Bloomberg

President Donald Trump signed a proclamation that bans individuals from 12 countries from entering the US, reinstating one of the most controversial and defining measures from his first term. Read more here: https://bloom.bg/45Gh8TT

📷: Francis Chung/Politico/Bloomberg

“He has proved to be a political survivor, after legal scandals, questionable opposition tactics, and even threats to his life.”

Lee Jae-myung, the tenacious left-leaning maverick who became South Korea’s new president, has spent a lifetime picking himself off the canvas to fight again. Read more here: https://bloom.bg/3HkFOYd

One of Australia’s largest pension funds is ramping up its cash holdings to near Covid 19-era levels as President Donald Trump’s trade war roils global markets. Read more here: https://bloom.bg/4dPXAP2

🚨 LIVE NOW: Chinese startups are developing AI-powered robots that can be put to work in factories, nursing homes and even military combat.

Join our reporters for a Live Q&A on how and what’s next: https://bloom.bg/4n30zrN

Breaking: South Korea’s Kim Moon-soo has conceded defeat to Lee Jae-myung in the presidential election. Follow our coverage: https://bloom.bg/4klO9ct

📷: SeongJoon Cho/Bloomberg

Donald Trump is eager to land more trade deals, but talks with China and Europe continue to languish amid communications breakdowns and fresh tariff threats. Read more here: https://bloom.bg/4kqFO7z

📷: Francis Chung/Politico/Bloomberg

Karol Nawrocki, a nationalist candidate backed by Donald Trump, is on course to win Poland’s presidential election, defeating the centrist mayor of Warsaw in a blow to the country’s pro-European Union government. Read more here: https://bloom.bg/43Fv25Z

Hong Kong bankers have become fixated on an $11 billion loan deal with unusually high stakes for the financial hub. Read more here: https://bloom.bg/43BXUw2

Elon Musk says his time as a formal adviser to Trump is coming to an end, raising questions about the future of the DOGE effort he led. Read here: https://bloom.bg/4mCQfpV

LATEST: The Trump administration is appealing a trade court ruling that blocked its global tariffs, deeming they are illegal. Read more here: https://bloom.bg/3HhCPzK

“The Sergey Brins of the world came as students and did wonders for the US economy.”

Former Reserve Bank of India Governor Raghuram Rajan warned about the long-term risks to the US economy if politics eroded the pipeline of international students to American universities. Read here: https://bloom.bg/4kfKnBF

🎙 As Donald Trump tries to remake global trade, the dollar’s historic dominance in Asia is unwinding.

Find out what’s driving Asia’s de-dollarization and what it means for the region’s biggest economies on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy

LATEST: SpaceX’s colossal Starship rocket suffered a leak, tumbled out of control in space and exploded during a test flight, in a third straight major setback for the Elon Musk-led company. Read more here: https://bloom.bg/3T07B2k

EXCLUSIVE: Ray Dalio won’t be an adviser to Indonesia’s new sovereign wealth fund Danantara, people familiar with the matter said, just two months after officials announced the billionaire’s involvement. Read more here: https://bloom.bg/43DErLv

EXCLUSIVE: Xi Jinping is considering a new version of his Made in China plan to keep a firm grip on manufacturing, even as Trump pushes to revive US factories. Read more here: https://bloom.bg/43Kf8IO

BREAKING: Two members of the Israeli Embassy’s staff were fatally shot outside the Capital Jewish Museum in Washington on Wednesday night, Homeland Security Secretary Kristi Noem said. Read more here: https://bloom.bg/4k9g8MC

A discount chain with signature red storefronts has drawn legions of Malaysians looking for good deals — and made its founder a billionaire. Read more here: https://bloom.bg/45s0CXo

Singapore’s government said it rejects attempts by foreign embassies in the city-state to “incite domestic reactions on international issues involving third countries.” Read more here: https://bloom.bg/3ZscAMU

Philippine President Ferdinand Marcos Jr. has called for the courtesy resignation of all his Cabinet secretaries in a push to “recalibrate” his administration following his slate’s underwhelming performance at last week’s Senate election. Read more here: https://bloom.bg/43OChsL