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Bloomberg

Pretty Awful Day For Labour: UK Polling Analyst

Polling analyst and Conservative Party peer Robert Hayward says early indications following UK local elections show the results are "as bad as people were predicting for Labour", but London so far appears to be the one exception. Early results suggest a "great night for Reform", according to Hayward. But a full picture of the results might not come into focus until late in the UK day. In an interview on Bloomberg Daybreak Europe, Hayward said it will be a "summer of discontent" for Labour as they argue over whether or not to replace Prime Minister Keir Starmer. He added that he "wouldn't be at all surprised" if this happened over the next few months.

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Bloomberg

EU Seeks 'Reliable' US Ties, French Trade Minister Says

French Trade Minister Nicolas Forissier discusses the trade relationship between the European Union and the US as President Donald Trump threatened to raise tariffs on cars and trucks from the EU to 25%. EU officials have said all options will be on the table if Trump follows through with the threat as the two sides work to implement the agreement. "There was an agreement last July, and so now we have to implement it," Forissier tells Bloomberg Television.

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Bloomberg

IMF's Selassie: Iran War Stymies Africa Growth Prospects

IMF Africa Director Abebe Selassie says Africa's economies were strengthening before the Iran crisis, with solid growth, lower inflation, and declining debt, but are now facing slower growth and shocks such as reduced remittances and rising oil prices. He told Bloomberg TV any short-term support should be targeted and temporary to avoid undermining long-term development goals.

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