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Trump Moves To Oust Fed's Cook; Trump Digital Tax Threats | Horizons Middle East & Africa 8/26/2025
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August 26, 2025
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46:09Now PlayingPresident Trump moves to oust Fed Governor Lisa Cook over mortgage fraud allegations. But Cook is fighting back, disputing the president's authority and refusing to resign. Trump threatens fresh tariffs and export restrictions on advanced technology and semiconductors, hitting back at digital services taxes he says discriminate against US tech giants. And Israel lauds Lebanon's move to disarm Hezbollah, offering to draw down its remaining troops on Lebanese soil if the government follows through. Plus, is the credit market complacent in the face of emerging risks from Fed uncertainty and tariffs? We discuss the record tightness in credit spreads with Mahesh Bhimalingam, Global Head of Credit Strategy at Bloomberg Intelligence.
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
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