Bloomberg Daybreak Europe. Live from London, tracking the breaking and top business news stories in the lead-up to the opening of European markets.

Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe.

This time we’re in Portugal and the Azores with a filmmaker for for whom surfing is a passion like no other. After that we join a group of young Scandinavians on the remote beaches of Norway who have turned their love of surfing into a short film called "A Girl's Thing."

German Logistics Mogul Becomes Lufthansa’s Biggest Shareholder

Africa Needs $424 Billion to Recover From Pandemic Devastation

Apple Plans Extreme Sports Watch With Larger Screen, Metal Case

Chip Delivery Times Fall by a Day as Companies See Some Relief

3M Faces More Costs After $581 Million Chemical-Cleanup Pact in Belgium

China’s Cabinet Urges Greater Cybersecurity After Mass Data Leak

Insulting Someone Online Could Mean a Year in Jail in Japan

How to Protect Your Budget From Summer Travel Chaos

Bill Ackman Donates $18,000 for Toddler Orphaned in Highland Park Shooting

'Taken Too Soon': Remembering Highland Park Shooting Victims

All Eyes on Banchero, as NBA Summer League Is Set to Open

We're Starting to See Clear Signs of Tech Troubles

A Global Famine Is Still an Avoidable Disaster

Ukraine Has Better Heroes Than This Friend of Fascism

The Ukraine War Threatens Europe’s Ambitious Climate Goals

Geely Is Launching Satellites in a Bid to Bring Driverless Cars to China

Google Is Going to Let Politicians Spam Your Inbox

US Pandemic Checks Had No Lasting Impact on Poor, Study Shows

Texas Abortion Clinic Provider Plans Move to New Mexico After Court Ruling

One-Tenth of the World Is Hungry, and War Risks Worsening the Crisis

Yellowstone Flooding Reveals Forecast Flaws as Climate Warms

Flood Threat Moves North as Sydney Area Emergency Eases

Wildlife Revival Sparks Conservation Craze in New Zealand’s Capital

Here’s Where Car Payments Cost More Than Rent in the US

Intel Bets 17 Billion Euros on a Tech Revival in Eastern German

Crypto Exchange Bitstamp Cancels Plans for ‘Inactivity Fee’

Crypto Lender Genesis Confirms Exposure to Bankrupt Three Arrows Capital

Investors Take Bitcoin Off Exchanges as Crypto Winter Settles In

Threats to cancel investments and political point-scoring show that both lawmakers and chip executives don’t have their head in the game.

The global semiconductor industry has gone from imploring the US government to hand out corporate welfare, to threatening the cancellation of investments should the money not come through. They’re desperate moves that belie the tenuous economics upon which an American chip revival is being built, and Congress’s willingness to risk credibility to gain political points.

Intel Corp. last week pulled the plug on the groundbreaking for its own Ohio factory to protest Congress’s slow passage of a bill that would provide $52 billion of incentives to chipmakers, the company told Bloomberg News, and CNBC, and the Wall Street Journal, and the Washington Post. And just about anybody who’d listen.