let's get the first word news from simone foxman. she is very much present. she is in doha. simone. simone: thanks. it's johnson will announce his long-awaited plan to read from social care later today. he risks a major dispute over a tax rise that could hit young people the hardest. he confirms a 10 billion pound increase in national insurance payments would break a pledge in the conservative party's 2019 election manifesto. prosecutors in the northern chinese city have dropped their case against a former alibaba manager accused of sexual assault by a subordinate. they say the man's behavior did not constitute a criminal offense but local police detained him for a lesser offense of indecency. the man's arrest in august sparked widespread debate about the treatment of female workers at companies in china. london's underground had its busiest morning since before the pandemic yesterday. office workers returned to their desks and schools reopened. within 800 30,000 people used the tube during the peak hours, a rise of 17% from the previous week. daily usage is now at about half of its

here is simone foxman. t has delayed the release of the top and sequel in the next year as hollywood continues to wrestle with the pandemic who has kept many from theaters. the film starring tom cruise was expected to debut in november and was said moved to may. exclusively in cinemas rather than trying to pursue a simultaneous release on a streaming service. wells fargo pushed back its return to office plans by two more weeks to mid-october. the company, which has the most employees of any u.s. bank, will bring back staffers working remotely starting october 18. apple has resolved a long-running dispute with third party app developers, i'll delete -- agreeing to links for sign-ups. which means many developers will no longer have to pay an app store commission of up to $.35. the changes part of a settlement , and apple says it will be implemented globally early next year. that is your bloomberg business flash. tom: thank you very much. coming up, counting down to elections. three weeks away. we look at what

let's get the first word news with simone foxman. simone: new york and new jersey have declared states of emergency due to record-breaking rain. the remnants of hurricane ida pummeled the region. central park got three inches of rain. new york and new jersey got 6.4 inches in three hours. roughly the equivalent of seven weeks of average rainfall. halted train services, down trees, and swamped streets. of the u.s. supreme court refused to block a texas law outlawing most abortions after six weeks of pregnancy in a 5-4 ruling. it marks a watershed ruling allowing a law to stand at odds with previous rulings that protect abortion rights, though much later in pregnancy. the order hints of the conservative court may be ready to overturn the landmark 1973 roe v. wade ruling. apple is asking all u.s. employees to report vaccination status. they are telling workers to voluntarily declare if they have been inoculated i september, regardless of whether they are working remotely or from an office. unlike several tech sector peers, apple is not m

let's get to the first word news with simone foxman endo ha -- in doha. e: president biden will host the leaders of india, japan and australia next week. among the topics, countering china's spending influence in the asian the first in person summit for the group known as the quad will help biden's goal of making the region a top priority for foreign policy. they will also include the pandemic and climate change. norway's pro-oil labour party is on track to oust the conservative led government. after an election, the coalition headed by a billionaire looks poised to secure a five state majority in parliament. the victory means a social democrats and lead all of the nordic governments except for iceland. intuit has agreed to buy mail chimp for $12 million in cash and stock, uniting two providers of services there's -- services for small business. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. manus? manus: thank you very much. coming up, a london

let's get first word news with simone foxman. clared an end to two decades of u.s. military operations in afghanistan. he offered a defense of his withdrawal plan. speaking from the white house the day after the last american forces left the country, he called the airlift of more than 120,000 people unprecedented. he said he was not going to extend the war forever. pres. biden: we succeeded in what we set out to do in afghanistan over a decade ago. then, we stayed for another decade. it was time to end this war. simone: in california firefighters battle to keep the raging wildfire out of south lake tahoe. have been able to keep the blaze away from homes and cabins. it is one of more than one dozen wildfires that are major in california. global news, 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. tom: simone foxman. with less than a few weeks before the german election, one pulls five points ahead of angela merkel. the cdu counsel

tom: simone foxman indo hop.up, we hear from egypt's finance minister, his thoughts on inflation, the impact on the fed taper timeline, and capital flight. that is next. this is bloomberg. ♪ tom: welcome back. this is "bloomberg daybreak: europe." let's focus on egypt. manus cranny has been in cairo at the international cooperation forum. you have been speaking with ministers and executives. what have you learned? manus: this is a minister ready for anything. they are working in response to a big report talking about debt servicing and international investor confidence. the minister said inflation is transitory, and he is preparing for the long haul. >> not permanent. why? with low inflation, low interest rates environment, so with covid-19, you spend the money with this stimulus package. after that, it should be high and also distraction and supply, with demand starting to pick up. the imbalance caused the inflation that we are witnessing now. once the current imbalance is back to balance, i'm expecting inflatio