Flash Briefing: Last 5 years hottest ever; Atlas Mara buys into SA, dumps Diamond; World Bank critic becoming its MD; US techs beat Bear

Reports released last night show that recent years are the hottest ever measured – and that there is worse to come. US tech stocks have rebounded strongly in the past month and a half, taking the Nasdaq index to its second fastest reversal of a 20% decline – the definition of a bear market. US president Donald Trump last night nominated senior Treasury official David Malpass to take over as CEO of the World Bank. In South African related news, ambitious pan African banking giant Atlas Mara has made its first foray into the continent’s most sophisticated financial market.