Feb 14, 2018

Zuma resigns as South Africa's president

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South African President Jacob Zuma has resigned ahead of a no confidence vote that would have removed him from power. He has been dogged by corruption scandals and abandoned by his party, the ruling African National Congress.

"No life should be lost in my name. The ANC should never been divided in my name. I have therefore come to the decision to resign as president of the Republic with immediate effect."
— Zuma announcing his resignation

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Scoop: Amazon's local podcast play

Illustration: Sarah Grillo/Axios

Amazon is looking to invest in localized podcast content, like news and sports, sources tell Axios. Sports content is top of mind as the company plans to buy up more TV rights and have adjacent audio content for users.

Why it matters: Amazon sees a strategic advantage in podcasts by leveraging Alexa voice tech to help users discover personalized content.

The oil stakes of Trump vs. Biden

Reproduced from Rapidan Energy Group; Chart: Axios Visuals

U.S. oil production is in a steep decline, but one question is how much November's elections will affect how much it does — or doesn't — bounce back.

Why it matters: The powerful price and demand headwinds from the coronavirus pandemic are creating a financial crisis in the oil patch.

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