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

On today's podcast:

(1) President Donald Trump said he called off a strike on Iran planned for Tuesday after an appeal by the leaders of Persian Gulf allies, who called for more time to pursue a diplomatic resolution.

(2) Standard Chartered Chief Executive Officer Bill Winters delivered a blunt message on the future of the bank’s workforce, warning that a push into artificial intelligence will eliminate thousands of roles as the lender replaces “lower-value human capital” with technology.


(3) A jury rejected Elon Musk’s claims that OpenAI under Sam Altman’s leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company.

(4) Greenland’s leader said he had a “constructive” meeting with Donald Trump’s envoy to the Arctic island, but warned there were no signs the US president has changed his ambition to acquire the territory.

(5) Andy Burnham, the current favorite to replace Keir Starmer as UK prime minister, has ruled out changing the government’s self-imposed limits on borrowing if he were to gain power.

(6) An unprecedented influx of wealth has pushed up rents and living costs in Milan, a city once seen as a second-tier financial center. Tax incentives have drawn returning professionals and wealthy expats from countries such as the UK that have phased out similar advantages. 

Podcast Conversation: Your Favorite Thing to Do on Vacation Is Making Travel Worse

Your morning briefing. All the news you need to start your day. On today's podcast: (1) President Donald Trump said he called off a strike on Iran planned for Tuesday after an appeal by the leaders of Persian Gulf allies, who called for more time to pursue a diplomatic resolution. (2) Standard Chartered Chief Executive Officer Bill Winters delivered a blunt message on the future of the bank&rsquo;s workforce, warning that a push into artificial intelligence will eliminate thousands of roles as the lender replaces &ldquo;lower-value human capital&rdquo; with technology.
 (3) A jury rejected Elon Musk&rsquo;s claims that OpenAI under Sam Altman&rsquo;s leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. (4) Greenland&rsquo;s leader said he had a &ldquo;constructive&rdquo; meeting with Donald Trump&rsquo;s envoy to the Arctic island, but warned there were no signs the US president has changed his ambition to acquire the territory. (5) Andy Burnham, the current favorite to replace Keir Starmer as UK prime minister, has ruled out changing the government&rsquo;s self-imposed limits on borrowing if he were to gain power. (6) An unprecedented influx of wealth has pushed up rents and living costs in Milan, a city once seen as a second-tier financial center. Tax incentives have drawn returning professionals and wealthy expats from countries such as the UK that have phased out similar advantages. Podcast Conversation: <a href="http://bloomberg.com/news/articles/2026-05-18/traveling-for-the-world-s-most-iconic-selfies-is-more-problematic-than-you-think">Your Favorite Thing to Do on Vacation Is Making Travel Worse</a>

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

US Delays New Iran Attack, AI Banking Job Cuts, Milan’s Wealth Boom

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/95fe2894-f249-478a-ace4-b44f005ab414/transcript