Big Take: Bloomberg's Keir Starmer Interview

Ahead of next week's G-7 Summit in Calgary, Canada, Bloomberg Weekend Editor-at-Large Mishal Husain sat down for an exclusive interview with British Prime Minister Kier Starmer. The wide-ranging conversation touched on Israel's ongoing strikes on Iran's Nuclear facilities, the US-UK trade agreement, defense spending and more.

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Yahoo

29 minutes ago

• Yahoo

‘Sluggish' UK business activity picks up as tariff threat eases

Activity across the UK's private sector has grown this month as some easing of US tariff policy helped lift business sentiment, new survey data shows. The strengthening service industry helped offset a persistent slump in manufacturing in June. The S&P Global flash UK composite purchasing managers' index (PMI) reported a reading of 50.7 in June, up from 50.3 in May. The flash figures are based on preliminary data. Any score above 50.0 indicates that activity is growing while any score below means it is contracting. The volume of new business returned to growth in June, ending a six-month period of contraction, the survey found. This was primarily driven by the service sector – the largest part of the UK's economy, spanning industries including hospitality, entertainment and culture, finance and real estate. A further slight expansion of activity in the sector was contrasted by another drop in production for manufacturers, led by a decline in overseas export orders. Concerns over the impact of Donald Trump's tariffs on US imports were partly behind the slump, despite some businesses saying confidence had improved as a result of the President striking new trade deals with countries including the UK. Chris Williamson, chief business economist at S&P Global Market Intelligence, said the UK economy was in a 'sluggish state' in recent weeks. 'Although business conditions have continued to improve since April's downturn, quelling recession fears, growth of business activity remains disappointingly lacklustre, indicative of second quarter GDP (gross domestic product) rising at only a 0.1% quarterly pace,' he said. 'Business confidence also remains in the doldrums compared to this time last year, losing ground again in June. 'On top of concerns over the impact of recent government policies and worries over global trade protectionism, June's data collection coincided with increased tensions in the Middle East. 'Employment has hence continued to be cut as firms grapple with the combination of higher staffing costs, linked to last autumn's budget, lower demand and subdued confidence.' The survey showed that hiring continued to be squeezed throughout the month, with employment across the private sector decreasing for the ninth month in a row and at a faster pace than May. Businesses surveyed said they had been making cutbacks to their workforce through hiring freezes and redundancies. But Elliott Jordan-Doak, senior UK economist for Pantheon Macroeconomics, pointed out that 'businesses were more optimistic about the future in June than in May, suggesting the economic outlook is improving'. 'Domestic activity is proving more resilient than external demand, consistent with Mr Trump's tariff threats weighing on cross-border trade,' he added. 'All told, the PMI suggests that business confidence is staging a fragile recovery after being battered by tariff threats and tax increases. 'That said, rising geopolitical stress is likely to be added to the growing list of worries facing businesses.' Sign in to access your portfolio

Hamilton Spectator

33 minutes ago

• Hamilton Spectator

Triple Hair Group Signs Licensing Agreement for the Brazilian Market with Aché

MONTRÉAL, June 23, 2025 (GLOBE NEWSWIRE) — Triple Hair Group Inc. ('Triple Hair' or the 'Company'), a company specializing in the development of innovative treatments for androgenic alopecia, is pleased to announce that it has signed a licensing agreement with Aché Laboratórios Farmacêuticos S.A. ('Aché'), granting Aché exclusive rights to sell Triple Hair's Therapy-07 prescription drug in Brazil. The agreement consists firstly of upfront and milestone payments. Additional revenues will be generated through royalties from potential future sales of Therapy‑07 in the Brazilian market. 'This partnership marks a major milestone for Triple Hair,' said Jean-Philippe Gravel, President and CEO of Triple Hair. 'Aché is one of Brazil's leading pharmaceutical companies, with a strong track record in the commercialization of dermatology products for hair loss. With a top-selling minoxidil-based product already on the market, a robust sales force, and an extensive network of physicians, Aché is ideally positioned to promote and grow our brand in Brazil.' According to a report published by Statista, the Brazilian hair care market is the fourth largest in the world, with projected revenue of US$6 billion for 2025. About Aché Aché is a Brazilian pharmaceutical company founded nearly 60 years ago with a mission to improve people's lives. A leader in the prescription market in Brazil, Aché's portfolio also includes solutions in generic medicines and over-the-counter (OTC) products. This success is driven by a commitment to excellence and a focus on investments in in-house research and development (R&D), partnerships for open innovation, and in-licensed products. Aché is recognized as a top-of-mind company and a brand of choice among Brazilian healthcare professionals, with over 350 brands and 900 drug presentations across more than 150 therapeutic categories and 30 medical specialties. Today, Aché's products reach more than 20 countries across Latin America, Africa, Asia, and Europe, in addition to its home base in Brazil. About Triple Hair Triple Hair Group Inc. is a Canadian biotechnology company dedicated to developing innovative, clinically proven treatments for men and women suffering from androgenic alopecia. Triple Hair's mission is to provide effective prescription hair regrowth treatments for an underserved global market valued at US$8.8 billion in 2023, and expected to reach US$16 billion by 2030. Triple Hair also offers patented over-the-counter natural hair growth products under its RIZN™ and Plenty Natural™ brands. For more information, visit the Company's website, at . Contact: This press release may contain forward-looking statements, which are subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what the Company currently expects. Therefore, future events and results may vary significantly from what management currently foresees. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date.

Bloomberg

36 minutes ago

• Bloomberg

Bloomberg UK Politics: Britain's Iran Dilemma

The UK said its military wasn't involved in American air strikes on Iran, although a cabinet minister expressed support for their results. With the US now engaged in a conflict in the Middle East, many are asking if there are echos of the Iraq War, which still haunts Britain's Labour party. Bloomberg's Foreign Policy reporter Ellen Milligan and International Affairs Columnist Marc Champion join to discuss on a special edition of the UK Politics podcast. Hosted by Yuan Potts and Caroline Hepker.