Bloomberg

2024-03-18 06:51:29 Boeing’s disastrous start to 2024 is spilling over to airlines and their passengers as production delays exacerbate a shortage of single-aisle jets.

Airbus, Boeing’s main competitor, is largely sold out through the end of this decade, so there isn’t an obvious place for airlines to turn.

For passengers, this will mean fewer flight options and potentially higher prices on at least some popular routes. See which routes and airlines may be impacted: https://bloom.bg/3IIwTgk

: Bing Guan/Bloomberg Open / Comment

2024-03-18 04:51:45 A defiant Vladimir Putin said Russia won’t be stopped from pursuing its goals after he swept to a record victory in a presidential election whose outcome was pre-determined.

“No matter how much anybody wanted to suppress us, our will, our consciousness, nobody in history has ever succeeded, they have not succeeded now and they will never succeed,” Putin told supporters in Moscow. All the major “and in some areas grandiose plans” that he set out before the election “will certainly be achieved,” he said.

Putin spoke after preliminary results showed him with 87.2% support in the election that ended Sunday, giving him another six years as president to step up his war in Ukraine and conflict with the West. The outcome far exceeded his previous record of 77% in 2018 elections. More here: https://bloom.bg/49Xy4EJ

: Natalia Kolesnikova/AFP Open / Comment

2024-03-15 20:41:52 BREAKING: US prosecutors have widened their probe of India’s Adani Group to focus on whether the company may have engaged in bribery as well as the conduct of the company’s billionaire founder, according to people with direct knowledge of the matter.⁣
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Investigators are digging into whether an Adani entity, or people linked to the company including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project, said the people, who asked not to be identified discussing the confidential effort.⁣
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The probe, which is also looking at Indian renewable energy company Azure Power Global, is being handled by the US Attorney’s Office for the Eastern District of New York and the Justice Department’s fraud unit in Washington, said people familiar with the matter. “We are not aware of any investigation against our chairman,” Adani Group said in an emailed statement. Read more: https://trib.al/IZVRzMy
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: Hollie Adams/Bloomberg Open / Comment

2024-03-15 15:09:22 Off-grid: Damage to four subsea cables off the west coast of Africa is disrupting mobile and internet services across the continent. https://bloom.bg/3v178VC

Out of jail: Senegal's authorities free two key opposition leaders from prison, boosting the anti-establishment campaign before this month’s presidential elections. https://bloom.bg/4agDD0D

$21 billion for power: South Africa needs to build and fund a 390-billion-rand expansion of the national grid so it can connect more power plants and end years of rolling electricity outages. https://bloom.bg/4ckugyT

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

2024-03-14 15:50:46 Ports failure: As vessels avoid Houthi attacks in the Red Sea, African ports stand to capitalize on changes in shipping routes. But they’re too inefficient, warn logistics experts. https://bloom.bg/3TiBxXf

Scrapped deals: South Africa terminates a deal to sell a controlling stake in its flagship airline after failing to agree on a value and other terms after three years of negotiations. https://bloom.bg/4aeKA2C

Africa's biggest lender: Standard Bank slumps the most in more than six months after the lender’s earnings outlook for 2024 disappointed some investors. https://bloom.bg/3IARh2T

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

2024-03-14 03:31:13 Australia is grappling with a deepening housing crisis. Yet when it comes to the most obvious solution, city dwellers just don’t want it. https://bloom.bg/3PmDW2a Open / Comment

2024-03-13 18:29:26 Big moves in crypto: South Africa will license about 60 cryptocurrency platforms by the end of the month, putting it among the first nations on the continent to require digital-asset exchanges to have permits to operate. https://bloom.bg/4cdEoti

Helping hand: The European Union is working toward an aid package for Egypt that will provide some €7.4 billion ($8.1 billion) in a mix of grants and loans as the country copes with fallout from the Israel-Hamas conflict. https://bloom.bg/4atNoZR

African exclusives: Billionaire Sunil Mittal’s Airtel Africa is considering an initial public offering for its mobile money unit that could value it at more than $4 billion, said people familiar with the matter. https://bloom.bg/48UsSjM

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

2024-03-13 06:29:48 Donald Trump clinches the Republican presidential nomination, capping off a stunning political comeback fueled by grievance and vengeance. He formally enters what’s poised to be the longest and costliest general election in recent memory.

The former president on Tuesday night crossed the threshold for the number of delegates needed to become the GOP nominee, the Associated Press reported. This allows Trump a free rein to consolidate the Republican Party’s political operation and fully turn his attention toward a rematch with President Joe Biden.

If elected, Trump has vowed to root out the so-called “deep state” of civil servants, crack down on illegal immigration, enact protectionist trade policies and curtail the US’s role in the world. More here: https://bloom.bg/3Ti5oz4 Open / Comment

2024-03-12 16:00:38 From banker to president: Former Credit Suisse Chief Executive Officer Tidjane Thiam signaled his intention to run for president of Ivory Coast in October next year. https://bloom.bg/43btf8h

Delay vote: Senegalese opposition politician Karim Wade asked the nation’s top court to annul a decision to schedule elections for March 24, arguing there’s not enough time to prepare for the ballot. https://bloom.bg/3TyCpZt

Thunder strikes: Filipo made landfall on Mozambique’s south-central coastline as a severe tropical storm, and the authorities say may impact more than half a million people. https://bloom.bg/3wMYIl3

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

2024-03-11 15:53:07 Equity surge: Egyptian stocks resumed a world-beating stock rally after the North African nation devalued its currency and secured fresh funding to ease pressure on its economy. https://bloom.bg/43f0Huo

Losing power: Support for South Africa’s ruling African National Congress has fallen below 40%, less than three months before the country holds elections, a new opinion poll shows. https://bloom.bg/3TexFGY

Stormy weather: Tropical Storm Filipo is bearing down on Mozambique’s coast, where it’s forecast to make landfall south of the port city of Beira on Tuesday, bringing winds of up to 120 kilometers (75 miles) an hour and torrential rain. https://bloom.bg/3vcH89x

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