An Aramco tower in Riyadh is targeted in a rare strike on the Saudi capital, keeping regional security risks in focus. In Israel, Gadi Eisenkot is formally handed the mandate to form a government and now faces a difficult coalition process, with failure potentially returning the task to Benjamin Netanyahu.
Asian stocks rebound with technology shares, while Taiwan, Japan, Samsung and SK hynix recover from the recent selloff. Nvidia remains under scrutiny as its board investigates a spying-related case; Jensen Huang says he will cooperate and remain CEO while the review continues. Charles-Henry Monchau of Banque SYZ says the AI trade is being repriced rather than ending.
Oil steadies after a sharp weekly decline. Marco Rubio says there has been no breakthrough with Iran even as Trump plays down the prospect of immediate strikes. Iraq also says it has reached an understanding with the US on an oil-export route through Hormuz.
Elsewhere, hacked records reportedly point to heavy Russian losses in Ukraine, while Poland faces the fallout from one of its deadliest shootings in years.
Emaar moves to buy out the rest of its listed property arm at a valuation of about $16.3 billion. UBS CEO Sergio Ermotti discusses how family offices are shifting allocations and how AI could improve financial services while reducing costs.
OpenAI closes $11 billion of a new funding round at a reported $1.25 trillion valuation, while Anthropic agrees to a $3.4 billion power deal for AI data centers. Berkshire Hathaway increases buybacks despite weaker operating income.
BYD says it plans to deepen its push into the GCC and Africa, with fast-charging technology and strong regional sales supporting expansion.
In Africa, South African cities head toward coalition rule, Senegal faces higher borrowing costs, and Turkish regulators are detained in a fund investigation. Guests includes Charles-Henry Monchau, Banque SYZ CIO and Mohammed Ali Yasin, Ghaf Benefits CEO.
Chapters:
00:00:00 – Introduction
00:05:22 – Nvidia Board Probes Spying Case as CEO Admits Affair
00:09:00 – Charles-Henry Monchau, Banque SYZ CIO
00:15:01 – Rubio Sees No Iran Breakthrough as Trump Downplays Strikes
00:18:14 – Eisenkot Faces Tough Odds in Coalition Quest
00:27:36 – Mohammed Ali Yasin, Ghaf Benefits CEO
00:36:00 – Sergio Ermotti, UBS Group CEO
00:41:10 – Stella Li, BYD Executive Vice President & Americas President
——–
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