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Gold Falls for the Third Session, Oil Edges Higher | Horizons Middle East & Africa 7/01/2026

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A positive start to the US-Iran talks in Doha , S&P 500 closed out its best quarter since 2020. Traders are watching for Japan’s next red line on the YEN, while oil edged higher as Middle East peace talks continued and shipping through the Strait of Hormuz recovered. The US lifted restrictions on Anthropic’s Fable 5 AI model, Donald Trump reported at least $1.5 billion in cryptocurrency earnings for 2025. In legal news, the US Supreme Court backed birthright citizenship, Susquehanna won the right to subpoena brokers in an alleged insider trading case. Thousands joined anti-migrant demonstrations across South Africa, Abu Dhabi proposed a new offshore oil pricing benchmark, and gold fell for a third consecutive session amid easing Iran tensions and uncertainty over US interest rates. ALCOA’s $5.6 billion South32 deal to capitalize on the aluminum boom, Ethiopia’s $1 billion bond rallying after a restructuring agreement, Dubai International Financial Centre continuing to attract top global talent, Emirates NBD is considering the acquisition of HSBC’s Turkey business. Guests Include Rahul Chadh, Shikhara Investment Management CIO & Founder; and George Cheveley, Ninety One Natural Resources Portfolio Manager. Stay informed with the latest global business news, financial markets, stocks, commodities, oil, gold, currencies, cryptocurrencies, and geopolitical developments from around the world.

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
00:03:39 – Japan’s Yen Red Line
00:07:25 – Rahul Chadh, Shikhara Investment Management CIO & Founder
00:13:16 – Oil Rises on Peace Talks
00:17:26 – US lifts restrictions on Anthropic’s Fable 5
00:19:56 – Trump Reports $1.5B+ in 2025 Crypto Earnings
00:25:01 – Abu Dhabi Proposes New Offshore Oil Benchmark
00:30:50 – George Cheveley, Ninety One Natural Resources Portfolio Manager
00:37:16 – Ethiopia’s $1B bond jumps after restructuring deal
00:42:09 – Dubai’s financial center draws top tenants
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World Bank’s Mishra Pushes Back on India Growth Doubts

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A range of high-frequency indicators show India’s economy is gaining momentum, said World Bank Executive Director Neelkanth Mishra, pushing back against skepticism over GDP data, in an interview with Bloomberg’s Haslinda Amin and Menaka Doshi.
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How America Got Hooked On Celsius

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In a corner of the beverage industry known as much for over-caffeinated hype as it is for outrageous naming conventions, new brands appear just as quickly as others disappear. Deena Shanker explains how Celsius has managed not only to outlast most of its competition, but to stand apart.
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Bloomberg This Weekend | Iranian Tanker Sinks, Push For Peace in Ukraine, State of the Labor Unions

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The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by BBC Chief International Correspondent Lyse Doucet, AFL-CIO President Liz Shuler, Michigan Rep. Haley Stevens and California Rep. Kevin Kiley.

Chapters:
00:00:00 – Bloomberg This Weekend Begins
00:01:31 – News Now with Lisa Mateo
00:04:28 – Iran Targets Oil Tankers in Response to US Strikes
00:06:48 – US Strikes 3 Iranian Tankers in Response to Attacks
00:09:54 – US Envoys Kushner & Witkoff Arrive in Ukraine
00:13:51 – Germany Holding Key State Election Today
00:16:12 – German Election Pose Risk to Chancellor Merz
00:18:00 – Lisa Mateo with News Now
00:19:19 – Canada’ Reciprocal Tariffs to Take Effect Tuesday
00:21:17 – Bessent: Canada Tariffs “Negligable” Impact on US
00:23:06 – New Canadian Tariffs to Hit Metals & Machinery
00:28:34 – The Big Business of Helping the Rich Dodge Taxes
00:31:28 – News Now with Lisa Mateo
00:33:00 – BBC Goes Inside Afghanistan Ahead of 9/11 Anniversary
00:35:29 – BBC Reporter Explores Life Under Taliban Rule
00:41:29 – BTW with Lisa Mateo
00:48:29 – Top of the Hour with Bloomberg This Weekend
00:50:10 – Lisa Mateo with News Now
00:52:43 – Iran Says It Targeted Tankers in Response to US Strikes
01:00:12 – Trump Blames Biden For Giving Weapons o Ukraine
01:01:36 – USS Lincoln Docks in Thailand After 9 Months at Sea
01:02:41 – Thai City Rolls Out Red Carpet for US Sailors
01:03:51 – Sailors Share Troubling Stories From Department
01:06:30 – News Now with Lisa Mateo
01:08:16 – AFL-CIO President Joins Bloomberg This Weekend
01:20:00 – Lisa Mateo with News Now
01:22:15 – This Week: Republican Midterm Convention in Dallas
01:25:20 – Trump’s MAGA INC. Sends $10M to Aid Ken Paxton
01:28:43 – Obama to Headline NYC Fundraiser on Thursday
01:30:00 – Ad – British Food Culture Hits the United States
01:37:00 – ad – Top of the Hour with Bloomberg This Weekend
01:37:44 – Headlines with Lisa Mateo
01:40:26 – Kushner, Witkoff Meet Zelenskyy in First Visit to Kyiv
01:42:47 – Rep. Haley Stevens Joins Bloomberg This Weekend
01:56:25 – Rep. Kevin Kiley Joins Bloomberg This Weekend
02:06:51 – News Now with Lisa Mateo
02:09:44 – The Real Toll of Europe’s Heatwave
02:12:00 – Lisa Mateo with News Now
02:13:26 – LA Clippers Fined $40M, Lose 5 Picks for Salary Cap Circumvention
02:16:39 – WNBA Commissioner Engelbert to Retire After Seven Years
02:17:36 – Bloomberg Power Players
02:18:53 – NYC’s US Open Tickets Tumble to Below $100 a Seat
02:19:57 – Cannabis Fumes Distract Tennis Stars at US Open
02:22:01 – Pointed: The News Quiz for Risk Takers
——–
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People Trying Hard To ‘Outfox’ S&P 500: Cutright

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Brooks Cutright, portfolio manager at Hedgeye Asset Management, joins Scarlet Fu and Eric Balchunas on “Bloomberg ETF IQ.” Index tracking funds have nearly $27 trillion tied to the S&P 500. This Friday the S&P 500 is set to announce who may be added or taken out of the index as part of a rebalancing. Thirty-six companies appear to qualify for entry, while more than 110 existing members no longer meet the index’s market-cap hurdle.
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Big Yen Spike Leaves Traders Guessing On Intervention

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The yen has extended its sharp rebound — gaining as much as 1.2% against the dollar today. Traders are increasingly alert to another intervention by Japan and the US after last month’s record $96 billion effort. Investors are also questioning whether the Bank of Japan could raise interest rates more aggressively than previously expected. Bloomberg’s Macro strategist Skylar Montgomery Koning joins Stephen Carroll and James Woolcock on Bloomberg Radio to discuss.
——–
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