Hong Kong is planning to lower the amount of tax it levies on spirits, according to people familiar with the matter, as the Asian financial center seeks to regain its edge as a premier destination for nightlife, dining and shopping. Read more here: https://bloom.bg/3NiTzq5

📷: Lam Yik/Bloomberg

China said it launched an ICBM with “a dummy warhead” into the Pacific Ocean, a rare move that could raise tensions in East Asia. More here: https://bloom.bg/3XBcSPT

📷: Pool/Getty Images AsiaPac

China’s economy just got a massive adrenaline shot but economists say turning the slump around will require much, much more. Read more here: https://bloom.bg/3Xy09xs

📷: Xie Huanchi/Xinhua/Getty Images

🎙 Donald Trump says the US dollar is under attack. Is that true?

On today’s Big Take Asia podcast, host K. Oanh Ha and Saleha Mohsin break down what Trump means — and the possible consequences for China’s yuan https://link.podtrac.com/jxfy2rhy

📷: Paul Yeung/Bloomberg

Office in Dubai: Nigerian billionaire Aliko Dangote is setting up a family office in Dubai, joining other high-net worth individuals flocking to the Middle East’s financial hub. https://bloom.bg/3MXA1XW

Currency shock: Zimbabwe’s latest attempt at a new currency is cracking — and central bank Governor John Mushayavanhu is being left to deal with the fallout. https://bloom.bg/3ZCuNbK

Middle Eastern funding: Kenya is in talks for a $1.5 billion loan from Abu Dhabi, the latest in a series of bailouts it's extended to African countries in recent years. https://bloom.bg/3XSOQRP

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday

OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said.

It would be the first time Altman is granted ownership in the artificial intelligence startup. Read more here: https://bloom.bg/3BgooZr

📷: David Paul Morris/Bloomberg

New York City Mayor Eric Adams has been indicted following a federal corruption investigation, according to a person familiar with the matter, a stunning development that calls into question the political future of the man in charge of running the biggest US city. Read more here: https://bloom.bg/3zp13o6

📷: Mark Sagliocco/Getty Images for Gabrielle's Angel Foundation

Qantas Airways’s ghost-flight scandal misled almost one million customers booked on tens of thousands of non-existent services, according to court documents that reveal the scale of the misconduct and the airline’s awareness of the problem. More here: https://bloom.bg/4dkoVam

📷: Brendon Thorne/Bloomberg

Since Anwar Ibrahim became Malaysia’s PM, the country's anti-corruption drive has targeted his enemies. He denies involvement in the investigations - but critics say he's using an independent agency to punish adversaries. More here: https://bloom.bg/3ZE8P7Z

📷: Pool/Getty Images AsiaPac

🎙 Our brand new Bloomberg Australia podcast is here. Follow along as we lift the lid on the stories shaping the country's place in global business.

This week Rebecca Jones asks Rich Henderson asks why investors can expect a boost from the Fed’s rate cut.

Listen here: https://bloom.bg/3ZE5WEl

Rights compromise: The World Bank and Uganda are working to end a lending freeze after the East African nation passed repressive anti-LGBTQ legislation. https://bloom.bg/47J6ZVJ

Currency slump: Nigeria's Naira fell to a fresh low against the dollar, shrugging off on a surprise interest-rate increase. https://bloom.bg/3TIU3JC

Mpox detections: Suspected cases of mpox have been recorded in at least 15 African countries, according to Africa's CDC. https://bloom.bg/4eF8eYc

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday

Bernard Arnault’s fortune jumped by $17 billion in a single day, taking his net worth to $201 billion, according to the Bloomberg Billionaires Index.

The surge comes after China’s top leaders gave the green light to supercharge stimulus in the world’s second-largest economy. Read more here: https://bloom.bg/47JNsnZ

📷: Girette/Bloomberg

Japan’s ruling party picked Shigeru Ishiba as its next leader, positioning an advocate of an “Asian NATO” to become prime minister in a move that risks further increasing tensions with China. More here: https://bloom.bg/3N3HrJg

📷: Toru Hanai/Bloomberg

Militants are gaining strength in Bangladesh after a tumultuous change in government, raising concerns that Islamist extremists are on the verge of gaining a foothold in a volatile part of the world. Read more: https://bloom.bg/3zr1ka6

📷: K M Asad/AFP/Getty Images

Chocolate crisis: After huge bean shortages and turmoil across the market this year, the cocoa harvest this season is looking promising. But it may not be enough to bring chocolate prices down. https://bloom.bg/47QrC2g

Telecoms deals: Kenya’s biggest phone company Safaricom is in talks with Elon Musk’s Starlink and other satellite providers on potential future partnerships. https://bloom.bg/3BuNiog

Currency devaluation: Zimbabwe raised interest rates and devalued its gold-backed currency by 43%, following persistent weakness in the ZiG. https://bloom.bg/3ZAvP86

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday

I was one of the hundreds of unlucky commuters caught up in this week’s Singapore MRT chaos. Here's what it was like.

That and more in this week's free Singapore Edition: https://bloom.bg/3Y0WSIq

📷: Paul Miller/Bloomberg

Binance founder Changpeng Zhao pledged to keep investing in the blockchain sector as well as artificial intelligence and biotechnology, in the crypto mogul’s first public comments since his release from US custody.

Zhao was released from a correctional facility in California on Sept. 27. Read more here: https://bloom.bg/4gI02bn

📷: David Ryder/Bloomberg

In a nation where the norm has been for people to park their assets in cash and deposits that offer almost no interest, Shigeru Fujimoto has accumulated about ¥2 billion ($14 million) of wealth.

Read more on how the 88-year-old former pet-shop owner built his fortune: https://bloom.bg/3TQrcTz

📷: Yasutaka Tamura/Bloomberg

War in Sudan: The UAE's foreign ministry says a Sudanese military aircraft launched a "cowardly" attack on the residence of its ambassador to Sudan. https://bloom.bg/3ByXTyw

Loan approved: The World Bank approves $1.57 billion in new lending to Nigeria, aimed at easing the "complex difficulties" facing women and girls. https://bloom.bg/3ZN0MWC

Growth acceleration: South Africa's deputy president expects the economy to grow faster than expected, and the country's 10-year bond yield hits a two year low. https://bloom.bg/47PpebK

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday

LIVE: Israel has begun "targeted ground raids" in Lebanon in a significant escalation in its battle against Hezbollah.

Follow our free-to-read blog for the latest news, updates and analysis https://bloom.bg/3zGu4eS

📷: Itani/AFP/Getty Images

Infrastructure fund: South Africa’s infrastructure development agency has restructured its pipeline of planned projects to make them more attractive to the private sector, as state officials court investors in the UK. https://bloom.bg/3BCk6M7

Walking a tightrope: Kenya’s National Assembly will receive an impeachment motion against Deputy President Rigathi Gachagua, a process that could potentially destabilize an economy that's barely recovered from months of anti-government protests. https://bloom.bg/47NgzH4

Back to Africa: Benin, from where more than a million people were shipped to the Americas at the height of the slave trade, has approved a law that makes their descendants eligible for citizenship in the small West African nation. https://bloom.bg/3TOQ0vj

Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday