Bloomberg Daybreak: Europe Edition Trump Ukraine Doubts, US-Australia Rare Earth Deal, 7-Min Louvre Heist
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Oct 21, 2025 In a dramatic shift, Donald Trump now questions Ukraine's ability to defeat Russia. The UK plans to invest over £100 million in troops for a possible ceasefire. Meanwhile, the US and Australia strike a deal to access rare earths, challenging China's supply dominance. Sanae Takaichi makes history as Japan's first female prime minister. An AWS outage disrupts major online services, and BNP Paribas faces scrutiny linked to Sudan human rights abuses. Plus, insights into recent museum heists and their motivations.
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Trump Reverses On Ukraine's Prospects
- Donald Trump publicly cast doubt on Ukraine's ability to defeat Russian forces after previously saying Ukraine could reclaim all its territory.
- The shift signals US uncertainty and complicates allied strategy ahead of a Trump-Putin summit.
Sanctions Strategy Splits US And EU
- The US Senate will delay new sanctions on Russia until after Trump's meeting with Putin, diverging from EU plans for fresh measures.
- Europe risks fragmented pressure on Moscow as transatlantic approaches split on timing and leverage.
US–Australia Rare Earths Pact
- The US and Australia signed a pact to boost US access to rare earths and critical minerals to counter China's dominance.
- Each government will initially commit more than $1 billion to projects and jump-start supply-chain alternatives.