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Bloomberg
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IMF, World Bank raise concerns over worsening global economic outlook
The IMF currently forecasts global growth will be 2.7% next year, slowing from 3.2% this year
 "IMF, World Bank raise concerns over worsening global economic outlook")
Tesla to suspend output at its China factory partly due to slowing demand
Consumer demand for cars in China has been dented by the country's still strict approach to Covid
 "Tesla to suspend output at its China factory partly due to slowing demand")
Chinese stocks to outperform global peers as curbs ease: Morgan Stanley
Average daily turnover for China's ChiNext Index and overall mainland-traded A-shares increased 25% and 19% respectively
 "Chinese stocks to outperform global peers as curbs ease: Morgan Stanley")
What to expect from Indian equity markets in 2023 as performance cools
While India has been a standout market this year, with the NSE Nifty 50 Index up above 7%, compared to an 18% slump in global stocks, it remains the most expensive in Asia
 "What to expect from Indian equity markets in 2023 as performance cools")
End of Covid Zero policy threatens to overwhelm China with infections
The world's most populous nation is rapidly abandoning the mass testing, lockdowns and centralized quarantine that defined the stringent, three year-old policy
 "End of Covid Zero policy threatens to overwhelm China with infections")
Elon Musk's spat with San Francisco could spur Twitter relocation
Elon Musk's first big conflict with the city of San Francisco could result in the company fleeing the city
 "Elon Musk's spat with San Francisco could spur Twitter relocation")
Walmart's payments startup PhonePe seeks to raise $1 billion: Report
The company is in talks with SoftBank Group Corp.'s Vision Fund, an investor in PhonePe's parent entity Flipkart, although Walmart will remain top investor, the people said
 "Walmart's payments startup PhonePe seeks to raise $1 billion: Report")
Net zero will radically change how we use and generate electricity
In BloombergNEF's baseline scenario, the Economic Transition Scenario, power consumption grows by about two-thirds between 2020 and 2050
 "Net zero will radically change how we use and generate electricity")
How world's oldest digital currency could solve climate change crisis
But what if there was an overlooked digital currency that could help to solve the climate crisis, rather than just doing less to exacerbate it?
 "How world's oldest digital currency could solve climate change crisis")
India unveils Rs 2.2 trillion plan to upgrade grid for clean power
The project will connect solar plants in the sun-drenched deserts of Rajasthan and Gujarat and wind farms in Tamil Nadu to the national network
 "India unveils Rs 2.2 trillion plan to upgrade grid for clean power")
Fifa World Cup fans on pace to spend record amounts at tournament venues
With 10 days to go until the end of the Fifa World Cup, fans have already spent more money than they did when Brazil hosted in 2014, and 89% of the value they spent at Russia in 2018
 "Fifa World Cup fans on pace to spend record amounts at tournament venues")
G-7 price ceiling on Russian oil not low enough to hit Kremlin's revenues
European officials touted the cap - negotiated last week after months of haggling among the US and its allies - as a way to starve Russia's war machine
 "G-7 price ceiling on Russian oil not low enough to hit Kremlin's revenues")
Power giant NTPC plans nuclear expansion as India chases climate goals
The state-run company aims to install 20 to 30 gigawatts of nuclear capacity by 2040
 "Power giant NTPC plans nuclear expansion as India chases climate goals")
Majority of China's population may contract Covid, warns health adviser
About 80 to 90% of the Chinese population may eventually be infected with the virus
 "Majority of China's population may contract Covid, warns health adviser")
Facebook, Twitter poised to beat suit over Covid vaccine misinformation
The proposed class-action lawsuit tried to get around law by claiming that Meta's Facebook and Twitter breached their contracts with users
 "Facebook, Twitter poised to beat suit over Covid vaccine misinformation")
Ex-Theranos president Ramesh Balwani gets 13-year prison term in fraud case
Former Theranos Inc President and Chief Operating Officer Ramesh "Sunny" Balwani was sentenced to 13 years in prison for defrauding investors and patients of the company
 "Ex-Theranos president Ramesh Balwani gets 13-year prison term in fraud case")
Elite US colleges try to navigate a world where the SATs are optional
As deadlines loom for the Class of 2027 - Jan. 1 is the big day at many top institutions - American higher ed is in the middle of a grand experiment in "test-optional" admissions
 "Elite US colleges try to navigate a world where the SATs are optional")
Germany busts plot to put ex-royal back in power, detains 25 people
Prosecutors said the group was inspired by the deep state conspiracy theories of Germany's Reichsbuerger and QAnon, whose advocates were among those arrested after the storming of the U.S. Capitol
 "Germany busts plot to put ex-royal back in power, detains 25 people")
Fullerton acquisition deal: Sumitomo Mitsui Group faces $670-mn tax bill
The South Asian govt's tax department has asked the bank to pay the amount on behalf of seller Fullerton Financial Holdings Pte, arguing that it should have withheld the sum during the acquisition
 "Fullerton acquisition deal: Sumitomo Mitsui Group faces $670-mn tax bill")
What we have learned three days into the price cap on Russian oil
The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation
 "What we have learned three days into the price cap on Russian oil")