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

On today's podcast:

(1) US President Donald Trump called Vladimir Putin and urged the Russian leader to begin making plans for a summit with Volodymyr Zelenskiy, after meeting the Ukrainian president and European leaders at the White House on Monday.

(2) The Trump administration is in discussions to take a stake of about 10% in Intel Corp., according to a White House official and other people familiar with the matter, a move that could see the US become the beleaguered chipmaker’s largest shareholder.

(3) The yield on long-dated inflation-linked bonds surpassed the highs seen during the gilt-market meltdown three years ago, the latest unwanted market milestone for the UK government.

 
(4) The Treasury is examining the possibility of replacing stamp duty and introducing a new tax on the sale of UK homes worth more than £500,000 ($676,000), according to the Guardian.

(5) Apple will no longer be forced to provide a so-called backdoor to American users’ data to the UK government, US Director of National Intelligence Tulsi Gabbard said in a post on X on Monday.

(6) In 2022, Saudi Arabia announced one of its most ambitious endeavours to date: a sprawling ski resort in the heart of the dry Middle Eastern desert. It’s becoming one of the most difficult tests yet of the kingdom’s ability to pull off Crown Prince Mohammed bin Salman’s grand ambitions.

Podcast Conversation: Rich Londoners Balk at Hearing ‘No’ in Efforts to Install ACs

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