German Coalition On Edge, Jane Street’s Savvy AI Bets, Jamie Oliver's Second Helping
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Chancellor Friedrich Merz’s ruling coalition with the Social Democrats faces a key vote in parliament on Friday that could precipitate its demise only seven months into its four-year term.(2) President Vladimir Putin arrived in New Delhi for his first state visit to India since Russia’s full-scale invasion of Ukraine, showcasing warming ties that have angered the US and led to hefty trade tariffs.(3) Jane Street’s record haul this year has been boosted by savvy bets on the artificial intelligence boom that are showing up as big gains in its trading results, according to people familiar with the matter.(4) Booker Prize-winning author Salman Rushdie warned that the banning of books in parts of the US is contributing to “unexpected amounts of pressure” on free expression around the world.(5) Jamie Oliver is bringing his Italian restaurants back to the UK six years after the chain collapsed into insolvency, returning at a time when the industry’s facing what he calls a “horror show” of higher costs and weak demand.Podcast Conversation: Are We in a Stock Bubble? This Is the Only Thread You NeedSee omnystudio.com/listener for privacy information.
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Macron & Xi Meet in Beijing, Meta’s Apple Talent Coup, Campari Seeks US Sunrise
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) French President Emmanuel Macron sought Chinese leader Xi Jinping’s help in ending the war in Ukraine and urged Beijing to boost investment in France, as both sides look to rebalance their economic ties.(2) The UK government appears poised to approve China’s plan for a massive new embassy in London, as Prime Minister Keir Starmer looks to put spying fears aside and revive his plans for a diplomatic reset with Beijing.(3) Donald Trump’s aides and allies are discussing the possibility of making Treasury Secretary Scott Bessent the top White House economic adviser — in addition to his current job — should the president pick Kevin Hassett as the next chair of the Federal Reserve, according to people familiar with the matter.(4) The London Stock Exchange Group has agreed a deal with OpenAI that will give ChatGPT access to its licensed financial news and data.(5) Meta Platforms has poached Apple Inc.’s most prominent design executive in a major coup that underscores a push by the social networking giant into AI-equipped consumer devices. Podcast Conversation:Can Quality of Life Be A Superpower? Ask Finland: Lionel LaurentSee omnystudio.com/listener for privacy information.
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The Kremlin said Vladimir Putin held “very useful” talks with US envoys Steve Witkoff and Jared Kushner though the sides failed to reach agreement on a plan to end Russia’s war in Ukraine.(2) The European Union has reached a deal to phase out Russian gas faster than originally planned, a move that aims to finally sever ties between the bloc and its once-primary energy supplier.(3) French President Emmanuel Macron is preparing for talks with President Xi Jinping as part of a three-day visit to China in the wake of its dispute with Japan over Taiwan's status.(4) London listings will make a comeback starting next year, aided by a recently unveiled stamp duty holiday, as a top banker at Goldman Sachs says the City must stay competitive compared to its rivals.(5) OpenAI's CEO Sam Altman is redirecting internal resources to speed up improvements to ChatGPT, declaring a “code red” situation that will delay work on other initiatives.Podcast Conversation: Is AI Burnishing the Beatles Legacy or Ruining It?See omnystudio.com/listener for privacy information.
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Almost $1 billion of leveraged crypto positions were liquidated during another sharp drop in prices on Monday that brought fresh momentum to a wide-ranging selloff.(2) The European Union’s top diplomat expressed concern that US attempts to push Ukraine into a lopsided peace plan would only encourage Russia’s warmongering as Kyiv’s allies brace themselves for a week of talks to end Moscow’s invasion.(3) As Europe embarks on a historic rearming effort, its defense companies are scrambling for a vital component in high-tech weapons: rare earth minerals, which more nimble US rivals are scooping up.(4) The UK will adopt a more pro-business approach to China but not trade its national security for greater trade ties, Keir Starmer said as he sought to clarify his Labour administration’s approach to the Asian nation.(5) The dispute between China and Japan could drag on for a year, Taiwanese Foreign Minister Lin Chia-lung said, adding Taipei hoped the two sides can find a way to resolve their differences.Podcast Conversation: The Ultimate Foodie Gifts for Anyone Who Likes to Cook and Eat (1)See omnystudio.com/listener for privacy information.
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Rachel Reeves denied misleading the British public about the state of the UK’s public finances ahead of her budget, as she faced ongoing criticism over her messaging in the run-up to Wednesday’s £26 billion package of tax hikes.(2) Prime Minister Keir Starmer said he’ll make a renewed push to curb UK welfare spending, as he vies to revive his ailing premiership and sell a budget which was poorly received by voters.(3) US and Ukrainian negotiators said they had productive discussions about a framework for a peace deal, but there was no final breakthrough as President Donald Trump continues to push for a truce with Russia.(4) President Donald Trump said Sunday he has decided on his pick for the next Federal Reserve chair after making clear he expects his nominee to deliver interest-rate cuts.(5) Switzerland voted to reject a 50% inheritance tax on super-rich residents after wealthy entrepreneurs threatened to leave the country.PODCAST CONVERSATION: Inside the Ostrich Effect: How Ignorance Has Become a Survival StrategySee omnystudio.com/listener for privacy information.
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