Business
Gaza Truce Talks Continue in Doha; US Recession Fears Fade | Horizons Middle East & Africa 08/16/24
Gaza cease-fire talks progress with international mediators and Israeli negotiators meeting for a second day in Doha. Also on the show: Asia stocks trade higher after robust US jobs and consumer spending data ease recession concerns; Gaza reconstruction is estimated to cost $700 million and removing 42 million tonnes of rubble is expected to take many years; Johannesburg’s $12 billion infrastructure backlog has ramped electricity prices 60% for the city’s poorest citizens; JD.com shares surged in Hong Kong after earnings beat expectations, but rival Alibaba’s revenue missed estimates on weakness in core e-commerce.
Guests include Julia Roknifard, Assistant Professor at the Faculty of Social Sciences, University of Nottingham in Malaysia; Nicolo Bocchin, Global Head of Fixed Income at Azimut Group; Sim Tshabalala, Standard Bank CEO.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Horizons Middle East & Africa
00:07:03 – Julia Roknifard, Assistant Professor at the Faculty of Social Sciences, University of Nottingham in Malaysia
00:16:30 – Nicolo Bocchin, Global Head of Fixed Income at Azimut Group
00:26:39 – Big Take: Cost of Rebuilding Gaza
00:31:49 – Standard Bank Plans to Exit Chinese Joint Venture
00:32:15 – Sim Tshabalala, Standard Bank CEO
00:36:55 – South Africa’s Electricity Divide
00:41:57 – Alibaba’s Marquee Business Shrinks
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Indonesian stocks suffered their worst rout in nearly three decades after MSCI warned the country’s emerging-market status was in jeopardy. David Ingles and Stephen Engle report.
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South Africa’s foreign minister Ronald Lamola describes the US administration’s views as feeding the agenda of White supremacy, and said its policy is a race-based policy executive order. https://www.bloomberg.com/news/articles/2025-11-18/g-20-on-track-despite-trump-s-absence-host-south-africa-says
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US tech giants started releasing their latest earnings this week, and AI spending plans are getting a hard look from investors. On today’s Big Take podcast, Meta’s plan to spend some $825 billion over the next decade made investors nervous but Microsoft, Alphabet and Amazon may fare better.
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Firmus abandoned its attempt at one of Australia’s biggest-ever initial public offerings, after the Nvidia-backed data center company failed to lure global investors who’ve grown increasingly skittish over frothy AI valuations.
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Business
Republican-led House votes to stop Iran War in rebuke to Trump #shorts #politics #trump #iran
The Republican-led House voted to halt the US war with Iran, breaking with President Donald Trump on an unpopular foreign conflict that is taking an escalating economic toll on Americans. Joe Mathieu reports https://bloom.bg/43Lus7d
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