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Trump, Cook Legal Fight; US 50% Tariff On India In Effect | Horizons Middle East & Africa 8/27/2025
US President Donald Trump says he's prepared for a legal fight with Fed Governor Lisa Cook, after she rejected his moves to sack her. Sources say his administration is looking to exert more influence over the Fed's regional banks. The United States' crushing 50% tariff on some Indian goods comes into effect. The highest in Asia, Citi says it could shave off just over half a percent from annual GDP growth. And Nvidia earnings in focus as investors await an update on the AI spending boom, and any impact of US-China rivalry on growth. Plus we get the details on a Bloomberg investigation looking into private equity giant TPG's push into healthcare in Africa, and claims of prioritizing profits over patients. Guests on the show include: Rajeev Sibal, Morgan Stanley, Senior Global Economist; and Vandana Hari, VANDA Insights, Founder.
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.
Chapters:
00:00:00 - Introduction
00:05:23 - Trump, Fed's Cook gear up for legal fight
00:09:41 - Rajeev Sibal, Morgan Stanley, Senior Global Economist
00:16:04 - Nvidia earnings: AI spending and US-China rivalry in focus
00:20:21 - Botswana declares national health emergency as diamond sales slump
00:26:53 - US 50% tariff on India comes into effect
00:31:02 - Vandana Hari, VANDA Insights, Founder
00:38:21 - Bloomberg scoop: Whistleblowers claim TPG prioritized profits over patients
00:43:04 - Abu Dhabi's Lunate takes stake in Brevan Howard
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Published Aug 27, 2025
