Caroline Hepker
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I'm Caroline Hepker.
UK Prime Minister Keir Starmer appears to have won a reprieve from a potential leadership challenge with all members of his cabinet backing him to stay on.
The public endorsement of Starmer comes after a second top advisor resigned and the leader of the Labour Party in Scotland, Anas Sarwar, called for the Prime Minister to go.
However, Sarwar's push for Starmer's removal was met with a wall of support for the Prime Minister as Labour politicians came to his defence.
And perhaps most notably, key potential leadership challenges, including the likes of former Deputy Prime Minister Angela Rayner and Health Secretary Wes Treating, opted to back Starmer.
The near-unanimous public support from Streeting and others gives Starmer more time in the top job, but his record-low polling and upcoming local elections are adding to a growing sense of crisis in Downing Street.
Meanwhile, Barclays has announced a £1 billion share buyback as it reported investment banking revenue ahead of expectations.
The UK-based bank reported investment bank revenue of £2.79 billion in the final three months of 2025, boosted by strong performances for both its equities and fixed income franchises.
Barclays CEO C.S.
Venkatakrishnan says the bank is firing on all cylinders.
Venkata Krishnan also talked up AI in the interview with Bloomberg TV, saying that the bank plans to use the new tech to personalise services.
Last year, Barclays shares rose by 77%.
Its biggest annual gain on record, Barclays shares up this morning as much as 2.6% in London.
Bloomberg has learned that the European Union is preparing options to embed Ukraine's future EU membership into any peace deal with Russia.
Formal negotiations on EU membership began in 2024, but the process has been stalled by objections from Hungary.
With more, here's our chief Europe correspondent, Oliver Crook.
That's news when you want it with Bloomberg News Now.
I'm Caroline Hepke.