🌴 The successes and failures of China’s Great Green Wall provide an invaluable model for today’s reforestation efforts. https://bloom.bg/33p5hb3
💰 Saudi’s oil giant Aramco is once again the world’s most valuable company. https://bloom.bg/3ho2qnO
🏚 Intolerable living conditions are pulling Zimbabwe apart at the seams. https://bloom.bg/35ylkWM
💰 Saudi’s oil giant Aramco is once again the world’s most valuable company. https://bloom.bg/3ho2qnO
🏚 Intolerable living conditions are pulling Zimbabwe apart at the seams. https://bloom.bg/35ylkWM
Bloomberg.com
China’s 40-Year, Billion-Tree Project Is a Lesson for the World
Its successes and failures provide an invaluable model for today's reforestation efforts.
Hello, here's what we're following right now:
🏢 Part of the reason JPMorgan is urging workers to return to offices? The bank found that employees’ productivity slipped at home, especially on Mondays and Fridays. Maybe you can relate. https://bloom.bg/35zoyta
💻 One of the largest websites promoting QAnon conspiracy theories abruptly shut down after a New Jersey man was identified as its developer. https://bloom.bg/3iyV7el
👀🍎 And here’s what to watch during Apple’s first major launch event of 2020 on Tuesday: https://bloom.bg/3kj1cvQ
🏢 Part of the reason JPMorgan is urging workers to return to offices? The bank found that employees’ productivity slipped at home, especially on Mondays and Fridays. Maybe you can relate. https://bloom.bg/35zoyta
💻 One of the largest websites promoting QAnon conspiracy theories abruptly shut down after a New Jersey man was identified as its developer. https://bloom.bg/3iyV7el
👀🍎 And here’s what to watch during Apple’s first major launch event of 2020 on Tuesday: https://bloom.bg/3kj1cvQ
🤒 How were hundreds of infected cruise passengers allowed to disembark and fly home? This is the story of the cruise ship that spread coronavirus around the world. https://bloom.bg/3iCkyvC
At about 6 a.m. on March 19, William Wright, a retired Australian mortgage broker, woke up feeling a little off. He had a cough and his nose was running, though it didn’t seem too bad. In any case, there was no time to linger in bed. Wright and his wife, Lucia, had just docked in Sydney after a 10-day journey around New Zealand on the Ruby Princess, a 950-foot, 1,542-cabin vessel operated by Carnival Corp.’s Princess Cruises subsidiary. The couple’s disembarkation time was 8:05 a.m., so they quickly packed up and had breakfast.
By 8:30 the Wrights were on the street, where 2,600-plus passengers had begun filtering into taxis, commuter trains, and densely packed airport buses.
The decision to allow the Ruby to dock would have profound consequences. The ship turned out to be the single most important vector for the coronavirus in Australia, accounting at one point for more than 10% of the country’s cases.
At about 6 a.m. on March 19, William Wright, a retired Australian mortgage broker, woke up feeling a little off. He had a cough and his nose was running, though it didn’t seem too bad. In any case, there was no time to linger in bed. Wright and his wife, Lucia, had just docked in Sydney after a 10-day journey around New Zealand on the Ruby Princess, a 950-foot, 1,542-cabin vessel operated by Carnival Corp.’s Princess Cruises subsidiary. The couple’s disembarkation time was 8:05 a.m., so they quickly packed up and had breakfast.
By 8:30 the Wrights were on the street, where 2,600-plus passengers had begun filtering into taxis, commuter trains, and densely packed airport buses.
The decision to allow the Ruby to dock would have profound consequences. The ship turned out to be the single most important vector for the coronavirus in Australia, accounting at one point for more than 10% of the country’s cases.
Bloomberg.com
The Carnival Cruise Ship That Spread Coronavirus Around the World
How were hundreds of infected Ruby Princess passengers allowed to disembark in Sydney and return to homes from Tasmania to Florida?
💉Bill Gates says the FDA and CDC’s reputations as global leaders is in question because the Trump administration has downplayed or dismissed science for pursuit of political gain: https://bloom.bg/35Gt7ls
🏛The WTO ruled that the U.S. tariffs on Chinese goods violated trade laws: https://bloom.bg/3mtuhH8
🔴 Louisville, Kentucky agreed to pay the family of Breonna Taylor a $12 million settlement and enact a series of reforms as part of the largest police misconduct payout in the city’s history after officers shot and killed the unarmed Black woman in her home in March: https://bloom.bg/32Amkbc
🏛The WTO ruled that the U.S. tariffs on Chinese goods violated trade laws: https://bloom.bg/3mtuhH8
🔴 Louisville, Kentucky agreed to pay the family of Breonna Taylor a $12 million settlement and enact a series of reforms as part of the largest police misconduct payout in the city’s history after officers shot and killed the unarmed Black woman in her home in March: https://bloom.bg/32Amkbc
🇦🇺☀ Sydney’s new suburbs are too hot for people to live in. We’re talking 50 degrees Celsius (122 degrees Fahrenheit) hot. https://bloom.bg/3c4eYzJ
🏃♀️What would it take for you to exercise more? Singapore plans to pay citizens up to $280 to keep healthy with the Apple Watch. https://bloom.bg/3c2dmX0
💉 Few countries have embraced the possibility of a Covid-19 vaccine more fervently than Indonesia, home to the second-worst outbreak in Asia. That’s helped make it a testing ground for a Chinese vaccine candidate. https://bloom.bg/32wwl9e
🏃♀️What would it take for you to exercise more? Singapore plans to pay citizens up to $280 to keep healthy with the Apple Watch. https://bloom.bg/3c2dmX0
💉 Few countries have embraced the possibility of a Covid-19 vaccine more fervently than Indonesia, home to the second-worst outbreak in Asia. That’s helped make it a testing ground for a Chinese vaccine candidate. https://bloom.bg/32wwl9e
🏭 Europe’s leaders propose hiking the bloc’s emissions-cutting goal from 40% to at least 55% by 2030. https://bloom.bg/3cf8qyt
💰 BP Plc offers a glimpse into its secretive trading arm, suggesting it makes annual returns of as much as $2.5 billion. https://bloom.bg/35JROgO
🎮 You can expect some new games from Nintendo this year and beyond as the company prepares to give its Switch gaming console a boost. https://bloom.bg/3hyRrrJ
💰 BP Plc offers a glimpse into its secretive trading arm, suggesting it makes annual returns of as much as $2.5 billion. https://bloom.bg/35JROgO
🎮 You can expect some new games from Nintendo this year and beyond as the company prepares to give its Switch gaming console a boost. https://bloom.bg/3hyRrrJ
Bloomberg.com
Europe Pitches Massive Economic Overhaul in New Climate Plan
The European Union’s executive proposed toughening the bloc’s targets for fighting climate change in a move to cut industrial pollution and spur a green economic recovery.
🤳 Here’s the latest on the TikTok saga:
Donald Trump said he doesn’t like what he’s heard about the terms of Oracle’s deal with the Chinese-owned video app TikTok, but he hasn’t been briefed on the details yet. https://bloom.bg/35JncfB
Top officials in his administration raised concerns that Oracle’s bid poses a risk to national security. They’re worried TikTok’s parent company, Bytedance, would be able to access the data of around 100 million users in the U.S. — even though Oracle would get full access to their source code to make sure there aren’t back doors.
The agreement is still on the table. Keep reading: https://bloom.bg/2Rzhq7U
Donald Trump said he doesn’t like what he’s heard about the terms of Oracle’s deal with the Chinese-owned video app TikTok, but he hasn’t been briefed on the details yet. https://bloom.bg/35JncfB
Top officials in his administration raised concerns that Oracle’s bid poses a risk to national security. They’re worried TikTok’s parent company, Bytedance, would be able to access the data of around 100 million users in the U.S. — even though Oracle would get full access to their source code to make sure there aren’t back doors.
The agreement is still on the table. Keep reading: https://bloom.bg/2Rzhq7U
✈️ What’s moving markets today? The spotlight’s on the Bank of England’s monetary decision, the escalation of LVMH’s fight with Tiffany and Boeing’s 737 MAX crashes. https://bloom.bg/3c4e5XW
📦 Matthew Moulding’s online retail business almost destroyed his personal finances. Today it’s making him rich. https://bloom.bg/2FOhE8I
🖩 Dubai may be as indebted as South Africa. It just depends who’s counting. https://bloom.bg/3c80MG3
📦 Matthew Moulding’s online retail business almost destroyed his personal finances. Today it’s making him rich. https://bloom.bg/2FOhE8I
🖩 Dubai may be as indebted as South Africa. It just depends who’s counting. https://bloom.bg/3c80MG3
Bloomberg
Five Things You Need to Know to Start Your Day
Get up to speed with what's moving markets
📱Oracle and ByteDance have accepted new terms from the U.S. Treasury on Oracle’s purchase of TikTok’s American operations: https://bloom.bg/3kEIEGT
📣Employees at Facebook fear CEO Mark Zuckerberg’s commitment to free speech is more about protecting President Trump than the company’s ideals: https://bloom.bg/33Hwvd6
🏙If there is a perception that the pandemic has ushered in a mass migration out of cities, it is not supported by the data: https://bloom.bg/3ktdG4k
📣Employees at Facebook fear CEO Mark Zuckerberg’s commitment to free speech is more about protecting President Trump than the company’s ideals: https://bloom.bg/33Hwvd6
🏙If there is a perception that the pandemic has ushered in a mass migration out of cities, it is not supported by the data: https://bloom.bg/3ktdG4k
🚢 Hundreds of thousands of sailors are stranded at sea. Some have been there since last year, and all are at the mercy of government restrictions and employers to get home again.
The worst shipping crisis in decades has put lives and trade at risk. On one ship, a crew had to store their dead captain's corpse in the freezer for nearly two weeks after he suffered a heart attack.
In interviews with Bloomberg News, more than 40 seafarers on 20 vessels around the world detailed worsening working conditions. Read their stories: https://bloom.bg/33TvKOv
The worst shipping crisis in decades has put lives and trade at risk. On one ship, a crew had to store their dead captain's corpse in the freezer for nearly two weeks after he suffered a heart attack.
In interviews with Bloomberg News, more than 40 seafarers on 20 vessels around the world detailed worsening working conditions. Read their stories: https://bloom.bg/33TvKOv
🦠 The U.K. refuses to rule out a second national lockdown as Covid-19 cases surge again. https://bloom.bg/2EbMtU8
📱 Facebook is being sued for allegedly spying on Instagram users through unauthorized use of their phone cameras. https://bloom.bg/3hJpGg2
🧑🎓 Japan’s college graduates get just one shot at their dream job. This year, they may not even get that. https://bloom.bg/3mxcZIS
📱 Facebook is being sued for allegedly spying on Instagram users through unauthorized use of their phone cameras. https://bloom.bg/3hJpGg2
🧑🎓 Japan’s college graduates get just one shot at their dream job. This year, they may not even get that. https://bloom.bg/3mxcZIS
Bloomberg.com
Johnson Warns of More Curbs as Britain’s Virus Cases Surge
Boris Johnson said he’s considering whether to “go further” with national restrictions after a surge in coronavirus infections in the U.K. raised the specter of another economy-sapping lockdown.
📱 As of Sunday, the Trump administration is banning new downloads of TikTok and WeChat in the U.S.: https://trib.al/eCQs1oM
🇻🇳 These pieces of Vietnam's history have survived wars and revolutions. Now they're under pressure from a modernizing economy: https://trib.al/CAqND7F
🛶 Silicon Valley's elite have descended in droves on Lake Tahoe — and it's drastically transformed the area in a matter of months:
https://trib.al/ENKJkgH
🇻🇳 These pieces of Vietnam's history have survived wars and revolutions. Now they're under pressure from a modernizing economy: https://trib.al/CAqND7F
🛶 Silicon Valley's elite have descended in droves on Lake Tahoe — and it's drastically transformed the area in a matter of months:
https://trib.al/ENKJkgH
Bloomberg
Trump Backs Threats Against China With TikTok, WeChat Bans
The Trump administration made good on longstanding threats to take action against Chinese internet giants in the U.S. by issuing a ban on WeChat and TikTok from Apple Inc. and Google’s app stores.
📳 President Donald Trump is celebrating a TikTok deal — even if it falls short of his demands. The app's owner, ByteDance, emphasized it will remain in control of the business and that there could be no $5 billion payout for the U.S. after all. https://bloom.bg/3kwAgZR
🇮🇳 The world’s biggest lockdown is choking Indian gold-smuggling routes. As much as 120 tons of the precious metal were illegally shipped into the country last year, the World Gold Council estimates; an expert forecasts this year's total may be 25 tons. https://bloom.bg/3hQb7Y6
🏆 HBO won 30 awards at the Emmys, the most of any network, with accolades for “Succession" and "Watchmen." Netflix, which set a record for the most nominations of any network, struck out again on the top prizes. https://bloom.bg/3cf3f1p
🇮🇳 The world’s biggest lockdown is choking Indian gold-smuggling routes. As much as 120 tons of the precious metal were illegally shipped into the country last year, the World Gold Council estimates; an expert forecasts this year's total may be 25 tons. https://bloom.bg/3hQb7Y6
🏆 HBO won 30 awards at the Emmys, the most of any network, with accolades for “Succession" and "Watchmen." Netflix, which set a record for the most nominations of any network, struck out again on the top prizes. https://bloom.bg/3cf3f1p
📉 European stocks dropped the most since July on concern of further lockdowns. https://bloom.bg/2RLDNqY
🏎️ It’s ‘’all hands on deck,’’ Elon Musk told employees in a message to rally Tesla’s troops toward a record quarter. https://bloom.bg/32QRICp
🚘 After a report that the electric-vehicle startup Nikola was the focus of a U.S. regulator investigation, the company’s founder stepped down as executive chairman. https://bloom.bg/2RHMBhm
🏎️ It’s ‘’all hands on deck,’’ Elon Musk told employees in a message to rally Tesla’s troops toward a record quarter. https://bloom.bg/32QRICp
🚘 After a report that the electric-vehicle startup Nikola was the focus of a U.S. regulator investigation, the company’s founder stepped down as executive chairman. https://bloom.bg/2RHMBhm
Bloomberg.com
European Stocks Fall Most Since June on Fears Over Lockdowns
European stocks tumbled the most since June 11 on Monday, hit by mounting worries there could be new lockdowns as coronavirus cases surge, while banks slumped after a cache of leaked documents suggested increased scrutiny on suspect transactions.
✈️ Airbus unveiled three designs it’s studying to build hydrogen-powered aircraft for zero-emission flights: https://trib.al/jPB07Pr
🏛 Trump says he’s choosing among 4 or 5 women to replace Ruth Bader Ginsburg on the Supreme Court, and will announce his nominee Friday or Saturday: https://trib.al/2klgGjd
😷 Britain is on track for 50,000 new virus cases a day if urgent steps are not taken, the government’s top scientific adviser said: https://trib.al/iq4WZ1J
🏛 Trump says he’s choosing among 4 or 5 women to replace Ruth Bader Ginsburg on the Supreme Court, and will announce his nominee Friday or Saturday: https://trib.al/2klgGjd
😷 Britain is on track for 50,000 new virus cases a day if urgent steps are not taken, the government’s top scientific adviser said: https://trib.al/iq4WZ1J
Bloomberg.com
Airbus Unveils Hydrogen Designs for Zero-Emission Flight
European planemaker Airbus SE unveiled three designs it’s studying to build hydrogen-powered aircraft as it races to bring a zero-carbon passenger plane into service by 2035.
💉 An $18 billion initiative to deploy future Covid-19 vaccines around the world is moving into the next phase, with 156 countries and regions taking part in the program. But for now, China is joining the U.S. on the sidelines. https://bloom.bg/3iU5tFJ
💵 Broke millennials are turning to day trading to strike it rich. “In Korea, us 20-somethings only have two ways to get rich: Either we win the lottery or trade shares," says a 27-year-old hospital worker who's currently betting on U.S. tech stocks. https://bloom.bg/2FSrztY
🔢 And here's why the math doesn't add up on TikTok's deal with Oracle and Walmart. https://bloom.bg/2ZXQROt
💵 Broke millennials are turning to day trading to strike it rich. “In Korea, us 20-somethings only have two ways to get rich: Either we win the lottery or trade shares," says a 27-year-old hospital worker who's currently betting on U.S. tech stocks. https://bloom.bg/2FSrztY
🔢 And here's why the math doesn't add up on TikTok's deal with Oracle and Walmart. https://bloom.bg/2ZXQROt
🍺 The U.K. public is told to work at home, and pubs will have to close by 10 p.m. from Thursday as the government acts to halt a surge in the coronavirus. https://bloom.bg/2HnaskB
🖨️ Apple employees working at home so impressed CEO Tim Cook that he says some things “work really well virtually.” https://bloom.bg/32P6vNR
📱 Reliance Industries is aiming to remake India’s smartphone industry with a $50 device. https://bloom.bg/3hRD41O
🖨️ Apple employees working at home so impressed CEO Tim Cook that he says some things “work really well virtually.” https://bloom.bg/32P6vNR
📱 Reliance Industries is aiming to remake India’s smartphone industry with a $50 device. https://bloom.bg/3hRD41O
Bloomberg.com
U.K. Public Told to Work at Home as Covid Closes Pubs Early
The U.K. government is telling the public to work from home again if possible, as Prime Minister Boris Johnson prepares to announce new restrictions on bars and restaurants in a bid to halt a surge in coronavirus cases.
🦠 The U.S. death toll from the coronavirus exceeded 200,000, a grim milestone that comes eight months after the pathogen was first confirmed on American soil: https://trib.al/zQiN9x4
🚔 Of 34 major U.S. cities analyzed by Citylab, over half have actually increased or left their police budgets intact for 2021: https://trib.al/t6Viucp
💉 The Covid-19 vaccine trial designed by Pfizer may allow them to find whether their shot works before their fastest-moving rivals: https://trib.al/XH702JN
🚔 Of 34 major U.S. cities analyzed by Citylab, over half have actually increased or left their police budgets intact for 2021: https://trib.al/t6Viucp
💉 The Covid-19 vaccine trial designed by Pfizer may allow them to find whether their shot works before their fastest-moving rivals: https://trib.al/XH702JN
Bloomberg
U.S. Cases Rise 0.7%; Death Toll Exceeds 200,000: Virus Update
The U.S. death toll from the novel coronavirus exceeded 200,000, a grim milestone that comes eight months after the pathogen was first confirmed on American soil.
🇺🇸 The U.S. House passed a funding bill to avoid a government shutdown before the election and keep things running until Dec. 11. The measure heads to the Senate. https://bloom.bg/33VuhHa
🚗 Tesla plans to build a $25,000 electric car that will be ready in about three years and will be fully autonomous, Elon Musk says. The cheaper price tag will come from cutting the cost of batteries. https://bloom.bg/3mIE3VK
💰 And finally, Singapore and Hong Kong were the biggest destinations for suspicious transactions in Asia, even though they saw just a small fraction of an estimated $2 trillion in potentially dodgy money flows revealed in a report. https://bloom.bg/3iWpMlY
🚗 Tesla plans to build a $25,000 electric car that will be ready in about three years and will be fully autonomous, Elon Musk says. The cheaper price tag will come from cutting the cost of batteries. https://bloom.bg/3mIE3VK
💰 And finally, Singapore and Hong Kong were the biggest destinations for suspicious transactions in Asia, even though they saw just a small fraction of an estimated $2 trillion in potentially dodgy money flows revealed in a report. https://bloom.bg/3iWpMlY
🇬🇧 JPMorgan is moving about 200 billion euros ($230 billion) from the U.K. to Frankfurt as a result of Brexit. https://bloom.bg/2G6JhJW
🐜 Jack Ma’s Ant plans a $17.5 billion IPO in Hong Kong, one of the largest equality deals in the financial hub, according to people familiar with the matter. https://bloom.bg/2RScT0o
📈 A 32-year-old finance tycoon from an obscure stock market has become a billionaire after his firm’s commission income surged 51-fold. https://bloom.bg/3hX7uzG
🐜 Jack Ma’s Ant plans a $17.5 billion IPO in Hong Kong, one of the largest equality deals in the financial hub, according to people familiar with the matter. https://bloom.bg/2RScT0o
📈 A 32-year-old finance tycoon from an obscure stock market has become a billionaire after his firm’s commission income surged 51-fold. https://bloom.bg/3hX7uzG
Bloomberg
JPMorgan to Move $230 Billion Assets to Germany Under Brexit
JPMorgan Chase & Co. is moving about 200 billion euros ($230 billion) from the U.K. to Frankfurt as a result of Britain’s exit from the European Union, a shift that will make it one of the largest banks in Germany.