BREAKING: Donald Trump's global tariffs can continue for now, a US federal appeals court says. Read more here: https://bloom.bg/4mNocEm

Chinese banks have scaled back travel perks since last year, barring staff from flying business class and booking pricey hotels.

That’s giving domestic chains a boost: https://bloom.bg/3FYgGpw

Singapore-based Jetstar Asia will close next month, freeing up as much as $327 million to fund owner Qantas’s fleet renewal program. Read more here: https://bloom.bg/3HAMm52

📷: Brent Lewin/Bloomberg

For months, Trump pushed tariffs and trade restrictions on China to unprecedented levels to force Xi into talks. Now, Beijing has shown it can fire back, using its control over rare earth exports. Read here: https://bloom.bg/3FR8ese

📷: SeongJoon Cho/Bloomberg

The US ordered some staff to depart the embassy in Baghdad and allowed military service members’ families to leave the Middle East, officials said. Read here: https://bloom.bg/3FLviss

Trump's tariffs threaten the world's biggest carmakers with Toyota, Honda, Subaru and others bracing for a profit hit of more than $19 billion. Read more here: https://bloom.bg/4e33soc

🎙 Japan is experiencing an intense talent war as recruiters for Wall Street banks court new hires with increased salaries, fancy dinners and other perks.

Find out more on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy

Israel launched airstrikes on Iran, in a major escalation in the standoff over Tehran’s atomic program that risks sparking a new war in the Middle East. Read more here: https://bloom.bg/4kXwYOm

📷: BEHROUZ MEHRI/AFP

🚨 LIVE BLOG: Israel has launched airstrikes on Iran and is bracing for retaliatory action.

Follow the latest news and analysis: https://bloom.bg/4e0KnmH

🚨 Here's the latest:

• Israel attacks Iran’s nuclear, ballistic missile programs
• Iran vows blow against Israel, US; Says no damage to refineries
• Israeli airstrikes killed commander of Revolutionary Guard
• US says not involved, warned Iran against targeting US assets
• Crude oil, gold surge as stocks drop on concern at attack

Follow our blog for the latest: https://bloom.bg/4n4uFuY

Iran fired hundreds of ballistic missiles at Israel in response to an unprecedented attack on its nuclear facilities on Thursday, which killed top Iranian generals and badly damaged key military infrastructure. Three people were killed in the Tel Aviv area and at least 40 were injured in multiple strikes, according to police and emergency services: https://bloom.bg/4lbdSod

📷: Tomer Neuberg/AP Photo

President Donald Trump said he believed it’s possible Israel and Iran could reach an agreement to end their conflict, though the two sides may need to continue fighting before they’re ready to broker a peace deal. Read more here: https://bloom.bg/4kIahOo

Relatives of people feared dead or missing after last week’s Air India Boeing 787 jet crash have become frustrated by a lack of information about the cause of the disaster and slow-moving recovery operations. Read more here: https://bloom.bg/4enT0bf

📷: Siddharaj Solanki/Bloomberg

The suspect in the shooting of two Minnesota lawmakers has been taken into custody after a manhunt, the Ramsey County Sheriff’s Office said: https://bloom.bg/43LuYmL

Breaking: Donald Trump is cutting short his visit to the G-7 leaders’ summit and returning to Washington. Read more here: https://bloom.bg/45Vg6DG

Search crews sifting through the wreckage of the Air India jetliner that crashed last week retrieved the second black box, as they seek to gain more evidence to understand what caused the accident that killed all but one of the 242 people on board. Read more here: https://bloom.bg/446MqAU

The US Embassy in Jerusalem will remain closed for the next three days, the State Department said, as speculation grows that the Trump administration may be on the verge of joining Israel’s attack against Iran. Read more here: https://bloom.bg/45ZFrfC

🎙 China is using domestic hacking competitions to power its growing network of hackers.

Find out what’s at stake for the US and the rest of the world on the Big Take Asia Podcast: https://link.podtrac.com/jxfy2rhy

Taiwan joined a yearslong US campaign to curtail China’s technological ascent when it blacklisted the country’s AI and chipmaking champions, an unprecedented step that may signal a resurgent effort to isolate its powerful neighbor’s semiconductor sector. Read more here: https://bloom.bg/44nkPN6

OpenAI CEO Sam Altman said Meta has offered his employees signing bonuses as high as $100 million, with even larger annual compensation packages, as it seeks to build a top artificial intelligence team. Read more here: https://bloom.bg/3SWuuE1

📷: Kosuke Okahara/Bloomberg