Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:(1) Apple, racing to add more artificial intelligence capabilities, is nearing the completion of a critical new software tool for app developers that would step up competition with Microsoft.
(2) Keir Starmer's poll-leading opposition Labour Party overturned significant majorities to win two parliamentary seats from Rishi Sunak's governing Conservative Party, denting the prime minister's hopes of wrestling back momentum ahead of a UK-wide vote expected this year.
(3) UK Chancellor Jeremy Hunt has deemed a plan to cut the basic rate of income tax to 18% from 20% unaffordable, The Telegraph reports, citing a person familiar with the matter.
(4) Federal Reserve Bank of Atlanta President Raphael Bostic said there's no rush to cut interest rates with the US labor market and economy still strong, and cautioned it's not yet clear that inflation is heading sustainably to the central bank's 2% target.
(5) For more than 20 years, Stavros Gavriliadis and Dimitrios Elefsiniotis have been building a life together. They bought a house and started a family. But under Greek law, they couldn't marry or both be recognized as the parents of their three children — until this week.
See omnystudio.com/listener) for privacy information.
