Miles underwater: India is building its first manned submersible to study the deep sea and conduct a biodiversity assessment, an announcement that comes days after the country successfully landed a spacecraft near the moon’s south pole. https://tinyurl.com/4u7a4z69
Airplane troubles: A backup plane and spare parts are en route to India for Canadian Prime Minister Justin Trudeau, who is stranded along with his country’s delegation at the G-20 after the plane they arrived on broke down. https://tinyurl.com/ydjvmwyz
Rare meeting: North Korea's Kim Jong Un crossed into Russia in a luxury armored train ahead of a summit with Vladimir Putin that the US said would focus on supplying weapons for Moscow’s war on Ukraine. https://tinyurl.com/3ryz7467
Airplane troubles: A backup plane and spare parts are en route to India for Canadian Prime Minister Justin Trudeau, who is stranded along with his country’s delegation at the G-20 after the plane they arrived on broke down. https://tinyurl.com/ydjvmwyz
Rare meeting: North Korea's Kim Jong Un crossed into Russia in a luxury armored train ahead of a summit with Vladimir Putin that the US said would focus on supplying weapons for Moscow’s war on Ukraine. https://tinyurl.com/3ryz7467
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☀️🇮🇳 WATCH: From electrifying public transport to solar rooftops, India is throwing everything it can at its energy problem.
Here's how▶️ https://trib.al/hEqAjFx
Here's how▶️ https://trib.al/hEqAjFx
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The G-20 summit in New Delhi has finally drawn to a close for Justin Trudeau.
The Canadian prime minister was left stranded along with his delegation after a technical glitch grounded his plane. Two days later, the fault has been resolved and Trudeau is finally in the air, according to sources.
It marks the end of a turbulent visit for Trudeau, who was criticized by Indian Prime Minister Narendra Modi for allegedly allowing the "anti-India activities of extremist elements in Canada." https://trib.al/mEdpgrI
The Canadian prime minister was left stranded along with his delegation after a technical glitch grounded his plane. Two days later, the fault has been resolved and Trudeau is finally in the air, according to sources.
It marks the end of a turbulent visit for Trudeau, who was criticized by Indian Prime Minister Narendra Modi for allegedly allowing the "anti-India activities of extremist elements in Canada." https://trib.al/mEdpgrI
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Morocco quake deaths reach 2,800: Morocco’s government pledged to help survivors of the earthquake that killed more than 2,800 people, including financial assistance for the reconstruction of homes and schools. https://bloom.bg/3LHUKPt
Top Congo journalist detained: One of Democratic Republic of Congo’s most-prominent journalists was detained by police amid an investigation into the assassination of a top opposition politician, according to an association representing reporters for France’s Jeune Afrique. https://bloom.bg/3raXTjy
Deadly floods in Eastern Libya: Emergency workers uncovered hundreds of bodies as they dug through the wreckage of Libya’s eastern city of Derna on Tuesday, and 10,000 people were reported still missing after floodwaters broke through dams and smashed through the city, washing away entire neighborhoods. https://bloom.bg/3PzCSIx
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.
Top Congo journalist detained: One of Democratic Republic of Congo’s most-prominent journalists was detained by police amid an investigation into the assassination of a top opposition politician, according to an association representing reporters for France’s Jeune Afrique. https://bloom.bg/3raXTjy
Deadly floods in Eastern Libya: Emergency workers uncovered hundreds of bodies as they dug through the wreckage of Libya’s eastern city of Derna on Tuesday, and 10,000 people were reported still missing after floodwaters broke through dams and smashed through the city, washing away entire neighborhoods. https://bloom.bg/3PzCSIx
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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Vladimir Putin and Kim Jong Un shake hands at a Russian space center ahead of their first summit in four years.
The US has said that Kim and Putin are likely to discuss North Korea providing artillery and rockets to Russia for its war in Ukraine. Kim may be looking for food aid and technology to support his plans to deploy a nuclear-powered submarine and spy satellites. https://trib.al/q3KcsLZ
The US has said that Kim and Putin are likely to discuss North Korea providing artillery and rockets to Russia for its war in Ukraine. Kim may be looking for food aid and technology to support his plans to deploy a nuclear-powered submarine and spy satellites. https://trib.al/q3KcsLZ
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Apple has revealed its newest iPhones.
Bloomberg's Ed Ludlow went hands on with the iPhone 15 Pro, featuring USB-C, improved cameras and a titanium body. Read more: https://trib.al/UyBdymA
Bloomberg's Ed Ludlow went hands on with the iPhone 15 Pro, featuring USB-C, improved cameras and a titanium body. Read more: https://trib.al/UyBdymA
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Hiding funds: One of India’s hottest tech companies, Byju’s, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami. https://tinyurl.com/3uba8vw8
Stranded ship: A luxury cruise ship carrying 206 passengers — primarily Australians — has run aground in remote northeastern Greenland, with the closest vessel available to help with rescue efforts only expected to reach the scene on Friday. https://tinyurl.com/2h628y98
Fading China dream: Falling salaries, no business travel and disappearing perks are hurting bankers and tech workers in China's biggest cities. That puts Xi Jinping’s campaign to revive economic growth at risk. https://tinyurl.com/y9hswmwx
Stranded ship: A luxury cruise ship carrying 206 passengers — primarily Australians — has run aground in remote northeastern Greenland, with the closest vessel available to help with rescue efforts only expected to reach the scene on Friday. https://tinyurl.com/2h628y98
Fading China dream: Falling salaries, no business travel and disappearing perks are hurting bankers and tech workers in China's biggest cities. That puts Xi Jinping’s campaign to revive economic growth at risk. https://tinyurl.com/y9hswmwx
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Death toll from Libya floods, Morocco quake: About 8,000 people have died and thousands more are injured or missing in the disasters that struck the two North African nations of Morocco and Libya within days of each other. Aid efforts are being hampered by political complications. https://bloom.bg/3RkOcJX
South African unions threaten strike: South Africa’s largest labor union federation is threatening to go on strike if the government backs proposed austerity measures, which could include a U-turn on a public sector wage agreement. https://bloom.bg/467GKG9
Niger Junta ends military deal with Benin: Niger’s ruling junta ended military cooperation with neighboring Benin after it backed a West African force to reverse the country’s July 26 coup. https://bloom.bg/3r59MYr
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.
South African unions threaten strike: South Africa’s largest labor union federation is threatening to go on strike if the government backs proposed austerity measures, which could include a U-turn on a public sector wage agreement. https://bloom.bg/467GKG9
Niger Junta ends military deal with Benin: Niger’s ruling junta ended military cooperation with neighboring Benin after it backed a West African force to reverse the country’s July 26 coup. https://bloom.bg/3r59MYr
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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Sydney ranked in the top five most polluted cities in the world for air quality, as planned hazard reduction burns blanketed parts of the city in thick smoke.
The city experienced worse air quality than New Delhi and Beijing, according to IQAir air quality rankings. Local authorities say that the toxic smoke is expected to clear over the weekend. https://trib.al/NIOAUYp
The city experienced worse air quality than New Delhi and Beijing, according to IQAir air quality rankings. Local authorities say that the toxic smoke is expected to clear over the weekend. https://trib.al/NIOAUYp
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Renewed push: Tesla is planning to source as much as $1.9 billion worth of auto components from India this year, the country's commerce minister says. https://tinyurl.com/2fmkfudh
Deadly virus: India is on high alert after a resurgence of the potentially deadly Nipah virus, which has killed at least two people in recent days and sparked the testing of hundreds more in southern Kerala state. https://tinyurl.com/2p8kedjx
Stake sale: The sale of a stake in Pharma company Cipla is in jeopardy as potential buyers have balked at the $13 billion valuation members of the founding family are targeting for the Indian firm in a deal, sources say. https://tinyurl.com/4mbyuf2f
Deadly virus: India is on high alert after a resurgence of the potentially deadly Nipah virus, which has killed at least two people in recent days and sparked the testing of hundreds more in southern Kerala state. https://tinyurl.com/2p8kedjx
Stake sale: The sale of a stake in Pharma company Cipla is in jeopardy as potential buyers have balked at the $13 billion valuation members of the founding family are targeting for the Indian firm in a deal, sources say. https://tinyurl.com/4mbyuf2f
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Egypt presidential vote: Egypt is considering holding presidential elections before the end of 2023, sources say, an earlier than expected date as the country grapples with its worst economic crisis in years. https://bloom.bg/3Rn0UrJ
Libya, Morocco death toll nears 9,000: Rescuers waded in waist deep water in Libya and dug through crumbled mud brick buildings in Morocco in search of survivors after dual natural disasters over the weekend left at least 9,000 people dead. https://bloom.bg/3rj8ybR
South Africa told to boost beach safety: An eastward shift by one of the world’s biggest populations of great white sharks is increasing the need for safety measures on South African beaches where bathers aren’t used to the presence of the predators. https://bloom.bg/3Zg3i5m
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.
Libya, Morocco death toll nears 9,000: Rescuers waded in waist deep water in Libya and dug through crumbled mud brick buildings in Morocco in search of survivors after dual natural disasters over the weekend left at least 9,000 people dead. https://bloom.bg/3rj8ybR
South Africa told to boost beach safety: An eastward shift by one of the world’s biggest populations of great white sharks is increasing the need for safety measures on South African beaches where bathers aren’t used to the presence of the predators. https://bloom.bg/3Zg3i5m
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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A bite-size sandwich has been added to Subway menus in Pakistan as the country grapples with soaring inflation.
The three-inch sub, launched with with little fanfare last month, is the global chain's first mini version.
Pakistan is struggling with Asia’s fastest inflation, and many restaurants have increased prices or reduced quantities. A spokesperson for Subway said it provides "value" to Pakistani customers. https://trib.al/kqfhqOR
📷: Instagram
The three-inch sub, launched with with little fanfare last month, is the global chain's first mini version.
Pakistan is struggling with Asia’s fastest inflation, and many restaurants have increased prices or reduced quantities. A spokesperson for Subway said it provides "value" to Pakistani customers. https://trib.al/kqfhqOR
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New backing: Total Energies is in talks to invest in Adani Green's renewable energy projects, sources say, potentially marking the first public deal between the French oil giant and Gautam Adani since Hindenburg’s fraud allegations. https://tinyurl.com/4fbnh63b
Pushing local: Xiaomi supplier Dixon is set to open a massive new factory on the outskirts of New Delhi, as India pushes Chinese tech firms to use local assembly partners. https://tinyurl.com/4nd32cud
Controversial temple: Indian Prime Minister Narendra Modi is poised to open a Hindu temple in January where a centuries-old mosque once stood, achieving a pledge made by his nationalist party and that’s now aimed at reinvigorating his base ahead of elections next year. https://tinyurl.com/2p8yuufw
Pushing local: Xiaomi supplier Dixon is set to open a massive new factory on the outskirts of New Delhi, as India pushes Chinese tech firms to use local assembly partners. https://tinyurl.com/4nd32cud
Controversial temple: Indian Prime Minister Narendra Modi is poised to open a Hindu temple in January where a centuries-old mosque once stood, achieving a pledge made by his nationalist party and that’s now aimed at reinvigorating his base ahead of elections next year. https://tinyurl.com/2p8yuufw
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African central banks set to hold rates: African central banks meeting in the next three weeks are mostly set to hold interest rates while leaving hikes on the table, amid risks to their currencies from higher borrowing costs in advanced economies and their own domestic challenges. https://bloom.bg/3Lkwd2I
Zambia, China agree on local currency use: Zambia and China agreed to encourage greater use of their own currencies in trade and investment, after a meeting in Beijing between Presidents Xi Jinping and Hakainde Hichilema. https://bloom.bg/3Lp2MMI
Nigeria fraud claims cost Olam: Olam Group shares tumbled the most in more than a decade this week following fraud allegations in Nigeria, adding to a year of setbacks for the company that includes a profit slump and IPO delay. https://bloom.bg/3sUP2Db
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.
Zambia, China agree on local currency use: Zambia and China agreed to encourage greater use of their own currencies in trade and investment, after a meeting in Beijing between Presidents Xi Jinping and Hakainde Hichilema. https://bloom.bg/3Lp2MMI
Nigeria fraud claims cost Olam: Olam Group shares tumbled the most in more than a decade this week following fraud allegations in Nigeria, adding to a year of setbacks for the company that includes a profit slump and IPO delay. https://bloom.bg/3sUP2Db
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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- Fading housing rally
- Drop in wages
- Taiwan
Here are some of the top stories from China this week https://trib.al/bsVqVRX
- Drop in wages
- Taiwan
Here are some of the top stories from China this week https://trib.al/bsVqVRX
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Frothy market: Stocks euphoria in India has top-performing fund manager wary as a $790 billion rally since late March rambles on. https://tinyurl.com/3kx9zdca
Doubling investments: Apple partner Foxconn plans to double its investment and employment in India, highlighting an accelerating manufacturing shift away from China as Washington-Beijing tensions grow. https://tinyurl.com/5afpujp4
Spy detectors: Chinese President Xi Jinping's obsession to repel perceived foreign threats to Communist Party rule is turning ordinary citizens into spy hunters. https://tinyurl.com/2bhen49x
Free to read: Looking for insightful commentary and in-depth analyses on India? Sign up here [ https://bloom.bg/3qEX2rh ] for our weekly newsletter to stay updated with the latest reportage on billionaires and businesses behind its rise.
Doubling investments: Apple partner Foxconn plans to double its investment and employment in India, highlighting an accelerating manufacturing shift away from China as Washington-Beijing tensions grow. https://tinyurl.com/5afpujp4
Spy detectors: Chinese President Xi Jinping's obsession to repel perceived foreign threats to Communist Party rule is turning ordinary citizens into spy hunters. https://tinyurl.com/2bhen49x
Free to read: Looking for insightful commentary and in-depth analyses on India? Sign up here [ https://bloom.bg/3qEX2rh ] for our weekly newsletter to stay updated with the latest reportage on billionaires and businesses behind its rise.
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Paid nannies for up to six years, cab rides for pregnant women and extended WFH for one year.
From HSBC to Citi, global banks are expanding maternity benefits in India to attract and retain their female employees. Read how: https://trib.al/2XGwYQI
From HSBC to Citi, global banks are expanding maternity benefits in India to attract and retain their female employees. Read how: https://trib.al/2XGwYQI
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Congo coup: The Republic of Congo’s government denied speculation on social media that there had been a coup in the central African nation. https://bloom.bg/46f61OV
Prosus CEO: Prosus and Naspers CEO Bob van Dijk stepped down as the head of the tech investing group after removing a complicated shareholder structure that he had set up. https://bloom.bg/3ZjYdcv
New law: South Africa released a draft law that will facilitate the creation of a holding company to house struggling power utility Eskom rail and port operator Transnet. https://bloom.bg/3ZjYdcv
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.
Prosus CEO: Prosus and Naspers CEO Bob van Dijk stepped down as the head of the tech investing group after removing a complicated shareholder structure that he had set up. https://bloom.bg/3ZjYdcv
New law: South Africa released a draft law that will facilitate the creation of a holding company to house struggling power utility Eskom rail and port operator Transnet. https://bloom.bg/3ZjYdcv
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.
Bloomberg.com
Congo Republic Government Denies Speculation of Military Coup
The Republic of Congo’s government denied speculation on social media that there had been a coup in the central African nation.
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Wagner-linked miner: A Sudanese gold mining company linked to the Russian mercenary Wagner Group has suspended operations because of conflict in the North African nation. https://bloom.bg/3raN417
Libya protests: Protests erupted in the Libyan town of Derna, as rage over officials’ preparation for and response to a storm that left more than 10,000 people dead or missing deepen political tensions in the country. https://bloom.bg/3rigpXd
Africa's great migration: Usawa Camp in the Serengeti takes the mobile lodge concept—in which tents get packed up and moved to new locations daily—from bare-bones to ultra-luxe. https://bloom.bg/3Lvgs8Z
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.
Libya protests: Protests erupted in the Libyan town of Derna, as rage over officials’ preparation for and response to a storm that left more than 10,000 people dead or missing deepen political tensions in the country. https://bloom.bg/3rigpXd
Africa's great migration: Usawa Camp in the Serengeti takes the mobile lodge concept—in which tents get packed up and moved to new locations daily—from bare-bones to ultra-luxe. https://bloom.bg/3Lvgs8Z
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.
Bloomberg.com
Wagner-Linked Gold Miner in Sudan Halts Operations Over Conflict
A Sudanese gold mining company linked to the Russian mercenary Wagner Group has suspended operations because of conflict in the North African nation.
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Negotiations with Tesla about a potential investment are ongoing, says outgoing President Joko Widodo, who notes Indonesia is also attracting interest from BYD.
“We are open and clearly they are interested because Indonesia’s nickel reserves are the No. 1 largest in the world”. Read more from the interview here: https://trib.al/xKhfZoX
“We are open and clearly they are interested because Indonesia’s nickel reserves are the No. 1 largest in the world”. Read more from the interview here: https://trib.al/xKhfZoX
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