Arbroath's Smart on Trade, Tariffs & Russia-Ukraine War
Christopher Smart, Managing Partner and Founder at Arbroath Group speaks with Bloomberg TV's Joumanna Bercetche on the Horizons Middle East and Africa show about US President Trump's tariffs on steel and aluminum, the impact the levies are having on financial markets and the Ukraine-US accord. The agreement, which includes a 30-day halt in the conflict between Russia and Ukraine, hinges on Vladimir Putin's consent. (Source: Bloomberg)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Middle East Tensions Escalate, Oil Prices Jump
Centerview Partners Senior Counselor Richard Haass says that while geopolitical tensions cause fluctuations in prices, there would have to be ongoing conflict to see a sustained upward move in oil prices. (Source: Bloomberg)
Yahoo
an hour ago
- Yahoo
Battery manufacturer Powin files for bankruptcy months after landing $200M loan
Battery manufacturer Powin filed for bankruptcy on Wednesday. The Oregon-based company said it has more than $300 million in debt. The Chapter 11 filing will let the company continue operating while it restructures its debt. Powin manufactured grid-scale batteries using lithium-iron-phosphate (LFP) cells from China. The company had been searching for alternative domestic suppliers, but the supply chain wasn't sufficiently mature, Jeff Waters, the company's former CEO, told Bloomberg in April. The company laid off nearly 250 employees earlier this month, and just 85 remain, less than a fifth of what it started the year with. Alongside the bankruptcy filing, Waters was replaced by Brian Krane, Powin's chief projects officer. Powin was a survivor of the first clean tech boom over a decade ago. The company was taken private in 2018, and it received $135 million in growth equity in 2022 from investors, including Energy Impact Partners, GIC, and Trilantic Energy Partners. More recently, it secured a $200 million revolving credit facility from KKR. In recent years, Powin has grown alongside the boom in grid-scale battery storage, ranked third in the U.S. in terms of installed capacity and fourth worldwide. The company did not say what spurred the sudden rise in debt, though given its reliance on Chinese LFP cells, tariffs may have played a roll.
The Verge
2 hours ago
- The Verge
Posted Jun 13, 2025 at 4:16 PM EDT
Google explains Thursday's massive Cloud outage. Yesterday, a global outage on the Google Cloud platform knocked out Google Home, Spotify, Snapchat, and even some Cloudflare features, and today the company released a mini incident report as it continues to investigate. For Cloudflare's part, its report says the Google failure took out a central data store for one of its services. Google: From our initial analysis, the issue occurred due to an invalid automated quota update to our API management system which was distributed globally, causing external API requests to be rejected. To recover we bypassed the offending quota check, which allowed recovery in most regions within 2 hours. However, the quota policy database in us-central1 became overloaded, resulting in much longer recovery in that region.
