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UK Recession Fears; Musk Defends Federal Job Cuts; China Mulls Vanke Debt Plan | Bloomberg The Pulse
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February 12, 2025
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41:49Now PlayingThe UK economy may have shrunk in the fourth quarter, putting Britain back on the brink of recession and piling more pressure on Chancellor of the Exchequer Rachel Reeves and her promise to turbo-charge growth. In the US, President Donald Trump directed agencies to work with Elon Musk’s government cost-cutting effort to slash their workforces, according to a White House official. Meanwhile in China, authorities are working on a proposal to help China Vanke Co. plug a funding gap of about 50 billion yuan ($6.8 billion) this year, according to people familiar with the matter, highlighting the government’s support for the distressed property developer.
Today's guests: Andrea Orcel; UniCredit CEO; Elise Badoy, Citigroup
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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