👀 Elon Musk denied he had an affair with Sergey Brin’s wife, after the WSJ reported the liaison led the Google co-founder to sell his investments in Musk's companies. https://bloom.bg/3zEAyZb

🏗️ China’s deepening property bust is sending shock waves through the middle class, upending the belief real estate is a surefire way to build wealth. https://bloom.bg/3OvjIQA

🛏️ As rising layoffs and regulatory crackdowns leave China's Gen Z feeling dejected, the "lie flat" movement has given way to a more fatalistic catchphrase: “let it rot.” https://bloom.bg/3J2bkGS

⛔ Coinbase is facing a US probe into whether it improperly let Americans trade digital assets that should have been registered as securities. https://bloom.bg/3PQIlbm

🐜 Alibaba removed all Ant executives from a partnership designed to let top management maintain control of the e-commerce giant. https://bloom.bg/3ovu9Jq

🇹🇼 Nancy Pelosi's staff hasn't ruled out a Taiwan visit, which could come within days of an expected call between Joe Biden and Xi Jinping. https://bloom.bg/3PT2duC

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✈️ London Heathrow has warned that a cap on flights might stay in place for at least another year, as the UK airport seeks to overcome travel disruptions that it says are due to insufficient staffing by airlines. https://bloom.bg/3Bg65S6

👑 Saudi Arabia will set aside 300 billion riyals ($80 billion) for an investment fund tied to the crown prince’s flagship megaproject, Neom, and plans an initial public offering of the project on the kingdom’s stock market as soon as 2024. https://bloom.bg/3OzVeWl

💸 Many Americans enjoy free checking accounts on the backs of the fees paid by poor people, with consumers who frequently overdraft bringing over $8 billion in revenue a year to banks. https://bloom.bg/3z8lYaD

🇺🇸🇨🇳 President Biden will speak with Chinese leader Xi on Thursday as Nancy Pelosi's possible Taiwan visit stokes tensions. https://bloom.bg/3OE1KLM

📈 The Fed is expected to hike US interest rates by 75 basis points on Wednesday, a move that will heap pressure on Asia's central banks to speed up monetary tightening. https://bloom.bg/3zctKQJ

💻 Strong earnings from Alphabet, Microsoft and Texas Instruments helped reassure investors worried the tech industry was poised for a dour second half. https://bloom.bg/3OBQz6f

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🏦 Federal Reserve Chair Jerome Powell is set to deliver the largest back-to-back rate increase in decades today, with investors seeking signs he is open to shifting to smaller moves from September. https://bloom.bg/3PF4euF

🏗️ Ukraine is struggling to rebuild its economy while still at war with Russia ⁠— churning out vodka and steel under the continued threat of bombardment. https://bloom.bg/3owoliL

🦠 Wuhan, the city that imposed the first ever lockdown, has told 1 million residents to stay home, underscoring how far China is from post-pandemic normalcy. https://bloom.bg/3Blc4oM

📈 The Fed raised interest rates by 75 basis points in the biggest back-to-back increases since the early 1980s. US stocks rallied after Chair Jerome Powell signaled a slowdown in the pace of further hikes. https://bloom.bg/3vJ6wRF

💵 The US dollar is at its highest in years and could keep going — with devastating impacts on the global financial system. https://bloom.bg/3zbFdjC

🥳 There’s a Chinese megacity where masks are rare and clubs are packed — and it illustrates why Xi Jinping is staying the course with Covid Zero. https://bloom.bg/3za1K0l

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🍎 Apple calmed investors' fears with earnings that narrowly topped estimates, as iPhone sales held up better than expected last quarter. https://bloom.bg/3Sc0z9m

🇹🇼 Joe Biden and Xi Jinping told aides to plan an in-person meeting during a call in which both leaders warned one another about rising risks of a Taiwan confrontation. It's still unclear if Nancy Pelosi's Asia tour, set to kick off Friday, will include a visit to the island. https://bloom.bg/3zcPL25

📱 And advertisers are struggling with Reels, the TikTok clone that Facebook and Instagram are pushing. Meta says it’s getting more popular, but until ad spending follows, the shift is hurting business. https://bloom.bg/3OJKtRp

💸 China’s banks may face mortgage losses of $350 billion as confidence plunges in the nation’s housing market. China property stocks extended declines Monday on the darker outlook. https://bloom.bg/3vtoY0l

💬 JPMorgan's gold secrets are spilling out in court. The trial of the bank's former head of precious metals offered unprecedented insights into the trading desk that dominates the global gold market. https://bloom.bg/3zMwZ2Y

⏱ And the crypto collapse has flooded the market with Rolex and Patek Philippe luxury watches. https://bloom.bg/3bia7ii

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🚨 Germany’s government was slow to react when Russia squeezed gas supplies. Now cities are cutting back on lighting and hot water in a bid to avert disaster. https://bloom.bg/3cWZIJi

⏳ The Bank of England this week is expected to push through the biggest interest-rate increase in 27 years. https://bloom.bg/3oK8GMP

💰 Dubai’s cash-based crypto shops are a favorite among Russians, Iranians and others who can’t use banks for transfers due to Western sanctions. https://bloom.bg/3QcGH4b

🇹🇼 Despite China's threats, Nancy Pelosi is expected to arrive in Taiwan on Tuesday night, which would make her the highest-ranking US official to set foot on the island in 25 years. https://bloom.bg/3oKBvZt

🪖 Joe Biden said a US strike in Afghanistan over the weekend killed the leader of al-Qaeda, Ayman al-Zawahiri, calling him a longtime terrorist commander who helped plan the 9/11 attacks. https://bloom.bg/3blzM9U

🎯 China’s top leaders told government officials this year’s economic growth target of “around 5.5%” should serve as guidance rather than a hard target that must be hit. https://bloom.bg/3PRDVl1

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🛫 The most-tracked aircraft in the world right now is a US Air Force jet that took off from Kuala Lumpur, as internet users seek to track US House Speaker Nancy Pelosi on a trip to Taiwan. https://bloom.bg/3zQh9US

⚽ Despite record-breaking attendance, the costs of the Euro 2022 tournament are expected to exceed projected revenue by more than 60 million euros, the European footballing body said. https://bloom.bg/3BwVjXW

🏡 UK house prices barely rose in July, a sign that the cost-of-living crisis is cooling the property market. https://bloom.bg/3JlWXO5

🇹🇼 Nancy Pelosi is meeting Taiwanese President Tsai Ing-wen as China unleashes economic curbs on the island. Follow live updates. https://bloom.bg/3BDl3BZ

👊 Angry homebuyers have launched one of the most effective protests China has ever seen. Their mortgage boycott started with an ultimatum on social media. https://bloom.bg/3BCgIPj

💸 China's ultra-rich seeking to flee pandemic lockdowns and political tensions are losing their favorite escape route to Europe. https://bloom.bg/3zSWyj1

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🤝 House Speaker Nancy Pelosi pledged that the US wouldn’t abandon Taiwan, reaffirming American support for the democratically elected government in Taipei despite threats of fresh trade curbs and military actions by Beijing. https://bloom.bg/3zvKeUr

🌡 France, Europe’s largest nuclear energy producer, is likely to curb generation as scorching weather is making it difficult to cool the plants. https://bloom.bg/3vAX7vd

🏘 International buyers bought 48% of the homes sold in London’s priciest districts in the first half of the year, new data shows. https://bloom.bg/3cYqtgC

🪖 Taiwan is bracing for Chinese military drills starting Thursday following Nancy Pelosi’s visit, while downplaying the impact on flights and shipping. https://bloom.bg/3JtiOD3

☎️ Ukrainian President Volodymyr Zelenskiy urged Chinese leader Xi Jinping to hold direct talks, noting Beijing hasn’t replied to such requests since Russia invaded his country. https://bloom.bg/3JvptwB

💥 This is the inside story of how a globetrotting tech star built and lost Zilingo, one of Asia’s most vaunted startups. https://bloom.bg/3zVFjgN

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📉 The Bank of England unleashed its biggest interest-rate hike in 27 years as it warned the UK is heading for more than a year of recession under the weight of soaring inflation. The pound fell. https://bloom.bg/3Sp8S1y

🪖 Shelling by Russian forces reportedly killed civilians in the eastern region of Donetsk as the Kremlin presses ahead with its campaign, while a US think tank says Moscow is holding a Ukrainian nuclear plant to play off Westerns fears of an atomic disaster. https://bloom.bg/3zXaW9Z

🌡️ Temperatures in southern England are set to rise as high as the mid-30 degrees Celsius (95 degrees Fahrenheit) next week as another heat wave threatens parts of Britain. https://bloom.bg/3Q544Nh

🪖 China likely fired missiles over Taiwan during military drills Thursday, Japan said. The US and Japan have condemned Beijing for its actions. https://bloom.bg/3JtiOD3

💻 A slowdown in semiconductor sales — the longest since the 2018 US-China trade war — is heightening fears of a global recession. https://bloom.bg/3SwxKES

🧳 It's getting lonely at the top of SoftBank as Masayoshi Son's executives depart in a fierce talent war. https://bloom.bg/3SsUd5t

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🏨 Hong Kong has cut mandatory hotel quarantine to three days from seven starting Friday in hopes of reviving travel. https://bloom.bg/3Q994jR

🇹🇼 Shipping in the Taiwan Strait has shown signs of returning to normal, but whether China has ended military drills is still unclear. https://bloom.bg/3bxXyzO

🇺🇸 These five states will decide if the 2024 US election can be stolen by political interference. https://bloom.bg/3zCQQQQ

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🥵 Another scorching heat wave is set to hit northwest and central Europe this week, putting further pressure on the continent’s strained power infrastructure. https://bloom.bg/3d34MMk

⚛️ The French nuclear regulator granted a temporary waiver for five nuclear plants to discharge hot water into rivers that may breach environmental standards as the nation struggles with an energy crisis. https://bloom.bg/3QpUkwJ

📉 The UK economy probably shrank for the first time since the nation was in a coronavirus lockdown at the start of 2021, adding to pressure for action from the contenders vying to take over as prime minister. https://bloom.bg/3QtsD6w

🚨 Federal investigators raided Donald Trump's Florida residence on Monday investigating whether he took classified documents from the White House when he left office. https://bloom.bg/3bM7Z2x

🪖 American defense experts are simulating the cost of a US-China military conflict over Taiwan. Their war game foresees grim results. https://bloom.bg/3zG1OFe

💸 One of the hottest bond markets of the past decade is imploding in China — and offshore investors are swallowing almost all of the losses. https://bloom.bg/3BR5zdC

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🚨 Another bout of extreme heat and dry weather set to sweep Europe has pushed France and the UK to issue fresh warnings for this week. https://bloom.bg/3Pa6lFC

🏚 London has long been a hub for Roman Abramovich’s fortune, but that foothold is crumbling as his assets are being sold or frozen following Russia’s invasion of Ukraine. https://bloom.bg/3QbRf3Q

📉 UK home buyers are stretching themselves as they struggle to purchase property, with more people saddling themselves with mortgages that will take longer than ever to pay off. https://bloom.bg/3bB4SL3