A container ship sinks in the Strait of Hormuz as attacks on commercial shipping escalate. Houthi attacks also put mounting pressure on Saudi Arabia’s crown prince, keeping the security of the region’s energy and trade routes in focus.
South Korea’s Kospi plunges 8%, triggering a 20-minute trading halt as a chip-stock selloff deepens equity losses. US Treasuries rise, while hotter US inflation fuels expectations of further Federal Reserve tightening. Consumer prices record their biggest increase since April.
The energy backdrop remains strained: OECD oil stockpiles fall to their lowest level since 1989. Meanwhile, Middle Eastern refineries increase operations as crude flows recover, despite continuing attacks on shipping.
In an exclusive Bloomberg interview, Nvidia’s chief executive says developers of unsafe AI systems could be cut off, while calling for faster technological progress and highlighting sharply falling AI costs. Separately, Anthropic’s quarterly revenue reaches $16.8 billion ahead of its planned IPO.
Lombard Odier’s Nannette Hechler-Fayd’Herbe discusses AI’s role in manufacturing and her preference for developed-market equities, small caps and Japan. She argues that Europe faces policy challenges rather than a sovereign debt crisis.
Ukrainian President Volodymyr Zelenskyy accuses Donald Trump and Elon Musk of restricting satellite access, raising questions over the country’s reliance on critical communications infrastructure.
At the IMF–World Bank meetings in Bangkok, Lebanese Central Bank Governor Karim Souaid discusses the country’s outlook as the IMF calls for key reforms needed to secure a programme.
In Africa, Eskom’s chief executive outlines a revised strategy as the utility’s monopoly weakens, saying excess capacity creates opportunities to support the wider region. Valterra Platinum approaches a decision on a potential move to underground mining.
Elsewhere, an arrested OpenAI engineer is reported to have booked a one-way ticket to Saudi Arabia. Guests includes Nannette Hechler-Fayd’Herbe, Lombard Odier Head of Investment Strategy, Sustainability & Research, Afshin Molavi, Johns Hopkins University Senior Fellow, Karim Souaid, Lebanese Central Bank Governor, and Karen Young, Columbia University Center on Global Energy Policy Senior Research Scholar.

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
00:05:10 – Nannette Hechler-Fayd’Herbe, Lombard Odier Head of Investment Strategy, Sustainability & Research
00:13:14 – Oil Falls on Easing Middle East Concerns
00:15:56 – Afshin Molavi, Johns Hopkins University Senior Fellow
00:20:18 – Jensen Huang, Nvidia CEO
00:26:42 – Karim Souaid, Lebanese Central Bank Governor
00:35:34 – Karen Young, Columbia University Center on Global Energy Policy Senior Research Scholar
00:41:24 – Dan Marokane, Eskom CEO
00:43:12 – Valterra Platinum Nears Decision on Underground Move
——–
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Copper Sky Capital Managing Director Jack Selby questions why Anthropic is rushing into the public markets when, in his words, the company has ‘so much cash on their balance sheet, almost as much as Google’. He speaks on “Insight with Haslinda Amin.” (Corrects the company name and Jack Selby’s job title across the headline, description and throughout the video.)
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Bloomberg’s Michael Shepard says Nvidia’s relationship with the Singaporean company called Megaspeed International has been under scrutiny for more than a year. Nvidia CEO Jensen Huang admitted to having an affair with a woman from the company identified as a suspected Chinese spy. Here’s a quick recap of what we know so far.
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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.

On today’s show, the US carried out a second day of strikes on Iran. US Central Command says around 90 targets were hit. The Islamic Revolutionary Guard Corps says it struck US bases in Kuwait and Bahrain. Asked if a full-scale military campaign would resume, US President Donald Trump said, “I don’t know,” but it would be won “very quickly.”

Minutes from the Fed’s June meeting show that ‘a few’ officials said there was a case for raising interest rates, though they ultimately supported the decision to stay on hold. There was also growing concern over inflation, just as worries over the labor market receded.

And the board of Volkswagen is expected to consider plans for a sweeping restructure of the global automaker. Bloomberg understands the proposals could ultimately eliminate as many as 100,000 jobs and close four German factories.

Today’s guest: Trevor Charsley, Corpay, Senior Technical Strategist.

Chapters:
00:00:00 – Daybreak Europe
00:01:18 – ECB Minutes, German Trade & SK Hynix IPO
00:02:34 – US Launches Second Day of Strikes on Iran
00:08:37 – NATO Summit: Trump, Ukraine & Alliance Unity
00:12:17 – Asian Markets, Chip Stocks & Oil Rally
00:15:42 – Fed Rate in Fcus
00:19:22 – Fed Minutes Signal Rate Hike Debate
00:21:49 – Bain Capital Exits Kioxia Investment
00:27:02 – Mideast Flare-Up Reignites Inflation Concerns
00:30:19 – Fed Minutes in the Warsh Era
00:32:15 – Trevor Charsley, Corpay, Senior Technical Strategist
00:40:33 – Volkswagen Considers Major Restructuring
00:44:32 – Platner Suspends Maine Senate Campaign
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Food and energy prices drove the consumer price index higher for October, likely keeping the Federal Reserve on track to raise interest rates next month. Grocery, gasoline and electricity prices all rose. Tiffany Wilding, Pimco economist, says higher energy prices are causing companies to pass along the costs to consumers.
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