Bloomberg Daybreak: Europe Edition Putin Possible No-Show, US ‘Truss Moment’ Call, Burberry’s Struggle
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May 15, 2025 Vladimir Putin delegates low-level officials for peace talks, signaling a potential no-show. NATO foreign ministers brainstorm security plans as the U.S. pushes for increased defense spending. Burberry shifts strategy, focusing on cost-cutting and heritage design to revitalize its brand. Meanwhile, significant U.S.-Qatar agreements aim to enhance economic ties amidst growing fiscal concerns. A market veteran contemplates whether a drastic bond-market correction is needed to steer the U.S. towards fiscal responsibility.
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Putin Avoids Direct Peace Talks
- Putin chose low-level officials for Ukraine peace talks, showing no intent to attend himself.
- Zelensky challenged Putin to direct talks but doubts the latter's attendance.
NATO Pushes European Defense
- NATO foreign ministers meet to prioritize European security with higher defense spending targets.
- The US presses for increased European defense commitments ahead of the June summit.
UK Seeks Investment Visas
- The UK plans a visa to attract foreign investment in strategic sectors like AI and clean energy.
- This aims to offset economic impacts of tax hikes and work permit restrictions.