Starmer’s Costly U-Turn, Astra's UK Listing Risk, Trump Bill Rebellion Brews

Starmer’s Costly U-Turn, Astra's UK Listing Risk, Trump Bill Rebellion Brews

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

On today's podcast:

(1) Keir Starmer dramatically abandoned his flagship welfare reforms to avoid a historic defeat, leaving the UK prime minister’s authority badly damaged and his government facing a widening fiscal hole to fill.

(2) The Trump administration is halting the transfer of artillery rounds and air defenses to Ukraine, depriving the country of much-needed weapons as it endures stepped-up missile and drone attacks from Russia.

(3) President Donald Trump said Israel has agreed to the conditions needed for a 60-day ceasefire in Gaza, adding that the plan would now be presented to Hamas.

(4) AstraZeneca's Chief Executive Officer Pascal Soriot wants to move the drugmaker’s stock listing to the US, the Times reported, in what would be another sign of the UK’s waning status as a magnet for global capital.

(5) Bank of England Governor Andrew Bailey said high interest rates are having less of an impact on inflation because of Britain’s low levels of debt among both businesses and consumers.

(6) Banco Santander agreed to buy Banco Sabadell SA’s UK unit for £2.65 billion ($3.64 billion), a deal that will make it the UK’s third-largest lender by some measures.

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Episoder(1039)

Debt Ceiling Lobbying And Yet Another Record UK Shop Price Rise

Debt Ceiling Lobbying And Yet Another Record UK Shop Price Rise

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Sunday Interview: The CEO Of Klarna On Growth And Opportunity

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Klarna was once Europe’s most valuable startup. It offers buy now, pay later credit for about 150 million shoppers globally looking to spread the cost of online purchases. The company has targeted exp...

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Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) The Chancellor says he's in favour of higher rates even if it causes a recession. (2) A US debt deal begins...

26 Mai 202317min

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Fitch considers cutting America's AAA rating as a debt default looms. (2) UK borrowing costs soar, leaving ...

25 Mai 202316min

Chancellor-In-Waiting Rachel Reeves On Her Plan For A More Activist State

Chancellor-In-Waiting Rachel Reeves On Her Plan For A More Activist State

Chancellor-In-Waiting Rachel Reeves On Her Plan For A More Activist State Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Labour Shadow Chancellor Rachel R...

24 Mai 202316min

Dimon Says Rates Could Hit 7% & Carl Icahn Didn't See Hindenberg Coming

Dimon Says Rates Could Hit 7% & Carl Icahn Didn't See Hindenberg Coming

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Jamie Dimon warns rates could hit 7% as Fed hawks say more hikes are needed(2) Biden and McCarthy say a def...

23 Mai 202317min

China's Chip Power Play & Higher House Prices

China's Chip Power Play & Higher House Prices

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) China bans Micron semiconductors as their chips battle with the US heats up.(2) US debt ceiling talks resta...

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