Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) The MSCI All Country World Index — one of the broadest measures of the equity market — has still risen 21% this year, supported by Federal Reserve interest-rate cuts and enthusiasm over artificial intelligence. Silver outperformed most assets, surging over 140%. Asian equities are primed for their best year since 2017.
(2) President Xi Jinping declared China is set to meet its economic targets for 2025, with growth expected to reach “about 5%,” providing an upbeat backdrop to data showing a recovery in the nation’s manufacturing sector.
(3) Rail services between London and continental Europe have resumed after a power issue in the Channel Tunnel led to mass cancellations yesterday. Some Eurostar passenger trains did manage to leave London but ground to a halt before entering the tunnel, forcing hundreds of passengers to spend the night stranded on board.
(4) Thieves have stolen valuables worth millions of euros from safety deposit boxes inside a German bank vault. Images released by police show a large hole drilled through a wall and the vault left ransacked. According to Sparkasse bank, around 2,700 customers were affected by the theft in the city of Gelsenkirchen
(5) Warner Bros Discovery plans to once again reject a takeover bid from Paramount Skydance Corp. after the rival media company amended the terms of its offer, according to people familiar with the company’s thinking.
Podcast Conversation: How Wine Will Change in 2026, From Climate Impacts to Gen Z
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