Business
UK’s Sunak Fires Zahawi Over Taxes, Citing Ethics Breach
UK Prime Minister Rishi Sunak has fired Nadhim Zahawi from the government following recent revelations over the Conservative Party Chairman’s taxes. Sunak says an independent review shows “serious” ethic breaches. Leigh-Ann Gerrans reports on Bloomberg Television.
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Brian Kelly, founder of The Points Guy and author of ‘How to Win at Travel’ joins Scarlet Fu and Tom Keene on “Bloomberg Money.” They discuss how Brian Kelly initially came up with the idea to create ‘The Points Guy’.
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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.
Vice President JD Vance downplayed the scope of the conflict in Iran, saying he would not describe it as “a war” given that major combat operations ended several weeks ago — even though military strikes recently intensified in the region.
Global stocks extended their advance as easing bets on a Federal Reserve interest-rate hike this month lifted sentiment.
And Volkswagen’s supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker.
Chapters:
00:00:00 – Daybreak Europe
00:01:01 – Stocks Rise as Fed Rate Hike Bet Eases
00:04:39 – Strong Yen Hits Japan Exporters
00:08:37 – Anthropic Finalizing $45B Pre-IPO Credit Facility
00:13:37 – Germany’s Far-Right on the Cusp of Power
00:16:20 – Merz Says Far-Right Would Put Off Investors
00:20:26 – Irish PM On Europe’s Defense Procurement
00:24:03 – JD Vance Plays Down Iran Conflict
00:25:32 – Oil Set for Biggest Weekly Gain Since July
00:28:16 – VW Supervisory Board Backs Broad Overhaul
00:30:32 – Giorgia Meloni Marks historic Milestone
00:35:52 – Fears Grow on Extended US-Iran Conflict
00:39:30 – Real Toll of Europe’s Heatwaves
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JP Morgan’s Gabriela Santos says AI remains the biggest theme in global markets—but investors may be dangerously concentrated. She explains why recurring AI selloffs are inevitable, where investors can still find diversification, and how massive tech borrowing is quietly extending AI risk from stocks into bonds.
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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.
US President Donald Trump said renewed attacks on Iran would likely be short-lived, reiterating his claim Washington controls the Strait of Hormuz after fresh fighting spiked energy prices and rekindled fears of an open-ended war.
Broadcom predicted a boom in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia’s dominance in the lucrative market.
And a surge in the yen highlighted the nervous tension surrounding the currency in the run up to the Bank of Japan’s meeting later this month.
Today’s guest:
Pilar Gomez-Bravo, MFS Investment Management, Co-CIO Fixed Income.
Chapters:
00:00:00 – Daybreak Europe
00:04:17 – Broadcom Predicts Surge in AI Chip Sales
00:07:26 – US Weighs Fresh Tariffs on Imported Chips
00:10:02 – Dollar Weakens on Debasement Trade Revival
00:14:12 – Trump Says Iran Strikes to Be Short, Asserts Hormuz Control
00:17:32 – Chevron CEO Wirth on Investing $7 Billion in Venezuela
00:23:36 – Oil Rally Eases
00:27:38 – 30-Year Around the Globe Hit 2026 Highs
00:29:39 – Pilar Gomez-Bravo, MFS Investment Management, Co-CIO Fixed Income
00:37:06 – Uber to Slash 3,300 Roles
00:42:36 – Altman: Entire Society is Going to Need AI
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Phong Le, CEO and president of Strategy, joins Scarlet Fu and Tim Stenovec on “Bloomberg Crypto.” Strategy resumed Bitcoin purchases after a 10-week pause, returning to its signature accumulation strategy after the crypto bear market pressured its shares, weakened confidence in the financing model and prompted a balance-sheet overhaul.
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@openbabel
January 12, 2024 at 3:33 am
The director general of public prcecutions has been asked to press criminal charges on those ministers respnsible for the maltreatment of blind severely disabled children and adults in the UK. This comes close on the heales of the resignation of the chairman of the conservative party held responsible for aledged abuse of these vulnerable people by leaving off any vaccination program for CV19 .
The story to be criminally investigated is…
Folowing warnings by back benchers in january 2022 the dwp wanted to terminate payments to these legally protected people to save money. The collapse of the post office payment system for the blind community on 1 st June 2022 left blind severely disabled children and adults with no accessable system to receive their legally entitlement to disabled incomes or any other payments since that a date. The DWP had not put into place any other means of accessable payment since then dispite been subject to complaints from MPs and charities. This resultied in severe hardship to the most vulnerable in society, resulting in starvation,frost bite, energy poverty,exclusion, hospialisation, and social costs.
The DWP even started to refusing to blind people,staff investigated and concluded that there was no means of delivering payments to the very vulnerable in society. The charities now want a parlimentry enquire converted to a judge led enquiry as severely disabled people are protected by the high court.
The charities are pressing for tis disaster to be cleared up with criminal sentences for those involved within government.Compensation and the commissioning of a new accessable system could cost the tax payer a further 3 billion pounds as a result of what is considered to be intentional hatred, ignorance,culture of disability abuse within government departments. The hih courts have committed to procecution as it is not imagined in 2022 or 2023 an event could happen witout crminal activity within overnment.
Ricky sunak is aware of this disaster and te breaches in ministerial code within his government.He holds full reponsibility for curruption and abuse within the civil service.
He announced that various cost of living payments to parliment which were never received from june 2nd 2022. He has been accused by labour as misleading parliment over the abuse of severely disabled children and blind adults in his direct responsibilty.
To date no payments have or were ever paid to these vunerable people. A parlimentry enquiry has been called by ministers yet another disaster and resignation by tis corrupt government to under take even the simplist tasks for the most vulnerable UK citizens.
@John-se7rc
January 12, 2024 at 3:33 am
Nadim walked away with over 100 million pounds of taxpayers money and a big fat mps pension. He's literally laughing all the way to the bank.
@07MoPower
January 12, 2024 at 3:33 am
Wow, it’s like politicians the world over are the exact same. No wonder they pit us against each other to squabble over which corrupt clown gets to run the show.
@johannderjager4146
January 12, 2024 at 3:33 am
They literally have no room to be taking the moral high-ground lol.
@lozimba1259
January 12, 2024 at 3:33 am
Hahahaha 😹🤡🤘🤘🤘
@carefulconsumer8682
January 12, 2024 at 3:33 am
The rot in the UK and USA runs very deep.
@diamandidimitrov8643
January 12, 2024 at 3:33 am
_ ТЪРСЕТЕ ВСИЧКИ НАЙ ВИСОКИ _/
_ СГРАДИ ПО СВЕТА ИНФОРМ _/
_ Е ВАЖНА НЯКОЙ СИ ИГРАЕ _/
_ ИДИОТ ИЛИ МАЛОУМЕН _/
_ НЕ СЕ ЗНАЕ ЕТО КЪДЕ _/
_ МАЛАРИЯТА _/
_______________________/
@wallacesouza2678
January 12, 2024 at 3:33 am
l am from Germany I used to take loans from the bank for survival but after trading with expert Mrs Olivera Jane khumalo she changed my financial status for real
@peterfoley3043
January 12, 2024 at 3:33 am
Sacked As Conservative Party Chairman….. But Still A Member Of Parliament… WTF !
@meriliu8688
January 12, 2024 at 3:33 am
How about Sunak scandals? lol