Five Things You Need to Know to Start Your Day

Biden is left red-faced over the biggest intelligence leak in a decade, the US is pressing the need for G-7 allies to coordinate against economic coercion and China megabanks plan a multi-billion yuan funding spree. — David Goodman

The Biden administration is going to have a hard time explaining how the biggest US intelligence leak in a decade may have been committed by a 21-year-old airman whose role — “cyber transport systems journeyman” — required a high-school degree, a driver’s license and up to 18 months of on-the-job-training.