Known for its nightmare traffic and badly maintained roads, getting to work in Nigerian capital Lagos is a daily ordeal that often lasts hours. Sensing an opportunity, a growing number of ride hailing services have stepped into the chaos -- bringing order to the "okada" motorbike taxis that have long whizzed perilously around Lagos.
Asia is bracing for the latest U.S. Treasury report on foreign currency manipulators, coming in the middle of a trade war that shows no sign of ending. The twice-yearly report is due in coming weeks and will likely see the return of Singapore, Malaysia and Vietnam on the watchlist. Nasreen Seria reports on "Bloomberg Markets: Asia."
Michael Burry shot to fame and fortune by betting against mortgage securities before the 2008 crisis, a trade immortalized in “The Big Short.” Now, Burry sees another contrarian opportunity emerging from what he calls the “bubble” in passive investment. Bloomberg Intelligence's James Seyffart has more on "Bloomberg Markets."
Timothy Stratford, chairman at AmCham China and managing partner at Covington & Burling, discusses the ratcheting up of tensions between the U.S. and China and what it means for the trade talks and U.S. companies doing business in China.
Donald Trump acknowledged having second thoughts on escalating the trade war with China -- only for his top spokeswoman to later say he meant he regretted not raising tariffs even more. Meanwhile, China is “seriously making” preparations for relations with the U.S. to deteriorate, according to Global Times’ editor-in-chief Hu Xijin. Bloomberg's Ros Krasny and Tom Mackenzie report on "Bloomberg Daybreak: Australia."