Bloomberg News and Videos — Page 567

Amundi Investment Institute Head Monica Defend discusses the market reaction to Keir Starmer's announcement that he will step down as British prime minister. Speaking on Bloomberg Television, she says "this was largely expected," which justifies the "containment in volatility." Defend adds there is still value on the yield and that "the real story is one of fiscal discipline."

Keir Starmer said he would step down as Britain's prime minister. Speaking outside Number 10, he said he would step down first as Labour leader, with nominations for a contest for a new leader of the party opening on July 9 and completed by Sept. 1. Bloomberg's Ruth David reports.

Keir Starmer has stepped down as the UK's prime minister after months of pressure. Bloomberg News Editor-in-Chief John Micklethwait discusses what key issues undermined the outgoing premier's time at Number 10.

Keir Starmer said he would step down as British prime minister in an emotional speech outside Downing Street. The announcement comes two years after he led the Labour Party back to power with a landslide majority. His departure from Number 10 paves the way for Andy Burnham to attempt to take over as successor.

EasyJet has rejected three separate offers from Castlelake, prompting the investment firm to take its latest proposal that values the budget carrier at about £4.74 billion ($6.3 billion) directly to shareholders. The UK airline said it rejected the proposal as not being in the best interest of shareholders, accusing Castlelake of trying to buy the company "on the cheap." Bloomberg's Benedikt Kammel reports.

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Ethiopian Prime Minister Abiy Ahmed has secured another term in office after his Prosperity Party won a landslide victory in parliamentary elections.  Bloomberg's Chief Africa Correspondent Jennifer Zabasajja explains the result gives the Ethiopian leader a fresh mandate to pursue economic reforms, but he faces a daunting list of challenges.

Allies of Keir Starmer expect him to set out a timetable for his departure as UK prime minister imminently. A statement from Starmer ceding power could come as soon as Monday, people familiar with the matter said, although they cautioned that was not certain. The move could pave the way for Andy Burnham to replace him and it would put Britain on a course for its seventh premier in a decade. Bloomberg's Joe Mayes reports from Downing Street.

Mediators say US and Iran have made 'encouraging progress' in talks on a peace deal as technical-level discussions continue. Hasan Alhasan, Senior Fellow for Middle East Policy at the International Institute for Strategic Studies spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa on US-Gulf relations going forward.

Saudi Arabia's pullback on spending is rippling through the consultancy industry. Boston Consulting Group, instrumental in helping develop plans to overhaul the Saudi economy, is one of the firms most affected as the PIF reassesses spending on some of its mega project ambitions. Bloomberg's Omar El Chmouri reports.