Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£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.
News when you want it with Bloomberg News Now. I'm Stephen Carroll.
And I'm Caroline Hepker.
Both the United States and Iran say talks on a nuclear deal are making progress, suggesting the chances of an imminent military clash are low. A U.S. official has told Bloomberg that Iran's diplomats are due to return to Geneva in two weeks with a new proposal. Iran's foreign minister, Abbas Araghchi, says the path to a deal has started.
We are hopeful that negotiation will lead to a sustainable and negotiated solution at the same time as demonstrated during the aggression of 13 June 2025. Iran remains fully prepared to defend itself against any threats.
The Iranian foreign minister speaking in Geneva. A deal could mean the US lifting tough sanctions on Iran's oil industry and wider economy, but the next steps are expected to get more difficult, with each side needing to draft a text for a deal. US Vice President J.D. Vance told Fox News force was still an option.
You know, in some ways it went well. They agreed to meet afterwards. But in other ways, it was very clear that the president has set some red lines that the Iranians are not yet willing to actually acknowledge and work through. So we're going to keep on working it. But of course, the president reserves the ability to say when he thinks that diplomacy has reached its natural end.
We hope we don't get to that point. But if we do, that'll be the president's call.
Vance and other U.S. officials have talked up the prospect of strikes on Iran as the U.S. has moved to arms and troops to the region. Oil prices fell on the signs of progress in the talks, but Brent crude is up almost 12% this year, largely because of the U.S.-Iran tensions and the prospect of a war in the oil-rich region.
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Chapter 2: What progress has been made in the US-Iran nuclear talks?
That follows a report from the Financial Times citing one person familiar with Lagarde's thinking, saying she wants to step down before France's presidential election in April 2027. The statement from the ECB says the central bank chief is totally focused on her mission. There had been speculation that Lagarde may want to exit before the end of her eight-year term, which ends in October 2027.
Here's what Lagarde told Bloomberg TV in November.
I was always under the impression that it was a five-year term and I hadn't checked. So having said yes to Macron and Merkel, I said, OK, well, I'll be in Frankfurt for five years. And at that point, Macron said... No, for eight years. But it was too late.
The ECB president there speaking to Bloomberg's leaders with LACWA last year. Earlier this week, we reported that European governments may choose to fast track finding a successor for Lagarde to avoid having to deal with a possible far-right French president after next year's elections.
Anthropic is releasing a new AI model designed to be better at getting your computer to do complex tasks on your behalf. The new update to the company's clawed chatbot comes as AI fears continue to unsettle global markets.
Some private software companies like McAfee have released their earnings ahead of time in a bid to try to reassure investors that they are resilient to disruption from this new technology. Although the firm's declined to comment... Their disclosure comes after a previous Anthropic product launch sparked a major sell-off.
Warren Buffett's Berkshire Hathaway is shaking up its portfolio according to the latest regulatory filings. Bloomberg's Tiwa Adebayo has the story.
When his firm first acquired shares in Amazon in 2019, Warren Buffett said he'd been an idiot for not buying the online retail giant stock sooner. But years later, it seems that sentiment could have shifted. Berkshire Hathaway slashed its investment in the company by more than 75% towards the end of last year, whilst also building its position in The New York Times.
The move was one of Buffett's last bets as CEO of the famed conglomerate before stepping down. Berkshire also increased its stakes in Chevron and Chubb during the period. In London, Tiwa Adebayo, Bloomberg Radio.
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Chapter 3: What challenges lie ahead for the US and Iran in negotiations?
stocks, 50 futures, also gaining three-tenths of 1%. Very thin holiday trading in Asia, but Japanese stocks extending gains The pound was hit hard yesterday. The dollar this morning is strengthening against all currency majors. The blue big dollar spot index up a tenth of 1%.
Fed officials saying that AI productivity and the boost that that could bring could raise the neutral rate in terms of 10-year treasury yields this hour. You've got 4.06, so yields rising just a fraction. And the crypto route continues. Bitcoin trading just above $67,000. Those are the markets.
That's news when you want it with Bloomberg News Now. I'm Stephen Carroll.
I'm Caroline Hepke. And this is Bloomberg.
As a place to do business, the UK stands apart. Not because of a single advantage, but a uniquely powerful combination of many. As one of the world's leading financial centres, the UK puts over Ā£10 trillion to work every day, fuelling innovation across every sector. Home to four of the world's top universities, it provides exceptional talent and breakthrough research.
This sits alongside a clear 10-year industrial strategy, unlocking smarter regulation and making it faster and easier to operate. Stability with dynamism. Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth.
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
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