with rivals to form a government of national unity after last month's elections failed to produce an outright winner.https://bloom.bg/4bMmnll
Identity surveillance: In Uganda, a digital ID system key to banking and voting is also being used to spy on citizens. https://bloom.bg/3KtKNnp
Taken hostage: US lawmakers accuse Nigeria of taking a Binance executive βhostageβ and urge President Joe Biden to help secure his release. https://bloom.bg/45buPbe
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Identity surveillance: In Uganda, a digital ID system key to banking and voting is also being used to spy on citizens. https://bloom.bg/3KtKNnp
Taken hostage: US lawmakers accuse Nigeria of taking a Binance executive βhostageβ and urge President Joe Biden to help secure his release. https://bloom.bg/45buPbe
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
π22π€5β€2π―2π’1
At the start of the year, Narendra Modi hailed the opening of a huge new Hindu temple as a once-in-a-millennium turning point in Indiaβs history.
But less than five months later, voters in that northern Indian district soundly rejected Modiβs party in national elections, part of a broader wave of discontent with his decade-long rule in relatively poorer parts of the country. Read how billionaire-friendly Modi was being punished by millions of poor voters: https://bloom.bg/3x762IO
π·: Hollie Adams/Bloomberg
But less than five months later, voters in that northern Indian district soundly rejected Modiβs party in national elections, part of a broader wave of discontent with his decade-long rule in relatively poorer parts of the country. Read how billionaire-friendly Modi was being punished by millions of poor voters: https://bloom.bg/3x762IO
π·: Hollie Adams/Bloomberg
π56π26π’11β€9π€7π―5π€―3π2π1
π¨ Here's how Narendra Modi lost his ironclad grip on India .
We saw this important story was resonating with our readers and have made it free. See the full depth of our reporting here: https://bloom.bg/3x762IO
π·: Rajesh Kumar Singh/AP
We saw this important story was resonating with our readers and have made it free. See the full depth of our reporting here: https://bloom.bg/3x762IO
π·: Rajesh Kumar Singh/AP
π29π17β€6π4π’4π€3π±1
No to coalition: South Africaβs leftist EFF says it wonβt join a government that includes the centrist DA and Freedom Front Plus parties, potentially derailing a proposal for a broad-based alliance to rule the country. https://bloom.bg/3Vw1DbB
Ghana bondholders: The West African nation's Eurobond holders need to accept more losses as the country works to restructure debt to match payments accepted by countries such as the UK and China, social-justice organizations said. https://bloom.bg/4bKoCFE
Port woes: The Port of Cape Town is urged to do better by the city that surrounds it after ranking last globally, even as South Africa's state-run logistics firm takes steps to improve performance. https://bloom.bg/4c70psU
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Ghana bondholders: The West African nation's Eurobond holders need to accept more losses as the country works to restructure debt to match payments accepted by countries such as the UK and China, social-justice organizations said. https://bloom.bg/4bKoCFE
Port woes: The Port of Cape Town is urged to do better by the city that surrounds it after ranking last globally, even as South Africa's state-run logistics firm takes steps to improve performance. https://bloom.bg/4c70psU
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
β€14π10π€3
Once touted as the "CBD of the East," a prime Singapore business hub is rapidly losing tenants. Is the city on the cusp of another seismic change?
Read more in this week's free Singapore Edition newsletter: https://bloom.bg/3KvNZPH
π·: Aparna Nori/Bloomberg
Read more in this week's free Singapore Edition newsletter: https://bloom.bg/3KvNZPH
π·: Aparna Nori/Bloomberg
β€34π23π€13π±11π8π8π―1
Appleβs push into artificial intelligence sets the stage for AR glasses, home robots and other next-generation Apple technology. Read more in Mark Gurman's free Power On newsletter here: https://bloom.bg/3XieWhq
π·: David Paul Morris/Bloomberg
π·: David Paul Morris/Bloomberg
π20π€©12β€8π€8π6π’3
Diamond deals: Botswana is in talks over increasing its shareholding in De Beers, as Anglo American prepares to end its almost century-long relationship with the iconic diamond producer. https://bloom.bg/4e7TLV4
Kenya listing drought: The Nairobi Securities Exchange aims to secure its first stock listing since 2020, helped by a rebound in shares after a two-year slide that wiped more than 50% off the main index and discouraged companies from coming to the market. https://bloom.bg/3VAPXo4
Russia-Ukraine war: The Kremlin has forced thousands of African migrants and foreign students to fight alongside Russian troops in its war against Ukraine, according to assessments from European officials. https://bloom.bg/4ejp3s7
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
Kenya listing drought: The Nairobi Securities Exchange aims to secure its first stock listing since 2020, helped by a rebound in shares after a two-year slide that wiped more than 50% off the main index and discouraged companies from coming to the market. https://bloom.bg/3VAPXo4
Russia-Ukraine war: The Kremlin has forced thousands of African migrants and foreign students to fight alongside Russian troops in its war against Ukraine, according to assessments from European officials. https://bloom.bg/4ejp3s7
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
π27β€8π€8π4π€―1
Malawi crash: Malawian Vice President Saulos Chilima, who was a potential candidate for the top job in next yearβs elections, was killed in a plane crash, the nationβs leader said. https://bloom.bg/3RopVSq
Supreme court petition: Former South African President Jacob Zumaβs party petitions the Constitutional Court to stop parliament from convening, just days before legislators are scheduled to elect the president. https://bloom.bg/4cdD0pR
EV spurned: Volkswagen and Isuzu are skeptical about South Africaβs plans to develop electric and hydrogen-powered vehicle industries. https://bloom.bg/3VhMiKr
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Supreme court petition: Former South African President Jacob Zumaβs party petitions the Constitutional Court to stop parliament from convening, just days before legislators are scheduled to elect the president. https://bloom.bg/4cdD0pR
EV spurned: Volkswagen and Isuzu are skeptical about South Africaβs plans to develop electric and hydrogen-powered vehicle industries. https://bloom.bg/3VhMiKr
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
π±14π€9β€5π3π’1
BREAKING: Hunter Biden is found guilty on federal gun charges, becoming the first child of a sitting US president to be convicted of crimes. Read more here: https://trib.al/JEjUQjZ
β£
π·: Anna Moneymaker/Getty Imagesβ£
β£
π·: Anna Moneymaker/Getty Imagesβ£
π107π35π±20π10π’8β€7π7π€6π€©4
Hong Kong's property market has lost $270 billion in value in the last five years, the longest downturn since the early 2000s. Homeowners are now increasingly contemplating what once was unthinkable β selling at a loss.
Read the full story here: https://bloom.bg/3KD78PN
π·: Lam Yik/Bloomberg
Read the full story here: https://bloom.bg/3KD78PN
π·: Lam Yik/Bloomberg
π42β€10π’6π₯3π€3π2π―2π1
π A new breed of scammer is targeting ultra-rich families in Singapore and Hong Kong.
On the Big Take Asia podcast, we track how https://link.podtrac.com/jxfy2rhy
On the Big Take Asia podcast, we track how https://link.podtrac.com/jxfy2rhy
β€14π8π₯8π4π’4
Creditor pact: Ghana reached a deal with creditors formalizing debt treatment plans agreed in January, which will open the way for the disbursement of aid from the International Monetary Fund. https://bloom.bg/4c9nStK
Crypto laws: Zimbabwe asks for public input on cryptoasset operations as it works on regulatory policy for the sector. https://bloom.bg/4cj2gec
Solar boost: Repairs to South Africaβs coal-fired power stations that have helped the state utility avoid debilitating blackouts for three months straight is giving solar installers an unintended break. https://bloom.bg/4bYEFQc
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Crypto laws: Zimbabwe asks for public input on cryptoasset operations as it works on regulatory policy for the sector. https://bloom.bg/4cj2gec
Solar boost: Repairs to South Africaβs coal-fired power stations that have helped the state utility avoid debilitating blackouts for three months straight is giving solar installers an unintended break. https://bloom.bg/4bYEFQc
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
π29β€9π€6
When Apple CEO Tim Cook and his top deputies this week unveiled a landmark arrangement with OpenAI to integrate ChatGPT into the iPhone, iPad and Mac, they were mum on the financial terms.
Apple isnβt paying OpenAI as part of the partnership, sources say. Find out how the partnership is expected to generate meaningful revenue for either party: https://bloom.bg/3KEXdZI
π·: David Paul Morris/Bloomberg
Apple isnβt paying OpenAI as part of the partnership, sources say. Find out how the partnership is expected to generate meaningful revenue for either party: https://bloom.bg/3KEXdZI
π·: David Paul Morris/Bloomberg
β€48π23π€20π₯4π€―3π€©3π’1
Crypto charges: Binance said Nigerian authorities have dropped some criminal charges against an executive at the worldβs biggest crypto exchange who has been imprisoned in the country since April. https://bloom.bg/4bWxQPp
Presidential election: South African political leaders agreed to a broad alliance to form the next government and back the reelection of Cyril Ramaphosa as president after a shock election result left the nation without a majority party. https://bloom.bg/3RrJUQu
AI farming: In its first test in Malawi, AI is helping smallholder farmers treat pigs and kill weevils that are destroying their crops. https://bloom.bg/3VlVYnn
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Presidential election: South African political leaders agreed to a broad alliance to form the next government and back the reelection of Cyril Ramaphosa as president after a shock election result left the nation without a majority party. https://bloom.bg/3RrJUQu
AI farming: In its first test in Malawi, AI is helping smallholder farmers treat pigs and kill weevils that are destroying their crops. https://bloom.bg/3VlVYnn
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
β€20π12π€2π2π±1
Scammers are targeting ultra-wealthy clans with fake family offices. Read about the measures they're taking to protect themselves in this week's free Singapore Edition newsletter: https://bloom.bg/3VqFR81
π·: Anthony Wallace/AFP/Getty
π·: Anthony Wallace/AFP/Getty
π36π’7π€6β€5π4π3π2π€―1
Singapore closes beaches on the popular resort island and wealthy expat haven of Sentosa following an oil spill caused by one vessel hitting another at a nearby port. More here: https://bloom.bg/3yZ9R3b
π·: David Ramli/Bloomberg
π·: David Ramli/Bloomberg
π’86π23π±18π€―7π6π€4β€3π3π1
Cabinet battle: The tussle over cabinet positions has begun in South Africa, with the bulk of posts in the so-called government of national unity expected to go to officials from the ANC and the Democratic Alliance. https://bloom.bg/4b7ybx9
Nigeria exit: As US and Europe-based multinationals flee the West African nation, Asian and local companies are stepping in to fill the void. https://bloom.bg/3VwJZmO
European funding: The UK governmentβs development-finance arm is providing its first support for renewable energy in Tanzania. https://bloom.bg/45uUbB2
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
Nigeria exit: As US and Europe-based multinationals flee the West African nation, Asian and local companies are stepping in to fill the void. https://bloom.bg/3VwJZmO
European funding: The UK governmentβs development-finance arm is providing its first support for renewable energy in Tanzania. https://bloom.bg/45uUbB2
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
π26β€6π€4
Global investors are piling into India's $1.3 trillion of sovereign debt as they rush to find alternatives to China and Russia. Read The Big Take here: https://bloom.bg/3XvEqrM
π·: Γlvaro Bernis
π·: Γlvaro Bernis
π48β€12π10π±1
Presidential inauguration: Cyril Ramaphosa is sworn in for another term as South Africaβs president, after elections stripped the ANC of its parliamentary majority and forced it into a power-sharing alliance with long-time rivals. https://bloom.bg/3VOhHpo
Deadly disease: Nigeria issues a public health warning after a "highly aggressive and contagiousβ cholera strain killed 15 people in Lagos. https://bloom.bg/4bbVdDp
Stake sale: Eni is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be worth about $1.1 billion, sources say. https://bloom.bg/3KQ1JVt
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
Deadly disease: Nigeria issues a public health warning after a "highly aggressive and contagiousβ cholera strain killed 15 people in Lagos. https://bloom.bg/4bbVdDp
Stake sale: Eni is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be worth about $1.1 billion, sources say. https://bloom.bg/3KQ1JVt
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now β and where itβs headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
π22π€8β€5π2π’1