In the City

Rishi Sunak is calling for the proceeds from frozen Russian assets to go to Ukraine. But concerns have been raised over whether such a maneuver would be legal. Stephanie Baker, a senior reporter on Bloomberg’s investigations team, joins to explain how “financial engineering” can address that.Check out Stephanie Baker's upcoming book Punishing Putin: https://rb.gy/34qik3See omnystudio.com/listener for privacy information.

Former Cazenove CEO reflects on London's banking culture, challenges of executive pay, and the ethical dilemma of NatWest's retail offer. Explore the evolution of London's banking culture, regulatory challenges in the IPO market, comparisons of financial centers post-Brexit, and the importance of inclusive investment opportunities.

Miles Celic, chief executive of TheCityUK, the trade body which represents financial and professional services in Britain, joins Francine Lacqua and David Merritt on In the City  this week. They discuss what the business sector wants to see in the budget next month, what it expects from a Labour government and why holding regulators accountable can be more important than which party is in power. See omnystudio.com/listener for privacy information.

“The most undervalued real estate market in the world today, without a doubt, is the Middle East,”  says property tycoon Nick Candy. Joining host Francine Lacqua on this week’s episode of In the City, Candy says he would be “running” to the region if he were in his twenties and starting up in real estate again. He also explains why when it comes to the UK government’s leadership, he thinks it’s time for a change, and why it'd be impossible for him to build a project like One Hyde Park in London now. See omnystudio.com/listener for privacy information.

UK Economic Secretary to the Treasury Bim Afolami says he wants to connect the public to equities and private markets. He shares his strategy for doing so with Allegra Stratton and Francine Lacqua.See omnystudio.com/listener for privacy information.

A rematch between US President Joe Biden and Donald Trump is looking more likely since Florida Governor Ron DeSantis dropped out of the Republican race and former South Carolina Governor Nikki Haley came in second in New Hampshire. Coupled with recent polls pointing to Biden’s unpopularity with many Americans, politicians and business leaders all over the world are bracing for the possibility that the twice-impeached Trump could return to the Oval Office. On this week’s episode of In the City, Stephanie Flanders, Bloomberg’s Head of Economics and Government, joins Francine and Allegra to lay out what preparations may look like for another four years of Trump.See omnystudio.com/listener for privacy information.

Misinformation and disinformation generated by artificial intelligence was near the top of the World Economic Forum’s report on global threats this year. But it’s not just AI that’s the culprit — it’s also “politicians willing to exploit, distribution patterns over social networks, the capacities of media organizations to verify." Azeem Azhar, creator of the Exponential View, a platform dedicated to in-depth technology analysis and Saadia Zahidi, managing director at the WEF, join hosts Francine Lacqua and David Merritt in Davos to discuss the risk that AI poses to the global order--and why its impact is in our hands. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: Europe Edition delivers today's top stories, with context, in just 15 minutes. Available every morning by 7am GMT in your feed. Subscribe On AppleSubscribe On SpotifySubscribe On Youtube Subscribe On Podcast Addict Subscribe On AudibleSee omnystudio.com/listener for privacy information.

Every January, Eurasia Group puts out a list of the ten most important threats that will preoccupy world leaders, business decision-makers and the rest of the world in the year ahead. On this week’s In the City, the political risk consultancy’s founder and president, Ian Bremmer, tells us the biggest geopolitical risk stems from America’s political dysfunction.He also discusses Elon Musk’s role in a divided America and warns that the Middle East war will escalate. But for some positivity, he points out that although artificial intelligence is a risk in 2024, it also represents a transformative economic opportunity that could usher in a second wave of globalization. Check out the list of Top Risks:https://www.eurasiagroup.net/issues/top-risks-2024See omnystudio.com/listener for privacy information.

Will the UK economy rally, stall or dive in 2024? What will British house prices do? Where is inflation heading and has the Bank of England interest rate peaked at 5.25%? On the last 2023 episode of In the City, senior reporters Phil Aldrick and John Stepek join host Francine Lacqua to answer those questions and share their outlook for the UK economy next year. See omnystudio.com/listener for privacy information.