Africa has the land, the labour and the demand to become a global agricultural powerhouse, but its full potential remains largely under-utilised and the stakes are rising as global supply shocks like the Iran war push up fuel, transport and food costs, with knock on effects already being felt across African economies. According to the AfDB, the continent currently holds about 60% of the world's uncultivated arable land, which is a largely untapped resource. Agriculture already employs around 60% of Africa's ...

>> THIS IS BALANCE OF POWER, LIVE FROM WASHINGTON, D. C. >> WE ARE EXPECTING A RESPONSE FROM THEM TODAY AT SOME POINT.WE HAVE NOT RECEIVED THAT YET IN THE LAST HOUR, BUT PERHAPS THAT WILL COME. KAILEY: TONIGHT, AWAITING A RESPONSE. THE U.S. SAYS IT EXPECTS IRAN TO RESPOND TO PRESIDENT TRUMP'S LATEST PROPOSAL TO END THE WAR BY TODAY AS THE U.S. STRIKES TO MORE IRANIAN FLIGHT TO ATTEMPTING TO VIOLATE THE BLOCKADE AND THE STRAIT OF HORMUZ.MIDTERM MATH. A MAJOR SHAKEUP IN THE REDISTRICTING WARS AS THE VIRGINIA ...

The Supreme Court's decision last week on the Voting Rights Act effectively allowing the redrawing of majority a majority minority districts. What is the broader ramification of that ruling. How did Democrats respond to that especially in the South.I I think it's very important first that we mobilize in those states. We see Tennessee and perhaps others moving you know without even getting input from the people passing these maps you know drawing them in the back room and I think it could backfire against th ...

David Westin: This is "Wall Street Week. " I'm David Westin, bringing you stories of capitalism. Losing valuable people to migration isn't that unusual. But what does it mean when even your former prime minister leaves to find opportunities elsewhere? Plus, President Trump is a big booster of stablecoins. But what are they actually good for? And what do they mean for the banking system? And grocery shelves are packed with more varieties of bubbly water than you can count. Why are there so many, and how many ...

For the details, we're joined now by Bloomberg's Michael Shepherd. So, Mike, I guess, the the idea here is that the administration is going to do something, yet this wouldn't necessarily go as far as they could have gone. Well, that's right.And that was some of the speculation this week that they may actually take that extra step of requiring, the biggest AI developers to send their cutting edge models to a government agency for review and approval on safety and security grounds before their release. Now th ...

>> THIS IS "BLOOMBERG BUSINESSWEEK DAILY," REPORTING FROM THE MAGAZINE THAT HELPS GLOBAL LEADERS STAY AHEAD, WITH INSIGHT ON THE PEOPLE, COMPANIES AND TRENDS SHAPING TODAY'S COMPLEX ECONOMY. PLUS, GLOBAL BUSINESS, FINANCE, AND TECH NEWS AS IT HAPPENS. "BLOOMBERG BUSINESSWEEK DAILY," WITH CAROL MASSAR AND TIM STENOVEC.LIVE ON BLOOMBERG RADIO, TELEVISION, YOUTUBE, AND BLOOMBERG ORIGINALS. CAROL: FRIDAY, MAY EIGHTH, 2026. CAROL MASSAR, TIM STENOVEC, LIVE AT BLOOMBERG HEADQUARTERS.TIM: WE HAVE THREE HOURS TO DO ...

Do you see the momentum continuing. That's a a timing question. What I see is that the macro is very resilient, and there's no reason for the stocks to turn down for as long as we have such a resilient macro economy.We have, of course, AI is super powerful. You know, I I'm starting to think that AI feels a little bit like QE. It's it's almost like unconditional liquidity coming to the market all the time.What we can cause too much Liquidity too much. Cause problems. Exactly.And that's the conversation we wa ...

with regards to to to paying. Look, you know, OpenAI is extraordinary company, right. One in 10 people on the planet use their product um uh every year.But, you know, and and we we think that they're in a wonderful position, but we've also built an incredibly diversified portfolio of companies that use our infrastructure. This this uh uh quarter, we announced Anthropic, we announced a massive deal, $21 billion with Meta. We announced uh you know, a $6 billion deal with Jane Street.uh you know like the the n ...

♪ ANNOUNCER: LIVE FROM WASHINGTON, D. C. , THIS IS "BALANCE OF POWER WITH JOE MATHIEU AND KAILEY LEINZ. >> PRESIDENT TRUMP SOME DOMESTIC WINS, BUT WE STILL HAVE SOME QUESTIONS. THE U.S. SAYS IT IS EXPECTING TO RECEIVE A RESPONSE BACK FROM IRAN TO ITS LATEST PEACE PROPOSAL AS SOON AS TODAY AFTER SKIRMISHES IN THE STRAIT OF HORMUZ TEST THE FRAGILE CEASE-FIRE. WE WILL HAVE MORE THIS HOUR WITH TYLER KENDALL AND ANALYSIS FROM THE WASHINGTON INSTITUTE. DOMESTICALLY THERE WAS REASON TO CELEBRATE FOR PRESIDENT TRUM ...

Time now for our muni moment. New York governor Kathy Hochul's budget includes a proposal taxing multimillion dollar second homes in the city. This solidify mayor Zoramundani's pied a terre levy announcement that featured Ken Griffin's new penthouse in the background, remember.Speaking with Bloomberg at Milken, Pershing Square's Blackman, he pushed back that taxing the ultra wealthy will alleviate the city's economic concerns. Where Mundamy was correct is that New York is not a very affordable place to live ...