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UK Needs 'Sovereign Level of Compute,' AI Minister Says

1 week 1 day ago
UK Artificial Intelligence Minister Kanishka Narayan discusses government policy around the adoption of AI and safety concerns about the technology. Britain needs a "sovereign level of compute," Narayan tells Bloomberg's Caroline Hepker on the sidelines of the governing Labour Party's annual conference in Liverpool. "The way we have to build data centers in this country has to be with a sense of control and a sense of British values," he adds. (Source: Bloomberg)

Oil Climbs With Iran Pessimistic About Trump Deal Before US Midterms

1 week 1 day 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. Global equities slid to a one-week low as surging oil prices and mounting bets on further Federal Reserve interest-rate hikes drove Treasury yields to multi-year highs. Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November, according to people familiar with the matter. Today guests: Sunaina Sinha Haldea, Raymond James, Private Capital Advisory Global Head. (Source: Bloomberg)

White House Releases Taxpayer-Funded Midterm Ads

1 week 1 day ago
"Balance of Power" focuses on the intersection of politics and global business. On today's show, AI Now Institute Senior Fellow for Economic and National Security Aya Ibrahim says Nvidia's new agent safety platform is a notable step, but cautions there is no one-size-fits-all solution to AI security risks, even as companies roll out new safeguards. Cook Political Report Founder and Contributor Charlie Cook says the midterm landscape has deteriorated sharply for Republicans in the past month as energy costs, tariffs and affordability concerns hit voters. Republican Congressman Mike Flood of Nebraska says diesel prices near record highs are putting pressure on Midwest farmers as harvest season gets underway. (Source: Bloomberg)

Rep. Flood: Diesel Prices 'Too High' for Farm Country

1 week 1 day ago
Republican Congressman Mike Flood of Nebraska says diesel prices near record highs are putting pressure on Midwest farmers as harvest season gets underway. The Republican Main Street Caucus chair says he wanted more from President Xi Jinping's visit and is pressing China to follow through on its US agricultural purchases. He speaks with Joe Mathieu and Kailey Leinz on Bloomberg's "Balance of Power." (Source: Bloomberg)
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