Bloomberg Daybreak: Europe Edition US-Ukraine Minerals Deal, ‘Gold Card’ Trump Visas & Foxtons Allegations
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Feb 26, 2025 Ukraine and the US are joining forces to develop valuable mineral resources, a major step for both nations. President Trump is pushing for potential copper tariffs that could shake up global supply chains. Meanwhile, a controversial program offering residency for $5 million aims to attract wealthy investors. In the UK, troubling allegations of misconduct and a toxic culture at Foxtons are on the rise, sparking demands for accountability. The podcast dives into the overlaps of geopolitics, economics, and corporate responsibility.
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US-Ukraine Minerals Deal
- Ukraine agreed to a minerals deal with the US, easing tensions with Trump.
- The deal aims to advance a ceasefire with Russia and involves joint resource development.
UK Defense Spending Increase
- Trump's stance on European security is prompting a shift in European strategy.
- The UK plans to increase defense spending, partially funded by aid budget cuts.
Potential Copper Tariffs
- Trump directed the Commerce Department to examine potential copper tariffs, citing national security.
- This could increase costs and reshape global supply chains.