UPDATE: UK Growth Surprise & UBS Exits Backst...

Your morning briefing. All the news you need to start your day.On today's podcast:(1) US President Donald Trump said he is “demanding” that other countries contribute to the defense of the Strait of Hormuz as it remains effectively closed to oil tankers.(2) As the US-Israeli war ...  Show more

We’re sharing something a little different in the Daybreak Europe feed today, the the latest episode of Here’s Why hosted by Stephen Carroll.While Daybreak Europe brings you the essential news each morning, Here’s Why takes one major global story each week and explores the deeper ...  Show more

UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators, leading central banks have taken fresh measures to improve global access to dollar liquidity, and the Biden administration is under pressure to call for an expansi ...

In this episode, we focus on the Swiss firm Credit Suisse after their shares fell over 30% on Wednesday this week. 

In fact, the headline of the Daily Telegraph, a major news publication in the UK read, "Swiss bank crash stokes fears of a new global crisis as UK ...

The Federal Reserve announced its largest interest rate increase since 1994. And it's the equivalent of the US central bank taking a baseball bat to the economy, according to the FT’s US financial commentator Robert Armstrong.  

In this wee ...

This week, one central bank after another made it clear that interest rates need to stay higher for longer. As a result, government bond yields rose sharply, the US dollar strengthened and equities sold off. Only the Bank of Japan remains on a different wavelength, keeping its ...