By the AFREEQUE newsroom, based on Le Monde
US stock markets fell sharply after disappointing quarterly results from major artificial intelligence companies. Investors are questioning the profitability of the massive sums invested in the sector, Le Monde reports.
FBC Securities recommends that Zimbabwean investors favour shares in companies generating cash and able to withstand an expected economic slowdown next year. The firm is urging caution despite a 13% rise in Zimbabwe’s All Share Index in the third quarter, the Financial Gazette reports.
🇿🇼 Zimbabwe · Source: Financial Gazette (Zimbabwe) ·
Texas Governor Greg Abbott has announced a moratorium on data centres, whose water and electricity consumption is prompting growing opposition. This backlash linked to the development of artificial intelligence is weighing on the US midterm election campaign, without yet taking hold everywhere, Le Monde reports.
🇺🇸 United States · Source: Le Monde ·
Rebeca Grynspan remains ahead in the race for the post of UN secretary-general after the first indicative vote, while Lana Nusseibeh failed to make an impact. The future office-holder is due to take office on 1 January 2027, reports Le Monde.
🌍 World · Source: Le Monde ·
France is mobilising 70,000 police officers and security personnel in response to the announced return of the Yellow Vests, after several weeks of riots and looting. The government, facing high debt and strong opposition ahead of the elections, is seeking to restore order, France 24 Afrique reports.
🇫🇷 France · Source: France 24 ·
Beijing warns foreign brands after Mbappé controversyThe People’s Daily, the official newspaper of the Chinese Communist Party, warned foreign brands that they cannot regard China as merely a consumer market after the controversy surrounding Kylian Mbappé. The Global Times also called for tighter rules on public conduct in commercial contracts, La Nouvelle Tribune reports.
Nigeria to pay vulnerable households 50,000 naira a monthThe Nigerian government will pay vulnerable households 50,000 naira a month under the NERSI programme. The aid, intended to cushion rising living costs, will be paid directly into bank accounts or mobile wallets, with no application or fees, according to Minister Bernard Doro.The week in Africa
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