🇯🇵 Japan’s ruling coalition won big in a vote held two days after the assassination of Shinzo Abe, who led the bloc to numerous victories during his term as prime minister. https://bloom.bg/3AH2bl4

⌚️ The Apple Watch is set to go “Pro” this fall with a new extreme sports edition. https://bloom.bg/3OTsYPk

👀 After Elon Musk dropped his takeover bid, Twitter assembled a legal team to sue him. Bloomberg Opinion's Matt Levine breaks down how the billionaire lost interest. https://bloom.bg/3PgjGge

Hello, here’s what we’re following today:

⛽ Russian natural gas shipments to Europe via the Nord Stream pipeline to Germany are due to stop on Monday for planned annual maintenance, and Western allies fear President Vladimir Putin will use the opportunity to cut off flows for good.

https://bloom.bg/3ay7NUc

📉 Twitter Inc. shares have fallen in premarket trading after Elon Musk walked away from his $44 billion deal to buy the company, setting the scene for a disruptive legal battle.

https://bloom.bg/3PjDwaa

💉 European regulators are urging second booster doses of Covid-19 vaccines for people over 60 years old as cases and hospitalizations are again rising sharply.

https://bloom.bg/3O19fMi

🧳 Where in the world are Three Arrows Capital's founders? Liquidators for the bankrupt crypto hedge fund are now faced with a mystery. https://bloom.bg/3PhTlhJ

📉 The global economy may be going into a downturn, but here are 10 things different now compared with the last big recession. https://bloom.bg/3yqn9Sk

🔍 WeChat is China's most beloved and feared surveillance tool. Read an excerpt from Bloomberg reporter Lulu Chen's book "Influence Empire" on how the app posed a threat to Beijing's rule. https://bloom.bg/3yBtomm

Hello, here's what we're following today:

📉 The risk of a UK recession in the next 12 months is now almost 50-50, according to a Bloomberg survey that underscores the darkening outlook for the economy. https://bloom.bg/3yUQbeu

✈️ London’s Heathrow airport is imposing a two-month cap on daily passenger traffic, a dramatic response by the country’s busiest airport to the flight chaos that has gripped Europe for weeks as airlines and ground crews struggle to process a surge in travel demand. https://bloom.bg/3PooqjF

💰 The euro is edging closer toward parity with the US dollar as energy concerns and the risk of recession weigh on the outlook for the region. https://bloom.bg/3O0Tbuf

🇱🇰 Sri Lanka's president has fled to the Maldives, marking a turning point for the ruling Rajapaksa dynasty after fierce protests. Follow live updates on the country's crisis. https://bloom.bg/3Prkej9

💼 Twitter sued Elon Musk over his abandoned $44 billion takeover bid, accusing the world's richest man of having buyer’s remorse. https://bloom.bg/3NWxNpS

🧨 The founders of Three Arrows Capital turned it into the most important hedge fund in crypto. This is how it blew up and set off a contagion. https://bloom.bg/3ALFNqQ

Here’s what we’re following right now:

🩺 The UK economy grew more than expected in May, with GDP rising 0.5% thanks to a strong rebound in health services. https://bloom.bg/3uJdl56

🛢️ Nearly five months after Russia’s invasion of Ukraine sparked a global energy crisis, Italy is pulling ahead in reducing its dependency on Moscow. https://bloom.bg/3Iz1ZpM

🏠 Across China, homebuyers are refusing to pay mortgages as property developers drag on construction projects, escalating the country’s real estate crisis and risks of bad debt for banks. https://bloom.bg/3PmpVPn

🏦 Fed officials may debate a historic one percentage-point rate hike later this month after US inflation rose a faster-than-forecast 9.1%. https://bloom.bg/3z3whOi

🌡 Crypto lender Celsius filed for Chapter 11 bankruptcy a month after freezing customer withdrawals, the latest casualty from the rout in cryptocurrencies. https://bloom.bg/3z4tbd9

🏘 More Chinese homebuyers are refusing to pay their mortgages, with loan payments stopped on at least 100 projects. That's only adding pressure to China's property market, our credit tracker shows, as the bond market moves into a fresh phase of distress. https://bloom.bg/3RKktbp

Here’s what we’re following right now:

🗳️ The UK Conservative Party will hold another ballot Thursday in the race to elect their new leader and Britain’s next prime minister. Rishi Sunak and Penny Mordaunt have emerged as frontrunners. https://bloom.bg/3NZLa8M

🌪️ Investors are dumping Italian assets as political turmoil puts Mario Draghi’s government at risk of collapse. https://bloom.bg/3O6yjBy

🧳 The baggage chaos at airports is getting so bad that travelers are turning to AirTags and similar devices to keep tabs on their belongings. https://bloom.bg/3z3qzvW

Hello, here's what we're reading:

🇨🇳 China’s economy grew 0.4% in the second quarter from a year earlier, the slowest pace since the Wuhan outbreak in 2020. https://bloom.bg/3Prk0bZ

📱 Regulators are poised to extract about $1 billion in fines from the five biggest US investment banks for failing to monitor employees using unauthorized messaging apps. https://bloom.bg/3Rzt5Bg

🏜️ What does $500 billion build in the Saudi desert? Crown Prince Mohammed bin Salman’s project involves turning an expanse the size of Belgium into a high-tech city-region with a ski resort and swim lanes for commuters. It’s going great…for the consultants. https://bloom.bg/3Pq1hxq

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🧯 With Italy on the brink of chaos, Prime Minister Mario Draghi has less than a week to forge some difficult compromises with the populists in his government that have reluctantly backed him for the past 18 months. https://bloom.bg/3O3L3Ji

🪙 When FBI agents knocked on the door of his Brooklyn, New York, home in August 2018, trader John Edmonds told them he didn’t know anything about gold and silver price manipulation at JPMorgan Chase & Co. That was a lie, he admitted Thursday. https://bloom.bg/3Oohoed

💸 The European Union is falling behind on its high-profile promises to deliver a substantial aid package to Ukraine at the same time the bloc is confronting the prospect of severe economic pain at home. https://bloom.bg/3P9zamA

Hello, here's what we're reading:

⛔️ “It's just easier to put China aside." The country is a pariah for global investors, who point to one key reason why: President Xi Jinping's policies. https://bloom.bg/3uW8BZY

💵 The US dollar’s gain is the world’s pain — and based on its current trajectory, there may a whole lot more discomfort ahead. This could be the start of a dollar “doom loop” like no other. https://bloom.bg/3o8R50D

👀 And as a recession looms over markets, here’s what Wall Street heavy hitters say are the next big risks. https://bloom.bg/3yNgiTt

Here’s what we’re following right now:

🌡️ Temperatures in London and the south of England might hit a record-setting 40° Celsius (104° Fahrenheit) this week, hotter than the forecast in Madrid, Rome or Marseille. The English may have to get used to the sweltering heat. https://bloom.bg/3ogdBVi

📈 GSK Plc’s consumer-health unit Haleon begins trading in London on Monday, marking one of the biggest-ever spinoffs in British corporate history. https://bloom.bg/3zaGo47

🪖 Russian Defense Minister Sergei Shoigu has ordered part of his forces to focus on destroying Ukraine’s long-range missile and artillery systems during a visit to troops in occupied territory. https://bloom.bg/3IMM47J

✉️ Top European leaders have left Chinese President Xi Jinping hanging over an invitation to meet him in Beijing later this year, the SCMP reports. https://bloom.bg/3B0vuPD

💸 All the while, thousands of wealthy Chinese worth around $48 billion are desperate to leave. But it's going to be a tough way out. https://bloom.bg/3Pj4iA2

🏟️ The best restaurant in the world is inside a soccer stadium. Here are 99 others you should try right now. https://bloom.bg/3AXhnL5

Here’s what we’re following right now:

☀️ Temperatures in the UK rose above 40 degrees Celsius (104 degrees Fahrenheit) for the first time as a potentially deadly heat wave nears a peak on Tuesday. https://bloom.bg/3aNTOK1

📈 The European Central Bank may consider raising interest rates on Thursday by double the quarter-point it outlined just last month because of the worsening inflation backdrop, according to people familiar with the situation. https://bloom.bg/3OcHuk4

💰 The owners of some UK energy suppliers that collapsed within the past year are set to walk away with payouts reaching tens of millions of pounds at the same time every household in the country is footing the bill for those failures. https://bloom.bg/3aMzg4u

🤝 Henry Kissinger, the former US Secretary of State who helped re-establish US-China ties in the 1970s, is warning Biden against endless confrontation with Beijing. https://bloom.bg/3cgxokO

🛒 Sam Bankman-Fried, the wunderkind quant-turned-crypto billionaire, is turning the industry's $2 trillion rout into a buying opportunity. https://bloom.bg/3PnHn6y

🔎 After years of bulking up, the tech industry is bracing for recession. From Apple to Google, we're tracking companies that are slowing down hiring or laying off staff. https://bloom.bg/3OtcOLK

Here’s what we’re following right now:

⏳ Russian President Vladimir Putin signals that Europe will start getting gas again through a key pipeline, but warns that unless a spat over sanctioned parts is resolved, flows will be tightly curbed. https://bloom.bg/3cpBxD9

🔨 China's President Xi Jinping is facing a surprise challenge from middle-class homeowners boycotting mortgages over unfinished property projects. https://bloom.bg/3zgBdzF

🪪 Japan, Singapore and South Korea have the most powerful passports as the world continues to recover from Covid-19, reversing pre-pandemic rankings that were dominated by European nations. https://bloom.bg/3PLDjgt

☎️ Joe Biden says he expects to speak to Xi Jinping “within the next 10 days,” as the US considers lifting some tariffs on Chinese imports. https://bloom.bg/3OsuVRM

💸 Tesla sold a significant chunk of its stake in Bitcoin by the end of the second quarter to maximize its cash position. The cryptocurrency fell as much as 1.6% after the disclosure on Wednesday. https://bloom.bg/3aRhME4

🪖 The head of the CIA says Putin's interest in Iranian drones reveals the poor state of the Russian military. https://bloom.bg/3OnoPlC

Here’s what we’re following right now:

💶 The ECB raised interest rates by 50 basis points, ending 8 years of negative interest rates and defying earlier guidance for a move of only half that size. https://bloom.bg/3v50WZl

🌪️ Mario Draghi has resigned as Italy’s prime minister, throwing the country into turmoil and putting it on course for snap elections as soon as early October. https://bloom.bg/3OmJMxe

📺 Billionaire Vincent Bollore wants to create a European empire that will rival Netflix and Walt Disney ⁠— with a conservative twist. https://bloom.bg/3PLzgjU

💬 “He chose not to act.” White House insiders told the Jan. 6 committee that Trump ignored their pleas for hours to quell the riot. Follow live updates: https://bloom.bg/3RS9sol

🇹🇼🇺🇸 China rarely leaves even a low-level exchange between the US and Taiwan unanswered. The question now is how far Beijing will go to signal its displeasure with a reported Taipei visit by House Speaker Nancy Pelosi. https://bloom.bg/3ojXB4X

🌡 The world's frothiest housing market is cooling — and it's a warning for the rest of the world. https://bloom.bg/3IUOgKn

Here’s what we’re following right now:

⤵️ After five weeks in hiding, the disgraced founders of Three Arrows Capital speak extensively about the spectacular implosion of their once high-flying hedge fund. https://bloom.bg/3ok4Euv

🚨 Private-sector activity in the euro area unexpectedly shrank for the first time since the lockdowns of early 2021, fueling concern that Europe is facing a recession. https://bloom.bg/3J0QNmo

⛏️ Decades of illegal mining went unchecked in one Ecuador town — then a sinkhole swallowed downtown. https://bloom.bg/3aYjAeB