Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Vice President JD Vance downplayed the scope of the conflict in Iran, saying he would not describe it as “a war” given that major combat operations ended several weeks ago — even though military strikes recently intensified in the region. Global stocks extended their advance as easing bets on a Federal Reserve interest-rate hike this month lifted sentiment. And Volkswagen’s supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker. (Source: Bloomberg)
In the first White House press briefing since Karoline Leavitt left as press secretary, the vice president suggested that when the conflict would end was up to Tehran.
Vice President JD Vance declined to call the conflict with Iran, which has lasted more than six months, a war during his second solo appearance in the White House press briefing room. “I wouldn’t call it a war,” Vance told reporters on Thursday. “Right now, there is no active shooting.” Vance did acknowledge there had […]
Vice President JD Vance downplayed the scope of the conflict in Iran, saying he would not describe it as “a war” given that major combat operations ended several weeks ago — even though military strikes recently intensified in the region. Bloomberg's Abeer Abu Omar has the latest. (Source: Bloomberg)