A large-scale luxury development in Singapore sold only a tiny fraction of units when it started accepting bookings, reflecting the struggles of the priciest segment in the city-state’s otherwise stratospheric property market.

The W Residences Marina View condominium began pre-sales last Saturday, and buyers booked only two of its 683 units over the weekend, according to people familiar with the matter. More here: https://bloom.bg/44R3MSR

📷: IOI Properties Group Berhad

The Late Show with Stephen Colbert will air its last episode in May of next year, marking the end of the late-night franchise, Paramount Global’s CBS network said https://bloom.bg/45a4T1d

📷: Scott Kowalchyk/CBS/Getty Images

It's a privately controlled company so clandestine that it doesn’t publicly identify a leader at the top. A staffer who once tried to track down an email list of governing partners recalled giving up, learning that Jane Street doesn’t want something like that circulating, not even to people working there.

Now rivals are picking its money-making secrets apart after a regulator in India announced a bombshell $564 million seizure of proceeds from what Jane Street once labeled its most profitable trading strategy. Read more here: https://bloom.bg/4ffZ465

📷: Jane Street

BREAKING: Trump says the US has reached a trade deal with Japan, setting a 15% tariff on Japanese goods. Read more here: http://bloom.bg/450iFCu

🎙️ Top EU leaders are headed to Beijing this week, for a major summit that could reshape relations between China and Europe for years to come.

On today’s Big Take Asia podcast: how Trump’s trade war is recalibrating geopolitical ties: https://link.podtrac.com/jxfy2rhy

Air India Flight AI 171 was airborne for just 32 seconds on June 12 before disaster struck. But the key to unlocking what brought down Boeing’s most advanced jetliner may lie in a chilling 10-second gap buried in the crash probe’s timeline. Read more here: https://bloom.bg/453aeWO

Illustration: Christian Capestany, 📷: Bloomberg

🎙️ China has launched construction on a $167 billion Mega-Dam in Tibet.

On today’s Big Take Asia podcast: What the controversial project could mean for its neighboring countries and Beijing’s energy ambitions: https://link.podtrac.com/jxfy2rhy

The story behind the kidnapping and disappearance of a Malaysian tycoon's wife in broad daylight — recounted from court filings, press statements and local media reports — left the nation stunned. Read more here: https://bloom.bg/3H2OhiQ

📷: Samsul Said/Bloomberg; Courtesy of the family’s lawyer

BREAKING: The ex-CEO of eFishery has been detained by Indonesian police after he previously admitted to faking financial information. Read more here: https://bloom.bg/40Ptp5g

🎙️ On today’s Big Take Asia podcast: How Trump’s trade war is testing longstanding ties between India and Russia: https://link.podtrac.com/jxfy2rhy

More than two years after ending pandemic emergency procedures, China has revived some Covid-era health controls in southern Guangdong province to prevent the spread of chikungunya, a painful mosquito-borne viral disease. Read more here: https://bloom.bg/455nFaf

📷: VCG/Getty Images

New Zealand is joining a growing list of countries that charge foreigners more to visit popular tourist sites. Read more here: https://bloom.bg/45nw7Ar

📷: Sanka Vidanagama/NurPhoto/Getty Images

Donald Trump said he would impose a 100% tariff on semiconductor imports, though would exempt companies moving production back to the United States, as Apple CEO Tim Cook and the president announced a fresh $100 billion investment plan from the Oval Office. read more here: https://bloom.bg/4fqHzQf

📷: Bonnie Cash/UPI/Bloomberg

After more than a decade of deepening trade, defense and political ties, Trump’s tariffs on Indian exports have thrown the US–India relationship into turmoil.

Is this a negotiating tactic or the start of a new period of tensions?

Join Bloomberg’s Menaka Doshi, Daniel Ten Kate, Sudhi Ranjan Sen and Shawn Donnan for a Live Q&A to break down what it means for longstanding diplomatic and trade frameworks. https://bloom.bg/45kFv7U

LIVE NOW: Trump is breaking with more than a decade of US policy. Is Washington shifting from strategic partner to trade adversary?

Join Bloomberg reporters for a Live Q&A on what this means: https://bloom.bg/41sPJlr

President Trump's threat of 50% tariffs on Indian exports to the US mark an escalation in a breakdown of the relationship between the two countries that started in the wake of May's India-Pakistan conflict. Read more here: https://bloom.bg/45bXZZC

📷: Jim Watson/AFP via Getty Images

🎙 On today’s Big Take Asia podcast, how a rebel army in Myanmar became a major player in the global supply for rare earths — and what its growing influence means for neighboring China: https://link.podtrac.com/jxfy2rhy

Indian Prime Minister Narendra Modi welcomed improved ties with China as US Treasury Secretary Scott Bessent escalated criticism on the South Asian nation over its purchases of Russian oil. read more here: https://bloom.bg/4lEMPl5

Singapore ride-hailing users got a rude shock on Wednesday after prices on the most popular app jumped about a hundred times from the usual rates, with short trips within the city costing $1,000 or more. Read more here: https://bloom.bg/4lzgWdi

Meta is hiring another key Apple artificial intelligence executive, even as the social networking company prepares to slow its recruitment. More here: https://bloom.bg/4mTvEx2

📷: Gabby Jones/Bloomberg

Elon Musk tried to enlist Mark Zuckerberg for his unsolicited bid to buy OpenAI this year, the startup said in a court filing. Read more here: https://bloom.bg/4oSKvK6

📷: David Paul Morris/Bloomberg