Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The world’s banks are on track to report the lowest revenue from foreign-exchange and rates trading since the pandemic, hit by tighter margins and a challenging macroeconomic backdrop.

(2) Marine Le Pen’s National Rally set out further demands for changes to the French government’s 2025 budget bill after Prime Minister Michel Barnier dropped plans to raise taxes on electricity in a key concession.

(3) President Vladimir Putin warned that his forces could strike “decision-making centers” in the Ukrainian capital of Kyiv with new ballistic missiles as retaliation for attacks on Russia using Western missiles.

(4) Ireland holds a general election on Friday, with Prime Minister Simon Harris hoping to capitalize on a strong economy to secure another five years in power.

(5) Murray Roos was until late last year central to an effort to revolutionise the world’s capital markets via the London Stock Exchange’s nascent digital assets platform. Now, the 48-year-old former trader is using technology to take on even more entrenched market — the UK’s centuries old livestock auctions.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) French Finance Minister Antoine Armand said he is prepared to make concessions on the 2025 budget bill to avoid opposition parties toppling the government in the coming weeks. The prospect has pushed investors to sell French assets, driving up the country's borrowing costs compared with European peers. The rate on 10-year French notes matched Greece's for the first time on record on Thursday.

(2) UK Chancellor Rachel Reeves' £26 billion tax hike on businesses may cost as many as 130,000 jobs if bosses choose to pass on the burden by reducing employment, according to analysis by Bloomberg Economics.

(3) The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing's tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.

(4) Donald Trump had dinner with Meta CEO Mark Zuckerberg at the president-elect's Mar-a-Lago estate in Florida on Wednesday.

(5) Black graduates face racial discrimination when applying for jobs in financial, professional and legal sectors in the UK, new research shows, even as companies say they are committed to tackling under-representation of minorities at work.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) France’s banking stocks slid as a potential government collapse and deepening political crisis unsettled investors.

(2) The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.

(3) The Federal Reserve’s preferred measure of underlying inflation accelerated in October from a year ago, helping explain policymakers’ more cautious approach to lowering interest rates.

(4) Black graduates face racial discrimination when applying for jobs in financial, professional and legal sectors in the UK, new research shows, even as companies say they are committed to tackling underrepresentation of minorities at work.

(5) Finland and Sweden have launched initiatives to prepare citizens for potential crises, including war, natural disasters, and cyberattacks.

See omnystudio.com/listener for privacy information.