Bloomberg

EXCLUSIVE: Malaysia's government is pushing ahead with legislation expanding curbs on media, according to people familiar with the matter. More: https://bloom.bg/4j3cpz3

Former European Central Bank President Mario Draghi says Germany’s decision to ramp up defense spending is a “game changer” but warns there are risk. More here: https://bloom.bg/429xMrN

For years, Chinese banks have been winning business from Wall Street firms in Hong Kong. Now they’re starting to pick up some of their former staff — even at lower pay. Read more here: https://bloom.bg/3QQddvk 📷: Lam Yik/Bloomberg

The Trump administration has paused some green card applications as it seeks to beef up scrutiny of potential permanent residents. More here: https://bloom.bg/42gEs8A

Exposure of private texts between top Trump administration officials offered unique insight into their planning for strikes against Houthi militants earlier this month. The messages also laid bare the full extent of their disdain for European allies. More here: https://bloom.bg/4hKMzyV 📷: Yuri Gripas/Abaca/Bloomberg

Blackstone President Jon Gray warns investors against making knee-jerk decisions around President Donald Trump’s tariff drama. More here: https://bloom.bg/4l5lTMf

Katsunori Tanaka spent most of his 19 years at Goldman Sachs scrutinizing Japan’s biggest banks as an equity analyst. Now he’s making money obsessing over much smaller lenders at his hedge fund Ariake Capital. More here: https://bloom.bg/41ZKVni 📷: Shoko Takayasu/Bloomberg

🚨 LIVE NOW: How did BYD rise to become Tesla's biggest challenger despite tariffs? And how could its latest technology — a new ultrafast EV charger — help it gain further share? Join our Live Q&A and ask your questions here: https://bloom.bg/41ZEXCB

Millions of 23andMe users now face seeing their genetic information sold to the highest bidder as part of the company’s bankruptcy, setting up a test of existing legal safeguards around privacy and safety. More: https://bloom.bg/4c6lfdk

JUST IN: Samsung Electronics co-CEO Han Jong-Hee has died at age 63. More here: https://bloom.bg/4j2OkbU

The Jack Ma-backed tech company Ant has used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by 20%: https://bloom.bg/41UMQJN

Donald Trump wants to make US shipbuilding great again by imposing levies on Chinese vessels. Critics say the move could devastate the US economy, hit global trade and fuel inflation. Read more: https://bloom.bg/4bTXCEF

From introducing halal-friendly menus to copies of the Koran in hotel rooms, here's how Hong Kong is targeting wealthy visitors from the Middle East and Southeast Asia: https://bloom.bg/4iSmv5S 📷: Chinesology

For big brewers who’ve counted on clubs and karaoke bars to sell premium beers, China's nightlife slowdown is part of a perfect storm that’s also hitting western markets such as the US and Europe. Increasingly health-conscious customers are drinking less, opting for cheaper options and staying home to save money. All of those factors are prompting a strategy rethink in China: https://bloom.bg/4bPKxMC 📷: Yan Cong/Bloomberg

🎙 How are Trump's policies playing out in Asia? A panel of Bloomberg experts discuss how the US-China rivalry is unfolding under a second Trump presidency in a special edition of the Big Take Asia podcast episode: https://link.podtrac.com/jxfy2rhy

London's Heathrow Airport is closed after a fire caused a significant power outage, throwing one of the world's busiest airports into chaos. Follow our live blog for the latest news and updates: https://bloom.bg/41J6jwS

London’s Heathrow Airport, one of the world’s busiest for international flights, will be shut on Friday because of a power outage caused by a fire. Read more: https://bloom.bg/4c2FfO1 📷: Chris J. Ratcliffe/Bloomberg

Donald Trump’s tariffs are worsening a "China Shock" around the world, destroying jobs from Mexico to Indonesia. Read The Big Take: https://bloom.bg/4hj9Yr3 📷: Muhammad Fadli/Bloomberg

EXCLUSIVE: Pakistan plans to legalize crypto and create a framework for its trading to lure international investment. https://bloom.bg/4kD58HY

🎙 Japan has a matcha shortage despite record levels of production. Find out what’s driving the global mania and why it’s hard for producers to keep up on the Big Take Asia Podcast ⤵ https://link.podtrac.com/jxfy2rhy