Bloomberg

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

2024-02-19 11:22:13 A former government minister from Bangladesh has amassed more than 350 properties worth about £200 million, adding to concerns over the ability to scrutinize inflows of foreign money into Britain.

Saifuzzaman Chowdhury, who served as land minister until January this year, owns properties that range from luxury apartments in central London to student accommodation in Liverpool.

Read to see his real estate empire — and why his property deals could revive questions over UK legislation: https://bloom.bg/3uD2rkq Open / Comment

2024-02-16 15:45:49 Currency surge: Kenya’s shilling is heading for its best week in almost three decades after strong demand for a Eurobond sale boosted confidence in Eastern Africa’s second-largest economy. https://bloom.bg/49iPqvm

Congo mission: South Africa is leading a regional force that’s deploying into eastern Democratic Republic of Congo and risks being caught up in a conflict that has displaced 7 million people. https://bloom.bg/42EZrAL

Green power: South Africa’s Department of Water and Sanitation is seeking applications for private companies to build hydropower plants and potentially floating solar power facilities in the Eastern Cape province. https://bloom.bg/49BSPVV

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

2024-02-15 15:59:36 Corporate exodus: GSK, Bayer, and Sanofi are among the global businesses leaving Nigeria due to the country's struggling economy and naira crisis. https://bloom.bg/3HZzuSH

Shilling soars: Kenya’s currency rallies the most in almost 16 years as locals ditch dollars after the nation’s successful Eurobond sale. https://bloom.bg/3I2EXbq

Inflation jolt: Nigeria's inflation rate hit a 28-year high in January, adding pressure on the central bank to raise interest rates sharply. https://bloom.bg/48j560x

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

2024-02-15 10:38:55 Japan lost its spot as the world's third-largest economy to Germany after the Asian nation unexpectedly slipped into recession.

The economy shrank in the second quarter on anemic domestic demand, prompting some central bank watchers to push back bets on when Japan's negative interest rate policy will end. Read more here: https://bloom.bg/3uANHm8

: Kentaro Takahashi/Bloomberg Open / Comment

2024-02-14 18:14:17 Once derided by US diplomats as a “poison pill” ex-general accused of human-rights abuses, Prabowo Subianto successfully remade his image as an affable grandpa and is now set to become the next president of Indonesia according to unofficial counts.

The win marks a stunning turnaround for a three-time presidential candidate known for being temperamental, pounding tables and fiery nationalist speeches. Read more here: https://bloom.bg/3UASC12

: Bay Ismoyo/AFP/Getty Images Open / Comment

2024-02-14 15:21:54 Cabinet reshuffle: Ghanaian President Nana Akufo-Addo replaced his finance minister as the nation looks to secure an agreement with creditors on restructuring its debt. https://bloom.bg/48bLLyg

Rate hike: Zambia’s central bank raises its benchmark interest rate to the highest level in almost seven years to tame inflation and support the kwacha. https://bloom.bg/42EPlQg

Climate change: South Africa produces its inaugural official gage of the carbon intensity of its electricity production, confirming its status as one of the world’s top producers per capita of greenhouse gases. https://bloom.bg/48cEZrT

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

2024-02-14 13:21:26 BREAKING: Ex-general Prabowo Subianto is set to win Indonesia's presidency and lead the trillion-dollar economy for the next five years, according to unofficial counts. Follow our free-to-read live blog for the latest: https://bloom.bg/48iBlgr

: Yasuyoshi Chiba/AFP/Getty Images Open / Comment

2024-02-14 09:55:08 Polls have just closed in Indonesia, where more than 204 million voters have cast their ballots for their next president.

The new leader will inherit a trillion-dollar economy that has fast risen in the global resource supply chain, thanks to President Jokowi’s policies. That move has boosted exports, narrowed the fiscal deficit and steadied the currency, making the country an emerging-market favorite.

Follow our free live blog for the latest news and analysis. https://bloom.bg/48iBlgr

: Sonny Tumbelaka/AFP/Getty Images Open / Comment

2024-02-13 18:27:25 Mozambique raid: Islamic State-linked fighters carried out their deadliest attack on Mozambican troops since 2021, ratcheting up security concerns. https://bloom.bg/3wc5QHn

Dollar shortage: The naira plunges to a record low against the dollar as availability of the US currency in Nigerian markets declines sharply. https://bloom.bg/3HZ6v1x

Green finance: Sub-Saharan Africa’s investment in renewable energy needs to increase fivefold to meet a commitment of boosting global capacity to 11,500 gigawatts of clean energy by 2030, a new study shows. https://bloom.bg/4byjZPp

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