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On today's podcast:

(1) Ukraine has agreed with the US on a deal to jointly develop its natural resources, people familiar with the matter said, a move that could ease recent tension with President Donald Trump and advance his administration’s goal of a ceasefire with Russia.

(2) Prime Minister Keir Starmer swept to power promising to raise living standards and grow the British economy. But now his premiership has an urgent and altogether different focus: preserving European security in a volatile world order upended by US President Donald Trump.

(3) President Donald Trump has signed an executive action directing the Commerce Department to examine possible copper tariffs, the latest in a string of measures aimed at imposing sector-specific levies that could reshape global supply chains.

(4) Chinese President Xi Jinping urged officials to stay composed amid domestic and global challenges, signaling Beijing will take a measured approach to the Trump administration’s new trade and investment restrictions

(5) President Donald Trump said he is starting a program to offer residency and a path to citizenship to investors who pay $5 million, offering a new avenue for legal immigration even as he carries out a sweeping crackdown on undocumented migrants.

(6) Foxtons is often seen as an entry point for aspiring real estate agents. Junior employees described unwanted touching, drunk-driving — and senior staff who either ignored inappropriate behavior or were complicit.

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

On today's podcast:

(1) President Donald Trump deepened Washington’s split with allies over Ukraine, withdrawing US condemnation of Russia’s 2022 invasion at the United Nations and among Group of Seven countries as he aims to end the war on terms agreeable to Moscow.

(2) Germany’s chancellor-in-waiting Friedrich Merz has opened talks with the Social Democrats to quickly approve as much as €200 billion ($210 billion) in special defense spending, according to a person familiar with those discussions.

(3) Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under Joe Biden to limit Beijing’s technological prowess.

(4) President Donald Trump said tariffs scheduled to hit Canada and Mexico next month were “on time” and “moving along very rapidly” following an initial delay, even as a US official cautioned the schedule could be less certain.

(5) Kate Bush, Damon Albarn and Annie Lennox are among a thousand musicians who've released a silent album to protest against artificial intelligence laws. Artists have warned government plans to change copyright law to allow AI models to train using songs could damage the sector. The record - called Is This What We Want? - features recordings of empty studios, which they say could become the reality of the music business.

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

On today's podcast:

(1) Germany’s conservative opposition leader Friedrich Merz said he’ll move quickly to form a new government after he won Sunday’s federal election with a result that will require him to form a coalition.

(2) The far-right Alternative for Germany vaulted into second place on Sunday after about a fifth of voters cast their ballot for a party that’s called for a halt to migration and assailed the country’s political establishment.

(3) Germany’s highest-stakes election in years is paving the way for a pivot to increased spending, with markets predicting the end of an era for constrained fiscal policy.

(4) Two of President Donald Trump’s top advisers declined to describe Russia as the aggressor in the war in Ukraine, as the administration seeks Vladimir Putin’s support for a peace deal.

(5) UK families are tapping the equity locked up in their homes and taking out other lines of credit to meet the escalating costs of private education.

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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 preview of preview PCE, and personal spending data, and Nvidia earnings.
• In the UK – a preview of the next G20 summit.
• In Asia – a look at the evolving relationship between Washington and Beijing.

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

On today's podcast:

(1) The US signaled that sanctions relief for Russia could be on the table in talks over the war in Ukraine as President Donald Trump rushes toward a deal to end the three-year conflict.

(2) Treasury Secretary Scott Bessent said that any move to boost the share of longer-term Treasuries in government debt issuance is some ways off, given current hurdles that include elevated inflation and the Federal Reserve’s quantitative tightening program.

(3) Israel said a body returned as part of a ceasefire agre ement with Hamas was not that of a young mother taken hostage in October 2023, as the militant group had claimed.

(4) Federal Reserve Bank of St. Louis President Alberto Musalem said policy should remain “modestly restrictive” until it’s clear inflation is on track to the central bank’s 2% target, and that he sees increased risks that progress may stall or even reverse.

(5) Citigroup is ending workplace representation goals and removing requirements to interview job candidates from diverse backgrounds, citing pressure from the Trump administration.

(6) As a growing chorus of bankers and politicians around the world demand the roll-back of crisis-era regulations, Nick Leeson — the former rogue derivatives trader who brought down one of the UK’s most venerated financial institutions — is starting to get worried.

Watch the full Nick Leeson interview: https://www.youtube.com/watch?v=jvqVzH__p0A

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

On today's podcast:

(1) US President Donald Trump said it would be possible to reach a fresh trade deal with China, signaling he is open to heading off a brewing trade fight between Washington and Beijing.

(2) The European Union is ready to discuss cutting tariffs on autos and other goods as it seeks to head off a trade war with the US, the bloc’s top trade official said Wednesday in Washington.

(3) Keir Starmer repeated his support for Volodymyr Zelenskiy in a call with the Ukrainian president on Wednesday, hours after US President Donald Trump branded him a “dictator.”

(4) South Africa President Cyril Ramaphosa’s priority as Group of 20 president is overhauling the global institutions he sees as skewed in favor of the West.

(5) The European Central Bank will soon have to discuss taking a break, or ending altogether, its campaign of interest-rate reductions, Executive Board member Isabel Schnabel told the Financial Times.

(6) Confidence among UK households slipped to a new low under the Labour government, as consumers brace for higher prices and businesses warn of a hiring hit from rising payroll taxes

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

On today's podcast:

(1) President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the president’s trade war.

(2) US Treasury Secretary Scott Bessent said US taxpayers don’t need to worry about the security of their private data while Elon Musk’s Department of Government Efficiency team seeks to make the federal government more efficient. The DOGE team has identified an estimated $50 billion in savings so far, Bessent said Tuesday during a Fox News interview. “So that’s a very good start.”

(3) Secretary of State Marco Rubio told European allies that the US will keep sanctions on Russia in place at least until a deal to end the Ukraine conflict is reached, even as his boss, President Donald Trump, said he’ll probably meet Vladimir Putin to discuss a settlement before the end of February.

(4) Top officials from the US and Russia met for a first round of talks over the war in Ukraine and raised the possibility of broader cooperation, signaling President Donald Trump desire to reboot a battered relationship.

(5) HSBC will incur $1.8 billion in costs over the next two years as it embarks on a global restructuring program that has seen the lender shutter some of its businesses and slash management ranks.
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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Emmanuel Macron held talks separately with Donald Trump and Volodymyr Zelenskiy on aligning with the US after the French president spearheaded an effort to bring Europe to the table for discussions on ending Russia’s war on Ukraine.

(2) Discussions are gathering pace in the European Union on how to increase defense spending, with joint financing becoming a realistic option for a growing list of leaders, according to people familiar with the matter.

(3) Trade uncertainty over US President Donald Trump’s plans to hit the European Union with tariffs is already affecting the bloc by putting a lid on investment, according to EU Economy Commissioner Valdis Dombrovskis.

(4) Some UK government departments are bracing for budget cuts of as much as 11% as Prime Minister Keir Starmer comes under mounting pressure to plough more money into defense.

(5) Fifteen people were injured, three critically, after a Delta Air Lines Inc. plane flipped and came to rest upside down after landing in windy and freezing conditions in Toronto on Monday.

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