🇨🇳 Despite global criticism, China is continuing to expand its network of more than 300 detention camps in the region of Xinjiang, a new report shows. https://bloom.bg/32XZr1C
💧 Meanwhile, a bottled-water and vaccine tycoon became China’s wealthiest person. Zhong Shanshan's fortune has jumped $51.9 billion in 2020, more than anyone else except Jeff Bezos and Elon Musk. https://bloom.bg/33TwByy
✈️ And finally, Qantas Airways is selling $1,000 fully stocked bar carts from its retired 747s. The deal includes 80 mini bottles of wine, champagne and pajamas. https://bloom.bg/305onCd
💧 Meanwhile, a bottled-water and vaccine tycoon became China’s wealthiest person. Zhong Shanshan's fortune has jumped $51.9 billion in 2020, more than anyone else except Jeff Bezos and Elon Musk. https://bloom.bg/33TwByy
✈️ And finally, Qantas Airways is selling $1,000 fully stocked bar carts from its retired 747s. The deal includes 80 mini bottles of wine, champagne and pajamas. https://bloom.bg/305onCd
🏢 The U.K. plans to protect jobs and businesses as the pandemic forces the country to readopt emergency measures. https://bloom.bg/2G2HINi
🏆 A year after winning the Nobel Peace Prize, Ethiopia Prime Minister Abiy Ahmed is struggling to keep peace at home. https://bloom.bg/3mPjMhq
✈️ Lockheed Martin’s F-35 fighter jets are luring buyers even though simulated combat tests may be delayed yet again. https://bloom.bg/369bOdb
🏆 A year after winning the Nobel Peace Prize, Ethiopia Prime Minister Abiy Ahmed is struggling to keep peace at home. https://bloom.bg/3mPjMhq
✈️ Lockheed Martin’s F-35 fighter jets are luring buyers even though simulated combat tests may be delayed yet again. https://bloom.bg/369bOdb
Bloomberg.com
Virus Forces Sunak to Spend More on Saving U.K. Jobs, Firms
Chancellor of the Exchequer Rishi Sunak will set out a new crisis plan to protect jobs and rescue businesses as the coronavirus outbreak forces the U.K. to return to emergency measures.
🦠 The U.S. government’s description of a final coronavirus vaccine it plans to add to its multi-billion dollar “Operation Warp Speed” program closely matches the details of experimental inoculations being developed by Merck: https://bloom.bg/3cw3uVG
👕 Kanye West threatened to withhold his Yeezy Gap line unless he has a board seat: https://bloom.bg/366lVzg
🥂 Making wine in Lebanon has never been easy. But with every bottle exported, a bit of hope and resilience follows the disaster in Beirut: https://bloom.bg/2GbFP0H
👕 Kanye West threatened to withhold his Yeezy Gap line unless he has a board seat: https://bloom.bg/366lVzg
🥂 Making wine in Lebanon has never been easy. But with every bottle exported, a bit of hope and resilience follows the disaster in Beirut: https://bloom.bg/2GbFP0H
💡This is why Covid-19 may be life-threatening for some patients. Scientists discover that insufficient amounts of proteins called interferons may lead to severe infections
— but that also holds clues for a possible treatment. https://bloom.bg/3csdO1d
✈️ Want to fly a Boeing? One airline is opening its simulators to the public, charging $381 for a 30-minute session for two people. https://bloom.bg/2GaZr53
🌳 And lastly, China is building eco-friendly cities with fresh air, clean water and beautiful landscaping. So why are they struggling to attract residents? Explore: https://bloom.bg/33WRSaH
— but that also holds clues for a possible treatment. https://bloom.bg/3csdO1d
✈️ Want to fly a Boeing? One airline is opening its simulators to the public, charging $381 for a 30-minute session for two people. https://bloom.bg/2GaZr53
🌳 And lastly, China is building eco-friendly cities with fresh air, clean water and beautiful landscaping. So why are they struggling to attract residents? Explore: https://bloom.bg/33WRSaH
🇰🇵 Kim Jong Un makes a rare apology for a killing by North Korea’s military, saying he is “very sorry” for the shooting of a South Korean national and the burning of his corpse. https://bloom.bg/3mPMkaz
🛥 The U.K.’s richest person, Brexit-backing billionaire Jim Ratcliffe, is now a Monaco resident. https://bloom.bg/2S00UOA
🏡 Sales of million-pound homes soar as Britain’s rich change their lifestyle after lockdown. https://bloom.bg/3kM6EYr
🛥 The U.K.’s richest person, Brexit-backing billionaire Jim Ratcliffe, is now a Monaco resident. https://bloom.bg/2S00UOA
🏡 Sales of million-pound homes soar as Britain’s rich change their lifestyle after lockdown. https://bloom.bg/3kM6EYr
Bloomberg
Kim Jong Un Makes Rare Apology Over Killing of South Korean
Kim Jong Un offered a rare apology over the fatal shooting of a South Korean national by North Korean military personnel north of the border, a move that could prevent the incident from further raising tension between the rivals.
🚘 Prices for Tesla’s Model S could rise my nearly a third in Denmark as the country’s proposal to reduce carbon emissions would raise taxes for conventional and electric cars: https://bloom.bg/2RVtgt8
📱 Google plans to push harder for developers to give the company a cut of in-app purchases through its Play app store:: https://bloom.bg/3kOzXtr
🏠A lack of houses could threaten the U.S. housing boom. It's driving up prices and threatening to derail the boom by pushing homeownership out of reach for many Americans: https://bloom.bg/3mTPLNd
📱 Google plans to push harder for developers to give the company a cut of in-app purchases through its Play app store:: https://bloom.bg/3kOzXtr
🏠A lack of houses could threaten the U.S. housing boom. It's driving up prices and threatening to derail the boom by pushing homeownership out of reach for many Americans: https://bloom.bg/3mTPLNd
📱Donald Trump’s TikTok ban is temporarily blocked by a federal judge, dealing a blow to the U.S. government in its showdown with the popular Chinese-owned app. https://bloom.bg/2HFJWDj
💵 Meanwhile, the U.S. president paid just $750 in U.S. income taxes in both 2016 and 2017, according the New York Times. https://bloom.bg/335zbCh
🎶 And the stars of BTS are about to become multi-millionaires. The IPO of Big Hit, which manages the South Korean boy band, could give the company a market value of about $4 billion. https://bloom.bg/2Gk00JS
💵 Meanwhile, the U.S. president paid just $750 in U.S. income taxes in both 2016 and 2017, according the New York Times. https://bloom.bg/335zbCh
🎶 And the stars of BTS are about to become multi-millionaires. The IPO of Big Hit, which manages the South Korean boy band, could give the company a market value of about $4 billion. https://bloom.bg/2Gk00JS
Bloomberg
Trump Ban on TikTok Is Temporarily Blocked by Federal Judge
President Donald Trump’s ban on TikTok was temporarily blocked by a federal judge, dealing a blow to the government in its showdown with the popular Chinese-owned app that it says threatens national security.
🚕 Uber was offered another chance in its biggest European market after a London judge ruled that the ride-hailing app is “fit and proper” to operate in the city. https://bloom.bg/339nTwP
📝 New questions about Donald Trump’s personal finances threaten to dog the president as he tries to breathe new life into his struggling campaign. https://bloom.bg/3i5yMUB
💺 The chances of coronavirus being transmitted in a plane are less than 1%, according to an ongoing study cited by an airline executive. https://bloom.bg/342Ciu9
📝 New questions about Donald Trump’s personal finances threaten to dog the president as he tries to breathe new life into his struggling campaign. https://bloom.bg/3i5yMUB
💺 The chances of coronavirus being transmitted in a plane are less than 1%, according to an ongoing study cited by an airline executive. https://bloom.bg/342Ciu9
Bloomberg
Uber Wins More Time in London With 18-Month License Extension
Uber Technologies Inc. won the ability to continue operating in its biggest European market after a London judge granted the ride-hailing service an 18-month license extension.
🏦 The U.S. says a JPMorgan trading desk was a racketeering operation. Now the bank is set to pay a record $1 billion spoofing penalty; https://bloom.bg/30fERrL
⚪️ Amazon and Goldman Sachs are among 34 companies that have agreed to disclose private race, gender and ethnicity workforce data; https://bloom.bg/3i8U1VO
🚘 Check out what automakers had in store at the Beijing Auto Show as China hosts the only major automotive show of 2020; https://bloom.bg/3cEA73G
⚪️ Amazon and Goldman Sachs are among 34 companies that have agreed to disclose private race, gender and ethnicity workforce data; https://bloom.bg/3i8U1VO
🚘 Check out what automakers had in store at the Beijing Auto Show as China hosts the only major automotive show of 2020; https://bloom.bg/3cEA73G
Hello 👋 Here’s what we’re following:
🌏 The world officially recorded 1 million deaths from Covid-19 in one of the most sobering milestones of the pandemic, but the real tally might be almost double that. Here’s why: https://bloom.bg/33cei8t
🇩🇪 Germany has its own Dr. Fauci — and residents actually follow his advice. Christian Drosten helped spare his country from the worst of the coronavirus, and now he’s worried about a fresh wave. https://bloom.bg/2S4x6QK
🇺🇸 And in Bloomberg Opinion, Timothy L. O’Brien writes that Donald Trump’s tax returns show he’s a national security threat. https://bloom.bg/2FZpM6M
🌏 The world officially recorded 1 million deaths from Covid-19 in one of the most sobering milestones of the pandemic, but the real tally might be almost double that. Here’s why: https://bloom.bg/33cei8t
🇩🇪 Germany has its own Dr. Fauci — and residents actually follow his advice. Christian Drosten helped spare his country from the worst of the coronavirus, and now he’s worried about a fresh wave. https://bloom.bg/2S4x6QK
🇺🇸 And in Bloomberg Opinion, Timothy L. O’Brien writes that Donald Trump’s tax returns show he’s a national security threat. https://bloom.bg/2FZpM6M
📈 What’s moving markets? The Covid-19 death toll hit 1 million, the U.K. has avoided a rebellion over emergency powers and the first U.S. presidential debate is here. https://bloom.bg/3n49Twa
💵 Will the U.S. government decide on corona stimulus plan? That’s anyone’s guess as the Trump administration and congressional Democrats reach a fork in the road. https://bloom.bg/3cEd21b
👶 Surprise pregnancies surge in the Philippines and it’s time to put women issues “front and center,” a senator says. https://bloom.bg/3ik2AgE
💵 Will the U.S. government decide on corona stimulus plan? That’s anyone’s guess as the Trump administration and congressional Democrats reach a fork in the road. https://bloom.bg/3cEd21b
👶 Surprise pregnancies surge in the Philippines and it’s time to put women issues “front and center,” a senator says. https://bloom.bg/3ik2AgE
Bloomberg
Mnuchin, Pelosi Talk in Last-Ditch Effort on Stimulus Compromise
Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi met for about 90 minutes Wednesday in their first in-person negotiations on a fresh fiscal stimulus package since August.
🗽 New York City’s daily positive coronavirus rate eclipsed 3% for the first time in months, prompting Mayor de Blasio to mull another round of shutdowns; https://bloom.bg/2G9Cfom
💰JPMorgan agrees to pay $920 million to settle federal probes over its role in the manipulation of global metals and Treasurys markets; https://bloom.bg/36dU2W5
✋Amazon is in “active discussions” to introduce palm-scanning as a method for pay, entry in third-party stores; https://bloom.bg/3kYfouJ
💰JPMorgan agrees to pay $920 million to settle federal probes over its role in the manipulation of global metals and Treasurys markets; https://bloom.bg/36dU2W5
✋Amazon is in “active discussions” to introduce palm-scanning as a method for pay, entry in third-party stores; https://bloom.bg/3kYfouJ
🇺🇸 “Will you shut up, man?” The first U.S. presidential debate between Donald Trump and Joe Biden has involved lots of interrupting so far. We’re fact checking it all here: https://bloom.bg/3jiYtm0
👀 You can also watch how the whole thing is going down with our live updates and analysis: https://bloom.bg/2Shs0R7
🌃 And in non-debate news, this is how the world’s most expensive skyscraper deal turned sour. https://bloom.bg/36mHQ5l
👀 You can also watch how the whole thing is going down with our live updates and analysis: https://bloom.bg/2Shs0R7
🌃 And in non-debate news, this is how the world’s most expensive skyscraper deal turned sour. https://bloom.bg/36mHQ5l
🥊 Opinion: The Trump-Biden debate served little purpose other than to embarrass the U.S. https://bloom.bg/3jiv7Ej
📱 What did the banker charged with insider trading do before he handed his iPhone to the police officers? He deleted WhatsApp. https://bloom.bg/2Gfa1Zc
💉 A rapid Covid-19 test that returns results in 15 minutes has been cleared for use in countries that accept Europe’s CE markings. https://bloom.bg/3n2zZzV
📱 What did the banker charged with insider trading do before he handed his iPhone to the police officers? He deleted WhatsApp. https://bloom.bg/2Gfa1Zc
💉 A rapid Covid-19 test that returns results in 15 minutes has been cleared for use in countries that accept Europe’s CE markings. https://bloom.bg/3n2zZzV
Bloomberg
Trump Embarrassed His Country and Himself
Campaign debates don’t have to be high-minded to be useful, but the Cleveland brawl served little purpose except to showcase the president’s unfitness for office.
🗣 The presidential debate commission is discussing format changes after Tuesday’s messy debacle between Biden, Trump: https://bloom.bg/3kVLx5W
✈️ U.S. airlines are planning to lay off nearly 50,000 workers unless Congress passes another round of payroll aid: https://bloom.bg/2Gni9Xo
🤳Vehicle tracking isn’t just for police anymore. For just $5 a month, anyone can turn their smartphone into a license plate reader: https://bloom.bg/3ibYt64
✈️ U.S. airlines are planning to lay off nearly 50,000 workers unless Congress passes another round of payroll aid: https://bloom.bg/2Gni9Xo
🤳Vehicle tracking isn’t just for police anymore. For just $5 a month, anyone can turn their smartphone into a license plate reader: https://bloom.bg/3ibYt64
⚡ BREAKING: President Trump signed a stopgap funding bill to avert a U.S. government shutdown weeks before the election. That's set to keep operations running until Dec. 11. https://bloom.bg/33jEo9L
❌ The world’s third-largest stock exchange halted trading for the entire day due to a hardware problem. It’s the worst-ever breakdown for the Tokyo Stock Exchange. https://bloom.bg/3jmIqnw
🇮🇳 Just 8% of confirmed coronavirus cases later led to an explosion of Covid-19 infections in India, research in two southern states shows. It's the first major study of transmission in a developing country, and offers clues on the impact of super-spreaders. https://bloom.bg/3l2O2DL
❌ The world’s third-largest stock exchange halted trading for the entire day due to a hardware problem. It’s the worst-ever breakdown for the Tokyo Stock Exchange. https://bloom.bg/3jmIqnw
🇮🇳 Just 8% of confirmed coronavirus cases later led to an explosion of Covid-19 infections in India, research in two southern states shows. It's the first major study of transmission in a developing country, and offers clues on the impact of super-spreaders. https://bloom.bg/3l2O2DL
Hello! 👋 Today, we’re launching Bloomberg Wealth to help you manage your finances, live your best life and navigate your path to prosperity. https://bloom.bg/36lJHY5
Our goal is to point you toward answers to your key financial questions. Here are some stories to start you off:
💸 Meet The Barefoot Investor, The Broke Millennial, Financial Samurai and Monika Halan. The next generation of personal finance experts are rewriting the rules for managing money. https://bloom.bg/33gX6Pe
🏹This is how Robinhood, free trades and the coronavirus pandemic sparked a trading boom and changed how we buy and sell stocks. https://bloom.bg/3cM1AjU
🛣 No kids. No mortgage. No going to the office. It's the perfect formula for young Americans to take epic road trips. https://bloom.bg/2GsPMqF
And don’t forget to sign up for our newsletter showcasing the top stories each week. https://bloom.bg/349bRTy
Our goal is to point you toward answers to your key financial questions. Here are some stories to start you off:
💸 Meet The Barefoot Investor, The Broke Millennial, Financial Samurai and Monika Halan. The next generation of personal finance experts are rewriting the rules for managing money. https://bloom.bg/33gX6Pe
🏹This is how Robinhood, free trades and the coronavirus pandemic sparked a trading boom and changed how we buy and sell stocks. https://bloom.bg/3cM1AjU
🛣 No kids. No mortgage. No going to the office. It's the perfect formula for young Americans to take epic road trips. https://bloom.bg/2GsPMqF
And don’t forget to sign up for our newsletter showcasing the top stories each week. https://bloom.bg/349bRTy
⚖️ The EU is launching legal proceedings against the U.K and Boris Johnson’s plans to breach terms of the Brexit divorce. https://bloom.bg/3l3qLBD
🏢 The risk of a housing-market bubble is increasing across the globe but better watch out particularly for Munich, Frankfurt, Toronto and Hong Kong. https://bloom.bg/3idk9Pi
💵 President Donald Trump has avoided a shutdown by approving stopgap spending that will keep the government operating until Dec. 11. https://bloom.bg/30nmFwk
🏢 The risk of a housing-market bubble is increasing across the globe but better watch out particularly for Munich, Frankfurt, Toronto and Hong Kong. https://bloom.bg/3idk9Pi
💵 President Donald Trump has avoided a shutdown by approving stopgap spending that will keep the government operating until Dec. 11. https://bloom.bg/30nmFwk
Bloomberg.com
EU to Start Legal Action Against U.K. on Internal Market
The European Union is starting legal proceedings against the U.K. over Boris Johnson’s plan to breach terms of its Brexit divorce deal and break international law.
📉 U.S. initial jobless claims fell by 36,000 from last week, but slow labor market recovery is keeping unemployment above pre-Covid levels: https://bloom.bg/3ims50L
🇮🇳 A collective of India-based startups is attempting to supplant Big Tech’s supremacy over the country’s digital enterprises: https://bloom.bg/3l8SXTL
🏙 The work-from-home shift spurred by the coronavirus pandemic is causing rent in big cities to plunge while small(er) city living is in high demand: https://bloom.bg/3cNv80y
🇮🇳 A collective of India-based startups is attempting to supplant Big Tech’s supremacy over the country’s digital enterprises: https://bloom.bg/3l8SXTL
🏙 The work-from-home shift spurred by the coronavirus pandemic is causing rent in big cities to plunge while small(er) city living is in high demand: https://bloom.bg/3cNv80y
⚡ Breaking: Hope Hicks, one of President Donald Trump’s closest aides, has tested positive for coronavirus, sources say. https://bloom.bg/2G8rSkP
🏦 Another development: The U.S. House has passed a $2.2 trillion fiscal stimulus package despite no Republican support. Sharp differences remain on the scale of coronavirus relief. https://bloom.bg/34lkTwG
🇯🇵 And lastly, the Tokyo Stock Exchange resumed trading after its worst-ever outage. Japanese stocks advanced. https://bloom.bg/3l2bzVp
🏦 Another development: The U.S. House has passed a $2.2 trillion fiscal stimulus package despite no Republican support. Sharp differences remain on the scale of coronavirus relief. https://bloom.bg/34lkTwG
🇯🇵 And lastly, the Tokyo Stock Exchange resumed trading after its worst-ever outage. Japanese stocks advanced. https://bloom.bg/3l2bzVp
Bloomberg.com
Trump Says He Will Quarantine After Aide Falls Ill With Virus
President Donald Trump said that he would begin self-quarantine while waiting for coronavirus test results after Hope Hicks, one of his closest aides, tested positive for Covid-19.