Christoph Ahlhaus, Chairman of the German Association of Small and Medium-Sized Businesses, tells Bloomberg there is 'real fear' the election success of the far-right Alternative for Germany in the state of Saxony-Anhalt could reduce international investment. He was speaking to Bloomberg's Oliver Crook on Daybreak Europe.
Guy Johnson and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
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.
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."
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.
Iran and the US carried out tit-for-tat tanker strikes over the weekend, pushing oil prices higher and escalating a six-month war. Bloomberg's Paul Wallace has the latest.
APX Lending has launched a five-year revolving credit line backed by Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH).
The Bank of Korea has linked dollar-backed stablecoin demand to weaker local currencies after Binance added direct fiat trading pairs.
Better Mortgage has launched its Bitcoin-backed mortgage product with Coinbase, allowing borrowers to use Bitcoin (CRYPTO) as collateral for home loans.
Go, the taxi booking app operator that pulled off Japan's biggest initial public offering this year, is eyeing ways to expand domestically and across Asia, and doesn't see competitors like Uber as a threat. Go President Hiroshi Nakajima spoke exclusively with Bloomberg's Shery Ahn about Japan's unique ride-hailing market and future opportunities like robotaxis.
The NBA fined the Los Angeles Clippers $30 million and stripped the franchise of five first-round draft picks after an independent investigation found the team circumvented salary-cap rules by facilitating off-court income opportunities for Kawhi Leonard. Bloomberg News Senior Sports Reporter Randall Williams joins Christina Ruffini and Jeff Mason on Bloomberg This Weekend and explains that owner Steve Ballmer was also suspended for a year, while Leonard was fined $700,000 in one of the league's most severe disciplinary actions.
On Bloomberg This Weekend, Michigan Representative Haley Stevens (D) says escalating US tariffs on Canadian goods are raising costs and creating uncertainty for manufacturers in her district, with the deeply integrated auto supply chain particularly exposed. Stevens tells hosts Christina Ruffini and Jeff Mason that she is promoting legislation that would provide households with as much as $1,700 to offset tariff-related costs, while criticizing the Trump administration's approach to trade with Canada.
