Europe’s largest carmaker Volkswagen plans to slash an additional 50,000 jobs as it struggles to compete with cheaper Chinese rivals.

Melanie Boeff explains.
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Oil advances as Iran ramps up attacks on vessels in the Strait of Hormuz, challenging shipments even as crude flows through the key waterway recover. Saudi Arabia’s East-West pipeline is operating normally, while the Iran war continues to drive billions of dollars in energy infrastructure costs.
Yemeni forces launch a campaign to recapture territory, while economic pressure could help push the US-Iran conflict toward a deal in 2027.
Asian stocks edge lower as oil rises, while US Treasury yields retreat from their highest levels since 2002. Japanese stocks fall as higher oil prices and yields keep investors cautious, while Taiwan overtakes South Korea in global AI trade.
JPMorgan CEO Jamie Dimon tells Bloomberg that governments cannot borrow and spend endlessly, while saying data-center challenges will be worked through and AI could dramatically improve people’s lives despite creating new vulnerabilities.
The UAE launches Falcon, an AI model designed for the Emirati dialect. UAE Presidential Adviser Faisal Al Bannai discusses the development with Bloomberg at AI Everything.
India’s central bank raises its repo rate by 25 basis points to 5.5%, while investors watch the BOJ and upcoming Samsung earnings.
DeepSeek is set to raise at least $12 billion in a Tencent-led funding round, while another AI infrastructure deal seeks $40 billion to acquire Nvidia chips.
Ebola spreads beyond Congo, with Kenya reporting its first imported case after a patient arriving from Congo died. The outbreak has now spread across seven Congolese provinces. Elsewhere, Bitcoin recovers from session lows and Trump says a call with Vladimir Putin is planned. Guests includes Casey Sprake, AG Capital Market Strategist, Faisal Al Bannai, UAE Presidential Adviser and Ramona Moubarak, BMI MENA Country Risk 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
00:05:11 – Oil Advances as Vessel Attacks Challenge Hormuz Shipments
00:09:11 – Middle East Oil Chiefs Call for Shared Energy Investment
00:13:25 – Casey Sprake, AG Capital Market Strategist
00:18:35 – Faisal Al Bannai, UAE Presidential Adviser
00:28:50 – Ramona Moubarak, BMI MENA Country Risk Head
00:35:39 – Jamie Dimon, JPMorgan Chairman & CEO
00:37:58 – DeepSeek Set to Raise at Least $12B in Tencent-Led Round
00:41:58 – Ebola Outbreak Spreads to Kenya
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Kenyan President William Ruto is in Europe, visiting Spain and the United Kingdom. On his trip, Ruto is expected to seal major investment deals. Bloomberg’s Jennifer Zabasajja reports.
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“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.

Chapters:
00:00:00 – Bloomberg: The Asia Trade begins
00:01:13 – S&P 500 climbs to record high on earnings optimism
00:03:39 – SpaceX looks to raise $40B to buy Nvidia chips
00:13:01 – Allspring Global Investments’ George Bory on fixed income outlook
00:21:16 – EXCLUSIVE: JPMorganChase CEO Jamie Dimon on AI buildout
00:24:06 – BREAKING: Japan Aug. labor cash earnings rise 3.8% Y/Y; est. +3.7%
00:26:42 – Former Canadian Minister of International Trade Mary Ng on trade ties, opportunities in Asia
00:36:39 – Sources: Apple to launch doorbell, lock and thermostat co-developed with LG
00:40:32 – Samsung investors want evidence profit boom has staying power
00:43:39 – RBA fears AI stock selloff could hit spending
00:47:20 – Markets open in Japan and South Korea
00:51:01 – US Treasury yields fall from 2002 highs
00:55:35 – EXCLUSIVE: JPMorganChase CEO Jamie Dimon on AI and data centers
01:00:53 – Hines Global CIO David Steinbach on US economy, AI impact
01:07:08 – Iran ramps up ship attacks in Hormuz
01:14:13 – Robinhood’s Johann Kerbrat on crypto strategy at TOKEN2049
01:22:38 – Taiwan overtakes South Korea in global AI trade
01:26:58 – DeepSeek set to raise at least $12B in Tencent, CATL-led round
01:31:18 – Paramount, Warner Bros. merge creating Skydance
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As the elite and elusive executives at Jane Street break industry records, the question of who wields power there remains one of its enduring enigmas. Bloomberg’s Max Abelson and Katherine Doherty explain.
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