Putin Possible No-Show, US ‘Truss Moment’ Call, Burberry’s Struggle

Bloomberg Daybreak: Europe Edition

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:

(1) Russian President Vladimir Putin named a group of low-level officials to represent his government at talks with Ukraine in Turkey, and gave no indication that he planned to join the negotiations.

(2) Foreign ministers in NATO are gathering to discuss the future of European security. The diplomats meet in Turkey this morning to establish the agenda for the alliance's annual summit in June, where the US has made a higher defense spending target a priority.

(3) Burberry’s new boss is calling time on the British fashion label’s decade-long attempt to join the upper ranks of global luxury.

(4) The White House said President Donald Trump had secured deals totaling more than $243.5 billion with Qatar, laying the groundwork for a bigger $1.2 trillion economic pledge with the tiny Gulf country.

(5) The UK is drawing up plans for a special visa for foreigners who invest significant sums in Britain, as Prime Minister Keir Starmer’s government seeks to blunt the economic blow from recent tax hikes and wider curbs on work permits.

(6) Stephen Jen, a long-time market veteran who runs Eurizon SLJ Capital, has become so discouraged by the fiscal largesse he’s seen from the new administration that he’s started to wonder if the US needs a bond-market blowup akin to the one that did in UK Prime Minister Liz Truss’s government to force it to change course.
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