
Bloomberg Daybreak: Europe 07/10/2025
TV Shows
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. Today's guests: Jane Foley, Rabobank, FX Strategy Head; Amrita Sen, Energy Aspects, Founder & Research Director. (Source: Bloomberg)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Motor finance customers could receive payout as FCA will consult on scheme
Motor finance customers could receive a payout after the Financial Conduct Authority (FCA) announced it will consult on an industry-wide compensation scheme. Many motor finance firms were not complying with rules or the law by not providing customers with relevant information about commission paid by lenders to the car dealers who sold the loans, the FCA said. It comes after Friday's ruling by the Supreme Court on cases in which the FCA had intervened. While some motor finance customers will not get compensation because in many cases commission payments were legal, the court ruled that in certain circumstances the failure to properly disclose commission arrangements could be unfair and therefore unlawful, the FCA added. The UK's highest court ruled that car dealers did not have a relationship with their customers that would require them to act 'altruistically' in the customers' interest. Nikhil Rathi, chief executive of the FCA, said: 'It is clear that some firms have broken the law and our rules. It's fair for their customers to be compensated. 'We also want to ensure that the market, relied on by millions each year, can continue to work well and consumers can get a fair deal. 'Our aim is a compensation scheme that's fair and easy to participate in, so there's no need to use a claims management company or law firm. If you do, it will cost you a significant chunk of any money you get. 'It will take time to establish a scheme but we hope to start getting people any money they are owed next year.' The FCA currently estimates that most individuals will probably receive less than £950 in compensation. The final total cost of any compensation scheme is currently estimated to be between £9 billion and £18 billion, the FCA added. The consultation will launch by early October. If the compensation scheme goes ahead, the first payments should be made in 2026.
Yahoo
24 minutes ago
- Yahoo
UK's FCA proposes redress scheme for motor finance claims
LONDON (Reuters) -Britain's Financial Conduct Authority (FCA) said on Sunday it was proposing a redress scheme for consumers with motor finance claims following a Supreme Court ruling last week. "At this stage, we think it is unlikely that the cost of any scheme, including administrative costs would be materially lower than 9 billion pounds and it could be materially higher," the FCA said in a statement. The United Kingdom's top court on Friday ruled car dealers who sold vehicles and arranged the finance did not owe fiduciary duties to customers, and lenders were therefore not liable for the commission. The decision pushed up U.S.-listed shares of UK banks because it eased investors fears of a redress scheme that some analysts had warned could run into the tens of billions of pounds. But on Sunday the FCA said that after considering the judgement, it was still proposing a scheme and would consult on what it should look like. "Our consultation will cover how firms should assess whether the relationship between the lender and borrower was unfair for the purposes," the statement said. "Any redress scheme must be fair to consumers who have lost out and ensure the integrity of the motor finance market, so it works well for future consumers." Sign in to access your portfolio
Yahoo
24 minutes ago
- Yahoo
Lamborghini Temerario test drive: $380K hybrid supercar delivers mind-boggling performance
Lamborghini's (VWAGY) latest creation, the Temerario supercar, has some big shoes to fill. Let me rephrase that — the 900hp, all-wheel drive, plug-in hybrid Temerario with a 10,000 RPM turbo V8 has some big shoes to fill. Che cosa? That's because it's replacing the much-loved Huracán: the outgoing serpent-like, alien-looking creation equipped with a sublime, yet ferocious when needed, naturally aspirated V-10 engine. The Huracán was amazing. But times are changing. Around a year ago at Monterey Car Week, Lamborghini unveiled the Temerario, which loosely translates to 'reckless' in Italian. The long-in-the-tooth Huracán — which, believe it or not, is over 10 years old and shared some underpinnings with sister brand Audi's R8 — needed a refresh. Lamborghini also sold 30,000 units of the $250K+ Huracán, its best-selling car ever. In other words, it couldn't mess this up. And with changing rules like emissions and electrified propulsion needed in certain European locales, hybrid power was needed. Lamborghini knew it had to convince buyers this wasn't a 'green' thing — it's about performance. It did this convincingly with the Revuelto, its range-topping supercar that combines a V12 with a hybrid system, using electric motors more for performance than range. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service Lamborghini's CEO Stephan Winkelmann notes the car is completely new from top to bottom, including, of course, the new powertrain. It has to be exciting, he says, but also livable. Lamborghini seems to have threaded that needle, at least for now: The car is sold out through its first year of production, he said, which is a nice start for the brand. The drive I took the Temerario on the track for a few sessions to put the car through its performance envelope. Styling-wise, it's a sleek, attractive car that fits the mold of what regular people envision when they think of a supercar. It's wide, low-slung, and angular. Not as extreme as the Huracán, but sexy in its own right. The rear is more interesting, with its fully exposed V-8 engine out back and fenders with wide cut-outs exposing the car's bulging rear tires, a nod to motorcycle design. One area the Temerario vastly improves on the Huracán is the interior. Better materials all around, better infotainment and instrument cluster digital screens with nice animations —and more space owing to slightly larger dimensions. Fewer buttons is not a welcome change, though it seems most of these functions are now controls on the steering wheel. On the track is where it all comes together. With its hybrid system, the Temerario features two motors powering each front wheel individually, giving the car true torque vectoring. That means the wheels can spin and apply force independently on their own. This also means that, while the rear wheels are powered by the monster V8, the front wheels can provide force at different times, like during an aggressive turn, keeping the car's line true and giving extra assistance around corners. Traction is of course improved as well. So handling-wise, the car feels a lot smaller than it really is, which makes even the most aggressive track easier to deal with. But true heart of the beast is its twin turbo, flat-plane-crank V8 motor. Combined with the two motors up front and one sandwiched in between the 8-speed transmission, the Temerario has a mind-boggling 900hp on tap. The engine alone is a marvel, able to spin up to 10,000 RPM. It is designed to keep pulling to that red line. Usually, most motors will start petering out at those heady levels. This allowed the Temerario to hit ungodly, panic-inducing speeds on the straightaways of nearly 200mph, which then meant going hard on the brakes, and then into the next curve without losing it. Those front motors really helped get the car back on the proper race line if you braked too deeply into the first turn, for example. The car allowed me to string faster lap after faster lap in succession, giving me confidence to push harder into every turn, and brake later. Yes, it is overall a better car than the Huracán when it comes to aggressive track driving. And I'm sure it's a perfectly livable car too — meaning, in theory, you could take it around town to run some errands — though I didn't get the chance to drive on local roads. But I have a few complaints, believe it or not. The loss of the Huracán's V10 really hurts from an emotional point of view — the sound of the 10-cylinder revving higher is intoxicating. Yes, the Temerario at 10,000 RPM screaming down the straightaway does give you that emotional kick, but most owners will not be pushing the car anywhere near that mind-boggling limit. Most owners will be driving around town or on some nice backcountry roads. And though I said it was subjective, the styling for me is a bit too toned down too, at least compared to the outgoing Huracán. For a car that starts at $382,654 in the US, we would like more of a wow factor. Lamborghini isn't done with the Temerario Lamborghini won't sit idly when it comes to special or updated versions of the Temerario. Performance models with aggressive styling and enhancements to the powertrain may mean more exciting versions could be coming. This is all part of the game plan. And some buyers actually prefer the base models of Lamborghini's creations because they are the purest form of these vehicles. But, finally, I have to ask: Could we see a Temerario special edition combining a non-turbo screaming V8 with those trick electric motors up front, or one with an aggressive, race car-like aero package? Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram. Sign in to access your portfolio