Global markets were shaken as oil prices jumped following another sharp escalation in the US-Iran conflict. The US launched a ninth wave of strikes against Iran, while Tehran abandoned its interim peace agreement with Washington and threatened to tighten control over shipping through the Strait of Hormuz, warning that future oil shipments could require Iranian approval. President Trump said the latest military campaign aims to end any possibility of Iran obtaining nuclear weapons, as the conflict intensified with the death of a third US service member and additional warplanes deployed to the Middle East.
In technology, China’s AI race accelerated as Moonshot AI unveiled new ambitions, reportedly targeting a Hong Kong IPO within six months, while Alibaba previewed its latest flagship artificial intelligence model. The White House is also considering new AI oversight measures as investors reassess the outlook for AI stocks after a turbulent stretch. We also cover TSMC’s plans in Arizona, the latest developments across the semiconductor industry, and what they mean for the global AI race.
Elsewhere, Middle East banks prepare to report second-quarter earnings, the UAE reviews major investment projects following the Iran conflict, Ghana proposes sweeping changes to mining licenses, US and Congo travel restrictions threaten humanitarian aid efforts, and Spain defeats Argentina to win the FIFA World Cup. Guests Includes Niamh McBurney, Control Risk Director; Trinh Nguyen, Natixis Emerging Asia Senior Economist; Sam Gidoomal, Alvarez & Marsal Middle East Financial Director; and Wendell Huang, TSMC Senior Vice President & CFO.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:05:18 – US, Iran Expands Strikes Beyond Military Targets
00:08:18 – Niamh McBurney, Control Risk Director
00:15:32 – Trinh Nguyen, Natixis Emerging Asia Senior Economist
00:28:01 – Sam Gidoomal, Alvarez & Marsal Middle East Financial Director
00:33:12 – Wendell Huang, TSMC Senior Vice President & CFO
00:37:39 – Andy Burnham to Become UK Prime Minister
00:41:35 – Ghana Seeks to Slash Mining License Duration
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts