The intergenerational transfer of wealth is underway. The only question is how the government will manage it.

From free burgers and ride-hailing services to hip-hop concerts and discounted gasoline: South African banks are going all out to win customers as competition hots up.

Thank goodness for Australia.

Accor SA will open 60 new hotels in 14 countries in Africa in the next four years, its Chief Executive Officer for Middle East and Africa Mark Willis said.

AT&T Inc.’s WarnerMedia agreed to sell space in a Manhattan tower for $2.2 billion to real estate giant Related Cos., helping the telecom giant pay debt.

Welcome to Wednesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

A key lending gauge shows the Bank of Japan no longer needs to buy shares in real estate investment trusts as risks to the financial system pile up, according to a former executive director of the central bank.

New homes in London used to fly off the shelves even before construction was finished. Now the capital faces a record glut of unsold units as the housing slump deepens.

Sales of new U.S. homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs.

The developer building Facebook Inc.’s new waterfront office hub just south of San Francisco has gotten $515 million of financing for the project, which will house the technology giant’s Oculus virtual reality arm.