Iran War: Trump Says Ceasefire on 'Life Support' Ahead of China Visit | Daybreak Europe 5/12/2026

On today's show, the ceasefire between the US and Iran reached a particularly precarious moment as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer. The Middle East and trade are expected to top the agenda when President Trump and Chinese counterpart Xi Jinping meet Thursday morning in Beijing. The Kospi saw wild swings — shedding more than $300 billion in value over 97 minutes, and then paring losses — after a top South Korean official floated the idea of a “citizen dividend” using AI profits but later clarified it would be funded by excess profits. And Keir Starmer is facing growing pressure to step down as Britain’s prime minister after dozens of members of Parliament, including Cabinet allies, are said to have joined calls for Starmer to set out a timetable for his departure. Today's guest: Maria Ferraro, Siemens Energy, CFO. (Source: Bloomberg)