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BLOOMBERG Zimbabwean President Emmerson Mnangagwa was declared the winner of an election that observers said was deeply flawed, extending a tenure that has been marred by the near-collapse of government services and endemic poverty and unemployment. Mnangagwa won 52.6% support and his main rival, Nelson Chamisa, 44%, Priscilla Chigumba, chairwoman of the Zimbabwe Electoral Commission, told reporters in the capital, ...

BLOOMBERG Three US Marines died and five are in critical condition following a military aircraft crash off the coast of Darwin in Australia’s Northern Territory. The V-22 Osprey went down while performing drills with military personnel from other nations on Melville Island around 60 kilometers (37 miles) from Darwin on Sunday, ABC News reported. “There were a total of 23 ...

BLOOMBERG Gabon blocked internet access during elections that is likely to see President Ali Bongo extend the 56-year stranglehold his family has had on political power in the oil-producing central African nation. Live network data show a nation-scale internet blackout across Gabon on election day, Netblocks, an organisation that monitors internet shutdowns, said . Authorities also imposed a nationwide curfew ...

BLOOMBERG Malaysian conglomerate Sime Darby Bhd said it’s buying a 61.2% stake in UMW Holdings Bhd for 3.57 billion ringgit ($769 million) to further strengthen its position in the country’s automobile industry. Sime Darby entered into a conditional purchase agreement with the nation’s largest state-owned fund, Permodalan Nasional Bhd, to buy its shares of UMW. The company will subsequently make ...

BLOOMBERG Hyundai Motor Co’s union workers voted to go on strike for the first time in five years, part of an effort to boost wages and raise the mandatory retirement age as inflation hits the South Korean economy. A majority of the roughly 45,000 unionised workers at Hyundai voted to strike, officials said in a text message on Friday. The ...

BLOOMBERG Stellantis NV is considering a tie-up with a Chinese electric vehicle company as Europe’s second-largest automaker by sales seeks to bolster its presence in the world’s biggest auto market, according to people familiar with the matter. The carmaker has explored potentially working with Chinese EV makers including Zhejiang Leapmotor Technologies Ltd, the people said, asking  not to be identified ...

BLOOMBERG A group of Tesla Inc investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the carmaker private at $420 a share — and then didn’t. The US Securities and Exchange Commission (SEC) aims to pay the investors the $40 million ...

BLOOMBERG Ukraine’s allies now worry the war is dragging into a long fight that may strengthen Vladimir Putin’s hand as hopes fade that Kyiv’s forces will deliver a definitive breakthrough this year. More than two months into its counteroffensive, Kyiv has so far managed to make only tactical advances against heavily dug-in Russian forces, despite having committed many of the ...

BLOOMBERG India and Greece pledged to deepen ties in areas including trade and defense after the first visit by an Indian premier to the southern European nation in four decades. “Today, the prime minister and I have taken the decision to take the India-Greece partnership to a strategic level,” India’s Narendra Modi said after talks with his Greek counterpart, Kyriakos ...

BLOOMBERG Foreign observers found that Zimbabwe’s election this week didn’t meet regional, international or the country’s own constitutional standards, as police guarded the national results centre. “Curtailed rights and lack of level playing field led to an environment that was not always conducive to voters making a free and informed choice in Zimbabwe’s” election, Fabio Massimo Castaldo, head of the ...