Business
Ukraine Can’t Win War Against Russia: Hungary’s Orban
Prime Minister Viktor Orban says Hungary is not part of the “mainstream” European Union approach to Ukraine as he explains the country’s opposition to providing aid to Ukraine. He spoke with John Micklethwait at the Qatar Economic Forum in Doha on Tuesday.
The government of the State of Qatar is the underwriter of the Qatar Economic Forum, Powered by Bloomberg.
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The Iran war has transformed how cooking gas reaches millions across Asia and Africa. India has kept LPG flowing by redrawing supply routes and boosting domestic output, but the disruption has come at a cost. Akriti Sharma explains.
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Iran and Oman move toward a new arrangement for shipping through the Strait of Hormuz, with the IRGC saying the two countries have agreed to share fees. Tehran says US actions are delaying the process, while US allies question whether the Strait is fully clear of mines. Trump says the mines have been removed and Hormuz is open.
Oil remains under pressure as markets assess the outlook for Hormuz and global supply.
Nvidia reports $89 billion in data-center revenue, ahead of expectations, while its CFO sees revenue growth of around 70% into fiscal 2028. Supply remains a key constraint, and margins are expected to settle around 72% to 73% as higher memory costs weigh on profitability. Jensen Huang says the AI infrastructure buildout remains at full speed.
Asian chip stocks gain following Nvidia’s outlook, with SK Hynix and Samsung leading the advance. South Korea raises its policy rate to 3% from 2.75% as inflation risks build, while markets prepare for central bankers to discuss inflation at Jackson Hole and watch Warsh’s first speech there. The BOJ also keeps the possibility of a September rate hike open, while Australian bonds fall as RBA hike expectations increase.
Meta agrees to pay up to $18 billion to settle social-media claims. Salesforce rises on its growth outlook and partnership with Anthropic, while Anthropic plans to spend $45 billion on AI computing capacity from Nscale. China’s Z.AI develops its OX Alpha model, and MiniMax reports a sharp increase in first-half sales.
Saudi Arabia pushes deeper capital-market reforms, focusing on derivatives, liquidity and improving market infrastructure as part of Vision 2030. Tadawul gains following the latest measures.
CNOOC reports higher first-half profit as oil prices benefit from the Iran conflict, while Shein prepares a $1.7 billion Hong Kong share sale.
Russia signals a possible escalation in Ukraine as Moscow sees peace talks at a dead end. Flooding along the Nepal-China border leaves around 100 people dead.
In Africa, Next Africa sits down with the Dangote family to discuss plans for an IPO of the refinery arm, the expansion of the family office in 2027 and its strategy for building businesses and investments across generations. Guests include Rajeev Sibal, Morgan Stanley Senior Global Economist, Maribel Lopez, Lopez Research Founder & Enterprise AI Lead and Eric Swats, Rascal Investment Bank Senior Executive Officer.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:04:56 – Nvidia Sees Strong Revenue Growth
00:09:57 – Iran, Oman Agree to Share Hormuz Fees
00:17:26 – Rajeev Sibal, Morgan Stanley Senior Global Economist
00:28:27 – Maribel Lopez, Lopez Research Founder & Enterprise AI Lead
00:34:36 – Eric Swats, Rascal Investment Bank Senior Executive Officer
00:41:46 – Next Africa Sits Down With Dangote Family
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Business
Takeaways from the Google I/O conference#shorts #google #googleai #googleio #artificialintelligence
AI Mode in Google Search is now available to all US users. It’s just one of the AI announcements from the company’s annual Google I/O conference this week. Jackie Davalos shares the key takeaways from the event http://bloom.bg/4doXUUB
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US equity futures waver as markets digest Fed Chair Warsh’s Jackson Hole speech. Oil jumps as the US and Iran exchange strikes for the first time in about a month. G-20 finance ministers and central bank governors gather in North Carolina for a multiday summit. George Goncalves of MUFG sees softer jobs report before the Fed’s next policy meeting.
Chapters:
00:00:00 – Bloomberg Brief begins
00:00:36 – Asia Markets
00:01:47 – Europe, Yields & U.S. Futures
00:04:04 – Fed Chair Warsh at Jackson Hole
00:07:12 – U.S.–Iran Strikes & Oil Reaction
00:15:05 – Top Terminal Stories
00:18:26 – Venezuela Oil Outlook
00:20:30 – Front-Page News
00:21:15 – Market Reset
00:23:27 – MUFG on Fed Timing & Inflation
00:27:22 – Why Long-End Treasury Yields Are Capped
00:29:31 – Warsh on AI & Productivity
00:30:27 – Nepal Floods, Shein & LIV Golf
00:34:54 – Trump & the Midterms
00:36:26 – Tech: Amazon, Apple, Shein & Broadcom
00:41:17 – Week Ahead: Earnings, PMI & Payroll
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, 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.
President Donald Trump dismissed concerns that the conflict in Iran was draining American firepower as clashes resumed in the on-again off-again hostilities that have stretched more than six months, with neither side willing to restart negotiations to end the war.
Global bond yields climbed back to the highest level in almost two decades as rising oil prices fueled inflation concerns and investors ramped up expectations that the Federal Reserve will raise interest rates.
Plus, Anthropic agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia, part of an effort to quickly expand its AI capacity, according to a person familiar with the matter.
Today’s guest: Lale Akoner, eToro, Global Market Analyst.
Chapters:
00:00:00 – Daybreak Europe
00:01:23 – Japan’s 10-Year Bond Yield Hits 3% for First Time Since 1996
00:08:00 – Nvidia Mega-Deal Ushers MediaTek Into Top AI Chipmaker Club
00:11:55 – Trump Dismisses ‘Little War’ With Iran as Mideast Clashes Resume
00:14:26 – Bessent Meets With Finance Chiefs at G20 Gathering
00:17:05 – Modi Urges ‘Friend’ Putin to End Ukraine War
00:20:37 – Kaplan: Fed is Probably 50BP From Neutral
00:24:06 – Russia Faces Pushback
00:27:04 – Global Bond Selloff Sends Yields to the Highest Level Since 2008
00:30:02 – Lale Akoner, eToro, Global Market Analyst
00:34:23 – Europe Inflation Watch
00:39:22 – Shein’s Valuation Drops
00:41:42 – US Army Secretary Driscoll Resigns After Clash With Hegseth
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@bobmason1361
December 20, 2023 at 5:01 am
Orban is a wiser man than most 👍
@popescocristian9838
December 20, 2023 at 5:01 am
RESPECT ORBAN
@Layo81
December 20, 2023 at 5:01 am
You save lives? You sicken me.
@youtube5161
December 20, 2023 at 5:01 am
normal
@LouSaudi
December 20, 2023 at 5:01 am
Hey orban, you and your countrymen should be with putin > Not the West, EU or NATO.
@dmitryyeliosof
December 20, 2023 at 5:01 am
How much Putin pays Orban?
@ModeAvion1
December 20, 2023 at 5:01 am
This aged well
@lupo9868
December 20, 2023 at 5:01 am
Dieser spezielle Putin Freund hat in der EU nichts verloren!
@gabrielababa1125
December 20, 2023 at 5:01 am
Ukraine already won the war with Russia Mr. Orban :)))
Would you like a slice of Romania 🇷🇴? That’s why you kiss Putin’s back ? 😂😂😂
@AntonGermanReal
December 20, 2023 at 5:01 am
putin's puppet ong
@schonsospaet22
December 20, 2023 at 5:01 am
Save lives, most important, totally agree.
@JohnnyFD
December 20, 2023 at 5:01 am
Russia can just leave Ukraine. There will be no more death or destruction.
@BennyHolden-ls7sj
December 20, 2023 at 5:01 am
So what is this traitor trying to say? its okay to give into an aggressor who invades your homeland and kills your people, burns your homes down and tortures your people, but you must give up to stop further loss of life? Please do not forget that the Ukraine did not retaliate after Russia effectively invaded crimea which was part of Ukraine in 2014! lets go back to 1939 shall we, should the UK have given in on the eve of an expected German invasion and after the disaster at Dunkirk on the premise of loss of even more lives? what would the historical outcome would be, how long would it have taken to defeat the Nazis if at all? His arguements are completely faulty and very surprising considering his own history with Russia. Ukraine had no choice to resist, and if they just let russia take all of Ukraine who would be next? He needs to have a reality check! History with the Germans from 1936 – 1945 has shown that when an autocratic ruler, totalitarian or otherwise, with deeply troubling ideologies, usually continue what ever their master plan is, they will be emboldened and will then see that as a signal of weakeness, Chamberlains agreement with Hitler in 1939 was not worth the paper it was written on. You should examine what might have been if Ukraine had capitulated, Moldova and then the balkans would be next, cutting off Greece with Nato, complete control of the black sea, in contravention of various treaties, and then threatening Italy, Germany and the med, Hungary would be on the front lines!! Hypocrisy is a luxury when you are a bystander in this war and he should be ashamed of himself for his total lack of support for Ukraine, they are dying in their thousands to protect what little they have, and are preventing Hungary from becoming the front line in this conflict!
@alexdelta88
December 20, 2023 at 5:01 am
Hungary is to become Russia, they will invade soon..
@Tani-wd2yc
December 20, 2023 at 5:01 am
Putins little beach 🏝
@123garyg
December 20, 2023 at 5:01 am
Why cant you convince putin… this guys argument is just too obvious that he is or hungarians are pro russian. Very similar to lukashenkos arguments
@123garyg
December 20, 2023 at 5:01 am
Then why cant you call putin to stop instead of calling for ukraine
@123garyg
December 20, 2023 at 5:01 am
Best proposal is hungary to merge with russia in exchange for ukraine.
@dom1373
December 20, 2023 at 5:01 am
It does seem like ukraine's negotiating power is only going to decrease or flatline. Russia being a large and authoritarian country is just in a better position to maintain a war of attrition compared to Ukraine who's funding is dependent on democracies.
@MidnightRambler
December 20, 2023 at 5:01 am
The journalist arrogance😅
@AGirlHasNoName829
December 20, 2023 at 5:01 am
…well well, this aged….well 😏
@SovietRussianBear
December 20, 2023 at 5:01 am
Hungarians are lucky to have this man as their prime minister!
@Victoria-pw5lu
December 20, 2023 at 5:01 am
Russian marionet! Using the European subsidies for the same Russian tactics. Geaving the "Hungarians" who leave outside the Hungary the Hungarian pasports and the rights to vote. I think the locals are bit more residance for a manipulation of his coruption methods.
@kondgeo
December 20, 2023 at 5:01 am
I wonder if Russia would ever attack Hungary would Orban say ok theoretically we dont have chance so we will not fight. The numbers just wont add up so Mr. putin come and have anything you want.
@veerlevanrusselt1370
December 20, 2023 at 5:01 am
War will NEVER bring a solution! It‘ s only a waste of lives for nothing😢
@mattnoel2447
December 20, 2023 at 5:01 am
Fail to see how you can have a peace negotiation unless the Russian invaders withdraw from all Ukrainian territories. Ukrainians know that it is a victory for Putin if he gains any land and he'll soon be back to invade more territory. Also no government in their right mind would even believe anything Putin says as he has broken so many promises already, including the Budapest memorandum where Russia was to guarantee their sovereign integrity.
@EamonnAdams
December 20, 2023 at 5:01 am
Russia ❤