Bloomberg
163K subscribers
746 photos
49 videos
3.1K links
The first word in business news.
Download Telegram
🇮🇳 Hello, here are today's top stories to keep you up to date on the upcoming G-20 summit in India.

☀️ India's hottest September since 1938: Scorching heat in New Delhi is set to greet world leaders when they arrive for the G-20 summit this week, where climate change is set to be among key issues on the agenda. https://trib.al/JW8ilSC

🤔 Name change: Modi’s government has replaced India with Bharat, an ancient Sanskrit word, in dinner invitations for the G-20 summit, echoing his party’s Hindu nationalist push to erase from society what it deems to be colonial-era names. https://trib.al/MfndeTx

🪷 India's moment: Prime Minister Narendra Modi has revamped India’s politics — and now he’s looking to the G-20 summit to cement a role at the center of a new global order.

Balancing ties with Washington, Beijing and Moscow is already proving to be a tough task. Read The Big Take. https://trib.al/1jckESP

🗞️ India Edition: 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. It's free to read.
👍2814🤔5🎉2🤯1
Mozambique Freight Relief: Mining companies, losing out on billions of dollars in sales due to South Africa’s logistics bottlenecks, could soon have a quicker route to ports in neighboring Mozambique. https://bloom.bg/3rbymGO

Africa Climate Summit Concludes: African leaders called for wide-ranging debt relief and a flood of climate finance to help the continent boost its electricity generation from renewable sources almost sixfold by 2030. https://bloom.bg/3EsPtHj

Pressure to Ditch Coal: South Africa must accelerate its transition to renewable energy to avoid export penalties being threatened by key trading partners, warns government official. https://bloom.bg/45ZyhVD

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.
👍2615😱3
🇮🇳 Hello, here are today's top stories to keep you up to date on the upcoming G-20 summit in India.

Getting ready: From deploying fighter jets to chasing away packs of monkeys, India is pulling out all the stops as the world’s most powerful leaders descend on New Delhi for the G-20 summit. https://trib.al/AN3sbeQ

Coal problem: Modi’s green pitch to the global leaders this week will include new calls for clean energy cooperation — a tough sell from a nation still doggedly reliant on coal. https://trib.al/eryejza

Name change: Could India become Bharat? Prime Minister Narendra Modi’s decision to replace the word India with an ancient Sanskrit name in invitations to a G-20 dinner has triggered raucous debate. Here's why. https://trib.al/sguKdib

Early exit: Billionaire banker Uday Kotak has made a surprise early exit from his firm. Something about the move doesn't add up. Read this and more in the latest India Edition newsletter. https://trib.al/rZpxaUR

As the G-20 summit is being held in New Delhi this weekend, expect a bonus newsletter with key takeaways and behind-the-scenes chatter. Subscribe here. https://bloom.bg/45jP1GP
24👍17🤩8😁4🤯2
Overthrown President Freed: Gabon’s military government released former President Ali Bongo from house arrest, a week after overthrowing him in a bloodless coup. https://bloom.bg/45F1ky4

South African Magnate Dies:
Raymond Ackerman, who built Pick n Pay Stores up from scratch into one of South Africa’s biggest supermarket chains and spent 43 years with the company before retiring in 2010, has died at 92. https://bloom.bg/4852Bjh

Mozambique's COP28 Billions Plan:
Mozambique is seeking to become the latest country to secure an energy-transition pact with wealthy nations and is targeting an announcement at the COP28 climate summit. https://bloom.bg/3Ld19BV

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.
👍3214🤯3👏1😁1
Media is too big
VIEW IN TELEGRAM
🇮🇳 🇨🇳 WATCH: India is emerging as an economic force to be reckoned with, as China falters and becomes increasingly isolated. But is it ready?

In the first of a four-part video series from Bloomberg — Is This India’s Moment? — we look at whether India has what it takes to become an economic powerhouse. https://trib.al/SLCi1cF
👍52🔥1211🤔11😁5😱1
🇮🇳 Hello, here are today's top stories to keep you up to date on the G-20 summit in India.

Live Blog: World leaders gather in India as Xi and Putin's absence highlights a divided world order. Follow for free-to-read updates. https://trib.al/oPABldS

Obstructing measures: China is emerging as a block on negotiations in a run-up to the G-20 summit. The UK has accused Beijing of obstructing measures to tackle climate change and refusing to back language condemning Russia’s war on Ukraine. https://trib.al/XuQKFY7

Studying options: India's military is examining what action the country could take in response to a potential Chinese invasion of Taiwan, following discreet inquiries from the US, sources say. https://trib.al/Ppl27d8

India Edition: 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. It's free to read.
👍2721🤯2
African Union Seeks $650 Billion: The African Union proposed that the IMF consider issuing $650 billion in special drawing rights to combat the climate crisis. https://bloom.bg/3LcjrTG

MTN Deal: Africa’s biggest wireless firm MTN Group said American Tower will take over its Nigerian tower operations from IHS from 2025. https://bloom.bg/3sLibk2

New Kenya Taxes Pending: Kenyan authorities can continue collecting new levies introduced in this year’s budget until a hearing on whether the tax measures are constitutional is determined, the Supreme Court ruled on Friday. https://bloom.bg/460N42q

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.
🤔21👍128🤯5🎉1
Media is too big
VIEW IN TELEGRAM
🇮🇳 WATCH: India is spending billions to construct bridges and roads to outrun China. But half of the projects are behind time and over cost.

Bloomberg explores the risks and rewards, businesses and investors face in the Asian nation. https://trib.al/eECbTRK
👍36😁14🤔5🤯5🎉1
BREAKING: The African Union has been invited to join the Group of 20 nations as the Global South gains more influence.

Follow our free to read live blog for the latest news, analysis and market reaction https://trib.al/YCRIi3E
👍40👏10😁75🤯4🤔3
Exclusive: G-20 diplomats have reached a deal on describing Russia's war in Ukraine, but leaders still need to agree. https://bloom.bg/488WrPh
🤯33👍22👏9🔥8😁8🤔6😱2🎉2😢1
It's the second and final day of the G-20 summit and we're live here from New Delhi.

Follow our free-to-read live blog for all the news and analysis from our team of reporters on the ground in India. https://bloom.bg/3Rxv4sz
👍3411🤯7💯3
Countering China: Xi Jinping’s decision to stay away from the G-20 summit may have been intended to deny India its moment. Instead, PM Modi — along with the US and Europe — figured out how to more effectively counter China on the world stage. https://tinyurl.com/yckbppah

Faulty jet: Prime Minister Justin Trudeau and the Canadian delegation are stuck in New Delhi after his aircraft experienced technical issues, an inauspicious end to a trip that included criticism from the Indian government. https://tinyurl.com/4bvt3tck

Surprise payback: Distressed Indian edtech titan Byju's makes surprise proposal to back entire $1.2 billion term loan ahead of schedule, sources say. https://tinyurl.com/3wpuy7u8

Free to read: The G-20 that was! Who won? Who lost? And the top things to know about this year's leaders' summit. Read this week's special G-20 India Edition newsletter. https://tinyurl.com/4736mhhh
😁15👍1210🤯2
Media is too big
VIEW IN TELEGRAM
🇮🇳 WATCH: India wants to take China's crown as the world's factory.

But does the nation have what it takes to become the next manufacturing giant, Bloomberg reports. https://trib.al/YMKPtvC
🤔19💯14👍8😁82🤯2
Morocco earthquake:  Morocco began allowing teams from Spain, the UK and two Arab countries to assist in earthquake rescue efforts, as public anger grows over the domestic response to the nation’s deadliest natural disaster in six decades. https://bloom.bg/3LkqTfI

Olam denies allegations of fraud in Nigeria: Olam Group’s shares tumbled the most in over three years after the agricultural commodities trader denied allegations of a multibillion dollar fraud in Nigeria and ordered a review into the matter. https://bloom.bg/3Zepm0h

South African inflation expectations drop: South African inflation expectations declined for the first time in two years, suggesting price-pressures have peaked and the central bank will be able to keep interest rates on hold. https://bloom.bg/45MZTgQ

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.
27👍15😢6🎉2🤯1
🌈 From Indian Netflix shows featuring openly gay and lesbian youth to roadside billboards selling health insurance for same-sex couples, an LGBTQ revolution is taking off in the world’s most-populous nation.

As the Supreme Court considers legalizing same-sex marriage in the coming weeks, many Indians say the law is catching up with public opinion, and not vice versa.

Many of these changes would have been unthinkable in the India of a decade ago. Here's how the efforts of the country’s leading companies are outpacing peers in Asia and the West ▶️ https://trib.al/FUFnY9c
👍74😢43😱1918🤯12👏7🔥6🤔6😁3
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
19🤯9👍7
Media is too big
VIEW IN TELEGRAM
☀️🇮🇳 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
👍22😁5🤯3👏2🤔1
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
😁41👍2010🤯5🤔3😢2👏1🎉1
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.
😢37👍247🤯3👏2
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
🤯6730👍21🤔9🔥7😁6😱4😢3