Crypto Financial

Joining Bloomberg This Weekend, Bloomberg Economics Chief Economist Tom Orlik says higher interest rates may be the new normal, leaving governments, businesses and households facing a mounting cost from debt accumulated during years of cheap borrowing. Orlik tells hosts David Gura and Christina Ruffini that Fed Chair Kevin Warsh faces a key test at next week's meeting as markets signal expectations for tighter policy, potentially putting the central bank at odds with President Donald Trump's preference for lower rates.

Solar has become Europe's largest source of power during summer months, helped by government incentives, falling technology costs and a rapid buildout across rooftops and utility-scale projects. But that success is creating a new problem: on sunny days, Europe can produce more solar power than the system can absorb, pushing wholesale electricity prices to zero or below and leaving some renewable generators suffering from their own success. Industry experts say the answer is not less solar, but more storage, more flexible demand and stronger grids that can move power from where it is generated to where it is needed.

On Bloomberg This Weekend, Council on Foreign Relations senior fellow Ray Takeyh says renewed Houthi attacks represent a significant setback for the US strategy of stabilizing regional oil flows and may indicate closer coordination between the group and Iran. Takeyh also tells hosts David Gura and Christina Ruffini that economic pressure has failed to force Tehran to change course, as new construction at the deeply buried Pickaxe Mountain complex raises questions about the future of Iran's nuclear program.

President Donald Trump stirred debate during his visit to Dublin by saying he would like to see a united Ireland and that unification is eventually inevitable, departing from the caution US presidents have traditionally shown on the issue. Bloomberg News White House Reporter Jennifer Dlouhy tells hosts David Gura and Christina Ruffini that the remarks drew support from Sinn Féin and criticism from unionists, while UK Prime Minister Andy Burnham has said there is currently no mandate for a referendum.

Saudi Arabia shut its East-West Pipeline as a precaution after multiple attacks, threatening a crucial route for moving crude to the Red Sea while bypassing disruptions in the Strait of Hormuz. Bloomberg Economics' Ziad Daoud says prolonged disruption could tighten global energy supplies further, adding pressure to oil and US diesel prices.

India is seeking to forge consensus among an expanded BRICS membership despite divergent positions on the Iran war, relations with the US and the bloc's role in the global order. Joining David Gura and Christina Ruffini on Bloomberg This Weekend is Bloomberg News Senior Reporter Dan Strumpf who explains that the summit is also highlighting a tentative India-China rapprochement, with President Xi Jinping visiting New Delhi and China Southern Airlines preparing to restore its Guangzhou-New Delhi service after a six-year suspension.

India's Prime Minister Narendra Modi seeks bigger role for BRICS nations in setting global rules.

President Donald Trump is playing down prospects for renewed Iran peace talks and broader US involvement even as Houthi activity adds another source of escalation to the conflict. Bloomberg News White House Correspondent Jeff Mason joins Bloomberg This Weekend to discuss President Trump's statements made during the Presidents trip to Ireland.

Venezuela has some of the world's largest oil reserves and could eventually produce far more than it does today. But Columbia University's Luisa Palacios says reviving the industry would take years, up to $150 billion in investment and a major rebuilding of trust after decades of contract changes, expropriations and infrastructure decline.

Jon Ledecky, NHL team New York Islanders co-owner, sat down with Bloomberg's Romaine Bostick to remember the events on Sept. 11, the power of sports and more.

Bill Dudley, a Bloomberg Opinion columnist and former president of the Federal Reserve Bank of New York, says he would be shocked if the Federal Reserve did not raise interest rates by 25 basis points at their next meeting. He speaks on "Bloomberg The Close."

Bloomberg's Veena Ali-Khan said that clashes between Houthi rebels and Saudi Arabia is an 'escalation' of regional tensions as fighting disrupts key areas for oil production. Ali-Kahn said that Saudi Arabia is caught between a rock and a hard place when it comes to responding to recent attacks, as leaders weigh the impact of military retaliation against gains in leverage for the Houthis.