Here's the latest on the war in Ukraine:

🇪🇺 The European Union is working on new investment tools to fund the bloc’s military spending, according to a draft report. https://bloom.bg/3wabKq5

🇺🇸 The Senate is forced to postpone final passage of a $40 billion Ukraine aid package after Senator Rand Paul refuses to allow the vote unless language he is demanding is added. https://bloom.bg/38rmYNN

💎 Russia’s invasion of Ukraine is fracturing the global diamond trade as US restrictions on Russia's giant diamond miner Alrosa PJSC cause panic across the industry. https://bloom.bg/3PjBB6n

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📉 The global stock slump may not be over yet. Even after a mass exodus of money, an $11 trillion wipeout, and the worst losing streak for global equities since 2008, key technical indicators show room for more declines. https://bloom.bg/3a72j2d

💬 Goldman Sachs Senior Chairman Lloyd Blankfein said the US is at a “very, very high risk” of recession. https://bloom.bg/3lbvUcK

🇨🇳 China’s economy shrank sharply in April, with Covid outbreaks and lockdowns dragging the industrial and consumer sectors to their weakest levels since early 2020. Unemployment climbed to 6.1%, higher than the 6% forecast. https://bloom.bg/3FV2GZl

Here's the latest on the war in Ukraine:

🍔 McDonald's says it will pull out of Russia after more than 30 years of operation in the country and take a write-off of $1.2 billion to $1.4 billion for the move. https://bloom.bg/3sCviBl

🇩🇪 German Foreign Minister Annalena Baerbock says she expects the European Union to impose sanctions on Russian oil within the next few days. https://bloom.bg/3FLx1cR

💶 The euro area’s pandemic recovery would almost grind to a halt, while prices would surge even more quickly if there are serious disruptions to natural-gas supplies from Russia. https://bloom.bg/3PmzJtI

🇰🇵 Kim Jong Un mobilized North Korea’s military to help fight the Covid crisis as suspected cases reached nearly 1.5 million in less than a month. https://bloom.bg/37WnIuc

💸 Singapore's former richest tycoon Forrest Li has lost more than 80% of his fortune, in a wipeout that shows the vulnerability of the quick wealth creation during the pandemic. https://bloom.bg/3FPgwfS

✈️ Sri Lanka's new government plans to sell its national airline and print money to pay government salaries, as the nation is set to formally default on foreign debt. https://bloom.bg/3Lm6FPy

📱 Hong Kong is considering blocking public access to Telegram, a local paper reported, potentially reviving fears the former British colony is moving closer toward Beijing-style internet controls.

It’s unclear how authorities intend to carry out such an action. Read more: https://bloom.bg/3FVQsQm

Here's the latest on the war in Ukraine:

🇪🇺 The European Union says that gas companies would violate sanctions if they open bank accounts in rubles to buy Russian gas. https://bloom.bg/3MrwQpy

🗣 Several European Union defense ministers and Finland’s president and prime minister express optimism that Turkish concerns over Sweden and Finland joining NATO can be resolved. https://bloom.bg/37SrjJz

🇩🇪 Germany is open to discussing a broad set of measures to help Ukraine rebuild once Russia ends its war, including offering EU guarantees for financing. https://bloom.bg/3PpomkE

🤝 Twitter's board says it plans to enforce its $44 billion agreement with Elon Musk, after he said the deal was "on hold." Behind the scenes, advisers for both sides have been working furiously to try to close the megadeal. https://bloom.bg/3Mtm5mw

😱 Startups are getting a reality check with job cuts and a sour investment climate. Valuations are tumbling and the tech industry is contracting after a decade-plus bull run. https://bloom.bg/3wzRuNx

✈️ Data from the crashed China Eastern plane suggest the Boeing jet took an intentional nosedive, the Wall Street Journal reports. https://bloom.bg/3FTA02V

Here's the latest on the war in Ukraine:

⛽ A German refinery on the Polish border has deep ties to Russia, and closing it risks jet fuel and diesel running dry in Berlin. https://bloom.bg/3wCs0iu

📑 Finland and Sweden handed in their formal applications to join NATO, as Austria’s foreign minister says there’s no fast track for Ukraine to gain European Union membership. https://bloom.bg/3woSTI0

👀 Germany’s ruling coalition is stripping former Chancellor Gerhard Schroeder of his office in the lower house of parliament over his close ties to Russia and President Vladimir Putin. https://bloom.bg/3yIs9DE

📉 Stocks extended a selloff, as inflation, rate hikes, Covid in China and war roil investors. A closely watched JPMorgan strategist says stocks can "climb out of this hole" and predicts there won't be a US recession this year. https://bloom.bg/3Ls4lqx

💰 Elon Musk lost $12 billion in a day as he tweeted his political switch from Democrat to Republican and slammed ESG. About $49 billion has been shaved off his wealth since launching the Twitter bid last month. https://bloom.bg/3NmHm1l

✈️ Singapore wants to keep its borders open and stay connected to the rest of world even if a new variant of Covid emerges, the country's transport minister says. https://bloom.bg/3Prrf4u

Here's the latest on the war in Ukraine:

🇨🇳 China is seeking to replenish its strategic crude stockpiles with cheap Russian oil, a sign Beijing is strengthening its energy ties with Moscow. https://bloom.bg/3G0cAZM

❌ Nearly three months after Vladimir Putin sent his troops into Ukraine, Russia faces more sanctions than any other country. https://bloom.bg/37Zju4Z

🪖 A 21-year-old Russian soldier facing the first war crimes trial since Moscow invaded Ukraine pleads guilty to killing an unarmed civilian. https://bloom.bg/39xQwcM

😷 Shanghai found its first cases of Covid outside of quarantine in six days, raising questions about whether the easing of the city’s lockdown will be impacted. https://bloom.bg/3wEKznH

🏦 Chinese banks cut a key interest rate as the virus slams the country's economy. Overall, Beijing's stimulus will top $5 trillion this year, Bloomberg calculations show. https://bloom.bg/3G6rFZY

🖼️ And in Singapore, a court issued a freezing injunction preventing the sale of a Bored Ape NFT, in a case that could have broad ramifications for digital assets. https://bloom.bg/3a1ildG

Here's the latest on the war in Ukraine:

✂ Russia is cutting Finland off from its natural gas supplies as relations between the two neighbors sour over the Nordic nation’s decision to join defense alliance NATO. https://bloom.bg/39EQpfn

⛑ The Group of Seven industrialized nations will agree on more than €18 billion ($19 billion) in aid for Ukraine to guarantee the short-term finances of the government in Kyiv. https://bloom.bg/3MKUk96

🇺🇦 Ukraine’s central bank is considering a return to regular monetary policy decisions as soon as next month in a sign the country’s financial system is getting back on its feet after Russia’s invasion. https://bloom.bg/3PsXP6d

🇦🇺 Australia's Anthony Albanese was sworn in as prime minister ahead of the Quad meeting in Tokyo. He's gone from being raised in public housing and spinning tunes as a DJ to leading the country. https://bloom.bg/3wzTUgq

🌡️ War, drought and production shortages mean the world is about to face a hot, deadly summer with frequent blackouts. https://bloom.bg/3a5v5js

🇬🇧 High-risk close contacts of monkeypox cases have been asked to self-isolate for 21 days in the UK. It also advises offering them a smallpox vaccine. https://bloom.bg/3NtrzxY

Here's the latest on the war in Ukraine:

💵 Russia considers a plan to ease a key control on capital flows that helped drive the ruble to the highest levels in four years, as the rally threatens to hurt budget revenues and exporters.
https://bloom.bg/3wEpnOg

🪖 In Davos, Ukrainian officials open an exhibit of photos and video showing alleged war crimes committed by Russian troops. As many as 100 Ukrainian soldiers may be dying each day in severe fighting in the Donbas, currently the main focus of the Kremlin’s invasion, according to President Volodymyr Zelenskiy.
https://bloom.bg/3sSa8Pw

🗣 Russia’s aggression cannot be tolerated, Japanese Prime Minister Fumio Kishida tells US President Joe Biden during a meeting in Tokyo to discuss regional security and economic cooperation.
https://bloom.bg/3LzTNpf

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🇹🇼 Joe Biden’s latest gaffe on Taiwan – he answered “yes” when asked if the US would act “militarily” to defend the island in the event of a Chinese attack – risks undermining the president’s bid to curb Beijing’s growing influence over the region. https://bloom.bg/3wCXiWo

👨‍⚖️ Billionaire Robert Brockman must stand trial for the largest tax evasion case against an individual in US history despite asserting dementia leaves him incompetent, a judge ruled. https://bloom.bg/3NvtyBJ

🥢 And Singapore's beloved chicken rice is about to get more expensive. https://bloom.bg/3sUEgdb

Here's the latest on the war in Ukraine:

🇹🇷 Turkey hosts Swedish and Finnish officials for talks on their applications to join NATO, an expansion Russia has warned it would consider a direct threat. Ankara has so far objected to the expansion of the defense alliance, accusing the two applicants of being too soft on Kurdish activists it considers terrorists.
https://bloom.bg/38fXEKE

🍞 Russia’s war against Ukraine deepens a global food crisis, threatening some countries with hunger and making the invader among the biggest winners of grain trade as prices soar.
https://bloom.bg/38bEsO2

⛽️ Russia's state-run oil champion Rosneft has seen the largest drop in production since the invasion of Ukraine. The company and its subsidiaries account for about two-thirds of Russia’s production cuts since the invasion of Ukraine.
https://bloom.bg/3wH8JxR

🇺🇸 US President Joe Biden demanded the country "stand up" to gun makers after a mass shooting at a Texas elementary school left at least 19 children and two teachers dead. https://bloom.bg/3MQPIOX

🇦🇺 Australia's next parliament will be the country's most diverse, with a record number of women, Asian and Indigenous lawmakers to hold office. https://bloom.bg/3MPSHay

🛍 China’s Generation Z is shaking up shopping, derailing big bets by Western companies with a growing nationalism that's dethroned the likes of Nike and Adidas. https://bloom.bg/3yYgtNf

🇺🇸 The 18-year-old gunman, who killed 19 children and two teachers at a Texas elementary school, warned about his plans on social media minutes before the attack, the state’s governor Greg Abbott says. https://bloom.bg/38RyBxB

🪧Hundreds of people took to the streets in China’s Zhengzhou city, demanding that the billions of yuan they’ve invested be returned in what could be one of the country’s largest financial scams. https://bloom.bg/3PVyCBF

🚢 Willing buyers of Russian crude are ready to go to any extent, with rare ship-to-ship transfers taking place off South Korea’s waters to ensure the steeply discounted fuel reaches China. https://bloom.bg/38JSozf

Here's the latest on the war in Ukraine:

🗣 The US ambassador to the Organization for Security and Co-operation in Europe warns that Russia could use any Ukraine territory it holds onto as a “springboard” to capture more terrain.
https://bloom.bg/3LQBZ9E

💬 Germany’s chancellor says Russia wants to “bomb us back to a time when war was a common political tool.” Olaf Scholz calls for more countries to join international efforts to isolate Russia, saying President Vladimir Putin must not be allowed a victory in Ukraine that could embolden other warmongers.
https://bloom.bg/3sYkIVv

🇷🇺 The Bank of Russia delivers its third interest-rate reduction in just over a month, and a bigger one than expected. Russian monetary authority lowered its benchmark to 11% from 14% on Thursday at an extraordinary meeting it announced only a day earlier.
https://bloom.bg/3wMlDue

Hello 👋 Here’s what we’re following right now:

🇺🇸🇹🇼 The US and Taiwan are planning to announce negotiations to deepen economic ties, sources say, in a fresh challenge to Beijing. https://bloom.bg/39Z8EN5

💭 Will Kanye's new album come out next week? Are mortgage rates going up? A new stock market lets investors bet big on anything. https://bloom.bg/3z1JlEh

💡 And S&P 500 believers see light forming in the market. But that view comes with many caveats. https://bloom.bg/3PON7XB