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Temperature surge across India raises risk of blackouts, even deaths
India's bracing for what might be a hotter summer than usual
 "Temperature surge across India raises risk of blackouts, even deaths")
Bitcoin drops again below $30,000 on account of interest rate fears
The largest token fell as much as 4.5% before paring some of the slide to trade at about $29,175 as of 11:50 a.m. in London on Wednesday
 "Bitcoin drops again below $30,000 on account of interest rate fears")
Equities, other risk assets may be hit as $800-bn stimulus fades, says Citi
The risk rally has been fuelled by the injection of over $1 trn of central bank liquidity, and high-frequency liquidity indicators suggest this is already stalling
 "Equities, other risk assets may be hit as $800-bn stimulus fades, says Citi")
Beijing hospital fire death toll rises to 29 as public anger grows
Initial media reports about the fire were scant. Footage of the fire was also censored on social media at first
 "Beijing hospital fire death toll rises to 29 as public anger grows")
Netflix sees stronger second half on password-sharing crackdown in US
The company, which reported a lower-than-expected subscriber gain for the first quarter, has been testing ways to reduce account sharing in Latin America, and rolled out a plan to charge such users
 "Netflix sees stronger second half on password-sharing crackdown in US")
Meta prepares more layoffs across its platforms for 'greater efficiency'
Meta already cut about 13% of its workforce, or about 11,000 jobs, in November. It also extended a hiring freeze through the first quarter
 "Meta prepares more layoffs across its platforms for 'greater efficiency'")
Ending deforestation likely to cost more than $130 billion a year: Report
It would likely cost more than $130 billion a year to end deforestation by the end of this decade, according to a report from a group of financiers, energy industry executives and academics
 "Ending deforestation likely to cost more than $130 billion a year: Report")
Disney poised to eliminate thousands of jobs next week to cut annual costs
As part of that effort, the company is paring its commitment to general entertainment, focusing more on franchise properties and well-recognized brands
 "Disney poised to eliminate thousands of jobs next week to cut annual costs")
Apple readies arsenal of apps for new headset; aims to win over wary users
The offerings will include gaming, fitness, collaboration tools, new versions of Apple's existing iPad features, and services for watching sports
 "Apple readies arsenal of apps for new headset; aims to win over wary users")
Fox defamation trial over election resumes after settlement push
The trial in Delaware state court, which is to last six weeks, got back underway Tuesday as 12 jurors and 12 alternates were selected after two days in an unusual anonymous process
 "Fox defamation trial over election resumes after settlement push")
Hunger stalks 48 million people in West Africa amid supply curbs
Food inflation has surged in Africa since Russia invaded Ukraine in February 2022
 "Hunger stalks 48 million people in West Africa amid supply curbs")
China's consumer-driven growth gives boost to economy worldwide
Gross domestic product expanded 4.5% last quarter from a year earlier, official data showed Tuesday, beating economists' expectations
 "China's consumer-driven growth gives boost to economy worldwide")
Tata Steel in talks to raise up to $400 million in offshore green loan
No final decision has yet been taken and details may still change, according to the people. Bloomberg-compiled data indicate this would be Tata Steel's first green loan
 "Tata Steel in talks to raise up to $400 million in offshore green loan")
FTX crypto exchange restart plan draws possible bid From tribe capital
Founded in 2018, Tribe was a venture investor in both FTX, the international exchange, and FTX US, the American entity
 "FTX crypto exchange restart plan draws possible bid From tribe capital")
China's uncertain reopening prompts Malaysia Air to target Indian market
Malaysia Airlines will operate 60 flights a week to South Asia this year, compared with just 27 services to China
 "China's uncertain reopening prompts Malaysia Air to target Indian market")
J&J May Need to Defend Baby Powder Cancer Suits After 19-Month Pause
The company says it has a deal backed by as many as 80,000 claimants, which should be enough to meet a key legal threshold to push a settlement worth $8.9 billion through bankruptcy
 "J&J May Need to Defend Baby Powder Cancer Suits After 19-Month Pause")
Bitcoin stalls near $30,000 after the token's biggest drop in over a month
Recent economic data have helped to firm bets on a quarter-point Fed rate hike in May while tempering projections for subsequent policy easing
 "Bitcoin stalls near $30,000 after the token's biggest drop in over a month")
Garment factories in Bangladesh at increased fire risk as temperatures soar
A severe heat wave, with temperatures touching 42 degrees Celsius, is sweeping parts of Bangladesh and is likely to continue, according to the Met Office
 "Garment factories in Bangladesh at increased fire risk as temperatures soar")
In a bid to curb inequality, India eyes higher capital gains tax for rich
India's reliance on indirect taxes - levies on consumption - rather than direct taxes on capital is often cited by economists as the main culprit behind the country's poor getting left behind
 "In a bid to curb inequality, India eyes higher capital gains tax for rich")
GSK to acquire Canada-based Bellus for $2 billion to gain cough medicine
The takeover will bring GSK a cough medicine that's shown promising results in clinical trials and has advanced through much of the research process
 "GSK to acquire Canada-based Bellus for $2 billion to gain cough medicine")