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Facebook blamed a global service outage that kept its social media apps offline for much of Monday on a problem with its network configuration.

📈 European natural gas and power soared to fresh records amid worsening fears over supply.

🇺🇸🇫🇷 And U.S. Secretary of State Antony Blinken met French President Emmanuel Macron in Paris as America looks to move past a spat over a defense agreement with Australia and the United Kingdom.
💸 Mark Zuckerberg responded to whistle-blower Frances Haugen's claims, saying accusations about Facebook prioritizing profit over user safety are “just not true.”

💊 Merck's Covid pill is being touted as a game changer. Here's everything you need to know about the new treatment.

🇨🇳 China is now the last country still chasing a Covid zero policy. Its attempts to stamp out every last case have left it isolated, with borders firmly closed.
📈 European gas prices surged again, bringing their gains over just two days to 60%, as the EU sounded the alarm.

🌍 Slowing methane leaks is critical in the fight to slow climate change. Here’s where the potent gas comes from and what can be done now.

🇬🇧 And the U.K.’s Prime Minister Boris Johnson put forward his vision for a new Britain, investing in skills, narrowing social inequalities and “unleashing” a national spirit.
⛔️ A federal judge temporarily blocked Texas’s new ban on most abortions, handing a major early victory to the Biden administration as it seeks to overturn the strictest such law in the nation.

💉 Sweden and Denmark halted the use of Moderna’s Covid vaccine for people under 18 because of potential side effects. The Swedish health authority cited an increased risk of heart inflammation.

💬 Hong Kong’s national security law has transformed the financial hub and raised big questions for individuals and companies alike. Dive into the data tracing the fallout:
🇺🇸 The Senate is nearing a deal to increase the debt ceiling that would pull the U.S. from the brink of a payment default.

₿ Exactly how cryptocurrency Tether is backed, or if it’s truly backed at all, has always been a mystery. Now, it’s in the crosshairs of U.S. regulators and prosecutors.

🌾 Global food prices are at the highest in a decade, and the energy crisis is threatening to make things even worse.
⚡️ China’s energy crisis is starting to ripple around the world, hitting everything from iPhones to milk to cardboard boxes.

🌊 A U.S. nuclear-powered attack submarine struck a mystery object in the South China Sea last week, the Navy said. About a dozen sailors suffered minor to moderate injuries.

🪄 The most magical place on Earth is also one of the most... colorful places to work. Here are 11 very un-magical secrets one man learned during a week working at Disney World.
🇺🇸 The Senate approved legislation to pull the U.S. from the brink of a payment default, breaking a weeks-long standoff that rattled financial markets.

💵 After years of finger-pointing over the collapse of a real-estate company, the tycoon behind the crash is now sitting on a $9 billion mountain of debt.

☮️ Journalists Maria Ressa and Dmitry Muratov won the Nobel Peace Prize for their work to safeguard freedom of expression. The two will share the $1.1 million prize.
Hello 👋 Here's what we're reading right now:

🏭 Demand for coal is moving back near peak levels. For all the promises to transition to green energy, the world still leans heavily on fossil fuels. Read more in Bloomberg Green:

✈️ Southwest Airlines pilots asked a court to temporarily block the company from carrying out federally mandated Covid vaccinations. (That's not why 28% of Southwest flights were cancelled Sunday, the carrier says.)

⌚️ And it’s time for the Apple Watch to break free from the iPhone, Mark Gurman writes in his weekly newsletter.
💸 Five traders tell us how they survive and thrive in a world of disrupted markets.

🌊 Nearly a quarter of U.S. critical infrastructure—utilities, airports, police stations and more—is at risk of being inundated by flooding, according to a new report.

🇭🇰 Hong Kong Chief Executive Carrie Lam defended Covid-19 travel restrictions that are frustrating global businesses, signaling the curbs will stay in place for the foreseeable future.
🇭🇰🇸🇬 The divide is growing between Asia’s two main financial hubs in handling Covid. As Singapore opens up travel to the rest of the world, Hong Kong still has one the world’s harshest quarantines, risking the city's global status.

📉 Asian stocks and U.S. futures fell Tuesday, struggling to shake off worries about inflation spurred by an energy crunch and the possibility of a widening Chinese crackdown.

💰 And today in billionaire spats: Elon Musk doesn’t want Jeff Bezos to forget who the world’s richest person is.
🇺🇸 The U.S. House will vote on an increase to the government’s borrowing limit Tuesday. While it should avert the immediate threat of a catastrophic default, it could set the stage for an even bigger showdown.

🛢️ America’s aging oil and gas sites are a climate menace. Meet the company that owns more of them than any other.

₿ Bitcoin is flirting with a record-high after jumping more than 90% since July.
Hong Kong’s $6.3 trillion stock market canceled its morning session as typhoon Kompasu lashed the city. Securities trading may be affected for all of Wednesday.

📱 Apple will likely slash production targets for the iPhone 13 by as many as 10 million units this year because of prolonged chip shortages, sources say.

💉 Why are new Covid outbreaks deadlier in some countries than others despite using the same vaccines? Explore what the data show.
🇺🇸 The U.S. will relax coronavirus restrictions at its land borders with Canada and Mexico for vaccinated travelers next month.

🇪🇺 The EU plans to offer a package of concessions to the U.K. that would ease trade barriers in Northern Ireland, as the two sides prepare for a new round of contentious Brexit negotiations.

💻 And the U.S. has become the world’s biggest Bitcoin miner, replacing China, where a crackdown has effectively eliminated the practice.
💉 Mixing Covid vaccines produces as much or more antibodies as using the same shot as a booster, according to preliminary results of a U.S. government-sponsored trial.

🇭🇰 Kyle Bass lost big in his bet against the Hong Kong dollar, and the SEC says some investors funded his short through an illicit stock offering.

🏦 Citi CEO Jane Fraser has a plan to turn around the bank and crush its rivals. It involves betting on its wealth business and letting employees rewrite their schedules.
🌀 A tropical storm that’s lashing southern China mixed with Covid-related supply chain snarls is causing a ship backlog from Shenzhen to Singapore.

🗽 Opaque methods, hypothetical numbers and ‘bonkers’ adjustments are shifting New York City’s property-tax burden toward the middle- and working-class.

💻 Can you really work fewer hours for the same pay, while maintaining productivity? Yes, according to this study in Iceland.
🧑‍✈️ As out-of-practice pilots return to the skies, potentially disastrous errors are mounting, an aviation database reveals.

🇦🇺 Vaccinated travelers can enter Sydney and the rest of Australia’s New South Wales without quarantine from Nov. 1, as the country emerges from isolation.

🇰🇵 Something strange is happening with North Korea’s currency. Counterintuitively, the won is surging just as things get worse.
📉 China’s GDP growth slowed to 4.9% in the third quarter, down from 7.9% in the previous quarter, over a property slump and an energy crisis.

💼 A zainichi woman — a third-generation Korean born in Japan — has brought a lawsuit against an employer who distributed anti-Korean propaganda in the office. It’s one of the first trials for the country’s new laws against racist and hateful speech.

👀 And a new show has knocked "Squid Game" out of Netflix's No. 1 spot in the U.S.
😷 The U.K. is falling behind the rest of Europe in its battle against Covid-19.

🏭 Google wants to run its latest campus entirely free of emissions.
It’ll take far more than money to make that happen.

💵 The Federal Reserve’s army of economists says Wall Street is getting its inflation call wrong.
💻 Apple took the most aggressive step yet to strip Intel chips from its computers, announcing more powerful homegrown Mac processors alongside a total revamp of the MacBook Pro.

🌏 Boris Johnson said the global climate talks the U.K. is hosting at the end of October will be “extremely tough,” as he made a last-ditch call on world leaders to take concrete steps to protect the planet. Watch the full interview with Bloomberg:

💰 And there’s a $30 billion fortune hiding in China’s Silicon Valley.
₿ Bitcoin is climbing toward all-time highs ahead of its first futures exchange-traded fund in the U.S.

🇨🇳 A few generations after their ancestors were scratching out meager livings, Shenzhen’s urban villagers have quietly amassed vast riches. It’s now becoming a Chinese mega-city.

💵 These are the best (and worst) pension systems in the world.