Horizons Middle East & Africa 11/4/2025

Norwegian Cruise Line Holdings Ltd. experienced its largest decline since April, as yield and profit forecasts for the current quarter fell short of Wall Street's expectations, indicating a softer business outlook.

Bloomberg Crypto highlights the increasing impact of cryptocurrency in Washington, featuring insights from key figures like Perianne Boring and Fred Thiel. Their discussions shed light on the evolving landscape of decentralized finance and its significance in shaping policy.

COP30 President Andre Correa do Lago expressed his views on the absence of the American government at the upcoming COP30 summit in Brazil. He noted that while the US economy will still be represented through businesses and universities, he would have preferred a direct government presence. This highlights the ongoing discussions about the role of government versus private entities in addressing climate change, making it a significant point of consideration for the summit.

Jaime Magyera from BlackRock highlights how women are set to benefit from the upcoming 'Great Wealth Transfer,' where significant wealth will be passed down through generations. This discussion is crucial as it sheds light on women's investment habits, risk tolerance, and philanthropic interests, empowering them to make informed financial decisions. Understanding these trends can help women navigate their financial futures more effectively.

Pivotal Ventures and the Aspen Institute have teamed up to launch a significant $60 million grant aimed at workplace innovation. Erin Harkless Moore, Vice President at Pivotal Ventures, shared insights on this initiative during her appearance on Bloomberg Businessweek Daily. This grant is crucial as it not only focuses on enhancing workplace environments but also addresses the pressing needs of the family care economy, making it a vital step towards supporting women and families in the workforce.

JBS, under the leadership of CEO Gilberto Tomazoni, is making significant strides in sustainability by committing to track its entire cattle supply chain in Brazil. This initiative aims to lower emissions and combat deforestation, addressing critical climate challenges ahead of COP30. The company's proactive approach not only highlights its dedication to environmental responsibility but also sets a precedent for the agriculture industry, showcasing how businesses can contribute to climate goals.

Roberto Rossi, the President of Schneider Electric Brazil, recently highlighted the evolving energy landscape during a discussion with Bloomberg's Felippe Velloso at COP30 in Sao Paulo. This conversation is significant as it sheds light on how the demand side is reshaping the energy transition, emphasizing the importance of adapting to new energy needs and sustainability goals.

At COP30 in Sao Paulo, key figures from JPMorgan, Standard Chartered, and IDB Invest gathered to discuss innovative ways to value nature in economic terms. This conversation, led by Bloomberg's John Ainger, highlights the growing importance of integrating ecosystems into financial markets, which is crucial for sustainable development. As climate change continues to impact our world, these discussions are vital for fostering a more sustainable future.

Rush Enterprises B stock has reached a concerning 52-week low, trading at $49.11. This decline raises questions about the company's performance and market conditions.

IBM is reportedly planning to cut thousands of jobs, raising concerns about the future of employment within the company. This move reflects ongoing challenges in the tech industry and could impact many employees.

Apollo has decided to withdraw its bid to take the pizza chain Papa John's private at $64 a share, according to sources. This move raises questions about the future of the company and its strategic direction.

As Wall Street prepares for the upcoming NYC mayoral vote, analysts are also keeping an eye on the governor races, which could provide insights into the midterm elections. The political landscape is shifting, and the outcomes may influence economic forecasts.

A judge has ruled that the Trump administration may reconsider the approval of the SouthCoast Wind project. This decision opens the door for potential changes in the project's future, reflecting ongoing debates about energy policies and environmental impacts.

Gestamp's recent presentation for the first nine months of 2025 revealed a rise in profitability, even as revenue experienced a decline. Despite this positive news, the company's stock saw a dip, raising questions about market reactions.