Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations. Paid subscribers automatically have this list emailed directly to their inboxes every day by 10 a.m. EST. Subscribe here. The Wall Street Journal China’s Microsoft Email Cloud Hack Began With a 2021 Computer Crash — Cryptographic key that hackers used to access to Microsoft’s cloud was stored by mistake on company’s corporate network for over two years. Huawei’s Breakthrough Still Shows China’s Limits in Tech Race — New phone from the sanctioned company doesn’t mean China can keep up with global tech. Apple Faces New Challenge in China as Huawei Releases High-Speed Phone — With 5G-like speeds, the device creates buzz among Chinese fans. Feeble German Economy Faces Fresh Contraction as Factories Falter — Higher energy costs