Bloomberg Daybreak: Europe Edition

Your morning briefing. All the news you need to start your day

On today's podcast:

(1) ogistics stocks plunged on Thursday as the group became the latest victim of the artificial intelligence “scare trade.” At the center of the selloff: a former karaoke company with a stock-market value of only $6 million.

(2) OpenAI has warned US lawmakers that its Chinese rival DeepSeek is using unfair and increasingly sophisticated methods to extract results from leading US AI models to train the next generation of its breakthrough R1 chatbot, according to a memo reviewed by Bloomberg News.

(3) Goldman Sachs' top lawyer Kathy Ruemmler is leaving the firm following a cache of Department of Justice documents showing her links with sex offender Jeffrey Epstein.

(4) Hungarian opposition leader Peter Magyar said he was secretly taped having sex with his former partner in 2024, preempting a potential release of a video that he called a “Russia-style” attempt to blackmail him before pivotal elections in April.

(5) UK Defense Secretary John Healey said allies have pledged as much as $35 billion in new military aid to Ukraine to strengthen its air defenses after a series of massive Russian air strikes on energy infrastructure and civilian targets.

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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Democratic lawmakers accused Attorney General Pam Bondi of using the US Justice Department to target enemies of President Donald Trump and bungling the release of files on disgraced financier Jeffrey Epstein during a fiery hearing Wednesday.

(2) Donald Trump’s tariff policies suffered their strongest political blow yet with the Republican-led US House passing legislation aimed at ending the president’s levies on Canadian imports.

(3) The UK economy grew less than forecast in the fourth quarter as business investment shrank and services stagnated, adding to pressure on embattled Prime Minister Keir Starmer.

(4) Nuveen is buying Schroders Plc in a £9.9 billion ($13.5 billion) deal, creating one of the world’s largest active asset managers with nearly $2.5 trillion of assets.

(5) French President Emmanuel Macron returned to his “Made in Europe” push on the eve of a key European Union meeting, putting him at odds with German Chancellor Friedrich Merz over how best to tackle Europe’s economic woes.

Podcast Conversation: In Defense of Fakes: A Provocation
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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Democratic lawmakers accused Attorney General Pam Bondi of using the US Justice Department to target enemies of President Donald Trump and bungling the release of files on disgraced financier Jeffrey Epstein during a fiery hearing Wednesday.

(2) Donald Trump’s tariff policies suffered their strongest political blow yet with the Republican-led US House passing legislation aimed at ending the president’s levies on Canadian imports.

(3) The British Prime Minister has labelled comments on immigration made by Manchester United's Co-Owner Jim Ratcliffe as 'offensive and wrong'. A spokesperson for Number 10 also called on the billionaire boss of Ineos Chemicals to apologise for the remarks made during an interview with Sky News. During the conversation Ratcliffe said the UK couldn't sustain its current population growth.

(4) French President Emmanuel Macron returned to his “Made in Europe” push on the eve of a key European Union meeting, putting him at odds with German Chancellor Friedrich Merz over how best to tackle Europe’s economic woes.

(5) WhatsApp said Russia’s government has moved to “fully block” its popular encrypted messaging service in the country as part of an effort to drive adoption of a new, state-sponsored app.

Podcast Conversation: In Defense of Fakes: A Provocation
See omnystudio.com/listener for privacy information.

Your morning briefing. All the news you need to start your day

On today's podcast:

(1) At least 10 people are dead and 25 injured after a mass shooting in northeastern British Columbia, according to the police. The shootings were Canada's deadliest rampage since 2020.

(2) European Union leaders are finally ready to unify their markets to compete globally, European Council President Antonio Costa said, arguing that the fracturing world order is driving the continent to act.

(3) The European Parliament is moving closer to approving a trade deal with the US after senior lawmakers agreed to make some changes ahead of a vote planned this month.

(4) Russia’s crude shipments are holding steady in the face of mounting pressures on its critical oil trade, but the steeper discounts that are keeping the barrels flowing have hammered the Kremlin’s revenues.

(5) Kimbal Musk, a longtime director at Tesla and the brother of Elon Musk, was connected with at least two women through Jeffrey Epstein several years after the disgraced financier pleaded guilty to sex crimes, emails released by the US Justice Department show.

(6) Poland has never been more prosperous or more influential since regaining its independence as a sovereign state a little over a century ago. Data compiled by Bloomberg show that companies from Poland announced 22 acquisitions in Western Europe last year, the highest number on record, and another four are in the works this year.
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Your morning briefing. All the news you need to start your day

On today's podcast:

(1) Keir Starmer’s cabinet members voiced their support for the prime minister on Monday, buying him time to shore up his beleaguered premiership after the Labour Party’s leader in Scotland urged him to quit.

(2) The European Union is preparing a series of options to embed Ukraine’s membership in a future peace deal, according to people familiar with the matter.

(3) The European Central Bank is striving to ensure inflation remains under control as part of efforts to fortify the continent’s economy, President Christine Lagarde said, urging lawmakers to follow through on a list of necessary reforms.

(4) US insurance broker stocks were pummeled Monday as the launch of an artificial intelligence tool from privately held online insurance shopping platform Insurify sparked fears about the industry facing disruption.

(5) A typical lower-income British household would have to wait 137 years to see its living standards double, according to the Resolution Foundation — more than three times longer than in the past.

(6) Aberdeen, with its windswept views of the North Sea, has for decades carried the title of Europe’s oil capital. Yet that status has been slipping for years, sharpening a political fight in Westminster over whether the industry is even worth salvaging at this point.

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