Amazon founder Jeff Bezos and President Joe Biden are at loggerheads over inflation. Bezos has attacked Biden for “misdirection” over claims that billionaire tax avoidance is fueling record price pressures. Former Federal Reserve Chairman Ben Bernanke tells CNBC exclusively that the U.S. is likely to dodge a severe recession, but that it was a “mistake” that the central bank delayed acting on soaring inflation. Chinese tech stocks are higher after positive comments on the sector from JPMorgan. Tesla CEO Elon Musk has not ruled out lowering his bid for Twitter following comments about the amount of bots found on the platform. And in France, President Emmanuel Macron appoints Elisabeth Borne as Prime Minister, the first woman to hold the post in 30 years.

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