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

On today's podcast:

(1) President Cyril Ramaphosa came to the White House looking to persuade President Donald Trump to stop floating the conspiracy theory that there’s a genocide against White people in South Africa. Instead, the man who’d helped negotiate the end of apartheid walked into a trap.

(2) Two members of the Israeli embassy’s staff were fatally shot outside the Capital Jewish Museum in Washington on Wednesday night, Homeland Security Secretary Kristi Noem said.

(3) The UK urged its Group of Seven allies to agree a cut to the price cap on Russian oil, saying the move is necessary to put further pressure on President Vladimir Putin to end Russia’s war in Ukraine.

(4) In the world’s biggest bond market, investors are pushing back against President Donald Trump’s tax-cut plan.

(5) Britain’s Labour government will make its sharpest U-turn since returning to power by limiting cuts to pensioners’ subsidies, as it puts the electoral threat posed by Nigel Farage ahead of lingering concern about the public finances.

Podcast Conversation: As F1 Has Grown in the US, So Has the Market for Memorabilia

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Oil jumped following a CNN report that new US intelligence suggests Israel is preparing for a potential strike on Iranian nuclear facilities.

(2) European and UK officials ratcheted up pressure on Israel over its latest offensive in Gaza, expanding the international outcry over the humanitarian crisis caused by the conflict.

 
(3) Canadian Finance Minister Francois-Philippe Champagne said Group of Seven countries have started discussing tariffs on oversupplied, low-value Chinese products.

(4) Elon Musk said he’s committed to still leading Tesla five years from now and expects to pare back his political spending, assuaging some investors’ concerns about the future of his most valuable company.

(5) UK Chancellor of the Exchequer Rachel Reeves will hold talks with US Treasury Secretary Scott Bessent this week, as the two countries continue to finalize the details of an agreement to cut tariffs imposed by President Donald Trump’s administration.

Podcast Conversation: Start Your Day Like a Boss: What CEOs Listen To on Their Commutes

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

On today's podcast:

(1) After two hours talking with Putin, Trump said on social media that Ukraine and Russia would “immediately start negotiations” toward a ceasefire — but possibly without the US. There was no sanctions threat, no demand for a time-line, and no pressure on the Russian leader.

 
(2) Prime Minister Keir Starmer heralded a “landmark deal” between the UK and the European Union on Monday that he billed as a reset moment for relations under his government. Still, with many details unresolved, Brexit never quite seems to be over.

(3) Israel will take over the entire Gaza Strip, Prime Minister Benjamin Netanyahu said on Monday, as the military announced it would carry out an “unprecedented attack” on Hamas.

(4) The Bank of England is considering ways to loosen post-crisis rules that forced banks to separate their retail and investment banking arms after a number of UK lenders called for the regime’s removal.

(5) Washington lawmakers are risking a “fiscal disaster” if a recession hits as they plow on with their package of sweeping tax cuts, according to Guggenheim Securities Co-Chair Jim Millstein.

(6) JPMorgan Chase Chief Executive Officer Jamie Dimon warned against complacency in the face of a slew of risks, citing everything from inflation and credit spreads to geopolitics.

Podcast Conversation: Nine Travel Products That Will Make Summer Vacation a Breeze

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) UK and European Union negotiators worked into Sunday evening in a bid to reset post-Brexit relations under Keir Starmer’s new Labour government ahead of a summit in London.

(2) Investors faced yet another bumpy start to the trading week with US assets coming under fresh pressure, although it’s mounting concern over American debt rather than tariffs generating the volatility this time.

(3) Vladimir Putin believes he has a strong hand ahead of a phone call Monday with Donald Trump and European leaders are trying to prevent the US president from rushing through a deal.

(4) A rising number of Americans are exploring a move overseas to escape the tumult of Donald Trump’s administration. But those looking to Europe are seeing their options narrow by the day.

(5) Former US President Joe Biden has been diagnosed with an aggressive form of prostate cancer, his office announced.

(6) Scottie Scheffler has pulled away to win the PGA Championship for a third major title.

Podcast Conversation: London's Alfresco Dining Revival Has One Obstacle: Londoners and When Your Favorite Restaurant Becomes a Statistic

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We wanted to bring you an episode from another podcast we think you'd like. Here's a special episode from our UK Politics team.

The UK is hugely dependent on overseas workers in the social-care sector, supporting the elderly, vulnerable and disabled. After a year-long investigation, Bloomberg has uncovered how potential migrants are being conned out of millions of pounds. Our trade and migration correspondent Lucy White explains how the system is being abused and what it means for a Labour government trying to cut immigration. Hosted by Stephen Carroll and Yuan Potts.

Listen to the Bloomberg UK Politics podcast on Apple, Spotify or anywhere you listen.

Read the full investigation.

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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to a look ahead to home sales data and earnings from Target.
• In the UK – a look ahead to the Qatar Economic Forum.
• In Asia – a look ahead to earnings from Baidu.
  
  
  

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Keir Starmer's plan to reset Britain's relationship with the EU has been met with challenges, particularly on immigration and defense, during negotiations with European leaders.

(2) Hopes faded for a Ukraine ceasefire after Vladimir Putin sent a low-level delegation to talks in Turkey, while attention shifted to bids on Capitol Hill for fresh sanctions to bring the Russian leader to the negotiating table.

(3) At least five sizable companies are considering initial public offerings on European stock exchanges in the coming weeks, taking advantage of easing market volatility.

(4) Britain may be able to squeeze more out of its richest 1% despite them already paying a quarter of all personal tax revenues, according to the UK spending watchdog.

(5) Exclusive: UK Visa Scams Squeeze Millions From Would-Be Care Workers. Recent changes to immigration policy won’t do anything for people who’ve been exploited while seeking jobs in the UK. But they may worsen the care-worker shortage.

Podcast Conversation: Why Are the British Becoming So French?

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:

(1) Russian President Vladimir Putin named a group of low-level officials to represent his government at talks with Ukraine in Turkey, and gave no indication that he planned to join the negotiations.

(2) Foreign ministers in NATO are gathering to discuss the future of European security. The diplomats meet in Turkey this morning to establish the agenda for the alliance's annual summit in June, where the US has made a higher defense spending target a priority.

(3) Burberry’s new boss is calling time on the British fashion label’s decade-long attempt to join the upper ranks of global luxury.

(4) The White House said President Donald Trump had secured deals totaling more than $243.5 billion with Qatar, laying the groundwork for a bigger $1.2 trillion economic pledge with the tiny Gulf country.

(5) The UK is drawing up plans for a special visa for foreigners who invest significant sums in Britain, as Prime Minister Keir Starmer’s government seeks to blunt the economic blow from recent tax hikes and wider curbs on work permits.

(6) Stephen Jen, a long-time market veteran who runs Eurizon SLJ Capital, has become so discouraged by the fiscal largesse he’s seen from the new administration that he’s started to wonder if the US needs a bond-market blowup akin to the one that did in UK Prime Minister Liz Truss’s government to force it to change course. 

Podcast Conversation: Uber Eats Is the Newest Place to Book Prime Restaurant Tables

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

On today's podcast:

(1) The Trump administration is clearing a path for two key Persian Gulf allies to pursue their artificial intelligence ambitions — and some of the biggest US tech companies are seizing on that opening with plans to spend billions of dollars in the region.

(2) President Donald Trump and Saudi Crown Prince Mohammed bin Salman touted a pledge for $1 trillion in commercial deals in Riyadh on Tuesday, a staggering figure that doesn’t quite stand up to scrutiny.

(3) President Donald Trump said a luxury jet being offered by the government of Qatar would be used as a temporary Air Force One, indicating an intention to accept a gift that has sparked ethical and security concerns in Washington.

(4) It's only been 6 weeks since the UK's non-dom tax regime ended. It gave wealthy individuals favourable tax treatment for overseas earnings. Now Italy is proving an early winner in the race to attract wealthy investors from the UK.

(5) NATO allies have started cobbling together an agreement to significantly boost defense spending in a way that may assuage US President Donald Trump’s demand to spend 5% of economic output on the military.

 
(6) The UK and EU are in the toughest stage of talks to agree a common security pact, Defence Secretary John Healey said, as the government seeks to secure access to European spending programs for British firms.

Podcast conversation:The Designer Who Taught American Women How to Dress

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

On today's podcast:

(1) UK pension fund managers have agreed to invest at least 5% of their assets at home, marking a win for the Labour government that’s seeking to boost the economy by drawing billions of pounds into local startups and infrastructure projects.

(2) Most Asian stock markets rose, following a rally in US equities, on optimism the US-China trade truce marks the end to an all-out tariff war.

(3) Xi Jinping’s decision to stand his ground against Donald Trump could hardly have gone any better for the Chinese leader. 

(4) UK counter-terrorism police are investigating a fire that took place in the early hours of Monday morning at a residential London home owned by Prime Minister Keir Starmer.

(5) Apple is planning to use artificial intelligence technology to address a frequent source of customer frustration: the iPhone’s battery life.

Podcast conversation: 
Samsung Debuts $1,099 S25 Edge, Kicking Off Wave of Thin Phones

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