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Crypto Breaking News

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Bloomberg

Iran War Boosts Oil, Lifts Nigeria as Africa 'Gets Lucky'

Nigeria is emerging as a beneficiary of the Iran war, with higher oil prices boosting export revenues. Speaking to Bloomberg's Jennifer Zabasajja, Citi Senior Africa Economist David Cowan said Africa has "got lucky" with elevated commodity prices and already-planted crops help cushion the continent from broader global disruptions.

Read more: Iran War Boosts Oil, Lifts Nigeria as Africa 'Gets Lucky'
Bloomberg

Goldman Sachs Says Market Recovery Hinges on 'Rates Relief'

Christian Mueller-Glissmann, head of asset allocation research at Goldman Sachs, discusses the equities rally, the impact of US-Iran de-escalation on sentiment, and whether the markets recovery is sustainable. "I think we need central banks to shift back to a bit to where we were before," Mueller-Glissmann tells Bloomberg Television. "We need the rates relief to come in."

Read more: Goldman Sachs Says Market Recovery Hinges on 'Rates Relief'
Bloomberg

Netflix Shares Fall as Guidance Disappoints Investors

Netflix gave a forecast for the second quarter that fell short of analysts' expectations, sending the shares tumbling in extended trading. The results are the first since Netflix walked away from a contentious battle for control of Warner Bros. in February. The streaming pioneer also announced that Chairman and co-founder Reed Hastings is stepping down from the board after 29 years to pursue philanthropy and personal interests. Bloomberg's Neil Campling reports.

Read more: Netflix Shares Fall as Guidance Disappoints Investors