Market News
- FSD Africa to Raise $400 Million SME Financing for Five Nations
by Eric Ombok on May 8, 2026 at 9:37 amFSD Africa, an agency backed by the UK’s Foreign, Commonwealth & Development Office, is establishing funds to raise as much as $400 million of capital for small businesses in five nations.
- BofA’s Hartnett Says US Stock Gains Have Rarely Been This Strong
by Michael Msika on May 8, 2026 at 9:29 amUS stocks and gold are hurtling toward a fourth year of double-digit gains, rallies so exceptional that there have been few such episodes in history, according to Bank of America Corp. strategists.
- Oil’s Price Surge Spurs Nigeria’s Flip From Discount to Darling
by Ray Ndlovu, Emele Onu on May 8, 2026 at 9:28 amNigerian assets are rallying across stocks, bonds and the currency as investor confidence builds in President Bola Tinubu’s economic agenda.
- Rheinmetall Loses Bull in JPMorgan After Slew of Results Misses
by Isolde MacDonogh on May 8, 2026 at 9:25 amRheinmetall AG’s position as the standout European defense stock is looking increasingly vulnerable after a series of disappointing results led a long-time bull to downgrade the shares.
- Investors Are Looking Through the Conflict, Goldman Sachs Says
Christian Mueller-Glissmann, managing director for portfolio strategy and asset allocation at […]
- Rheinmetall CEO Sees High Mideast Demand for Air Defense Systems
Rheinmetall AG sees growing demand for its air defense systems in the Middle East amid the Iran […]
- Shares of India’s Top Lender Slump on Interest-Income Miss
State Bank of India’s shares tumbled the most in three months after the nation’s top lender by […]
- Novo Nordisk’s Ozempic India Price Cut Boosts Obesity Drug Sales
Novo Nordisk A/S saw a 40% surge in sales of its diabetes and weight-loss drugs in India last […]
- Ghana Targets $1 Billion in Cocoa Bonds as Part of Overhaul
Ghana is planning to raise $1 billion through domestic bonds to fund cocoa purchases from farmers, […]
- Honduras Reviews China Deals, Mulls Restoring Taiwan Ties
Honduras’ new president is reviewing his predecessor’s agreements with China, a process that […]
- US Stocks Rise as Tech Outlook Offsets War Worries: Markets Wrap
A rally in technology stocks is lifting US index futures as investors wait for the monthly jobs […]
- Global Central Banks Boost Their Holdings of Malaysia Bonds
Foreign central banks and governments have boosted their share of Malaysian sovereign bonds, […]
political news
- Anthony Scaramucci: Wall Street Has Trump Regrets
on May 8, 2026 at 9:38 amAnthony Scaramucci tells Mishal Husain that Wall Street is having regrets about support for Donald Trump. (Source: Bloomberg)
- Clashes Near Hormuz Send Oil Higher, UK Local Elections | The Opening Trade 5/8/2026
on May 8, 2026 at 9:03 amThe US and Iran clashed near the Strait of Hormuz, an escalation that threatens to further fracture a fragile ceasefire as the two sides discuss a permanent end to the war. US forces targeted missile and drone launch sites and other military assets in Iran that they said were responsible for attacking three US warships transiting the strait. No vessels were hit, US Central Command said. A monthlong ceasefire remains in effect, President Donald Trump said. Nigel Farage’s Reform UK racked up sweeping gains in the first counts in local elections, with British voters continuing to turn away from Prime Minister Keir Starmer’s governing Labour Party. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
- What It Would Take for Labour to Replace Keir Starmer
by Joe Mayes on May 8, 2026 at 8:59 amKeir Starmer’s political struggles have left some in his Labour Party contemplating the once-unthinkable and mounting a challenge to replace him as prime minister.
- UK Voters Turn Away From Starmer in Local Election
on May 8, 2026 at 8:42 amEarly results in the local elections showed Nigel Farage’s populist Reform UK racking up sweeping gains over Prime Minister Keir Starmer's Labour. The results reaffirm a splintering of British politics that’s seen the insurgent Reform and Green parties make up ground on the right and left. Bloomberg's Alex Morgan reports from London. (Source: Bloomberg)
- South Africa’s Top Court Rekindles Ramaphosa Cash-in-Sofa Saga
by S'thembile Cele, Ntando Thukwana on May 8, 2026 at 8:41 amSouth Africa’s top court faulted parliament’s decision to quash a report that fueled efforts to remove President Cyril Ramaphosa from office over his handling of a burglary at his game farm.
- Myanmar’s Neighbors Seek to Ease Its Isolation Despite Conflict
Sentiment is warming among some Southeast Asian nations toward easing Myanmar’s isolation five […]
- Thailand, Cambodia Seek to Rebuild Ties After Deadly Clashes
Thailand and Cambodia pledged this week to repair fractured ties, even as a new rift over a […]
- Saudi Arabia Boosts Logistics Spending to Blunt War Impact
Saudi Arabia brought forward some planned spending on infrastructure and food imports to soften the […]
- Honduras Reviews China Deals, Mulls Restoring Taiwan Ties
Honduras’ new president is reviewing his predecessor’s agreements with China, a process that […]
- Lula Emerges From Trump Meeting ‘Optimistic’ on Trade
US President Donald Trump and his Brazilian counterpart, Luiz Inacio Lula da Silva, expressed […]
Wealth
- Money-Market Assets Notch Biggest Weekly Jump Since April 2020
by Alex Harris on May 7, 2026 at 7:44 pmMoney-market fund assets swelled by the most in six years, snapping three straight weeks of outflows, now that the US tax season and month-end rebalancing are complete.
- Apollo’s Marc Rowan Warns of Fallout From ‘Massive Geopolitical’ Shift
by Dawn Lim on May 7, 2026 at 5:43 pmApollo Global Management Inc. Chief Executive Officer Marc Rowan said the world isn’t prepared for the shakeout from artificial intelligence, price pressures and rising government debt.
- OnlyFans Owner’s Wife Takes Control of Business After His Death
by Benjamin Stupples, Olivia Solon on May 7, 2026 at 4:39 pmLeonid Radvinsky’s widow has surfaced as a beneficiary of the business empire behind adult-content platform OnlyFans, the latest example of “sideways” inheritances through rich individuals passing wealth to their spouses.
- Worried About Job Cuts? Here’s a Game Plan
by Charlie Wells on May 7, 2026 at 4:00 pmYou can turn your layoff into a powerful inflection point if you have the right plan in place now.
- Could This Bull Market Choke On an Equity Glut?
by John Stepek on May 7, 2026 at 1:12 pmIronically, a series of mega IPOs might represent more of a hurdle than a clogged Strait of Hormuz.
Tech & Innovation
- Waymo vs Wayve: The Self-Driving Showdown Coming to London
on May 8, 2026 at 9:30 amWaymo leads with sensors and maps. Wayve bets on pure AI and scale. Both are launching in London—who wins the future of driving? Bloomberg's Tom Mackenzie reports (Source: Bloomberg)
- Autonomous Driving Showdown: Who Will Win the Self-Driving Race? | Bloomberg Tech: Europe 5/08/2026
on May 8, 2026 at 9:26 amIn this episode of Bloomberg Tech: Europe, Bloomberg’s Tom Mackenzie explores the accelerating race for autonomous driving. From Waymo’s sensor-driven precision to Wayve’s mapless, end-to-end AI approach, the battle for the future of mobility is intensifying. Which model will win out? We also hear from BYD, examine Vay’s vision for driverless transport, and see how Einride is reshaping freight with autonomous, electric trucks. Who will lead the driverless future? "Bloomberg Tech: Europe" spotlights the biggest names and trends shaping the region's technology ecosystem as the global competition heats up. This monthly, 30-minute magazine-style show features in-depth interviews with top technology leaders, as well as major investors and policymakers - giving you a compelling A to Z of the most consequential innovations, opportunities and challenges. (Source: Bloomberg)
- Freight's Future Is Electric and Autonomous, Einride CEO Says
on May 8, 2026 at 8:01 amRoozbeh Charli, chief executive officer of Swedish firm Einride, discusses how platform-driven logistics, electric trucks, and autonomous systems are transforming global freight, and why humans still play a critical role. He speaks to Bloomberg's Tom Mackenzie. (Source: Bloomberg)
- Sony Partners With TSMC in Effort to Rein in Chipmaking Costs
by Debby Wu, Takashi Mochizuki on May 8, 2026 at 7:40 amSony Group Corp. plans a new joint venture with Taiwan Semiconductor Manufacturing Co. as the first step toward what it called a fab-light approach to semiconductor production.
- Wayve CEO on Tesla, Waymo, Future of Self-Driving Cars
on May 8, 2026 at 7:30 amWayve CEO Alex Kendall explains end-to-end autonomous driving, how Wayve's approach differs to those of Tesla and Waymo, and why artificial intelligence licensing could scale fastest. He speaks to Bloomberg's Tom Mackenzie. (Source: Bloomberg)
