Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Andy Burnham named former Defense Secretary John Healey to be his Chancellor of the Exchequer in a surprise move by the UK’s new prime minister that fueled speculation about a bigger increase in military spending.

(2) US President Donald Trump said he had a “very good conversation” with new UK Prime Minister Andy Burnham and that they would be meeting in the “not too distant future,” signaling potentially better ties after tensions with Burnham’s predecessor.

(3) The Trump administration vowed to impose a fresh 50% tariff on some Canadian goods over what it said was unfair treatment of American alcohol, cars and dairy, further inflaming trade tensions between the two neighbors.

(4) US forces struck Iranian targets after President Donald Trump vowed Tehran “will pay” for killing three US soldiers, even as mediators proposed a new truce with the Middle East war widening further.

(5) Europe’s status as the planet’s fastest-warming continent is becoming a serious drag on its economic prospects.

(6) A Bloomberg Businessweek investigation has found that trades with characteristics often associated with insider activity have became more prevalent on Polymarket over the course of this year.

(7) One shipowner is attempting to coax crews to sail through the Strait of Hormuz by offering them an extra six months pay if they’re willing to cross the vital oil channel, offering seafarers a stark choice between large financial rewards and the risk of death.

Your morning briefing. All the news you need to start your day. On today's podcast: (1) Andy Burnham named former Defense Secretary John Healey to be his Chancellor of the Exchequer in a surprise move by the UK&rsquo;s new prime minister that fueled speculation about a bigger increase in military spending. (2) US President Donald Trump said he had a &ldquo;very good conversation&rdquo; with new UK Prime Minister Andy Burnham and that they would be meeting in the &ldquo;not too distant future,&rdquo; signaling potentially better ties after tensions with Burnham&rsquo;s predecessor. (3) The Trump administration vowed to impose a fresh 50% tariff on some Canadian goods over what it said was unfair treatment of American alcohol, cars and dairy, further inflaming trade tensions between the two neighbors. (4) US forces struck Iranian targets after President Donald Trump vowed Tehran &ldquo;will pay&rdquo; for killing three US soldiers, even as mediators proposed a new truce with the Middle East war widening further. (5) Europe&rsquo;s status as the planet&rsquo;s fastest-warming continent is becoming a serious drag on its economic prospects. (6) A Bloomberg Businessweek investigation has found that trades with characteristics often associated with insider activity have became more prevalent on Polymarket over the course of this year. (7) One shipowner is attempting to coax crews to sail through the Strait of Hormuz by offering them an extra six months pay if they&rsquo;re willing to cross the vital oil channel, offering seafarers a stark choice between large financial rewards and the risk of death.

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.

Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.

Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg’s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.

Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe is the essential way to start your morning informed and ahead.

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.
Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.
Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg&rsquo;s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.
Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe&nbsp;is the essential way to start your morning informed and ahead.

Bloomberg Daybreak: Europe Edition

The Surprise Chancellor, Canada Faces 50% Tariff, Hormuz Sailor Bonuses

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