Bloomberg Daybreak: Europe Edition Putin-Zelenskiy Possible Meet, UK Yield Tops Truss High, Desert Ski Resort Woes
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Aug 19, 2025 Abir Amu Omar, Bloomberg's Middle East economics and government reporter, dives into geopolitical tensions and economic shifts. She discusses the potential Trump-led summit between Putin and Zelensky, exploring its implications for peace in Ukraine. The UK's struggling economy faces new challenges with rising bond yields and potential tax reforms. Plus, Omar highlights the ambitious yet testing desert ski resort project in Saudi Arabia, raising questions about the Kingdom's grand future plans. It's a mix of politics, economics, and daring visions!
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Momentum Toward Direct Leader Talks
- Donald Trump urged Putin to plan a summit with Zelensky and proposed a one-on-one followed by a trilateral meeting including himself.
- Zelensky welcomed talks and secured agreement on security guarantees and reserving territorial issues for leader-level discussions.
State And Private Backing For Intel
- The SoftBank purchase and possible US stake aim to shore up confidence in Intel amid product and balance-sheet challenges.
- Converting CHIPS Act grants into equity could make the US a major shareholder and stabilize investor sentiment.
BoE Rate Cuts Look Off The Table
- Markets now expect the Bank of England to hold rates at 4% for the rest of the year as inflation rises.
- Traders cut bets on early cuts after a hawkish MPC meeting and forecasts of headline inflation rising toward 4%.