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20.05.2025 12:12
Trump Hands Putin Win With Retreat From Ukraine Talks Eleven days ago, European leaders took heart when PresidentDonald Trumpcalled for a 30-day ceasefire in Ukraine and threatened new sanctions on Russia. A telephone call withVladimir Putinon Monday revealed those hopes were misplaced. After two hours talking with Putin, Trump said onsocial mediathat Ukraine and Russia would "immediately start negotiations" toward a ceasefire — but possibly without the US. There was no sanctions threat, no demand for a time-line, and no pressure on the Russian leader. Trump followed the Putin call by reaching out to European leaders, but already several governments were airing their disappointment. After months of failing to move Putin closer to peace, they fear Trump is pulling back from his efforts to end the war, leaving Ukraine and its allies on their own. Our EMEA News Director Rosalind Mathieson joined Stephen Carroll and Caroline Hepker on Bloomberg radio to discuss. (Source: Bloomberg)

20.05.2025 12:31
Turkeys Zorlu to Tackle $4.9 Billion Debt With Job Cuts, Sales Zorlu Holding, one of Turkeys largest conglomerates, is readying asset sales and job cuts as part of a sweeping overhaul to ease investor concerns about its $4.9 billion debt burden. The company has already extended a portion of its loan maturities.

20.05.2025 12:34
Chinese Smartphone Exports to US Plunge to Lowest Since 2011 Chinese shipments of Apple Inc.s iPhone and other mobile devices to the US dived to their lowest levels since 2011 in April, underscoring how the threat of US tariffs choked off the flow of big-ticket goods between the worlds two largest economies.