Good morning. The meeting between the US and Russian leaders is hours away. The White House is said to be discussing taking a stake in Intel. And we look at how gambling sponsors took over the Premier League. Listen to the day’s top stories.
— Victoria Batchelor
Countdown. Donald Trump and Vladimir Putin’ssummit over the war in Ukraine takes place at an Alaskan military base from 9 p.m. CET. Trump has sought to dial back hopes of a breakthrough, while also suggesting some European leaders could be included in a potential second meeting. Hundreds of US Secret Service agents and Russian diplomats are scrambling to find accommodation in Anchorage. Here’s a look at the complicated history between the two leaders.
London is bearing the brunt of the UK’s jobs slowdown, accounting for one in four of all job losses across the country. Combined with the surrounding South East region, the rate rises to nearly four in 10.
Goldman is offering clients a stake in Izzy Englander’s Millennium Management for a minimum commitment of $1 million and as much as $20 million.
In financial markets, European stock futures were in the green. Japanese shares rose after a stronger-than-expected GDP growth report while Hong Kong equities fell on weak Chinese economic data. Meanwhile, Bank of America warned the US dollar faces a toxic mix as the Federal Reserve weighs cutting rates amid rising inflation—a rare 2007-style scenario that may push the currency lower.
Check out our Markets Today live blog for all the latest news and analysis relevant to UK assets.
When the Premier League kicks off for its 34th season, more than half of all clubs—11 out of 20—will have gambling company names emblazoned across players’ chests for the second year in a row.
No other industry has been so ubiquitous since the league’s inception in 1992.
And read about how the battle for talent among Europe’s top teams is igniting a debt market using the players’ transfer fees as collateral.
With spending on players smashing $5 billion this summer, this business model is becoming so big it’s moving beyond niche financiers to start drawing the largest names in the world of private lending.
Expectations are low and stakes high going into the Trump-Putin summit, Marc Champion writes. Success is possible if Trump uses the pressure tools available. Putin also knows no future US president will be more favorable to him, giving him reason to engage now.
The used luxury watch market clocked its strongest half-year performance since early 2022, with demand rising for Rolex’s gold Daytona 116508 and Patek Philippe’s Aquanaut 5167A.
Play Pointed, the news quiz for risk-takers: The FDA warned that which product couldn’t be marketed as foam or mousse? Test your knowledge.
