Greg Allen, Founder and CEO of Decision Tree Research, says AI has already had “extremely concerning incidents” and model releases should not be “exceeding our pace of safety technologies.” Allen discusses concerns about AI models leaving tools for themselves across the internet and the challenge posed by open-source models as their capabilities increase. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s “Balance of Power.”
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Francisco Blanch, commodities and derivatives research head at BofA Securities, says Brent oil prices could climb as high as $150 a barrel if critical infrastructure, like Saudi Arabia’s East-West pipeline, “is hit on a more permanent basis.” Blanch speaks on Bloomberg Television.
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Saudi Arabia faces growing economic pressure as Houthi threats target the kingdom and its East-West oil pipeline could remain mostly shut for six weeks, tightening supply routes around the Red Sea. European oil prices surge as Aramco delays some deliveries, while Russia extends its diesel export ban through September and tighter Chinese fuel stockpiles raise the prospect of export curbs. Oil’s supply-driven rally, however, begins to look overdone.
The US 10-year Treasury yield tops 5% ahead of the Federal Reserve decision, with traders pricing in more than a 90% chance of a rate hike. Bloomberg Economics says Kevin Warsh could leave another hike in play as the Fed is seen potentially raising rates despite pressure from Trump. Markets await the decision as Bessent prepares to meet his Chinese counterpart, with tariffs, US energy and agricultural exports and differences over AI expected on the agenda.
Bitcoin suffers its biggest drop since June after the US Senate blocks a bill, while Bessent says he supports $5,000 checks for Americans and believes they could be funded without increasing the deficit.
In AI, Trump advisers meet with Anthropic executives as OpenAI weighs a funding round valuing the company at $1.2 trillion and works with Anthropic and Google on AI safety. Hong Kong plans to double spending on technology and innovation.
Dubai continues to attract strong global tourism demand, with Kazim saying visitors from the CIS, Far East and Middle East are increasing, although the city remains reliant on Emirates and flydubai to bring in tourists.
In Africa, El Niño is straining Ethiopia’s power supply as drying dams force cuts to Bitcoin miners, who consume almost a third of the country’s electricity. Senegal seeks a debt plan under the G20 framework, the US restricts visa access for some South Africans, and Vodacom plans to appeal a ruling involving its Safaricom stake sale. Guests includes Jeffrey Sexton, Demeter Tactical Investments CEO, Issam Kazim, Dubai Corp for Tourism and Commerce Marketing CEO and Guy Wolf, Marex Market Analytics Global Head.

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
00:04:16 – Markets Await Fed Decision
00:05:37 – Jeffrey Sexton, Demeter Tactical Investments CEO
00:14:23 – Houthis Threaten Saudi Economy
00:18:40 – Issam Kazim, Dubai Corp for Tourism and Commerce Marketing CEO
00:26:36 – European Oil Prices Soar as Aramco Delays Deliveries
00:30:31 – Guy Wolf, Marex Market Analytics Global Head
00:35:47 – Bessent to Meet Chinese Counterpart
00:40:43 – El Niño Strains Ethiopia’s Power Supply
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The Federal Reserve voted unanimously to raise interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump. The benchmark federal funds rate is now in a range of 3.75% to 4%. Bloomberg’s Michael McKee reports.
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Deepinder Goyal built his college startup project into one of India’s biggest instant-delivery companies, transforming how urban …

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