Crypto Breaking News

Africa's richest man, Aliko Dangote, is poised to make a $23 billion leap up the list of the world's wealthiest as he opens an initial public offering for his refinery. The tycoon's net worth is projected to reach as much as $58.2 billion with the IPO of Dangote Petroleum Refinery and Petrochemicals Fze, according to Bloomberg calculations, surpassing US hedge fund tycoon Ken Griffin and tech billionaire Eric Schmidt. Bloomberg's Anthony Osae-Brown reports.

Oil pushed higher after Saudi Arabia shut its East-West crude pipeline, a key alternative to the Strait of Hormuz for its oil exports, following multiple attacks on Thursday. Meanwhile, a planned meeting for Monday between Iran and several Gulf nations on creating a temporary shipping lane through Hormuz has been postponed, according to Oman's foreign minister. Bloomberg's Stuart Livingstone-Wallace reports.

Pakistan GasPort Chairman Iqbal Z. Ahmed highlights how the closure of the Strait of Hormuz has disrupted LNG supply chains, reshaping Pakistan's demand outlook. He speaks with Haslinda Amin from the sidelines of 'Gastech Bangkok 2026'.

Bloomberg's Yvonne Man speaks with Artificial Analysis's Micah Hill-Smith about the AI race, China's role in it, and the growing debate over model safety.

Balaji Krishnamurthy, President of Chevron in Australia, discusses the outlook for LNG supply and demand, and pricing levels, as energy disruptions continue on Middle East tensions. He speaks with Haslinda Amin, on the sidelines of Gastech in Bangkok, on "Bloomberg: The Asia Trade".

Cha Jiho, a member of South Korea's parliament, is behind the nation's drive to enhance international cooperation on artificial intelligence, proposing a new Global AI Hub. He discusses the initiative's plans to gather international organizations and multilateral development banks, harnessing AI to tackle issues such as climate change, healthcare and food security. He speaks with Shery Ahn exclusively, on "Bloomberg: The Asia Trade".

Record diesel prices are exposing a critical constraint in global energy markets as refinery disruptions abroad collide with limited capacity in the US. GasBuddy's Patrick De Haan is on Bloomberg This Weekend and says producing more crude alone won't solve the problem because refiners are already operating near their limits, leaving little room to boost gasoline and diesel supplies quickly.

Affordability is emerging as a central midterm issue as Americans contend with higher energy and everyday costs, putting pressure on Republicans to show how they would deliver relief. Bloomberg Opinion Senior Executive Editor Tim O'Brien and Bloomberg News Texas Bureau Chief Julie Fine join Bloomberg This Weekend and discuss Trump's proposed $5,000 dividend, growing resistance to the costs of Texas data centers and how economic concerns are shaping the political debate heading into November.

Senator Chris Coons is on Bloomberg This Weekend and says Congress needs enforceable guardrails for rapidly advancing AI, warning that lawmakers are struggling to keep pace while competition with China makes a full development pause impractical. Coons also tells hosts David Gura and Christina Ruffin that managing the technology's risks will ultimately require cooperation among industry, Congress and governments around the world.

As drones become cheaper, faster and harder to detect, cities far from traditional battlefields are confronting the challenge of protecting civilians without creating new risks from falling debris or costly interceptions. Bloomberg Weekend Senior Writer Morgan Meaker is on Bloomberg This Weekend and examines how governments are testing everything from jammers and interceptor drones to surprisingly effective low tech nets as they search for defenses that can keep pace with rapidly evolving threats.

Ben Shelton heads into the US Open final with a chance to become the first American man to win a Grand Slam singles title since Andy Roddick in 2003, potentially giving US men's tennis a new marquee star. Bloomberg News Business of Sports Reporter Vanessa Perdomo joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss Shelton and also broader questions across sports ranging from college eligibility rules to the NFL's push into international markets.

War in Ukraine, conflict in the Middle East and the rise of China have pushed national security back to the center of US economic and industrial strategy. Former Defense Secretary Mark Esper says the country needs to spend more on defense and better use cutting-edge weapons coming out of places like Silicon Valley, Austin and Boston. The opportunity is particularly striking in space, where companies like Apex Space are trying to industrialize satellite production as the US considers ambitious projects like Golden Dome . But the new defense-tech boom still faces hard questions: will the Pentagon procure quickly enough; will startups scale production; is space-based missile defense technically and financially realistic; and will the future belong to startups, legacy primes, or a marriage between the two?