Apple, Samsung’s AI Bet; Biden Pressure; Tech Rally | Horizons Middle East & Africa July 11, 2024

Tech drives US stocks to fresh all time highs ahead of a US inflation report, meanwhile President Biden’s advisers to meet with Senate Democrats, as more party voices question his decision to stay in the White House race. Also on the show: Apple and Samsung bet on AI to fuel demand for their new line-ups, with the iPhone maker expecting a 10% bump in sales later this year. Guests include Charu Chanana, Saxo FX Strategy Head; and Vandana Hari, VANDA Insights Founder.
00:00 Introduction
03:22 US politics: chorus of Dem voices against Biden grows
06:40 NATO allies reportedly meeting with Trump’s advisors
12:19 Charu Chanana, Saxo FX Strategy Head
18:21 Apple & Samsung bet on AI to lift demand
27:45 Vandana Hari, VANDA Insights Founder
34;40 Archegos’ Bill Hwang found guilty
37:38 Traders see less than 50% chance of UK rate cut in August
41:56 Nigeria’s 180-day plan to tackle food inflation

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.
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