Reeves Mulls Tax U-Turn, China’s Economy Falters, Keeping Vintage Time
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) UK Chancellor Rachel Reeves is considering dropping plans to raise the headline rates of income tax and a slew of other levies in her upcoming budget.(2) China’s economic activity cooled more than expected at the start of the fourth quarter with an unprecedented slump in investment and slower growth in industrial output.(3) US President Donald Trump is readying substantial tariff cuts and trade deals as he seeks to address voter concerns over high food prices and the cost of goods.(4) The BBC's Chairman Samir Shah has written to the White House expressing remorse to US President Donald Trump for a misleading documentary edit of his January 6th speech in 2021. (5) EU officials are looking at how to transform the European Securities & Markets Authority into a more sweeping watchdog like the SEC in the United States.Podcast Conversation: How to Get Your Vintage Timepiece Safely ServicedSee omnystudio.com/listener for privacy information.
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19:52
Record US Shutdown Ends, New EU Trade Offer To US, Russia Trademark Poaching
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump signed legislation to end the longest government shutdown in US history, marking the official conclusion to a 43-day impasse.(2) The European Union is set to propose a plan to the US that would implement the next phase of the trade agreement the two sides reached this summer.(3) Top trade negotiators from Switzerland are headed to Washington, aiming to complete negotiations on a trade deal with the US that would lower the 39% tariff rate on Swiss goods.(4) Rachel Reeves should get billions of pounds of extra room in her upcoming budget, UK Treasury officials believe, thanks to her plan to cut household bills and bring down inflation.(5) Prime Minister Keir Starmer tried to draw a line under squabbling within his Labour Party and called for unity after an alleged challenge for his job exposed questions about his future.(6) Democrats returned to pressing Donald Trump on his ties to Jeffrey Epstein, highlighting a selection of emails in which he suggested the president knew of his activities.Podcast Conversation: In Europe, the Oldest Ideas in Wellness Get a New SpotlightSee omnystudio.com/listener for privacy information.
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Starmer Leadership Threat, China's Phantom Loans, Wall-St India Hiring Spree
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Allies of Keir Starmer sought to ward off a feared leadership challenge from one of the British premier’s best-known ministers, as cabinet feuds spilled into the open just weeks before the government is due to unveil a contentious budget.(2) The weakness in the UK labor market is likely to have been overstated, economists and policymakers warned, after new figures shifted the narrative in Westminster and financial markets ahead of the budget.(3) Asian stocks rose alongside Treasuries after softer US jobs data strengthened bets on a Federal Reserve interest-rate cut, boosting market sentiment.(4) Banks in China are asking clients to take out loans and then immediately repay them, with the bank covering the interest, in a practice known as "quick-lend-and-recover".(5) The US military is exploring whether to build a temporary base capable of housing 10,000 people near the Gaza Strip as part of its push for a stabilization force of troops from other countries to monitor a ceasefire between Israel and Hamas.(6) Germany must start dialing back its borrowing limits from 2029 to ensure solid public finances over the long term, according to the Bundesbank.Podcast Conversation: Harvest Report: 2025 Is Turning Out to Be a Great Year for WineSee omnystudio.com/listener for privacy information.
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16:33
EU Eyes Huawei Ban, Swiss Tariff Deal Nears, Dubai’s Big Property Frenzy
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The European Commission is exploring ways to force European Union member states to phase out Huawei Technologies Co. and ZTE Corp. from their telecommunications networks, according to people familiar with the matter.(2) Switzerland is close to securing a 15% tariff on its exports to the US, in what would be a relief for the country after it was hit with a punishing 39% levy in August, according to people familiar with the matter.(3) A record-setting 41-day US government shutdown is on a path to end as soon as Wednesday after the Senate passed a temporary funding measure backed by a group of eight centrist Democrats.(4) Rachel Reeves indicated the Labour Party may be preparing to break its election promises not to raise taxes, as she looks ahead to what she called a “difficult” UK budget.(5) Donald Trump notched another victory in his war on the media when the UK’s national broadcaster apologized over a misleading edit of the US president’s remarks and two executives resigned.(6) Warren Buffett, the billionaire investor who turned an aging textile mill into a more than $1 trillion conglomerate, said he’s “going quiet,” marking the end of an era for one of the business world’s most-watched investing gurus.Podcast Conversation: Microsoft Influencers Try to Make Copilot as Cool as ChatGPTSee omnystudio.com/listener for privacy information.
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19:11
US Shutdown Nears End, BBC Chiefs Forced Out, Last Solo Broker Standing
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The US Senate took a major step toward re-opening the government after a group of moderate Democrats broke with their party leaders and voted to support a deal to end the record-breaking shutdown.(2) British Broadcasting Corp. Director-General Tim Davie is resigning from the UK national broadcaster amid allegations it misled viewers by editing President Donald Trump’s remarks in a Panorama documentary last year.(3) More than a quarter of large UK businesses expect to cut jobs within the next year due to the impact of artificial intelligence. That's according to a CIPD survey of more than 2,000 employers, showing 62% of them believe junior managerial or administrative roles are most likely to be lost due to AI.(4) No matter which way the S&P 500 Index goes after a tumultuous month, options volatility looks to be headed higher. The benchmark snapped a three-week run of gains, pushing for a time on Friday the Cboe Volatility Index well above 20, a sign of growing market stress.(5) The odds of extreme cold this winter in the US, Asia and parts of Europe are climbing, threatening to boost energy bills for consumers already grappling with high costs and economic uncertainty.Podcast Conversation: Young Supercar Collectors Don't Fear Risking Their InvestmentsSee omnystudio.com/listener for privacy information.
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