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Bloomberg The finance ministers of Kenya and Somalia insist that a maritime-border dispute between the two nations won’t stop the cross-border flow of humanitarian aid and trade. The dispute about ownership of a 150,000 square-kilometre (58,000 square-mile) area off their Indian Ocean coastline has not caused any hostility between the two nations, Somalia Finance Minister Abdirahman Duale Beileh and Kenya’s ...

Bloomberg Mmusi Maimane, the leader of South Africa’s main opposition Democratic Alliance (DA), saw his hold on the party slip as his predecessor Helen Zille was elected head of the party’s Federal Council. Maimane has come under pressure to quit as leader of the DA after the party’s share of the vote shrank to 20.8% in May elections from 22.2% ...

Bloomberg When it comes to mixed messages from markets, 2019 has been a year with few precedents. Whenever a believable signal starts to emerge from stocks or bonds about the economy, it changes. While some disagreement is normal, this is approaching the historic. For context, in a typical year, returns in either equities or Treasuries lead the other by 10 ...

Bloomberg Count the chief of the biggest US bank among doubters of Facebook Inc’s effort to create a cryptocurrency. “It was a neat idea that’ll never happen,” JPMorgan Chase & Co CEO Jamie Dimon said on a panel at a conference hosted by the Institute of International Finance in Washington. Dimon said the idea wasn’t particularly unique and pointed to ...

Bloomberg Conflicting Brexit headlines keep coming and Boris Johnson’s ability to pull off a deal remains in doubt. But this isn’t stopping stock investors from taking a bet on the UK economy. The Vanguard FTSE 250 UCITS exchange-traded fund, which tracks the index of mid-cap companies that are more sensitive to domestic growth and benefit when sterling is stronger, has ...

Bloomberg Nothing right now is stopping a surge in oil tanker rates that’s given owners of the vessels one of the biggest boosts in years. Rates have rallied so high that a secondhand supertanker could theoretically pay for itself in a couple of voyages, according to estimates from Clarkson Platou Securities AS. A normal payback period would often be about ...

Bloomberg South Africa’s debt-laden power utility ended controlled blackouts as power supplies improve, though it says shortages gripping Africa’s most industrialised economy may not be over yet. Eskom Holdings SOC Ltd., which provides about 95% of South Africa’s electricity, said it wouldn’t be implementing load shedding, a local term for rolling power blackouts, on Sunday. That comes after almost a ...

Bloomberg Barrick Gold Corp. agreed to pay over $300 million to the Tanzanian government to end a long-running dispute that it says destroyed the value of its subsidiary Acacia Mining Plc’s assets. As part of the deal, which still must be approved by Tanzania’s attorney general, the government will be given a 16% stake in a renamed company known as ...

We’ve seen this movie before. The top economists at the International Monetary Fund (IMF) — the global agency created after World War II to promote stability and growth in the world economy — unveil their latest forecast, which is almost always weaker than its previous forecast. The economists hold out the possibility that world growth will improve if the most ...

Japan’s biggest airline is betting that the future of travel isn’t traveling at all. For the last month, a married couple in Oita Prefecture has been interacting with a robot — called an Avatar — that’s controlled by their daughter hundreds of miles away in Tokyo. Made by ANA Holdings Inc., it looks like a vacuum cleaner with an iPad ...