EU Eyes Huawei Ban, Swiss Tariff Deal Nears, Dubai’s Big Property Frenzy

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The European Commission is exploring ways to force European Union member states to phase out Huawei Technologies Co. and ZTE Corp. from their telecommunications networks, according to people familiar with the matter. (2) Switzerland is close to securing a 15% tariff on its exports to the US, in what would be a relief for the country after it was hit with a punishing 39% levy in August, according to people familiar with the matter. (3) A record-setting 41-day US government shutdown is on a path to end as soon as Wednesday after the Senate passed a temporary funding measure backed by a group of eight centrist Democrats. (4) Rachel Reeves indicated the Labour Party may be preparing to break its election promises not to raise taxes, as she looks ahead to what she called a “difficult” UK budget. (5) Donald Trump notched another victory in his war on the media when the UK’s national broadcaster apologized over a misleading edit of the US president’s remarks and two executives resigned. (6) Warren Buffett, the billionaire investor who turned an aging textile mill into a more than $1 trillion conglomerate, said he’s “going quiet,” marking the end of an era for one of the business world’s most-watched investing gurus. Podcast Conversation: Microsoft Influencers Try to Make Copilot as Cool as ChatGPT See omnystudio.com/listener for privacy information.