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Canada’s Trudeau Quits After 9 Years in Power | Horizons Middle East & Africa 01/07/2025

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Canada’s Prime Minister, Justin Trudeau, is resigning, bowing to sagging approval numbers and a rebellion within his own Liberal Party. Also on the show: Asian shares have made gains after Wall Street rallied for a second day; AI has been the dominant tech trend since ChatGPT was launched more than two years ago; the US has blacklisted Tencent and CATL for alleged links to the Chinese military; global research firm, Eurasia Group, has published its annual report predicting the top global risks for the year ahead; Saudi Arabia is raising oil prices for buyers in Asia next month; Nvidia CEO Jensen Huang has announced a raft of new chips, software and services, aiming to stay at the forefront of artificial intelligence computing; German inflation accelerated more than anticipated last month; Saudi Arabia has started 2025 with a borrowing spree, as it looks to fuel its vast economic transformation plan; Ackerley Sports Group to pursue a new deal for the commercial rights to the world champion Springboks rugby team after an initial bid for the South African organization failed. Guests include: Lori Turnbull, Dalhousie University, Political Science Professor, Faculty of Management; Ashvin Murthy, AVM Capital, Founder & CIO; Emilie Bodoin, Pure Lithium, Founder & CEO; Frederik Ducrozet, Pictet Wealth Management, Head of Macroeconomic Research; Ziyanda Stuurman, Eurasia Group, Senior Africa Analyst.

Chapters:
00:00:00 Horizons Middle East & Africa
00:04:44 Canada’s Trudeau quits after 9 years in power
00:08:06 Lori Turnbull, Dalhousie University, Political Science Professor, Faculty of Management
00:13:50 Ashvin Murthy, AVM Capital, Founder & CIO
00:20:28 What’s next for AI in 2025?
00:27:11 US adds Tencent, CATL to blacklist
00:30:18 Emilie Bodoin, Pure Lithium, Founder & CEO
00:37:09 Eurasia group’s top risks for 2025
00:42:06 Saudi Arabia hikes oil price for Asia
00:54:51 Nvidia unveils powerful graphics cards
00:59:34 Frederik Ducrozet, Pictet Wealth Management, Head of Macroeconomic Research
01:05:37 US adds Tencent, CATL to blacklist
01:13:42 Ziyanda Stuurman, Eurasia Group, Senior Africa Analyst
01:21:01 Saudi debt spree starts with bond sale
01:25:04 Ackerley plans new South Africa rugby bid

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.
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Savings, Sundaes & Suits

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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today’s guests: KKR Partner, Head of Global Macro & Asset Allocation Henry McVey and BNY Wealth CIO Alicia Levine.

YouTube Chapters:

00:00 Bloomberg Money Opens
02:55 Personal Finance Roundtable with Nikki Waller & Janet Lorin
04:20 Changes to College and Graduate Student Loans
05:29 Nikki Waller on the Grandparent Economy
08:21 Janet Lorin on the New Economics of College Sports
11:47 Henry McVay, KKR on the New Investing Regime
13:58 Henry McVay on Private Equity and Higher Rates
14:45 Private Markets for Individual Investors
16:13 Investing Through Inflation and Geopolitical Change
19:39 Henry McVay on His Personal Investment Strategy
22:28 Wall Street’s Competitive Entry-Level Job Market with Dan Talbot
24:40 Alicia Levine on Building Wealth for Retirement
26:43 Retirement Investing and Staying in the Market
29:02 Alicia Levine on Debt, Inflation and Portfolio Strategy
31:14 Math, AI and the Future of Investing
32:39 Alicia Levine on Bonds and Fixed Income
34:58 Chris Rovzar on the Comeback of the Suit
36:47 Why Custom Suits Are Back in Style
39:04 What Does a Good Suit Cost?
41:06 Lisa Mateo Previews Bloomberg This Weekend
43:08 Qatar Economic Forum Preview
——–
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Soccer Star Mbappé Leaves Nike to Sign With On

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French soccer superstar Kylian Mbappé is leaving Nike to sign with Swiss sneaker company On. The 27-year-old striker is the World Cup’s all-time goal leader. It’s said to be a 10 year deal. On shares rose with the news. Randall Williams reports.
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SpaceX Said to Cut IPO Valuation Goal

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SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter. Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is settling lower after consultations with advisers and investors, the people said, asking not to be identified as the information isn’t public. Matthew Bloxham of Bloomberg Intelligence has more.
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Stocks, Bonds Climb as Oil Falls on US-Iran Hopes

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Stocks and bonds kicked off the week on a positive note as hopes for diplomatic efforts to end the war in Iran drove oil prices lower, easing inflation anxiety.
The advance in equities erased the S&P 500’s decline for the month, with a renewed rally in chipmakers also buoying sentiment.
Omar Aguilar, CEO and CIO of Schwab Asset Management, joins for a broad look across asset classes for the rest of 2026.
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Bloomberg Markets: European Close (12/23/2021)

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Bloomberg Markets: European Close. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News.
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