🇭🇰🇬🇧 The U.K. is planning a path to citizenship for 300,000 Hong Kong residents unless China backs down on its planned security laws, the foreign secretary said. https://bloom.bg/3c9YG6J

💸 The fresh political turmoil engulfing Hong Kong is reviving fears of capital flight from one of the world’s biggest financial hubs. That would drain confidence in the city’s economy, though there’s little evidence so far of a rush to move money. https://bloom.bg/3cbSJ9A

💰 And even a dubious Warren Buffett can’t stop this crypto mogul. Justin Sun made his personal fortune by embracing Bitcoin as early as 2012, and now by his own account is worth somewhere in the hundreds of millions of dollars. https://bloom.bg/3gykMDr

#⃣ Twitter put up a rule-violation notice on one of Donald Trump's most recent posts that included the phrase "when the looting starts, the shooting starts."

As protests in Minneapolis over the death of a handcuffed African American man turned increasingly violent, the U.S. president used Twitter to assail the city's mayor as weak and said he had told Minnesota Governor Tim Walz that "the military is with him all the way."

"We've taken action in the interest of preventing others from being inspired to commit violent acts," Twitter said. Read more: https://bloom.bg/2Agjjku

💰 U.S. consumer spending, which accounts for about two-thirds of the world’s largest economy, plunged in April by the most on record: https://bloom.bg/2zKUHQO

😷 Farm workers are getting sick and spreading coronavirus just as the U.S. heads into the peak of the summer produce season: https://bloom.bg/2XFT4Mq

📉 U.S. stocks fell as investors weighed the biggest drop on record in American consumer spending and awaited Trump’s latest response in his escalating feud with China: https://bloom.bg/2XFFkkT

The reopening of America was always going to be fraught, with fears of new virus outbreaks and economic meltdown. Now cities across the nation are reeling from protests that could worsen both. https://bloom.bg/3ez6eSf

Violence erupted in dozens of U.S. cities over the weekend amid otherwise peaceful protests following the death of George Floyd, a black Minneapolis man who died after a white police officer pressed a knee into his neck for more than eight minutes.

President Donald Trump seized on the political and racial divisions to portray himself as a purveyor of law and order. https://bloom.bg/3cmTYCT

Meanwhile, the Minneapolis Police Department’s website has shown signs of a hack, days after the group Anonymous promised retribution for Floyd's death. https://bloom.bg/3dh6p4i

🚫 China halted purchases of some American farm goods as Beijing evaluates the ongoing escalation of tensions with the U.S. over Hong Kong. https://bloom.bg/3clv2vA

🇨🇳 🇺🇸 Chinese officials and state media needled the Trump administration over race-related protests and looting that have engulfed U.S. cities in recent days. https://bloom.bg/2zOwtW1

😷 Europe's most virus-stricken countries are preparing to further ease lockdown measures, even as scientists warned against moving too quickly. https://bloom.bg/3gBopIR

▪️Violence erupted in dozens of U.S. cities this weekend following the death of George Floyd, a black Minneapolis man who died after a white police officer pressed a knee into his neck for more than 8 minutes. The latest on the protests: https://bloom.bg/2Mj3GLV

💊 Gilead’s drug remdesivir showed only a limited benefit in a large trial of more moderate patients with Covid-19. The results hit the company’s share price Monday morning: https://bloom.bg/3cnOibI

💰 Goldman Sachs rolled back its pessimistic outlook for U.S. stocks, effectively bowing to pressure from the continuing rally: https://bloom.bg/2zSFA81

Hello, here's a look at what's going on around the world right now:

🇨🇳 China is making a cryptocurrency to challenge Bitcoin and even the dollar. People there are hardly strangers to digital payments, but authorities are testing a new kind of money in four cities that could offer an added degree of control. https://bloom.bg/3gNUTQi

🇺🇸 Donald Trump threatened to deploy the U.S. military to crush unrest in cities across the country. https://bloom.bg/3dq72Zw

🇦🇺 And Australia’s water is vanishing. Scorched by climate change and drained by industrial farms, the country’s most important river system is nearing collapse. https://bloom.bg/2ZX2nKv

Donald Trump strode across Pennsylvania Avenue on Monday evening, his path cleared by tear gas, concussion grenades and mounted police, to stand before the church of U.S. presidents and reinforce the get-tough message he had just delivered to the nation.

Trump stood in front of the church and held up a Bible while he posed with various senior White House staff members.

The visit sparked an immediate backlash, including from Democrats who accused the president of forcibly removing peaceful demonstrators in order to stage a photo op for political gain. https://bloom.bg/2XSjScf

💰 Almost one-third of unemployment benefits estimated to be owed to the millions of Americans who lost their jobs as a result of the coronavirus slump haven’t been paid yet.

The Treasury disbursed $146 billion in unemployment benefits in the three months through May, more than in the whole of 2009, when jobless rates peaked after the financial crisis. But even that historic figure falls short of a total bill that should have reached about $214 billion for the period, according to Bloomberg calculations: https://bloom.bg/2Xpd4UD

🇺🇸 Thousands of people marched in protest in cities from New York to Los Angeles as curfews went into force to help police stem violence and vandalism. Read all the latest updates here: https://bloom.bg/2ModofV

⛔ The world's longest recession-free streak, a 29-year record held by Australia, is coming to an end as the nation reported an economic contraction in the first quarter. https://bloom.bg/2zVhnOx

💻 Meanwhile, Google is being sued for allegedly amassing billions of bits of information — every day — about internet users even if they opt out of sharing their information. https://bloom.bg/2XO7J88

😷 Sweden's top epidemiologist admitted his strategy to fight Covid-19 resulted in too many deaths, after persuading his country to avoid a strict lockdown. https://bloom.bg/36TmniO

🇺🇸 Donald Trump faced a dwindling set of options to address nationwide unrest, after a backlash erupted over the government's violent dispersal of peaceful protests outside the White House. https://bloom.bg/2XTfxWk

🇬🇧 Boris Johnson said he will give as many as three million Hong Kong residents the chance to seek refuge in the U.K. if China presses ahead with plans to impose a new security law on the former British colony. https://bloom.bg/3eKHN4b

✈ The Trump administration issued an order suspending passenger flights from China-based airlines in a continued escalation of tensions between the two nations. The order goes into effect June 16: https://bloom.bg/306fucu

📉 U.S. companies lost fewer workers in May than expected, offering some hope that the worst of the coronavirus-related hit to the labor market is over: https://bloom.bg/2XsjQJa

🚔 Donald Trump urged police to “get tough” and warned the National Guard “is ready,” appearing to double down on his support for the use of greater force to quell protests in the U.S.: https://bloom.bg/2U6c59P

Being the brother of Asia’s richest man is harder than you think. 💰

Mukesh Ambani has a $53 billion fortune, and apart from Prime Minister Narendra Modi, he’s probably India’s most powerful citizen. His brother, Anil, has just $9 million. (Yes, that’s billion vs. million.)

The brothers began their careers as close partners, but after the death of their father, they grew increasingly estranged, first splitting his empire and then becoming direct competitors.

This is the inside story of the world’s most expensive sibling rivalry: https://bloom.bg/2AylOyK

🇺🇸 Donald Trump faced a direct challenge to his leadership from his current and former defense secretaries, who questioned the president's threat to use military force against nationwide protests over police brutality. https://bloom.bg/3cu01W9

📈 In a switch from the longer-term trend, Europe is finally outperforming Wall Street. https://bloom.bg/3eNoFmb

🇬🇧 The U.K. is heading for a damaging showdown with China as it takes on Beijing over Hong Kong and Huawei. https://bloom.bg/3eLoVCj

💰 Trump administration officials envision as much as $1 trillion in the next round of economic stimulus, though they have delayed those discussions scheduled for this week: https://bloom.bg/3eOa8Xj

💵 U.S. Congress is in a bind over what to do when the most generous unemployment benefits in U.S. history expire at the end of next month: https://bloom.bg/2UazerG

🔽 Americans filed nearly 2 million applications for unemployment benefits last week, reflecting a slowing -- though far from a halt -- in job losses: https://bloom.bg/2z3Gm1L

Hello, here’s what we’re following:

🇭🇰 Hong Kong’s protest movement is running out of cash. As donations dry up, the groups that provide demonstrators with legal assistance are struggling. https://bloom.bg/2UcC3Za

🚀 Tesla CEO Elon Musk says it’s “time to break up Amazon,” escalating his feud with Jeff Bezos, another billionaire investing in space exploration. Musk’s comments came in response to a tweet from a writer who said his book was being removed from Amazon’s Kindle publishing division. https://bloom.bg/2Y6xBMZ

💄 And employees of Estee Lauder, one of the world’s largest beauty businesses, are demanding that a board member and family heir be ousted over his support for Donald Trump. https://bloom.bg/3cuHJUM

🇺🇸 Two police officers in Buffalo have been suspended after a video of them pushing a protester, causing him to fall over with a loud thump, went viral. The incident occurred as a 10th night of large-scale protests across the U.S. unfolded mostly without violence. https://bloom.bg/2Y2OGr0

🇨🇳 The Chinese government said it will take "necessary measures" to safeguard the interests of domestic companies, after fresh U.S. restrictions on a blacklist of 33 companies took effect. https://bloom.bg/2zXfp0e

💶 The longest euro rally in almost a decade is on shaky ground even as investors' appetite for risk makes a comeback. https://bloom.bg/2Uefvr8

📈 America’s labor market unexpectedly posted gains in May and the unemployment rate lowered to 13.3% from 14.7%: https://bloom.bg/3cz5H17

🇺🇸 Trump takes credit for the surprise gains in the latest U.S. jobs report, reasserting his 2020 case: https://bloom.bg/372UwMY

⬆ Black unemployment climbed to the highest in more than a decade in May as the coronavirus pandemic continued to weigh on the U.S. labor market: https://bloom.bg/2XB4lyD

💉 AstraZeneca has approached rival drugmaker Gilead about a potential merger, which would be the biggest health-care deal on record. The two companies are behind the industry’s most prominent responses to the coronavirus pandemic. https://bloom.bg/2BKmVvV

🇭🇰 On the surface, it doesn’t seem like the best time to buy property in Hong Kong. The city’s future is clouded by China’s security law, which has triggered fears of capital flight. But the world’s most expensive real estate market is proving resilient. https://bloom.bg/2MAAxvO

🇳🇿 New Zealand reported zero active virus cases, becoming one of the few countries to eliminate Covid-19. Strict border controls will stay in place to stop its return. https://bloom.bg/3dHFoaD

🌏 Worldwide infections from the coronavirus surpassed the 7 million mark. https://bloom.bg/30ll76E

😷 The prime minister of Sweden was forced to defend his Covid-19 strategy amid signs the government's handling of the pandemic has been fatally flawed. https://bloom.bg/3cFF0b7

🇮🇹 Italy might just be succeeding yet again in shaking off a crisis without having to confront the failings of its economy. https://bloom.bg/2AJNBwd