International schools: Elite British schools like Harrow and Wellington are bringing glitzy campuses and an international curriculum to India's rich as Chinese growth prospects sour. https://tinyurl.com/yvdsshnj

New processor: Just ahead of Halloween, Apple is set to unveil the M3 chip line, new MacBook Pros and an updated iMac at a “Scary Fast”-themed event. https://tinyurl.com/7422nu5r

Qatar's clout put to test: The crisis in Gaza — with Israel launching a ground invasion — has now become the ultimate test of Qatar’s ability to show its Western allies they need it as much as it needs them. https://tinyurl.com/bde76x6b

Israel-Hamas war intensifies: Israel’s military widened its ground offensive in Gaza, saying it killed dozens of Hamas militants overnight and describing the invasion as "advancing gradually and to plan". https://bloom.bg/3QeT6WJ

South Africa budget challenges: South African Finance Minister Enoch Godongwana scrambles to rework budget amid lower tax revenue and ruling party demands for increased spending ahead of next year's elections. https://bloom.bg/3tSAKn4

Equities over bonds: South African equities are a better bet for investors than its bonds despite yields that are among the highest in emerging markets, according to Allan Gray, one of the country’s largest asset managers. https://bloom.bg/40ivrJI

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.

Singapore’s luxury housing deals are drying up as one of the nation’s largest-ever money laundering scandals weighs on the market.

High-end bungalow sales are set for their worst year in nearly a decade with just eight sold as of the end of September, according to data compiled by Knight Frank.

The transaction drought follows money laundering investigations into a group of people of Chinese origin, significant tax hikes on foreign buyers and rising interest rates. Read how rental demand for mansions that once hit S$150,000 ($110,000) a month have cooled as the wealthy think twice about flashy homes in the city-state. https://trib.al/M6zL32b

Eskom $1.2 billion loss: South Africa’s struggling power utility reported a 23.9 billion-rand ($1.2 billion) annual loss after subjecting the country to record electricity outages. https://bloom.bg/46TxaaI

Naira drops 26%: The naira weakened 26% against the dollar on the official market, touching its lowest closing price on record amid an acute local shortage of the greenback in Africa’s most-populous nation. https://bloom.bg/3u0FGGi

US pressures Uganda over anti-LGBTQ laws: The US terminated Uganda’s preferential trade status, the latest in a series of punitive measures against the East African nation over its draconian anti-LGBTQ laws.https://bloom.bg/3Mnzgr7

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.

Festive boom: India's festive season spending is booming — with consumers splurging on cars, smartphones and TVs — buoying growth in one of the world's fastest growing economies. https://tinyurl.com/26pxbzuf

Billions from water: China’s richest man Zhong Shanshan built a fortune that's outpaced the founders of TikTok and Alibaba by bottling water from pristine areas. It's a business model with growing environmental tensions. https://tinyurl.com/258kd97b

New excitement: Hedge funds are now obsessed with what was once among the sleepiest corners of finance: Treasury bonds. Read The Big Take. https://tinyurl.com/4vhwc4yx

Transnet Rail Reform: The South African state-owned freight company established a unit that will manage and operate its rail network, a key step in reviving the utility’s performance and opening up the market to private investors. https://bloom.bg/3QoyETo

South Africa $1.3 Billion Wage Deal: South Africa’s finance minister will honor an over-budget wage increase for public servants despite fiscal constraints, while also looking at proposals to downsize government. https://bloom.bg/3FEo8Cy

China-Zimbabwe Investment: Chinese companies, mostly in mining and energy, were awarded licenses in the third quarter that could see $2.79 billion of investment flow into Zimbabwe. https://bloom.bg/3FEyHpl

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.

Work-life balance: Singapore’s wealthy are the least satisfied with their current work-life balance when compared with their peers in other parts of Asia Pacific, a survey finds https://trib.al/G2azV2p

Big Take: Your iPhone is probably made by Foxconn. Nintendo Switch? Foxconn. Kindle? Foxconn. And the $222 billion electronics giant is now betting it can build EVs too https://trib.al/JkvjnVb

India Edition: Hundreds of thousands of private companies in India have been put on notice. Bloomberg's Menaka Doshi writes on India's new rules to out shell entities https://trib.al/PesgZoT

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.

Eskom's coal pollution fatalities: The South African state power utility says 330 people die a year from pollution at its coal-fired plants that supply more than 80% of the country’s power. https://bloom.bg/47dydCm

Japan enters Africa startup sector: SBI Holdings, a Japanese venture capital group, plans to raise $80 million for Novastar Ventures to tap Africa for investment opportunities in startups. https://bloom.bg/46XEMco

Egypt may hold rates on war: The North African nation looks set to hold interest rates again as the latest Middle Eastern conflict on its borders gives the economically troubled country a further reason to tread carefully.  https://bloom.bg/3FFI4VN

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.

Sam Bankman-Fried was convicted of a massive fraud that led to the collapse of his FTX exchange, following a monthlong trial that pitted the testimony of the former crypto king against that of some of his closest friends.

Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours. More here: https://bloom.bg/45Z3gAO

China woes: Apple's disappointing holiday-quarter outlook has cast a spotlight on its mounting problems in China, where the iPhone maker is struggling with the unexpected rise of Huawei and an increasingly hostile business environment. https://tinyurl.com/2vybev8p

World's most toxic air: Children in New Delhi will skip school for the rest of this week as the government enforced emergency measures to protect the youngest from off-the-charts toxic air. https://tinyurl.com/atnyvkr6

Exclusive: Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League, cricket’s most lucrative event, following a string of investments that have upended professional sports including football and golf. https://tinyurl.com/2ed637xv

Watch: In the mini-documentary How the US Can Rival China in Africa, we show how the energy transition is fueling a new struggle between Washington and Beijing. https://tinyurl.com/ms9n2wct

US and Africa trade: The US will aim to ensure that its preferential trade pact with Africa is replaced without interruption when it expires in two-year’s time, while bringing it up to date. https://bloom.bg/3QGhnqf

Top South Africa bank praises budget cuts: Standard Bank praised the South African government’s decision to pare back spending in this week’s budget update, while calling for the speedier implementation of reforms to kick-start economic growth. https://bloom.bg/3SrPNhQ

Skype, Flutterwave founders back African tech fund: Norrsken, an Africa-focused venture capital firm, received the backing of more than 30 unicorn founders and institutions to raise $205 million for new tech investments on the continent. https://bloom.bg/3QqPi4Y

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.

India has long been a home for Asia’s top billionaires, but a new class of wealthy entrepreneurs, executives and dealmakers are now broadening the country's luxury market.

Every year, fresh private members clubs are opening in Mumbai, a city with more people worth $100 million than Monaco, and as many billionaires as Singapore. As China’s growth plateaus and Beijing cracks down on its billionaire class, India is positioning itself as Asia’s next hot spot for luxury spending.

“Luxury is no longer limited to a niche set of the super wealthy,” says Vijay KG, founder of luxury shop Luxepolis. “Everyone wants a piece.” Read more about the rise in conspicuous consumption in one of the world’s fastest-growing countries for people with $100 million in wealth. https://trib.al/fw424T1

In Lakhneke, a village in Pakistan’s eastern Punjab province, tangled wires hang from a power line, a tell-tale sign of electricity theft — a problem that’s costing the South Asian nation nearly a billion dollars a year.

These illegal connections are now the target of an extensive crackdown as the government tries to steer the economy out of crisis. Read to learn how the measures risk stoking widespread public anger in a country already on edge following the ouster and arrest of Imran Khan, the former prime minister and national cricket hero. https://trib.al/AlkDHZ6

Jacinda Ardern, who is in Singapore to award the Earthshot Prize, speaks on Bloomberg TV on technology's role in tackling climate change.

Bloomberg LP and Bloomberg Philanthropies are members of the alliance backing the Earthshot Prize https://trib.al/vbpGfWS

In the chawls of Mumbai you can rent a home for as little as $1 a month. But as India's financial capital changes, one of the city’s most important forms of affordable housing is disappearing.

Century-old buildings are earmarked for demolition as Mumbai undergoes rapid development, signaling two transformative trends: the disappearance of affordable housing from Mumbai’s downtown, where chawls are overwhelmingly concentrated, and the end of its tradition of mingling the rich and poor in the same tight-knit neighborhoods.

Read to see how chawls helped make Mumbai a megacity. https://trib.al/3YuwSdj

Biggest rally since 2020: South Korean stocks surged following the nation’s move to reimpose a full ban on short-selling for about eight months. https://trib.al/Tt1dO9f

Asia in focus: Blackstone expects India and Japan to be its most active markets in Asia next year based on capital allocation, according to the firm’s head of private equity. https://trib.al/iljqaAK

AI pioneer: A Chinese startup founded by computer scientist Kai-Fu Lee has become a unicorn in less than eight months on the strength of a new open-source artificial-intelligence model that outstrips Silicon Valley’s best, on at least certain metrics. https://shorturl.at/hjzP9

Jacinda Ardern, who is in Singapore to award the Earthshot Prize, says the responsibility of tackling climate change shouldn't rest on world leaders alone.

Bloomberg LP and Bloomberg Philanthropies are members of the alliance backing the Earthshot Prize https://trib.al/ZWnjuDL

South Africa needs skilled workers fast. But Cyril Ramaphosa's government stands accused of moving too slowly to hand out visas to outsiders.

It can almost take almost a year to win work and residence permits. Many applicants either "give up or go somewhere else," says one top former official.

The problem is so acute it’s driving some foreign investors out of one of the world’s most unequal nations.

Read more: https://bloom.bg/3Ss31ee

And watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz

An abrupt decision to end fuel subsidies is both jump-starting a solar future and making electricity more expensive in Lagos, Nigeria.

A federal law passed in June paves the way for the work to start in providing all of Lagos residents with reliable electricity by the end of 2036.

If all proceeds according to plan, fossil fuel generators will go from the city’s main source of power today to total elimination.

Read more: https://bloom.bg/40ujQaH

And watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz

Rockstar Games plans to announce the next highly anticipated Grand Theft Auto game as early as this week, sources say.

The company, a division of Take-Two Interactive Software, plans to then publish a trailer for Grand Theft Auto VI next month to celebrate Rockstar’s 25th anniversary, said the people, who asked to not be identified because they weren’t authorized to speak publicly.

No video game has driven more fervor from fans and investors than Grand Theft Auto VI, which is expected to be one of the most significant entertainment releases of the decade. https://trib.al/w5kH5fN