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πŸ‡ΊπŸ‡ΈπŸ‡΅πŸ‡­ US President Joe Biden will meet with his Philippine counterpart Ferdinand Marcos Jr., the first time the two countries’ leaders will do so since 2017. https://trib.al/Byx9QSM

πŸ–οΈ Ken Griffin, the Citadel founder worth $29.6 billion, has ditched Chicago for "Wall Street South." But not everyone in Miami is so welcoming. https://trib.al/4WWsyrm

πŸŒπŸ’° Dream of working in Asia, potentially tax-free? Here's your ultimate guide to the region's golden visas. https://trib.al/dGDUzqY
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🏦 With its third straight jumbo hike, the Fed gave its clearest signal yet it's willing to tolerate a recession to control inflation. The result has been turmoil in markets and currencies ahead of a slew of more central bank decisions on Thursday. Follow the latest: https://bloom.bg/3DNAQPF

πŸͺ– Ukraine’s military has grabbed dozens of tanks left by fleeing Russian troops in the east, adding crucial weaponry to its arsenal after nearly seven months of war. https://bloom.bg/3qYBKBk

πŸ•³ A great copper squeeze is coming for the global economy. Miners are warning a massive shortfall will emerge in the world's most critical metal, used in everything from computer chips to air conditioners. https://bloom.bg/3dyk6Bj
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πŸ‡­πŸ‡° Hong Kong is expected to announce an end to hotel quarantine Friday afternoon, a day after Japan said it would restore visa-free travel in October. https://trib.al/LfZaQ1N

πŸ’Έ As the Fed's intensifying fight against inflation sinks every asset on Wall Street, investors are asking: Why buy now when things could get cheaper still? https://trib.al/9A05uHS

😷 Here’s what life is like in the world’s most locked-down city. https://trib.al/zl8JK5t
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πŸ›‘ Interpol has issued a Red Notice to locate and arrest fugitive Terraform Labs co-founder Do Kwon, South Korea says. https://bloom.bg/3dGFgxf

πŸ“‰ The pound plunged over 4.5% to a record low after the UK vowed to press on with more tax cuts. https://bloom.bg/3r7aelb

πŸ™οΈ New York City’s empty offices reveal a global property dilemma. Its decades-old towers are too outdated to attract tenants seeking the latest amenities and too new to be demolished. https://bloom.bg/3fmcu5z
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πŸ“‰ The S&P 500 on Monday sank to its lowest since December 2020, and the selloff on Wall Street is deepening as one research firm's modeling predicts a 98% chance of global recession. https://bloom.bg/3RinBtr

πŸ’Έ After the pound tumbled to a record low, speculators are now betting it will slide to $1 or less, virtually unthinkable decades ago. https://bloom.bg/3UEOpXN

πŸ‘€ Terra's Do Kwon has denied being in hiding after South Korean authorities said Interpol had issued a red notice for his arrest. https://bloom.bg/3LJyof9
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πŸ‡·πŸ‡Ί Russia declared victory in sham "referendums" to annex occupied Ukrainian land after a string of humiliating military setbacks. https://bloom.bg/3E10e4C

β›½ This comes as Nord Stream gas pipelines were damaged in suspected sabotage, stoking an energy crunch that could hit Europe harder than the global financial crisis. https://bloom.bg/3Cg4g7X

πŸ“±Apple walked back on plans to produce more new iPhones this year after an anticipated surge in demand failed to come true. https://bloom.bg/3SlWcIj
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πŸ“ˆ Global markets just saw their best day since April 2020, sparked by the Bank of England's dramatic intervention. The movements, including a 3% jump in the pound from Wednesday's low, underscore how every asset remains at the mercy of monetary officials. https://bloom.bg/3LSNqiH

πŸ‡¬πŸ‡§ Britain is in a self-inflicted financial crisis that threatens to accelerate the economy’s dive into recession. Now investors wonder if the new government can restore its credibility. https://bloom.bg/3BQBgCl

πŸ‡­πŸ‡° Meanwhile, a high-stakes negotiation with US inspectors is taking place in Hong Kong as Chinese firms race to avoid being delisted on Wall Street. https://bloom.bg/3BWzyiK
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🎒 The pound erased its losses after a roller-coaster week that saw the currency slide to a record low on the announcement of UK tax cuts. https://bloom.bg/3fphZQN

πŸ–‹οΈ Vladimir Putin is expected to sign treaties on Friday to annex four regions in eastern and southern Ukraine, intensifying tensions with the US and its allies. https://bloom.bg/3LS1c5c

πŸ’Έ Fed Chair Jerome Powell needs investors to lose money. The pain they're feeling ultimately makes the US central bank's job easier. https://bloom.bg/3fwFozK
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πŸ‡§πŸ‡· Brazil President Jair Bolsonaro will face Luiz Inacio Lula da Silva in a runoff on Oct. 30 after the leftist challenger fell short of an outright win. https://bloom.bg/3y6ZBCY

πŸ“† Credit Suisse's new chief has asked investors for less than 100 days to deliver a new turnaround plan, but the ongoing market turmoil is not making it any easier. https://bloom.bg/3BUcZva

πŸ’° Here's how America's millionaires use a loophole to get tax breaks while delaying charitable donations. https://bloom.bg/3Crexhz
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πŸ‡°πŸ‡΅ North Korea fired a missile over Japan for the first time since 2017, prompting a rare public safety warning and further raising tensions over Kim Jong Un’s nuclear program. https://bloom.bg/3SAIAZN

πŸ’Έ The stocks rally that supercharged Gautam Adani's fortune may be set for a reversal, with one analyst warning the shares are "dangerously overbought." https://bloom.bg/3SVL6tk

πŸ’‰ Pfizer wants to continue its success post-Covid, but it won't be an easy feat. https://bloom.bg/3ydoBYZ
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πŸ’Έ Elon Musk revived his bid for Twitter at the original offer price, and https://bloom.bg/3CzBtLV for the app is looking a lot like China's messaging superapp, WeChat. https://bloom.bg/3fx4KgW

πŸ₯ There's a bidding war for nurses as shortages are being felt across the globe. But relaxing immigration policies won't be enough to plug the gap. https://bloom.bg/3yjh3nQ

πŸ‡¨πŸ‡³ More conservative, more controlled and more isolated. Welcome to Xi Jinping's reshaped China. https://bloom.bg/3M5Vr3M
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πŸ“ƒ Trump said he's not responsible for classified material being found at Mar-a-Lago because a federal agency packed the boxes. But newly released emails show otherwise. https://bloom.bg/3M9L5jk

πŸ”‘ A chipmaking startup may hold the key to helping Huawei get around US sanctions. https://bloom.bg/3RzhMbe

πŸ‡¨πŸ‡³ Here are six ways to tell if Chinese President Xi Jinping wins or loses at the upcoming party congress. https://bloom.bg/3CcUUJ1
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πŸ›οΈ The court case against Elon Musk over his $44 billion purchase of Twitter was halted, giving the parties until Oct. 28 to complete the deal. https://bloom.bg/3VcjMJi

πŸ’Έ Roughly $100 million of Binance Coin was stolen in what may be one of crypto's highest-profile hacks. https://bloom.bg/3eaVuPk

πŸ‡¨πŸ‡³ As China's Xi marches toward his precedent-busting third term in power, predictions abound that he’ll ease policies. There’s little sign any such shift is in the works. https://bloom.bg/3SN6OAq
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πŸ’₯ Putin accused Ukraine of carrying out an attack that badly damaged a key bridge linking annexed Crimea to the Russian mainland. https://bloom.bg/3T3Lje4

🏦 Goldman Sachs wanted to build a digital bank for the everyman, but it's now reining in the ambition. https://bloom.bg/3eqnI8K

πŸ‡¨πŸ‡³ Signs are emerging that patience is wearing thin at Chinese President Xi Jinping's strict Covid-19 measures. https://bloom.bg/3yt7bYt
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πŸ“‰ Chipmaker stocks across Asia are plunging, with Taiwan's TSMC sliding more than 7% and Samsung down as much as 3.9%, after US curbs on China. https://bloom.bg/3CNaTyL

πŸ‡·πŸ‡Ί Russian firms shut out of Western financial hubs are looking to Hong Kong in a bid to avoid sanctions. https://bloom.bg/3SPWUhq

πŸͺ™ China’s crypto crackdown a year ago seemed set to wipe out the domestic industry. That’s not quite how things played out. https://bloom.bg/3fY3ZO6
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πŸ”­ President Joe Biden says a US recession is possible but that any downturn would be β€œvery slight,” adding the economy is resilient enough to ride out the turbulence. https://bloom.bg/3TdxIRB

πŸ›‘ Bank of England chief Andrew Bailey set the stage for further pressure on UK assets and beyond, warning fund managers they have "three days left" before the central bank ends its market support. https://bloom.bg/3SYG28i

πŸ₯½ Meta unveiled its new VR headset: a $1,500 device called the Quest Pro that's not just for gamers. https://bloom.bg/3Mnhtzc
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πŸ›’οΈ US officials fear their plan to cap the price of Russian oil is at risk of failing after the OPEC+ output cut, sources say. https://bloom.bg/3yxR4sM

🫧 China's bursting housing bubble will rock the economy for years. https://bloom.bg/3yyxs84

πŸ‘€ These are the seven Senate races that will make or break Joe Biden's agenda: https://bloom.bg/3rRoGy0
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πŸ‡¨πŸ‡³ China kicks off its twice-a-decade Communist Party meeting this weekend, where it shapes plans for the next five years. Here's what you need to know:

Xi Jinping climbed to the center of China’s political universe by rewriting the rules. He’ll have to break at least three key ones to ensure power revolves around him for years to come. https://bloom.bg/3VfY5Zb

Will China leapfrog the US as an economic power? We plot out four scenarios β€” and they show it may take Beijing a long time. https://bloom.bg/3MotcNT

And the moment to watch is when Xi and his officials stride along a red carpet after the Party congress ends. Only then will the world know who will rule the country for the next half decade. https://bloom.bg/3Cun02e
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πŸ‘‹ Hi, let's unpack Xi Jinping's big speech on Sunday at China's party congress:

πŸ‡¨πŸ‡³ At the opening of the Communist Party's twice-a-decade leadership summit, President Xi let the world know that China wouldn’t change course even as it faces β€œdangerous storms.” https://bloom.bg/3CB9lGN

πŸ“’ Xi had a clear message to those who want to thwart China’s rise: You will fail. https://bloom.bg/3Mz9MpO

πŸ’» Laying out China's priorities, he vowed to speed up innovation in areas key to "technology self-reliance" after the US limited the sale of chips to the country. https://bloom.bg/3Vr58yd

πŸ‡ΉπŸ‡ΌπŸ‡­πŸ‡° Taiwan, Hong Kong and Covid Zero were other major themes. Here are the takeaways from the two-hour speech: https://bloom.bg/3MQOuUV

πŸ“‰ The market response so far has been disappointment. The benchmark CSI 300 Index slid nearly 1% early Monday, and a gauge of Chinese equities listed in Hong Kong also traded lower. https://bloom.bg/3MA3QNc
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πŸ‡ΉπŸ‡Ό China has made a decision to seize Taiwan on a β€œmuch faster timeline” than previously thought, US Secretary of State Antony Blinken said. https://bloom.bg/3MC8eeF

πŸ‘€ A sanctioned tycoon once dubbed the Myanmar junta’s β€œNo. 1 crony businessman” is enjoying the good life in Singapore. https://bloom.bg/3s6n8jX

🌾 See how Russian ships are laundering grains stolen from Ukraine and covering their tracks. https://bloom.bg/3MBOXtS
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