Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Almost $1 billion of leveraged crypto positions were liquidated during another sharp drop in prices on Monday that brought fresh momentum to a wide-ranging selloff.

(2) The European Union’s top diplomat expressed concern that US attempts to push Ukraine into a lopsided peace plan would only encourage Russia’s warmongering as Kyiv’s allies brace themselves for a week of talks to end Moscow’s invasion.

(3) As Europe embarks on a historic rearming effort, its defense companies are scrambling for a vital component in high-tech weapons: rare earth minerals, which more nimble US rivals are scooping up.

(4) The UK will adopt a more pro-business approach to China but not trade its national security for greater trade ties, Keir Starmer said as he sought to clarify his Labour administration’s approach to the Asian nation.

(5) The dispute between China and Japan could drag on for a year, Taiwanese Foreign Minister Lin Chia-lung said, adding Taipei hoped the two sides can find a way to resolve their differences.

Podcast Conversation: The Ultimate Foodie Gifts for Anyone Who Likes to Cook and Eat (1)