💰💰 The richest family in Asia, the Ambanis, is now twice as wealthy as the No. 2 family, the Kwoks of Hong Kong.

The issue of succession is central for most on our 2020 list of wealthiest families, but it has added importance for the Ambanis. The future of a company with almost $90 billion in annual revenue and some 195,000 employees is at stake.

Another emerging threat? The widening wealth gap during the pandemic has led to growing resentment.

See the full list of the families in Asia who control $463 billion: https://bloom.bg/33oGUes

🦁 Fears are deepening that the City of London is being “thrown to the lions” as the U.K. heads toward life outside the EU’s single market without a deal on financial services. https://bloom.bg/3o7RYEH

🌍 Energy giants dealing in renewables are displacing the oil and gas behemoths that came before them. Meet the clean supermajors. https://bloom.bg/3o8nKBr

🎮 Fancy a real life Mario Kart race in Bowser’s Castle? Japan’s new $580 million attraction, Super Nintendo World, finally has an opening date — take a peek inside. https://bloom.bg/36nH5c1

💉 Moderna plans to request clearance for its coronavirus vaccine in the U.S. and Europe on Monday: https://bloom.bg/37pwMn1

🏦 We spoke with Jane Fraser, the first woman to run a major U.S. bank, about her career and the future of finance: https://bloom.bg/33uSipi

🎁 Here are some smart financial gifts to give this holiday season: https://bloom.bg/3lmEzH5

🇨🇳🇦🇺 China’s fight with Australia just keeps getting worse — and now risks backfiring.

Last week, China imposed tariffs of up to 212% on Australian wine coming into the country, a market that accounts for nearly 40% of Australia’s total wine exports.🍷 https://bloom.bg/3o9cqVM

Tensions escalated Monday after a Chinese official tweeted a fake photo of an Australian soldier holding a knife to an Afghan child’s throat. https://bloom.bg/3msb6Nf

To Beijing, the attacks on Australia are meant to deter others like Canada and the EU from joining a U.S.-led campaign to counter China’s rise. But they could end up pushing middle powers closer to the U.S. camp, especially as Joe Biden looks to unite the country’s allies. 🇺🇸 https://bloom.bg/3lrjXNM

💉 Pfizer and partner BioNTech are seeking regulatory clearance for their Covid-19 vaccine in the European Union, putting the shot on track for potential approval there before the end of the year. https://bloom.bg/2VkckOz

🛍️ Debenhams, the U.K.’s 232-year-old department-store chain, is preparing to close its doors for good after failing to find a buyer. 12,000 jobs are at risk. https://bloom.bg/3o7fC44

🛢️ The era of peak oil is suddenly upon us. Here are 11 charts that show how oil’s bubble has burst. https://bloom.bg/39z0TuO

🦠 Covid cases in the U.S. have been found as early as December of last year, according to a study: https://bloom.bg/2JDs3Gc

💵 We asked five finance executives which pandemic shifts will permanently change the industry. Here’s what they said: https://bloom.bg/37n2npr

💳 A new Visa credit card will offer Bitcoin rewards rather than airline miles or cash: https://bloom.bg/33BbSjB

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

🇯🇵 The new wave of virus cases in Japan initially looked similar to its summer jump, which was quickly brought under control. But it’s more serious this time, and authorities are advising people to prepare for a “worst-case scenario.” https://bloom.bg/37sBqAy

📱 Xiaomi, China’s No. 2 smartphone maker, suspended trading of its Hong Kong shares without giving a reason. https://bloom.bg/37sAZGq

🇺🇸 And the U.S. Justice Department found no evidence of widespread voter fraud that could change the outcome of the 2020 election, disputing President Trump’s persistent, baseless claims. https://bloom.bg/2JzMFim

💉 U.K. regulators cleared Pfizer and BioNTech’s Covid-19 vaccine for use, getting in ahead of decisions in the U.S. and the European Union. https://bloom.bg/37qoc7A

👪 Britain is now the first western country to approve a coronavirus shot. Here’s who could get it and when. https://bloom.bg/2I0KHHn

✈️ Meanwhile rules allowing the rapid shipment of Covid shots by cargo aircraft have been approved by U.S. regulators, as the country prepares for its vaccine rollout. https://bloom.bg/3lvD6hM

Hello, here’s what we’re following:

📈 The U.S. had its deadliest day ever, with Covid fatalities topping 2,700 and hospitalizations surpassing 100,000 for the first time. Follow the latest updates: https://bloom.bg/36yIsoo

🛍 For decades, the “Made in China” label lagged behind foreign rivals in Beijing. But the pandemic has shifted how the Chinese see local brands. https://bloom.bg/33FEaJN

💹 And the U.S. House of Representatives approved restrictions on Chinese companies, including Alibaba, that could lead to them getting kicked off American exchanges. https://bloom.bg/3lCYnGi

Here’s what we’re reading right now:

💵 Singapore's richest family has shunned drama for decades. Now a feud over a China deal threatens to put a damper on its $16.5 billion empire. https://bloom.bg/2KXLVEm

📩 A co-head of Google’s Ethical Artificial Intelligence team said she was fired for sending an email that management deemed “inconsistent with the expectations of a Google manager.” https://bloom.bg/3qt4el1

📈 And here's some inspiration for your day: An intern built a billion-dollar company sparked by a passing comment from his mom. https://bloom.bg/2VBNIkA

🇬🇧 The pound whipsawed on speculation that Britain and the European Union are on the verge of sealing a trade deal, as intensive talks continue in London. https://bloom.bg/3qul96Q

🛂 The U.K. is granting the most passports to Hong Kong residents since the 1997 handover, bolstering predictions of a mass exodus as China tightens its grip over the city. https://bloom.bg/36FcWF6

🛩️ The world’s largest plane planemaker has given itself five years to develop an aircraft that doesn’t pollute the sky — and it’s betting on hydrogen. https://bloom.bg/3qvo1QO

Hello 👋 Here's what we're reading right now:

💸 Goldman Sachs is considering building a Florida base for one of its key divisions, another potential blow to New York’s status as the de facto home of the U.S. financial industry. https://bloom.bg/3lOUuyi

🌊 There’s a plan to bury Asia’s carbon emissions under the sea: https://bloom.bg/39OARDS

💹 Looking to diversify your portfolio? Here’s where experts recommend investing in Asia right now while China experiences a robust post-pandemic rebound. https://bloom.bg/3lPaWOX

🇬🇧 The U.K. warned that Brexit talks could collapse in the next few hours, as negotiators make a last-ditch push to salvage a trade deal. https://bloom.bg/2VLy0DN

🏭 Exxon has quietly shelved one of its most ambitious carbon capture projects, a technology essential to reversing climate change. https://bloom.bg/33NQKqE

💻 Apple is planning a series of new Mac processors for introduction as early as 2021 that aim to outperform Intel’s fastest PC chips. https://bloom.bg/3otpFAO

🦠 Canada has enough coronavirus vaccines secured to protect a population almost four times its size. With shots coming as soon as next week, Prime Minister Trudeau is adding another 20 million doses: https://bloom.bg/2VRwrUS

💧Water futures are now trading on Wall Street — with climate change and population growth fueling scarcity concerns: https://bloom.bg/36PDvaF

🍽 Over 110,000 restaurants across the U.S. have closed permanently or long-term as the industry awaits federal stimulus: https://bloom.bg/39RJ0aD

Hello, here’s what we’re following in Covid news right now:

🇭🇰 Hong Kong is returning to some of its toughest coronavirus restrictions. It will ban evening dine-in at restaurants and close gyms and beauty salons as cases continue to surge. https://bloom.bg/33UbwVn

💉 The U.K. plans to combine the Pfizer and AstraZeneca vaccines in a trial next year to determine whether using two shots can enhance immunity. https://bloom.bg/2JDhnYu

🎄 And Anthony Fauci warned that Christmas could pose greater risks than Thanksgiving when it comes to spreading the virus in the U.S. https://bloom.bg/3goSHin

💉 The U.K. began the western world's first Covid vaccination program on Tuesday morning. Margaret Keenan, 90, was the first person to receive the jab made by Pfizer and BioNTech. https://bloom.bg/2K4H9Ex

🇬🇧 U.K. Prime Minister Boris Johnson gave a downbeat assessment of trade talks with the EU, saying the situation is "very tricky" but he still hopes to reach a Brexit deal. https://bloom.bg/3n0rvJg

💰 "An MBA in corruption." The world's largest oil trading firm has admitted that it was paying bribes through a network of shell companies and sham contracts for years. https://bloom.bg/3gnhmna

🦠 Oxford-AstraZeneca’s coronavirus vaccine prevents severe disease, but more data is needed to show its effectiveness in people over 55 years of age: https://bloom.bg/37N7pf6

📦 UPS says it can handle Covid vaccine distribution and a holiday package surge through investments in automation and dry ice production: https://bloom.bg/2K1kMQG

🎧 Apple is launching $550 over-ear headphones to compete with Sony and Bose: https://bloom.bg/3qBb882

💰 Ray Dalio stressed the importance of diversification during a Reddit AMA on Tuesday, where he said that a “flood of money and credit” was unlikely to recede. https://bloom.bg/2VR9xgi

📱 The Robinhood app is losing thousands of day traders to a Chinese rival called Webull. The company has plans to pursue a big funding round from private U.S. investors. https://bloom.bg/39TkKoB

🏦 Got an idea for an acquisition? Bring it to Jamie Dimon. The JPMorgan CEO asked bankers to call him with their M&A ideas during a conference this week. https://bloom.bg/2IxXilM

🇨🇳 China's state-backed Covid-19 vaccine protected 86% of people against in trials in the United Arab Emirates. The jab can be transported and stored at normal refrigerated temperatures, an advantage in the developing world. https://bloom.bg/3oAUUtF

💷 A one-off 5% wealth tax in the U.K. could raise more than 260 billion pounds ($348 billion), according to experts. The country faces the largest deficit in peacetime history as the pandemic continues. https://bloom.bg/3qFjRGm

🎄 And Amsterdam is cracking down on garish Christmas lights. Holiday displays in the Dutch capital may soon require municipal approval — and lights must be overwhelmingly “warm white,” says a new city guide. https://bloom.bg/2JN5E9H

🦠 Operation Warp Speed is credited with shaving years off the typical development timeline for vaccines, but 31 countries around the globe have more Covid-19 vaccines reserved per capita than the U.S.: https://bloom.bg/3qGinvx

💉 Pfizer says documents submitted to Europe’s top drug regulator regarding its coronavirus vaccine were targeted in a cyber-attack: https://bloom.bg/2IxHRKd

💬 Mark Zuckerberg wants private messaging to be the foundation of Facebook’s future. Here’s how the purchase of WhatsApp could further that goal: https://bloom.bg/39XpWI4