Party Of Mandela Humiliated At Polls & Macron's Global Ambitions Damaged

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) South Africa's African National Congress has begun talks with rivals to form a government following its worst performance since Nelson Mandela led it to power at the end of apartheid in 1994. 

(2) Keir Starmer will today pitch Labour as the "party of national security" in a bid to squeeze Rishi Sunak's Conservatives on traditional Tory turf as the rivals prepare to face off in a UK election debate on Tuesday.

(3) Claudia Sheinbaum is set to become Mexico's first female leader in a landslide victory, capitalising on outgoing President Andres Manuel Lopez Obrador's popularity while also inheriting rampant criminal violence and a large fiscal deficit left by his government.

(4) Oil swung between gains and losses after OPEC+ set out a plan to restore some production as early as October, despite concerns over the demand outlook and robust supply from outside of the group.

(5) Emmanuel Macron wants to strengthen France's global influence. Unrest on an island territory thousands of miles from Paris is a huge test for that ambition  

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