Bloomberg Daybreak: Europe Edition

Your morning briefing. All the news you need to start your day On today's podcast: (1) Christine Lagarde will leave the European Central Bank with one victory notched up over inflation, camaraderie restored among policymakers and the euro on track to join the digital age. (2) The Bank of Japan held its benchmark interest rate unchanged while indicating for the first time that underlying inflation has reached its 2% target, a milestone that opens the door to a hike as soon as December. (3) Technology shares sold off for a second consecutive day as another round of disappointing earnings accelerated a rotation out of the artificial intelligence trade and drove investors toward haven assets such as Treasuries. Crude oil gained. (4) Binance, the world’s largest crypto exchange, said $6.3 billion of funds are involved in what the industry is describing as crypto’s biggest-ever hack. Digital tokens fell. (5) When the taps suddenly run dry in the low-slung house that Sharlene Smith shares with her ailing mother in Westbury, Johannesburg, the 59-year-old South African is forced to leave the safety of their property, and cross dangerous territory in search of water. Podcast Conversation: One Book and Its Many Adaptations Have Caused a Furor in Poland See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Chancellor of the Exchequer John Healey defended his first budget against criticism that it lacked ambition, while warning Britain would face “hard decisions” about its spending priorities in the years ahead. (2) Federal Reserve Chairman Kevin Warsh on Wednesday left the central bank on track to raise interest rates again this year, even as he stuck to his refusal to offer any explicit guidance on the future path of policy. (3) Traders haven’t increased bets on tightening by the European Central Bank recently despite more upside in oil prices. That’s bad news for the euro. (4) Technology stocks trimmed their losses as the European session neared, after disappointing earnings from two industry heavyweights earlier revived doubts over whether billions of dollars in AI spending will deliver sufficient returns. Oil fell. (5) Oil dropped as traders assessed fresh diplomatic efforts in the Middle East to avert a potential restart of US military strikes on Iran. Podcast Conversation:Healey Defends Scale of UK Budget And Warns Hard Decisions Ahead See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Israeli Prime Minister Benjamin Netanyahu and opposition leader Gadi Eisenkot are neck and neck in the first election since the 2023 Hamas attacks, setting up a tense period of negotiations over who will form the next government. (2) - Oil rose on a report the US may resume military strikes on Iran after next week’s midterms, and as traders tracked a tight Israeli election. (3) UK Chancellor of the Exchequer John Healey said his first budget would deliver “breathing space” for Britain, as Andy Burnham’s new administration seeks to sustain a poll bounce at minimal cost. (4) Bullish bets in US Treasuries are vulnerable to a sharp reversal if the Federal Reserve takes a more aggressive stance at its upcoming monetary policy meeting. (5) Brazilian senator Flávio Bolsonaro arrived in Miami on Tuesday after fleeing his country following a defeat in its presidential election, O Globo reported. Podcast Conversation: Labour's Finance Gurus Are Both Worth Listening to See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Anthropic's initial public offering is laying bare the extremes of the multi-trillion-dollar AI boom business model: extraordinary growth paired with uncertainty about demand and the spending required to continue developing the technology (2) A trio of mega artificial intelligence financing deals announced Monday morning had one name in common: Goldman Sachs. (3) HSBC shares fell more than 5% in Hong Kong after the bank posted earnings that fell short of estimates in the third quarter and kept its outlook for the rest of year unchanged. (4) Israel is holding its first election since the 2023 Hamas attack that traumatized the nation and triggered the wars in Gaza, Lebanon and Iran, a vote many consider to be the country’s most consequential in decades. (5) Markets sold off in record fashion after Lula's win, fueled by fears that he will pursue tepid measures to address Brazil's fast-deteriorating fiscal situation, with high interest rates suffocating the economy and households drowning in record debt. Podcast Conversation: Why I’m Excited About a Bucket of White Paint See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) President Luiz Inácio Lula da Silva came from behind to win Brazil’s runoff election, halting a right-wing wave sweeping Latin America and defying predictions that the 80-year-old political veteran had finally reached the end of his extraordinary career. (2) Serbian longtime leader Aleksandar Vucic surprisingly conceded defeat in a snap vote, handing victory to a student-led movement that built mass support by pledging to fight graft and reverse democratic backsliding. (3) France avoided a repeat of large-scale violence and looting that marred nationwide protests a week ago, suggesting the government’s decision to boost police numbers and contain marches paid off. (4) Venezuelan opposition leader María Corina Machado arrived in Caracas Sunday night, capping a daylong journey through five states that drew crowds of supporters and raised expectations for a return to democracy. (5) Elon Musk said SpaceX has closed a $40 billion debt deal to pay for the chips needed to fuel its artificial intelligence ambitions. People familiar with the discussions, though, told Bloomberg News that talks over pricing were still ongoing. Podcast Conversation:Why the Book World Remains Obsessed With Celebrity Memoirs See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the next monetary policy decision from the Federal Reserve, along with U.S tech earnings. In the UK – a look ahead to the UK's annual budget. In Asia – a look ahead to the next monetary policy decision from the Bank of Japan. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The artificial intelligence trade stayed on the back foot as investors rotated out of one of the year’s hottest themes and sought safety in bonds. Adding to the pressure, crude oil extended its gains. (2) French authorities are bracing for a new round of protests Saturday, rolling out the military to back up police in a bid to prevent a repeat of last weekend’s riots and reassure markets unnerved by the violence. (3) There's a growing divide over how much further the European Central Bank will raise rates, as oil remains above $110 a barrel. (4) Banks, airlines and governments across Europe, Asia and the Americas are pulling down websites to avoid being hacked. Artificial intelligence models helped to find vulnerabilities in a commonly used programming language called PHP. (5) UK consumer sentiment plunged in October as soaring fuel prices brought home the scale of the cost-of-living hit from the Middle East conflict. (6) Britons looking for a flavor of the upcoming first budget of Andy Burnham’s UK government need look no further than the descriptors emanating from Chancellor of the Exchequer John Healey and his officials at the Treasury: Do no harm. Steady as she goes. Focused. (7) President Donald Trump spoke to SpaceX Chief Executive Officer Elon Musk and asked him to lift restrictions on his company’s Starlink satellite system, the Wall Street Journal reported Thursday. (8) With a fresh infusion of cash to his super political action committee in the first two weeks of October, Elon Musk has now given more than $445 million in the current election cycle and become one of the biggest-ever contributors to such groups. Podcast Conversation: AI Agents Are Coming for Bank’s Easy Money See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day.On today's podcast: (1) The yield on benchmark French debt hit 5% for the first time since 2002 as rising energy prices exacerbated concern over the country’s fiscal outlook. (2) The US State Department issued an ordered departure for non-emergency personnel and their families from Saudi Arabia because of the growing threat from Houthi militants in neighboring Yemen. (3) Meta Platforms Chief Executive Officer Mark Zuckerberg told investors that a pricey wager on artificial intelligence is delivering results, setting the stage for the company to bet even more aggressively on the market (4) Tesla pulled back its spending plans after investment last quarter trailed expectations, clouding Elon Musk’s effort to transform the electric vehicle maker into an AI and robotics company (5) European car sales growth accelerated last month, extending a run of gains this year as buyers turn to electric cars, with Chinese manufacturers capturing much of the increase. (6) The European Union reached a provisional agreement to overhaul rules governing the bloc’s securitizations markets, a deal that would unleash billions of euros to finance initiatives in key areas such as defense and climate resilience. (7) UK banks have stepped up lobbying attempts against the prospect of higher taxes, warning of the hit to growth and lending, but many investors have already priced in the risk. (8) Years of war and sanctions are making it harder for Russia's oil producers — including Rosneft, the nation’s largest — to maintain volumes today while developing reserves for tomorrow. Podcast Conversation: The Saxophone Is Back After Decades in the Pop Music Wilderness See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) A recent slowdown of the SpaceX’s Starlink satellite system that enables Ukraine to fend off deadly Russian aerial assaults came from an order by Elon Musk, the company’s chief executive officer, the Wall Street Journal reported on Tuesday. (2) Volodymyr Zelenskyy sought to draw a line under the escalating feud with the US after meeting with Donald Trump’s envoys in Oslo, while the US president kept up pressure on Kyiv. (3) Elon Musk capitalized on a strong quarter of earnings at SpaceX to openly press for combining the business with Tesla Inc. in what would be the biggest merger of all time. (4) Billionaire Ken Griffin said investors are “almost certainly” in the midst of an artificial intelligence bubble as many companies are still grappling with just how much they’ll spend on the technology and how it will transform the economy. (5) There’s a risk the ongoing French bond rout escalates into a euro-area debt crisis that eclipses the blowup that began in Greece nearly two decades ago, warned Franklin Templeton’s fixed-income investment chief. (6) More than half of Britons think markets could severely lose confidence in the UK within five years. The poll from Ipsos and the National Institute of Economic and Social Research found respondents expect tax hikes in the coming budget. (7) Italian Prime Minister Giorgia Meloni heads into next year’s election with no plans to broaden her coalition to include the new far-right National Future party, said one of the co-founders of her Brothers of Italy party. Podcast Conversation: For Racers and the Rich, Caldwell Is Nordic Ski's Gear Guru See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) German Chancellor Friedrich Merz warned against complacency over the dangers posed by Russia, saying that President Vladimir Putin is seeking to not only defeat Ukraine, but to also undermine democracy in Europe. (2) Ukrainian officials say they suspect the US is intermittently restricting intelligence sharing despite Trump administration denials, allowing Russian projectiles to strike Ukraine without warning — including in a ballistic missile attack on Sunday. (3) French protests largely died down after authorities rolled out tougher security measures, including targeted curfews, following cost-of-living protests over the weekend that degenerated into violence, vandalism and looting. (4) Vinted, a secondhand online marketplace that counts France as one of its largest markets, has seen an influx of listings suspected to contain looted items after riots broke out across the country. (5) Shares of data-center infrastructure company Elice Inc. plunged in their trading debut, underscoring lingering concerns about whether the artificial intelligence boom can justify the billions of dollars being poured into the industry. (6) Chancellor John Healey will not increase capital gains tax in the Budget next week, in a decision that will relieve business leaders who warned ministers against such a move. Podcast Conversation: AI Tool Predicts Cancer Survival Chances With Single Face Photo See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) French President Emmanuel Macron said the country felt anger and shame following widespread violence over the weekend and called for order to be restored. (2) Ukrainian President Volodymyr Zelenskyy accused Donald Trump of trying to pressure Kyiv into surrendering to Russia, escalating a week-long row with the US president. (3) Russia’s Vladimir Putin proposed a meeting with President Donald Trump and China’s Xi Jinping next month to discuss ending the war in Ukraine, the Wall Street Journal reported Sunday. (4) The euro fell against most of its Group-of-10 peers as tensions in Ukraine escalated, and widespread protests in France deepened worries about the country’s fiscal health. (5) The UK set out plans for work placements in the professional services and construction sectors as ministers work to get a grip on the country’s youth unemployment crisis. (6) A couple of hundred miles along the Mediterranean coast from Antalya, where Turkey is hosting next month’s COP31 climate summit, sits Adanalioglu Beach. Along its sands, fingernail-sized pieces of shredded plastic in bright, artificial colors regularly wash ashore. Podcast Conversation: ‘Live Audiobook’ Events Turn Reading Into a Night Out See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to US housing data, with a focus on 3 stocks for the week ahead. In the UK – a look ahead to a key summit in Berlin. In Asia – a look ahead to a monetary policy decision from the Bank of Korea. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Federal Reserve Chairman Kevin Warsh did nothing to dispel market expectations that the US central bank will hold interest rates steady when it meets at the end of the month. -Bank of England Governor Andrew Bailey said there is little evidence yet of inflation becoming embedded in UK price and wage-setting. European Central Bank Governing Council member Olli Rehn said policymakers will have additional information at the final rate decision of the year, while suggesting the current policy approach is working. (2) UK Chancellor of the Exchequer John Healey is set to raise taxes on banks to fund cost-of-living support for voters and stabilize the public finances, as he looks for sources of revenue that won’t violate Labour Party campaign pledges. (3) The European Union is preparing to create new trade powers that could completely shut off access to its single market as part of a dramatic new push to cut the trade deficit with China. (4) President Donald Trump didn’t order any limitations on Ukraine’s access to SpaceX’s Starshield satellite technology, according to a senior US official. (5) Three children, ages 5, 8 and 11, and one teacher were killed by a shooter Thursday at an elementary school in Bend, Oregon, according to Police Chief Mike Krantz. (6) The EU will require luxury companies to report how many unsold products they've destroyed and why, starting next March, which could lead to a backlash from customers and give competitors sensitive information. Podcast Conversation: Tesla Showcases Long-Awaited Roadster With Aerial Tricks See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) A global equity selloff deepened as chip stocks plunged on Wall Street and in Asia, further unwinding this year’s blistering rally in the artificial intelligence trade. Treasuries gained on haven demand, while the dollar weakened. (2) Anthropic told prospective investors its third-quarter revenue hit $16.8 billion, according to people familiar with the matter, as the artificial intelligence company pushes ahead with plans to go public. (3) Ukraine will resume strikes on Russian oil refineries in response to deadly attacks by Moscow, President Volodymyr Zelenskyy told the FT. The move comes after the Ukrainian president accused US President Donald Trump and Elon Musk of restraining Kyiv’s military access to SpaceX’s satellite technology, deepening a rift between Washington and Kyiv. (4) After getting China to accept limits to its car exports, the European Union is already eyeing follow-up action in other industries — setting up their next trade clash. (5) UK Chancellor John Healey said he will “stay the path” on plans to bring down borrowing over the next few years as he welcomed the International Monetary Fund’s support for the government’s fiscal plans ahead of the budget. Whether or not John Healey’s Treasury has run a numbered list, they have been both disciplined and agile in knocking down damaging ideas. This Budget may have been dubbed “beige” in this interview on Bloomberg Radio with Barclays Chief UK Economist Jack Meaning Podcast Conversation: A Guide to Navigating UK Leasehold Laws That Still Await Reform See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) An employee at OpenAI was arrested and charged with using a hidden recording device in one of the company’s San Francisco offices, according to statements from the artificial intelligence company and the US Justice Department. (2) Many of Britain’s large businesses are ready to replace staff with artificial intelligence over the next year, according to a prominent survey of chief financial officers. (3) Saudi Aramco’s executive headquarters in eastern Saudi Arabia was hit during a missile attack by Yemen’s Houthi militants on Tuesday, causing a fire in a part of the complex, the kingdom’s energy ministry said. (4) Bank of England Governor Andrew Bailey said that while the impact of the energy-cost shock from the US-Iran war on broader UK inflation has been limited so far, it’s getting harder to avoid. (5) The head of MI5 warned Britons must be resilient in the face of “escalating” Russian hybrid warfare, as the UK’s domestic security service devotes more resources to hostile state threats than during the Cold War. (6) Swiss lawmakers have backed a new special tax for systemically important banks, in the latest blow to the country’s largest lender UBS Group AG. (7) The initial report from the independent regulator of UK football paints a devastating picture of a sport facing a financial crisis unless it changes course. (8) Six months into a war that sowed upheaval in the Persian Gulf, Qatar found itself stuck. By late August, even limited shipments from the gas heavyweight had all but stopped following a projectile attack on one of its tankers outside the Strait of Hormuz. Pressure was growing, not only from energy-starved clients but also from inside an economy built on regular deliveries. (9) Rory McIlroy cast doubt on LIV Golf surviving bankruptcy to continue on as a competitor to the PGA Tour. “It’s hard,” McIlroy said at the Bloomberg New Economy Forum in New Delhi. “It looks like every day that goes by, there’s another player that was on LIV that says that they’re not going to rejoin for LIV 2.0.” Podcast Conversation: Kalshi's Inflation Whale Beats Wall Street, Month After Month See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) A global slide in semiconductor stocks deepened, sending South Korea’s chip-heavy equity benchmark down 7% as concerns about AI overheating and Chinese competition intensified. (2) Globally, comparisons between the subprime episode of 2008 and today’s AI investment boom are being drawn because of the yawning imbalances that underpin both. (3) Big US bank stocks are teetering in correction territory as the group kicks off earnings Tuesday, heightening the focus on executives’ outlook for the American consumer with long-term borrowing costs the highest in decades. (4) The International Monetary Fund said global growth should pick up next year with a boost from AI investment, but warned the world economy is nearing the limits of its resilience as the energy squeeze persists and financial risks build. (5) French high school students are set to hit the streets on Tuesday, extending their movement into a third week with no clear response from policymakers to their demands in sight. (6) A barrage of drone and missile attacks on Saudi Arabia has intensified pressure on Washington to step up efforts to help its close ally battle Iran-backed Houthi militants in neighboring Yemen. (7) UK Prime Minister Andy Burnham said Iran’s Islamic Revolutionary Guard Corps was “almost certainly” responsible for an alleged terror plot at a British airbase used by the US. (8) Prime Minister Peter Magyar galvanized Hungary with his vision of a national makeover following the Viktor Orban era. Now comes the tough task of delivering the economic centerpiece of that plan: a credible road map for euro adoption. Podcast Conversation: Prints Democratize Art — and Can Also Be Collector's Items See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Saudi Arabia’s main airport came under renewed attack from Houthi rebels, a day after a strike on the facility killed 12 people and heaped pressure on the Middle East’s biggest economy as it prepares to host major events that seek to boost foreign investment. (2) President Donald Trump said Sunday that Russia and Ukraine had agreed to an “energy ceasefire” effective immediately. (3) A man who was allegedly plotting an assassination attempt on Polish Prime Minister Donald Tusk has been detained. (4) With an agreement to curb exports of hybrid vehicles to the European Union, China is betting it can sidestep harsher restrictions from the 27-member bloc with a gesture that has little immediate prospect of reshaping the overall trade relationship. (5) Anthropic PBC said its Claude AI model carried out additional unintended actions on the digital systems of outside organizations, including submitting a false tip in a police homicide case, prompting a warning from the Trump administration for artificial intelligence companies to secure their systems. (6) Bond markets are starting to do some of the lifting for central banks around the world by pushing up borrowing costs themselves, potentially reducing the number of benchmark interest-rate hikes needed to get inflation under control. (7) UK Chancellor of the Exchequer John Healey must find £35 billion ($46 billion) to meet the Labour government’s spending ambitions, the Institute for Fiscal Studies warned ahead of the budget later this month. (8) With hundreds of thousands of young French people taking part in nationwide protests, violence flaring and bonds suffering a market rout, investors are losing faith in the European Union’s second-largest economy to get a grip. For Europe, it’s a nightmare scenario. Podcast Conversation: Why Do So Many People Steal From Restaurants They Love? See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI and PPI data, along with U.S bank earnings. In the UK – a look ahead to European leaders meeting in Brussels. In Asia – a look ahead to Japan's Sports Day. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Mobile payments firm Airtel Money is set to start trading on the London Stock Exchange later on Friday, a listing that may mark the largest initial public offering for the bourse in five years. (2) Revolut Chief Executive Officer Nik Storonsky said he wants the digital bank to hold a primary listing in the US, if it chooses to pursue a public offering in the future. (3) Firmus Grid abandoned its attempt at one of Australia’s biggest-ever initial public offerings, after the Nvidia -backed data center company failed to lure global investors who’ve grown increasingly skittish over frothy AI valuations. (4) European Commission finance chief Valdis Dombrovskis urged euro-area member states to observe budgetary restraint, pushing back against a proposal from Italy and Greece to introduce additional leeway. (5) President Donald Trump said in a social media post that the US would “not be attacking Iran” before November’s midterm elections, citing what he said were “productive discussions” with the Islamic Republic. (6) The UK’s Labour Party won a special election for a central London parliamentary seat early Friday morning, providing a boost to Prime Minister Andy Burnham and a blow to the Greens’ leader Zack Polanski. Podcast Conversation: Anthropic bans 'cruel' behavior against its Claude AI See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The European Union is striking a more assertive approach to China as it heads into two days of negotiations in Beijing aimed at avoiding an economically damaging trade war. (2) Secretary of State Marco Rubio used a dramatic backdrop in Greece to remind the world of the Trump administration’s focus on the “unapologetic” pursuit of power and to issue another warning to Europe about the dangers of Western decline. (3) China managed to get a hold of parts from an F-35 stealth fighter jet after a United Parcel Service Inc. employee missed an email warning not to route the shipment through Hong Kong, according to a person briefed on the incident. (4) Oil gained after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a hurricane forced some US output to shut. (5) Samsung Electronics reported a nearly nine-fold rise in quarterly operating profit, though that was still shy of sky-high expectations elevated by relentless spending on AI infrastructure. (6) Ahead of laying out a platform of tax cuts aimed at affluent Britons at her party’s annual convention, opposition leader Kemi Badenoch told journalists: “We are going back to the authentic Conservative Party that people knew and loved.” (7) President Donald Trump is seeking approval from local officials in Florida to designate his West Palm Beach golf course into a permanently-designated presidential retreat that would host summits, world leaders and current and former occupants of the White House. (8) Sandra Ortega, Spain’s richest woman is so intensely private and lives such an ordinary life that investors are wondering what role she might play in the business her parents started — now the world’s biggest fashion retailer. Podcast Conversation: Hedgehog, Puffin Win Contest to Replace Historical Figures on UK Cash See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Beijing made its first official comments on the suspected case of pneumonic plague in Siberia, saying it’s cooperating with Russia as health concerns intensify around the world. (2) Hundreds of French high schools were shut on Tuesday as teacher unions joined a student-led movement demanding more money for education that has spread across the country and sometimes turned violent. (3) Israel marks the third anniversary of Hamas's October 7, 2023 attack on Wednesday, just weeks before an election in which the deadliest day in the country's history will be front and centre. (4) Oil gained as traders weighed increased flows through the Strait of Hormuz against a pickup in Iranian attacks against vessels. (5) On a sprawling property near the Murray River in Australia’s southeast, Andrew Russell is gearing up to harvest one of his best grain crops in years after plentiful rain. But two wars half a world away are souring what should be a celebrated season for the nation’s farmers. (6) Elon Musk’s SpaceX is in talks with banks and investors to raise $40 billion to buy chips from Nvidia Corp., people familiar with the matter said, in what would be among the biggest-ever debt financings for the AI buildout. (7) JPMorgan Chase held its spot as the world’s most advanced bank in artificial intelligence, widening its lead over rivals in an annual ranking that shows AI deployment across the industry is accelerating at a record pace. Podcast Conversation: The most controversial car launch since the electric Ferrari: Jaguar Unveils £130,000 Electric Car in British Brand’s Reboot See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Hundreds of French high schools will shut Tuesday as teacher unions join a student-led protest movement demanding more money for education. (2) The cost of insuring French banks’ bonds against default has jumped above that of other European lenders as concerns about France’s fiscal and political situation spill over into credit markets. (3) Germany and France are urging the European Union to adopt new powers that could sever China or other countries from its single market, as the bloc’s two biggest economies adopt a more confrontational stance ahead of talks in Beijing. (4) President Donald Trump said fresh threats of terror attacks prompted the US to move its B-1 bombers from their base in the UK, contradicting his top diplomat who had earlier described the move as part of a regular rotation. (5) Yemen’s armed forces wrested control of the Red Sea city of Mocha on Monday after battles with the Iran-backed Houthis, according to state-run Saba, which puts the internationally recognized government closer to taking over the vital Bab el-Mandeb Strait. (6) Moonshot AI has closed the final round of private fundraising at a valuation of about $50 billion and is heading toward an initial public offering in Hong Kong in the first quarter of next year, according to people familiar with the matter. (7) Elon Musk is a trillionaire again. The fortune of the world’s richest person jumped by $65 billion on Monday to $1.04 trillion, according to the Bloomberg Billionaires Index, as the value of his stakes in SpaceX and Tesla Inc. rose. (8) The UK economy has outpaced its major European peers in the two years since Labour came to power. That’s not helping the 1.8 million people looking for work. Podcast Conversation: FROGS Is the Name of Europe’s Latest Debt Crisis See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The exodus of the uber-rich from the UK has become a £160 billion problem. That figure, calculated using data from the Bloomberg Billionaires Index, lays out for the first time the vast amounts of money and assets behind those quitting Britain. (2) France’s government now pays more than Italy or Greece to borrow for 10-years, according to Yardeni Research. (3) The Pentagon has removed bombers based at the Royal Air Force base in the UK that was at the center of a suspected attempted terrorist attack last week. (4) Yemen’s internationally recognized government launched a full-scale military campaign to recapture Houthi-held territory after weeks of escalating conflict between the Iran-backed group and Saudi Arabia. (5) The UK is preparing to impose import levies on Chinese electric vehicles to meet a key demand from the European Union, the Times of London reported, in a blow to a group that now accounts for nearly one in four cars sold in the country. (6) Flávio Bolsonaro surged to a surprise lead over Luiz Inácio Lula da Silva in the first round of Brazil’s presidential election, making him the overwhelming favorite to win the runoff and take Latin America’s heavyweight nation sharply to the right. (7) Green party leader Zack Polanski has been banned from Israel after his party adopted a motion equating Zionism with Racism. (8) Slovakia's government of Róbert Fico plans to pass a law that may invalidate witness testimony in a landmark corruption trial. Podcast Conversation: Wall Street's Alpha-Chasing Biohackers Trade Wine for Wearables See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S Mortgage data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to this year’s Nobel Prize decisions. In Asia – a look ahead to China’s Golden Week Holiday. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The Pentagon is deploying an additional aircraft carrier and 10,000 sailors and Marines to the Persian Gulf, according to a US official, a move that gives American commanders more options if President Donald Trump chooses to escalate attacks on Iran. (2) The Trump administration is ramping up pressure on the European Union to release diesel stockpiles, a move seen potentially averting a ban on US exports of the critical fuel. (3) UK police said they arrested a sixth man, a British-Iranian dual national, in relation to an incident near an airbase used by the US to launch strikes on Iran. (4) The 10-year French bond yield risks rising toward 7% if concerns over the nation’s debt sustainability worsens, according to Fivestar Asset Management in Tokyo. (5) UK Chancellor of the Exchequer John Healey will meet banking executives next week, as the sector braces for potential tax hikes in his budget later this month. (6) Chancellor Friedrich Merz said the far-right Alternative for Germany is backed by Russia, stepping up his rhetoric against the ascendant opposition party that won two regional elections last month and leads in all major national polls. Podcast Conversation: Chinese Couples Are Turning Wedding Videos Into Epic Productions See omnystudio.com/listener for privacy information.

In this special episode of the Bloomberg Daybreak Europe podcast, we break down the fresh selloff sweeping global bond markets. UK 30-year gilt yields have hit 6% for the first time since 1998, while the US 10-year Treasury yield has climbed to its highest since 2002. Bloomberg Managing Editor Rachel Evans, Bloomberg TV host Guy Johnson and Bloomberg Director of Global Economics Jamie Rushjoin Caroline Hepker and Nathan Hager to explain what's driving the moves and what they mean for markets and the global economy. 10 Reasons Investors Are Driving Government Bond Yields Higher See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) A pilot of a jet carrying more than 170 passengers to Tel Aviv stabbed his colleague and tried to crash the plane in what Israeli Prime Minister Benjamin Netanyahu branded a serious security incident. (2) The UK’s domestic security service MI5 accused a Chinese academic institute of spying on Britain’s artificial intelligence research. (3) France’s government is set to unveil plans to narrow the budget deficit sharply, kicking off a debate that risks toppling the prime minister and stoking investor concern over the country’s debts. (4) Italian Prime Minister Giorgia Meloni said she plans to ask the European Union for greater fiscal flexibility after the region’s top economies showed a surge in inflation caused by high energy prices. (5) Britain’s Labour government is falling behind on its ambition to borrow more money from regular savers, potentially raising the amount it needs to raise from gilt markets. (6) Swiss glaciers lost over 5% of their ice volume following a hot summer and at least two disappeared altogether, an acceleration of melting that threatens the tourism lifeblood of Alpine communities. Podcast Conversation: Elite $30,000 Sheepdogs Are Putting Tiny UK Town on Global Map See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Andy Burnham set out a radical vision to change the country in a keynote speech to the Labour Party's annual conference, taking on controversial issues such as reversing Brexit and changing Britain's electoral system. (2) The latest official figures showed there were 45,000 more 16-24 year-olds leaving than arriving in the UK in 2025, with many young people looking abroad for opportunities due to a challenging labor market. (3) Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan and Goldman Sachs (4) President Donald Trump endorsed using outside auditors to assess the safety of artificial intelligence systems through an accord with Silicon Valley leaders that seeks to sidestep new government rules in addressing a groundswell of concern over AI risks. (5) Jordan Bardella, the head of the far-right National Rally, said he’s asked his lawyer to lodge a lawsuit after a French online news site published an article alleging he made a series of antisemitic comments over a decade ago. (6) The Premier League said Manchester City artificially boosted its financial results by more than £900 million ($1.2 billion), with the club guilty of all charges related to serious breaches of financial rules. Podcast Conversation: The AI Writing Controversy Doesn’t Extend to Many Workplaces See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, threatening to prolong the war’s energy shock. John Authers: What’s Going to Break in the Bondpocalypse? A negative surprise in upcoming US data might be the only thing to arrest bonds’ slide. (2) The UK government is privately lobbying the Trump administration for an exemption from any potential US diesel export ban. (3) Andy Burnham will set out his pitch for honest political debate as the antidote to populism as he reveals his plans for taking on thorny issues, from Britain’s expensive social care system to its creaking water infrastructure. (4) Rising bond yields will curb economic expansion and limit the transfer of elevated energy costs to inflation, European Central Bank President Christine Lagarde said. (5) The global AI industry needs to earn $6 trillion in annual revenue by 2031 to justify the capital being deployed to build data centers around the world, Bain & Co. said. (6) Europe's gas storage sites are at their lowest ever level for this time of year due to the loss of Russian pipeline gas and fears about a tight LNG market. Podcast Conversation: At an Angry Time, the Business of Rage Retreats Is Booming See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) UK police were investigating a potential terrorism incident after five men were arrested near an air base used in US strikes on Iran, with President Donald Trump saying the suspects were “looking to do big damage” to the facility. (2) As Britain’s governing Labour Party gathers in Liverpool for its annual conference, one notable figure is trying to maintain a low profile: Chancellor of the Exchequer John Healey. (3) Iran stuck to its seven-day proposal for reopening the crucial Strait of Hormuz, saying it won’t soften its conditions, while President Donald Trump sent mixed signals about his willingness to reach a deal. (4) The bond market is on the brink of signaling that a series of Federal Reserve interest-rate hikes will start shifting the narrative toward the risk that the US economy stalls out. (5) One in six companies in western Europe is under financial strain as rising leverage leaves businesses more vulnerable to shocks, according to Boston Consulting Group. (6) If artificial intelligence becomes too powerful for its creators to control, is it possible to just flip a switch and turn it off? That question has taken on new urgency after a burst of stark warnings in recent weeks from inside the AI industry about the existential threat posed by advanced models. Podcast Conversation: The Ultrarich Are Spending Millions to Set Travel Records See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the September jobs report with a focus on 3 stocks for the week ahead. In the UK – a look ahead to UK Prime Minister Andy Burnham's plans ahead of his first conference as Labour Party leader. In Asia – a look ahead to the coming decision from the Reserve Bank of Australia. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, according to a person familiar with the discussions. (2) NATO Secretary General Mark Rutte said a shortage of oil refining capacity in Europe could leave the continent exposed in the event of a war. (3) As yields on US Treasuries soar past one high after the next, a reality is sinking in deeper across Wall Street and Washington: More than merely a bond-market slump, this might just be a fundamental shift. (4) France’s far-right leader Marine Le Pen indicated she may refrain from trying to topple the government over the 2027 budget to avoid a bond market crisis and to give her more leeway to make tax and spending changes if she’s elected president in May. (5) Luminaries from Wall Street and Silicon Valley joined President Donald Trump for a state dinner honoring his Chinese counterpart Xi Jinping, in a demonstration of US technological and financial might. (6) Some billionaires with UK tax obligations are pushing back against sweeping requests for information from local authorities seeking to map out their wealth and financial structures. (7) From Italy to Japan to Brazil, officials are experimenting with novel ways to entice plumbers and mechanics and teachers to buy bonds. In Romania today, a retail investor program, which includes better bond yields for blood donors, provides close to a fifth of the government’s entire borrowing needs. Podcast Conversation: Workplace War Over Iced Lattes Isn't About Coffee See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Treasury Secretary Scott Bessent announced the US and China have sealed a two-month extension to their trade truce, as Xi Jinping landed in America for his first state visit in eleven years. (2) The Chinese government has taken possession of potentially sensitive F-35 stealth aircraft parts that were inexplicably diverted to Hong Kong while being sent to the US from Australia, people briefed on the incident said. (3) Canadian Prime Minister Mark Carney said he’d looked at “extreme tail risk” when asked by the New York Times about whether he’d taken seriously the risk of US military action against his country. (4) An OpenAI model hacked an Australian government website earlier this year, marking one of the first known cyberattacks by AI on a government database. (5) Meta Platforms unveiled a palm-sized, dedicated gadget for using Muse, the company’s popular new artificial intelligence assistant, pushing deeper into the AI devices market with a surprise announcement. (6) The losses in the US Treasuries market intensified on Wednesday as robust economic data and a weak debt auction drove yields across most maturities to the highest levels in almost two decades. (7) UK Prime Minister Andy Burnham hinted he doesn’t want his government to repeat the tax rises of recent Labour budgets, as Chancellor of the Exchequer John Healey prepares for a tricky financial statement on Oct. 28. (8) Less risky than cocaine: the counterfeit cigarette industry is proliferating across Europe as rising taxes on tobacco products create an increasingly lucrative market for organized crime. Podcast Conversation: Bentley Unveils First Electric Car, a Merino-Lined Luxury SUV See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) President Donald Trump said US officials had “very good” talks with Iranian envoys in New York, reviving fragile hopes for a new diplomatic off-ramp hours after he again threatened to annihilate the country. (2) US President Donald Trump criticized a UK deal over the Chagos Islands during his first-face-to-face meeting with Prime Minister Andy Burnham, dealing a blow to the British leader in an otherwise warm encounter. (3) Donald Trump dismissed calls for an international agreement to put guardrails around the development of artificial intelligence, brushing off concerns about the dangers of frontier models going rogue. (4) With next month’s budget looming, an influential group of backbench MPs has mooted a solution to the shortsightedness besetting UK policy making. (5) Traders are shielding themselves from the possibility that the Federal Reserve raises interest rates less than markets are currently pricing in. (6) The man tipped to become Morocco’s next prime minister made a bold promise as he addressed a campaign rally under a traditional tent near Casablanca: “The World Cup final will be here in Ben Slimane province, whether they like it or hate it,” Fouzi Lekjaa declared to applause. Podcast Conversation: Apple Developing New Fitness Tracker Aimed at Rivaling Whoop See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Global AI stocks rallied, with Taiwanese shares returning to a record high, as early signs of success for Meta Platforms Inc.’s personal agent revived optimism over demand for chips. (2) The UK has agreed to support Saudi Arabia’s military in countering the Houthis, as the kingdom comes under frequent attack from the Iran-backed militants. (3) French President Emmanuel Macron said he discussed the idea of a moratorium on deep strikes against energy assets between Ukraine and Russia at a meeting with Donald Trump in New York. (4) The UK has agreed to support Saudi Arabia’s military in countering the Houthis, as the kingdom comes under frequent attack from the Iran-backed militants. (5) China and the EU should find a way to avoid a confrontation over trade, Foreign Minister Wang Yi said — comments that come as a deadline to find solutions to the two sides’ differences approaches. (6) During the Cold War, the Soviet Union’s smallest republic was an electronics and tech center for the Communist superpower. Now Armenia is on track to become one of the world’s top hubs for American AI infrastructure. Podcast Conversation: UN Scrambles to Avoid a Repeat of Trump’s 2025 Escalator Snafu See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Friedrich Merz said he would stay put as German chancellor even after his party suffered its worst-ever result in a state election, with a tally showing the conservatives crashing out of a regional assembly for the first time in the country’s post-World War II history. (2) US Treasury Secretary Scott Bessent lauded “very successful” talks with his Chinese counterparts on artificial intelligence, trade and investment, while China described the discussions as positive ahead of this week’s summit between leaders Donald Trump and Xi Jinping. (3) Ukrainians are already drawing up contingency plans for what threatens to be the worst wartime winter yet. (4) Qatari Energy Minister Saad Al-Kaabi said Treasury Secretary Scott Bessent was “wrong” when he said that the strategic Strait of Hormuz will be worthless in two years. (5) Citigroup Chief Executive Officer Jane Fraser said that companies are racing to build up their defenses as artificial-intelligence models become even more powerful and risk spurring cyber attacks. (6) Tue Vuong, chief executive officer of Golden Wheat, was told his wheat shipments from the Black Sea wouldn't get shipped due to the escalation in Russia's war with Ukraine. Podcast Conversation: The Miniatures Boom Is Becoming Big Business See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – we look at upcoming home building data In the UK – we preview elections in Germany In Asia – we discuss President Xi's visit to the US this week See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) The Bank of Japan raised its benchmark interest rate in a split decision showing dissent within the board as it confronts mounting inflation risks and unusually explicit calls for further policy normalization from Washington. (2) The European Central Bank must get inflation under control as failing to do so would endanger economic expansion, Governing Council member Ante Zigman warned. (3) After the early optimism of Andy Burnham’s premiership, the UK’s new prime minister now finds himself right where he didn’t want to be: at the mercy of bond markets. (4) DoubleLine Capital chief executive Jeffrey Gundlach warned that the next US downturn could trigger a debt crisis that sends long-term Treasury yields sharply higher — defying decades of conventional wisdom that bonds will always serve as safe haven during times of economic strife. (5) The Trump administration will allow the core members of an Iranian delegation to travel to the United Nations in New York for the General Assembly next week, the State Department said, even as the US and Iran remain at war in the Middle East. (6) ExxonMobil Holdings Corp. says the world is on course for rapid global temperature increases as coal use persists, pushing emissions beyond mid-century climate goals. (7) It's the start of London Fashion week - haute couture sitting alongside high street and emerging young designers. Podcast Conversation: AI Is Turning Beauty Standards Into Facial Scores See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) A year ago, when Kevin Warsh was angling to lead the Federal Reserve, he called out the central bank for keeping interest rates too high and touted a technological revolution that would spur growth without driving inflation. (2) The Bank of England is expected to hold interest rates as it waits for more evidence that a fresh bout of inflation risks a damaging wage-price spiral. (3) Britain’s monarch plans to ask some of the most critical figures in artificial intelligence for reassurances the technologists can keep their inventions under control. (4) President Donald Trump floated hitting goods imported from the European Union with fresh tariffs or even cutting off some trade if he determined that a push to make Canada a potential associate of the bloc was harmful to the US. (5) Europe is set for one of its smallest ever potato harvests after a succession of heat waves and lingering drought battered the water-hungry staple. (6) The central square in Kozani has what you’d probably expect from a small Greek city. There’s an Orthodox church, the mayor’s office and a crop of tavernas and cafes. There’s little to suggest it lies at the heart of a transition that the country has a lot riding on. Podcast Conversation: 1,400 New Words and Definitions Added to Merriam-Webster.com See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Tensions between Russia and Europe are intensifying after a string of security incidents across the continent. The growing tensions between the EU and Russia come as Ursula von der Leyen delivers her State of the European Union speech this morning (2) Senior Trump administration officials met Tuesday with Anthropic PBC’s top Washington executive to discuss artificial intelligence safety risks. (3) The Federal Reserve is expected to lift interest rates on Wednesday for the first time since 2023 as policymakers lose confidence that inflation will cool sufficiently without at least a nudge from the central bank. (4) Prospects for an extension to the US-China trade truce are solidifying as the two sides discuss slashing tariffs on goods including American energy and agricultural products ahead of the leaders’ summit next week. (5) Swiss voters are set to reject a proposal to tighten the country’s neutrality this month, preserving the government’s freedom to interpret the doctrine flexibly. (6) Across Germany, government bodies are surveying the country's healthcare systems and infrastructure to see how — or if — they would stand up in a defense scenario against Russia. Podcast Conversation: Eleven CEOs and Founders Share Their Own End of the Year Goals See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Nvidia Chief Executive Officer Jensen Huang took a live phone call from Donald Trump during a panel discussion Monday, allowing the US president to dismiss artificial intelligence dangers as a “hoax.” (2) The US 10-year Treasury yield surpassed 5% for the first time since 2023 on Monday, as mounting inflation angst collided with swelling government and corporate borrowing needs. (3) President Donald Trump’s daughter-in-law said a Russian oligarch paid for “two incredible nights of celebration” in the Bahamas after her wedding to Donald Trump Jr. but was not involved in the actual nuptials, amid fresh ethics questions involving the first family. (4) President Donald Trump and Ukraine offered differing accounts of a supposed agreement with Russia to stop attacks on energy infrastructure, as strikes on oil refineries help drive diesel prices to record levels. (5) The US Supreme Court refused to clear the Postal Service to enforce new restrictions on mail-in ballots for the congressional midterm elections, rebuffing the Trump administration’s request to intervene after several states launched early voting. (6) Prime Minister Andy Burnham is considering whether to help Saudi Arabia counter attacks from the Houthis in Yemen amid UK concerns about a worsening economic hit from the escalating conflict. Podcast Conversation: Business School ROI Calculator: Will an MBA Pay Off for You? See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) OpenAI CEO Sam Altman has stepped up calls to slow the development of the most powerful AI systems, putting him directly at odds with President Trump. Writing on social media this morning, Altman said no amount of American competitive pressure should justify recklessness. (2) Sweden’s election will go down to the wire, the tightest in its history, and one that will hinge on the complete counting in coming days of late-arriving ballots and votes from overseas. (3) Oil pushed higher as Saudi Arabia’s closure of a major crude pipeline following attacks jolted the market, with the move disrupting a route that’s been key to bypassing the Strait of Hormuz during the US-Iran war. (4) The locomotive of a passenger train traveling from Kyiv to Warsaw was hit by a Russian drone just kilometers from the Polish border on Sunday morning. The attack happened minutes after another train carrying European officials including former Swedish Prime Minister Carl Bildt and former UK Prime Minister Boris Johnson left the station on the way back from an annual conference in Kyiv. (5) Prime Minister Andy Burnham says Britain needs a “culture shift” to make it easier to start companies and reward risk-taking, as he sought to quell the concerns of business leaders before next month’s budget. Podcast Conversation: During Political Upheaval, British Cinema Turns to Class War See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the next FOMC decision, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to Sweden’s general election. In Asia – a look ahead to the next monetary policy decision from the Bank of Japan. See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. (2) Brent oil traded near $108 barrel after fighting between Yemen-based Houthi militants and Saudi-backed forces intensified, stoking fears of deeper supply disruptions as hostilities escalated across the Middle East. (3) European Central Bank officials expect to raise interest rates further, with another increase possible as soon as next month, according to people familiar with the situation. (4) OpenAI is considering slowing down the development of cutting-edge artificial intelligence, and the ChatGPT maker’s Chief Executive Officer Sam Altman is hoping other AI companies will do the same. (5) Billionaire financiers Mark Walter and Todd Boehly are nearing a deal to sell their stakes in Chelsea FC to majority owner Clearlake Capital, according to people familiar with the matter. (6) The Dutch authorities are considering a major expansion of infrastructure in the Moerdijk area, potentially requiring the village's residents to leave and the village to be razed. The expansion is needed to accommodate the Netherlands' changing energy system, with the region's energy needs keeping rising and the demand for grid capacity growing faster than networks can be expanded. Podcast Conversation: Japan’s Rice Balls Are Invading the UK: Howard Chua-Eoan See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Traders are boosting bets on interest-rate hikes from the European Central Bank and the Bank of England as climbing energy prices threaten to keep inflation entrenched through the coming year. (2) Iran is ready for a more intense war and will escalate counterstrikes if the US continues attacking its territory and infrastructure, according to a senior official from the Islamic Republic. (3) Apple unveiled the company’s first foldable smartphone during a wide-ranging event Wednesday, betting that a new category can energize growth for its biggest-selling lineup. (4) An unprecedented number of US companies sold bonds in Europe on Wednesday, drawn by liquidity and attractive terms as their home market strains under a deluge of AI-related debt. (5) Jimmie Åkesson won’t become prime minister in coming elections in Sweden but in a way he’s already won. For more than a decade now, the 47-year-old far-right populist has been steering the national conversation in one of most stubbornly progressive corners of Europe. See omnystudio.com/listener for privacy information.