Bloomberg Daybreak: Europe 06/06/2025
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. (Source: Bloomberg)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
When does transfer window close? Liverpool's deadline for signing Florian Wirtz
Liverpool is looking to get its business done early on in the transfer window, with Jeremie Frimpong already through the door and prodigious Hungarian goalkeeper Armin Pecsi joining him on Saturday. Pecsi, 20, has been signed for a fee that could rise to $2 million and is expected to play for Liverpool's Under-21 team next term, while also benefiting from training alongside Alisson and Giorgi Mamardashvili. Advertisement The signing that the majority of Liverpool fans are most excited about, though, is that of Florian Wirtz, who is expected to secure a move to Anfield from Bayer Leverkusen. It emerged last month that Wirtz had decided he wanted to join Liverpool over Bayern Munich, and the Reds have been working to try to get a deal over the line in recent weeks. READ MORE: Liverpool transfer news LIVE: Florian Wirtz medical, next signing imminent, Milos Kerkez latest READ MORE: Liverpool sent Jack Grealish message as big summer continues to take shape When does the transfer window close? Liverpool is hopeful of tying up a deal for Wirtz before the first transfer window of the summer closes on Tuesday, June 10, but even if the deal is not done by then, the second window of the summer opens less than a week later and runs until the beginning of September, so the Reds will not panic if Wirtz's signature hasn't been secured by June 10. Advertisement The new transfer window that opened on June 1 was introduced so that clubs participating in this summer's revamped Club World Cup could make signings ahead of the tournament getting underway in mid-June. Liverpool made an improved bid to sign Wirtz from Bayer Leverkusen late this week, hoping to end the transfer saga that started in mid-May. In the late evening on Friday night UK-time, it was reported that the Reds had upped their bid to a figure of $153 million (£113 million) — around $135 million (£100 million) base and up to around $18 million (£13 million) in add-ons. Liverpool is working on a deal for Wirtz -Credit:Getty Images understands that this is the case as negotiations continue with Leverkusen, with the player convinced on the move. Advertisement Transfer guru Fabrizio Romano recently claimed that Liverpool is "advancing" to complete the Wirtz deal in the coming days, with negotiations in the "final stages." It's claimed the player will then travel to Merseyside to complete his medical. This bid is thought to be below Bayer Leverkusen's valuation of the player, thought to be around $170 million (£126 million).
Yahoo
35 minutes ago
- Yahoo
Councils fly flags to support Ukraine – but block defence spending
Councils are flying flags for Ukraine from their town halls while blocking investment in the British defence industry. At least a dozen English councils have passed motions to 'divest' from defence companies because of the war in Gaza, or have taken steps to reduce their holdings in arms companies. A report by two Labour MPs has found that defence companies have missed out on at least £30 million in investment because of action taken by local councils to focus their pension funds on 'ethical' firms. Despite this, several of the councils have displayed the Ukrainian flag from their town halls in solidarity against Russia. The MPs, Luke Charters and Alex Baker, said there was 'untapped potential' in local government pensions that could be used to boost investment in the defence sector, which often struggles to access finance. They argued that supporting British defence companies would help Ukraine, which has received more than £18 billion in military and humanitarian support from the UK. The MPs said there was a 'concerning trend among UK councils to divest from defence, with at least a dozen authorities implementing partial or full exclusion policies since 2022'. The MPs did not name the councils, but The Telegraph has found evidence of town halls in London, Bristol, Somerset, Oxford and Dudley where motions have been passed banning defence investment in support of Palestine. Dudley council, which is under no single party's overall control, passed a motion to divest from defence companies with the support of Labour and Liberal Democrat councillors. The council has flown the Ukrainian flag several times since the Russian invasion in February 2022, and lit up its town hall in blue and yellow. Labour-run Manchester city council, which voted to pressure its pension provider to abandon weapons manufacturers in November last year, has celebrated Ukrainian independence day and spent £50,000 to support Ukrainian refugees arriving in the city. The motion noted that councillors 'recognise the inextricable link between war, climate destruction, and human suffering' and that 'armed conflicts not only result in loss of life, including civilians and children, but also lead to intense environmental destruction'. Labour-run Waltham Forest Council, which announced plans to sell all defence investments in August last year, has hosted events for Ukrainian residents affected by the 'crisis' in their home country. Mr Charters told The Telegraph: 'With war on our continent, this is not the moment for councils to pull back from investing in UK defence. 'Firms and financiers have been clear when we have engaged with them: barriers like weak demand signals, short-term contracts, divestment, and regulatory uncertainty are holding the sector back. 'Our report calls for urgent engagement with local government pension schemes – and sets out 12 reforms to help unlock the capital and credit our defence sector needs to grow. 'Financing sovereign defence isn't optional – it's vital to our security and economic future.' The report's findings also include an apparent admission from the parliamentary pension scheme for MPs that their savings are often deliberately not invested in defence. A letter to the MPs from the chair of the fund said that while there was no specific ban on defence investments, 'environmental, social, governance and climate change issues tend to be more pronounced in some defence companies'. Mr Charters and Ms Baker said: 'There needs to be a holistic review by officials to understand how public investment vehicles are performing when it comes to defence sector investment. 'The UK cannot afford to miss this moment due to outdated ethical aversions. 'Defence investments represent not only a financial opportunity, but also an ethical obligation to secure the nation's future amidst an increasingly volatile geopolitical landscape.' Dudley council, Manchester city council and Waltham Forest council have all been approached for comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Yahoo
35 minutes ago
- Yahoo
France to produce drones in Ukraine, minister says
French automotive and defense companies will produce drones on Ukrainian soil, French Defense Minister Sebastien Lecornu announced on June 6, Le Monde reported. "We are going to embark on a completely unprecedented partnership where a large French car company – I won't name it because it's up to them to announce it – will join forces with a French defense SME (small to medium-sized enterprise) to equip production lines in Ukraine to be able to produce drones," Lecornu said, as quoted by the newspaper. Lecornu did not specify the types of drones to be produced. He said that, apart from Ukraine, the drones will be also provided "to our own armies… to have ongoing tactical and operational training that reflects the reality." Lecornu also said there is "no need" to send French citizens to work on the production line, since it will be set up in Ukraine, where Ukrainians "are better than us at designing drones and especially at developing the strategies that accompany them." Since the start of the full-scale invasion, Ukraine has been developing and deploying technological innovations and cutting-edge unmanned systems. Both Ukraine and Russia have increasingly relied on drone warfare, using aerial, naval, and ground-based drones for reconnaissance and combat missions. In late March, presidential advisor Alexander Kamyshin said in an interview with Radio Khartia that Ukrainian manufacturers had the capacity to produce over 5 million FPV drones per year. Read also: Ukraine war latest: Russia hits Ukraine with large-scale attack days after Operation Spiderweb; Ukraine targets Russian air bases in 'preemptive strike' We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
