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Bloomberg Daybreak: Europe Edition

Funds Commit 5% To UK, Global Markets Soar, Starmer House Fire Probe

13 May 2025

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Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK pension fund managers have agreed to invest at least 5% of their assets at home, marking a win for the Labour government that’s seeking to boost the economy by drawing billions of pounds into local startups and infrastructure projects.(2) Most Asian stock markets rose, following a rally in US equities, on optimism the US-China trade truce marks the end to an all-out tariff war. (3) Xi Jinping’s decision to stand his ground against Donald Trump could hardly have gone any better for the Chinese leader.  (4) UK counter-terrorism police are investigating a fire that took place in the early hours of Monday morning at a residential London home owned by Prime Minister Keir Starmer. (5) Apple is planning to use artificial intelligence technology to address a frequent source of customer frustration: the iPhone’s battery life. Podcast conversation: Samsung Debuts $1,099 S25 Edge, Kicking Off Wave of Thin PhonesSee omnystudio.com/listener for privacy information.

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