Canada Mass School Shooting, EU Advances US Trade Deal, More

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What is the main topic discussed in this episode?

Unknown 0:00
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
Stephen Carroll 0:28
News when you want it with Bloomberg News Now. I'm Stephen Carroll.
Caroline Hepker 0:32
And I'm Caroline Hepker.
Stephen Carroll 0:34
A shooting at a school in the Canadian province of British Columbia has left eight dead, including a woman whom police believe to be the shooter. Authorities say two more people were found dead at a nearby home. British Columbia Premier David Eby told reporters that police officers reached the school within two minutes.
David Eby 0:52
I'd like to take this opportunity to ask British Columbians, to ask all Canadians, to wrap the people of Tumbler Ridge, wrap these families with love. Not just tonight, but tomorrow and into the future. This is something that will reverberate for years to come.
Stephen Carroll 1:09
David Eby was speaking as police say they are not yet releasing the identity of the suspected attacker. In a statement on social media, Canadian Prime Minister Mark Carney said he was devastated by the mass shooting, which is Canada's deadliest since 2020. Carney's office said he is suspending a planned trip to Germany for the upcoming Munich security conference.
Caroline Hepker 1:32
The European Council president has told Bloomberg that the EU must review its powerful competition rules to boost the bloc's economy. Antonio Costa was speaking ahead of a gathering of EU leaders this week, which will focus on improving competitiveness as the region faces challenges from the US and China.
Unknown 1:52
We need to look at our competition rules because it's clear that we need to, at the same time, protect our consumers, to ensure a vibrant competition in our single market, but at the same time, allow companies to scale up, to be competitive in the global market.
Caroline Hepker 2:11
The European Council president was speaking after the German and Italian governments warned Europe must act now on reforming its single market. In a paper circulated ahead of tomorrow's leaders' meeting, they called, among other measures, for the EU to loosen merger rules, allowing European companies to scale up and rival America's tech giants.
Stephen Carroll 2:33
The European Parliament is moving closer to approving the EU's trade deal with the United States. Senior lawmakers have agreed to back the deal ahead of a vote, but they've added a sunset clause to the pact which would see it expire in March 2028 in an effort to force the US to lower its 50% tariff on steel and aluminium products. Months have passed since both sides agreed to dial down trade tensions, compromising on a 15% tariff on EU goods entering the United States. The deal has faced a rocky path to approval in the European Parliament. A vote is expected on the 24th of February.
Caroline Hepker 3:07
Russia's oil revenues are collapsing as the country offers steep discounts to keep its trade going. A Bloomberg analysis of crude shipments shows that exports are holding steady at 3.3 million barrels per day, the same level since the start of the war in Ukraine. But the country's revenue is now at its lowest point in five years. Weaker global prices, a shortage of buyers and a stronger currency are all pushing Russia's oil revenues lower as the US continues to try to bring Russian and Ukrainian envoys together for peace talks.
Stephen Carroll 3:42
Kimball Musk, a long-time director at Tesla, has been connected with at least two women through Jeffrey Epstein. The emails involving or about Kimball Musk, Elon's brother, occurred several years after the disgraced financier pleaded guilty to sex crimes and show an easy rapport between the men. Kimmel Musk released a statement saying Epstein did not introduce him to the woman he began dating in 2012. The latest Epstein files released by the U.S.

What happened in the recent mass school shooting in Canada?

Stephen Carroll 4:08
Justice Department have revealed his extensive network of connections to wealthy and powerful figures. They include U.S. Commerce Secretary Howard Lutnick.

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