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Streeting Says 'No Doubt' Iran Poses Threat to the UK

4 days 17 hours ago
Defence Secretary Wes Streeting declines to link the arrests of five people near RAF Fairford, an air base that is a key launching point for US strikes against Iran, with the ongoing conflict in Iran. “I don’t want to draw a link between what’s happening in Iran and this incident at this stage,” he says. Speaking on Bloomberg Television, he adds that the Iranian regime poses a threat to the United Kingdom, its interests and allies. He speaks with Bloomberg's Caroline Hepker on the sidelines of the Labour Party's annual conference. (Source: Bloomberg)

UK's Streeting on Iran Threat, Defense Budget

4 days 18 hours ago
UK Defence Secretary Wes Streeting says there is "no doubt that the Iranian regime poses a threat" to the UK, the nation's interest and its allies. Speaking with Bloomberg's Caroline Hepker on the sidelines of the annual Labour Party conference in Liverpool, he adds that "there is more in the budget to come on defense." (Source: Bloomberg)

EU Agriculture Ministers Meet as Rising Oil Prices Threaten Farmers

4 days 19 hours ago
Further European Union emergency support for the bloc’s agriculture sector depends on how market conditions develop, after extreme heat over the summer, according to the Ireland’s Agriculture Minister Martin Heydon. “It does depend on a number of factors,” Heydon said in an interview with Bloomberg Television, when asked whether the EU would need to go further than measures already announced. “Europe I think stands ready to support our agriculture sector” He added. (Source: Bloomberg)

Trump Rejects Iran's Hormuz Offer as US Borrowing Costs, Oil Rise

4 days 20 hours ago
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Bonds and stocks dropped after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, denting some of the optimism that lifted markets late last week. Oil rose and precious metals sold off. The US and China detailed a plan to cut tariffs on about $30 billion of imports from each country, as the superpower rivals take steps to steady ties following a summit between leaders Donald Trump and Xi Jinping. And Britain’s governing Labour Party gathers in Liverpool for its annual conference ahead of the budget next month. Today's guests: Martin Heydon, Irish, Agriculture Minister; Rain Newton-Smith, CBI, CEO. (Source: Bloomberg)

What Europe’s Data Center Energy Labels Mean for Hyperscalers

4 days 20 hours ago
The European Union has dived into the growing debate over data centers with a new sustainability label that will show, among over things, how much power and water a plant is using. Caitilin McManus, a data center analyst at BloombergNEF, joins Daybreak Europe to discuss the move and what it means for hyperscalers and others looking to expand in Europe. (Source: Bloomberg)

UK's Burnham and Healey Face High-Stakes Moment

4 days 20 hours ago
UK Prime Minister Andy Burnham and Chancellor of the Exchequer John Healey face a high-stakes moment at the Labour Party's annual conference, as they seek to pivot from the boosterish optimism of Burnham’s early days as premier to a tougher message of tax rises and spending restraint. Bloomberg's Caroline Hepker reports from Liverpool. (Source: Bloomberg)

UK's Healey Must Outline Detailed Growth Plan, CBI Says

4 days 21 hours ago
Rain Newton-Smith, Confederation of British Industry chief executive officer, discusses what to expect from Chancellor of the Execequer John Healey's speech at the annual Labour Party conference and in his upcoming budget in October. "We need to see that detailed implementation of a growth plan," Newton-Smith says. She speaks with Bloomberg's Caroline Hepker from Liverpool, where the Labour Party is hosting its annual conference. (Source: Bloomberg)
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