EU policy could ice out closest trading partners
Summary
Saudi Arabia’s PIF is replacing CEOs at flagship projects like New Murabba amid cost overruns and pressure to deliver returns on Vision 2030. Meanwhile, zero-interest convertible bonds are surging as AI-linked firms raise billions, and EU protectionist trade policies are inadvertently hurting neighboring non-EU nations like Norway and Switzerland. Finally, UK Prime Minister Keir Starmer addresses business concerns over potential tax hikes in the upcoming autumn budget.
Topics discussed
Intro and sponsor: Hard Lessons podcast
Saudi PIF leadership shakeup and Vision 2030
Record issuance of zero-interest convertible bonds
EU protectionism impacts non-EU neighbors
UK PM Burnham on business costs and budget
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