Your Evening Briefing – Bloomberg

Here are today’s top stories for Europe.

Bloomberg News

October 25, 2017, 11:44 AM EDT

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All the hype around the launch of the iPhone X couldn’t make up for one basic problem: Apple was running short on supplies, and wouldn’t have enough new phones in time for the holidays. As Wall Street watched for signs the company might stumble, Apple quietly came up with a solution, making it easier to manufacture the phone: It told suppliers they could reduce the accuracy of its facial-recognition feature. With the iPhone X set to debut on Nov. 3, we’re about to find out whether the move paid off. — Leila Taha

Uptick. A surprise acceleration in the U.K. economy has paved the way for the Bank of England to raise interest rates next week for the first time in a decade. The pound rose and investors increased bets on a tightening of monetary policy on Nov. 2. The GDP reading, a first estimate, showed 0.4 percent growth last quarter, more than forecast and the fastest pace of the year so far. German business confidence also rose to a record level in October.

New fissures. Spanish Prime Minister Mariano Rajoy’s plan to crush Catalonia’s separatist movement has some of his allies alarmed. The Socialists have so far backed Madrid, but they’re balking at Rajoy’s drive to take control of the administration in Barcelona and cut off the Catalan leaders. The two sides will face off on Friday when Madrid is scheduled to officially take control – here are three scenarios for how things could play out.

A driver rides hands-free in a Tesla Model S vehicle equipped with Autopilot.

Photographer: Christopher Goodney/Bloomberg

Shortfall. Elon

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