Caroline Hepker

Ambassador Andrew Puzder told Bloomberg Radio this morning that adopting such rules would be a serious mistake.

The US ambassador to the EU is speaking as the European Commission is preparing to unveil its Industrial Accelerator Act, part of its plan to boost the European economy.

The package contains local content requirements affecting everything from cars to manufacturing.

However, the precise details have yet to be agreed with EU member states divided about how far to embrace a bi-European doctrine.

Former Prince Andrew Mountbatten-Windsor has been released under investigation.

That's after the brother of King Charles III was arrested yesterday on suspicion of misconduct in public office.

The arrest came after further details emerged of Andrew Mountbatten-Windsor's relationship with convicted sex offender Jeffrey Epstein.

The former prince has consistently denied any wrongdoing.

Legal commentator Joshua Rosenberg says that any decision to charge Mountbatten-Windsor could take time.

Legal commentator Joshua Rosenberg, King Charles III issued a statement outlining his deepest concern about the matter and promised Buckingham Palace's full and wholehearted support and cooperation with the investigating authorities.

And lastly, Christine Lagarde says that she expects that completing her mission as president of the European Central Bank will take until the end of her term.

This amid speculation that she could resign early.

In an interview with the Wall Street Journal, she said that her baseline is that it will take until the end of her term to get to her goals of financial stability and protecting the euro.

She also told the newspaper the World Economic Forum is one of the many options she's considering after she leaves the Central Bank.

She declined, though, to comment on reports in the Financial Times just earlier this week, suggesting that she could step down before her term expires in October 2027.

It had been reported that her early departure would then give the French President Emmanuel Macron time to have a say in picking her successor at the ECB before the French presidential election in April 2027.

That's news when you want it with Bloomberg News Now.

I'm Caroline Hepker.

And I'm Caroline Hepker.

The US President's latest warnings come as Bloomberg has learned that the UK has not granted permission for its bases to be part of any strike on Iran.