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Iran Pessimistic on Deal With US Before Midterms

1 week 4 days ago
Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with the US before midterm elections in November, according to people familiar with the matter. The two nations made little progress during talks in New York on the sidelines of the United Nations General Assembly last week, the people said. Bloomberg's Paul Wallace breaks down the situation. (Source: Bloomberg)

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

1 week 4 days 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 4 days 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)
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