Bloomberg

2024-02-27 18:12:28 Key rate surges: Nigeria’s central bank announced a supersized increase in interest rates to tackle runaway inflation and stem the collapse in the country’s currency, in its first policy meeting since July. https://bloom.bg/42VPcrR

Poaching on the rise: Rhino poachers have turned their attention to South Africa’s oldest state-run nature reserve where they killed 307 of the endangered animals last year. https://bloom.bg/3wtiulj

Chocolate costs: Cocoa prices are at an all-time high as production in West Africa declines. Now an EU regulation meant to stop deforestation threatens to push prices even higher. https://bloom.bg/3wx2A9E

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

2024-02-27 07:07:56 FREE TO READ: Why has heart disease gotten deadlier since the pandemic?

Join us as we answer your questions about Covid's long-term effects in our free live blog here: https://bloom.bg/49PnHCt Open / Comment

2024-02-27 06:48:45 Four years after the start of the pandemic, a disturbing pattern is emerging: Not only did the pandemic result in the most deaths in a century, but it also triggered a wave of deadly cardiovascular and metabolic illness. Scientists are still trying to figure out why. More here: https://bloom.bg/4bTkDqU

: Mario Tama/Getty Images Open / Comment

2024-02-26 15:59:06 Back to mining:  Christo Wiese, South Africa’s billionaire retail king, is returning to diamonds, hoping to realize a dream of unearthing "a big stone." https://bloom.bg/4bKbuAV

Operations resume: An oil field in western Libya and a natural gas link to Italy resume after a short halt, as protesters withdraw from the facilities following assurances from the government that their demands will be met. https://bloom.bg/3OYe5xn

African bonds: Zambia’s dollar debt jumps after its government said over the weekend that China and India, the last two nations needed to sign a deal to restructure Zambia’s debt, have done so. https://bloom.bg/49PBHwe

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

2024-02-26 06:31:57 An exodus of star anchors. Fawning coverage of India’s political leaders. Newsroom censoring of reporters who ask the government tough questions on the economy, public policy and conflict.

These are some of the changes journalists attribute to a management shakeup at New Delhi Television, which billionaire Gautam Adani acquired more than a year ago through a hostile takeover. Ahead of India’s national elections, NDTV has morphed into a government mouthpiece, according to current and former employees.

On the face of it, India still has a vibrant media. But to many journalists, leadership changes at NDTV and diluted coverage across India illustrate how Prime Minister Modi has effectively brought to heel a once-riotous media. Newsrooms are being reshaped, they say, by India’s richest press barons, many of whom are close to the ruling party and depend on millions of advertising dollars from the government. https://bloom.bg/3SV9jBW

: Siddharaj Solanki/Hindustan Times/Getty Images Open / Comment

2024-02-23 15:30:56 Washington is gambling that the Lobito corridor linking Congo, Zambia and Angola will provide the battery metals to power its green transition.

Read why a $2.3 billion rail project spanning three African countries is critical to Joe Biden’s plan to boost adoption of electric vehicles. https://bloom.bg/3I7mlqP

: Zinyange Auntony/Bloomberg Open / Comment

2024-02-23 08:03:50 Ten years after a Malaysia Airlines jet and its 239 occupants disappeared mysteriously, efforts to prevent a similar case have been painfully slow.

An industrywide push to rule out a similar case has been stymied by bureaucracy, financial pressure, and a debate about who should have ultimate control of the cockpit, according to years of regulatory amendments chronicling the process.

While the industry has saved hundreds of millions of dollars in equipment costs, there remains an ocean-sized hole in aviation’s safety protocols, meaning that a doomed passenger jet in a remote corner of the planet could remain hidden forever. Read why a passenger jet could vanish again. https://bloom.bg/3wzj6pv

: Chaideer Mahyuddin/AFP/Getty Images Open / Comment

2024-02-22 13:31:09 The world is losing its fight against malaria. And a single business decision taken more than 10 years ago has made things worse. A disease that has a devastating toll in Asia and Africa and is showing up in developed countries like the US.

Researchers blame changes to a Swiss company’s bed nets for a rise in cases thousands of miles away. Cheap, durable and easy to distribute, insecticide-coated bed nets have for more than two decades been a vital tool in managing the disease. They have been credited with preventing 68% of the cases between 2000 and 2015, according to the Bill & Melinda Gates Foundation.

But in the years since, something has gone badly wrong. Read the Big Take here: https://bloom.bg/48yVtLq

: Chau Luong Open / Comment

2024-02-22 10:55:12 Japanese stocks have reclaimed the historic peak reached over 34 years ago as global investors pour money into a country they’re betting has finally escaped deflation and is headed on a path of sustainable growth.

On Thursday, the Nikkei 225 closed at 39,098.68, finally breaching the previous record. The epic come-back — it took even longer than Wall Street’s recovery from the crash that sparked the Great Depression — marks a rebirth for Japan’s share market.

Back then, the nation’s equities had risen so far and so fast that there really was only one way to go: down. Read how Japan’s stocks rallied to a historic high not seen since 1989 in charts. https://bloom.bg/49DvpjD Open / Comment

2024-02-21 12:19:23 Finance and tech professionals are generally better paid in Hong Kong than in Singapore, according to a report from Bloomberg Intelligence.

Investment-banking analysts make an average of $92,149 a year in Hong Kong compared with $63,305 in Singapore. The trend extends to associates and roles in private banking, as well as tech jobs like app development. Read more on the salary data here: https://bloom.bg/4bLTfLq

: Paul Yeung/Bloomberg Open / Comment