FT News Briefing Bulgaria moves into the Eurozone
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Jun 5, 2025 Apple's AI rollout in China faces delays due to regulatory issues tied to the trade war. Wells Fargo is eager to rebound after lifting its asset cap, strategizing for growth in a competitive market. In a significant move, Bulgaria has received approval to join the Eurozone by 2026, amidst both optimism for economic stability and protests against the decision. The journey highlights Bulgaria's commitment to European integration, despite challenges and historical controversy surrounding this milestone.
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Apple's AI Delayed by Politics
- Apple's AI service in China faces regulatory delays due to geopolitical tensions.
- The US-China trade war and US tariffs heavily impact Apple's China strategy and stock price.
Wells Fargo's Growth Challenge
- Wells Fargo's asset cap lifted after years, enabling growth but challenges remain.
- The bank needs to recover reputation and gain market share in a mature US banking market.
Putin Not Ready for Ukraine Peace
- Putin not ready for immediate Ukraine peace and plans retaliation for drone attacks.
- Trump's phone call described as good but tense over Ukraine conflict prospects.