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Bloomberg
Financial

US, Iran Exchange Tanker Attacks as War Continues

The US and Iran carried out what appeared to be their largest tit-for-tat tanker strikes yet over the weekend. The US military said it struck three Iranian crude tankers, while Iran said it hit three US-linked ships taking an unauthorized route through the Strait of Hormuz in retaliation. Bloomberg's Abeer Abu Omar reports.

Read more: US, Iran Exchange Tanker Attacks as War Continues
Bloomberg
Financial

AfD Win Spells Economic Disaster, Germany's DIW Says

The election win by the far-right Alternative for Germany (AfD) in the eastern state of Saxony-Anhalt is a disaster in economic terms, according to Marcel Fratzscher, president of DIW Berlin. "The AfD basically want to push out foreigners," Fratzscher tells Bloomberg Television. "They forget, of course, that also Germans are leaving, companies are leaving. So it will make the problem a lot worse."

Read more: AfD Win Spells Economic Disaster, Germany's DIW Says
Bloomberg
Financial

Dangote Aims to Raise $1.6 Bln in Nigeria's Biggest IPO

Billionaire Aliko Dangote is seeking to raise $1.6 billion in what would be Nigeria's biggest initial public offering. Dangote Petroleum Refinery and Petrochemicals FZE is offering 4.1 billion shares at 525 naira ($0.40) each, a company spokesman said Friday. The IPO will open on Sept. 14. Bloomberg's Anthony Osae-Brown reports.

Read more: Dangote Aims to Raise $1.6 Bln in Nigeria's Biggest IPO