ENVIRONMENT
Less than 1% of Earth has safe levels of air pollution, study finds
About 99.82 percent of the global land area is exposed to levels of particulate matter 2.5 (PM2.5) above the safety limit recommended by the Word Health Organization
BUSINESS
Asia investors beat the market when they bet on women, BofA says
A basket of the MSCI Asia Pacific Index’s members with the highest proportion of women in management posted average five-year returns that were four percentage points higher than the benchmark
BUSINESS
Meta plans to lay off thousands more this week
The world’s largest social networking company is eliminating more jobs, on top of a 13 percent reduction in November
POLITICS
Canada's Trudeau orders review of alleged Chinese election interference
A series of media reports in recent weeks said Trudeau received intelligence briefings alleging that China meddled in both the 2019 and 2021 votes that returned the prime minister to power
BUSINESS
JPMorgan expects another busy year for dealmakers in India
India — and its fast-growing economy — has emerged as a big bet for global financial firms, even though recent troubles at billionaire Gautam Adani’s business empire have dented the allure
BUSINESS
Goldman Sachs recommends buying Apple shares for first time in six years
Analyst Michael Ng just took over coverage of the company, whose large user base he says will help the iPhone maker grow its services business.
MARKETS
World’s riskiest markets stumble into crisis with dollars scarce
In some of the world’s most vulnerable developing nations, the situations on the ground are dire.
WORLD
Metals feel chill as Beijing shies away from major stimulus
The goal unveiled at the National People’s Congress was below what most economists had been expecting, giving Beijing more room for maneuver after it missed last year’s target by a wide margin.
BUSINESS
Stock market’s fate comes down to the next 13 trading sessions
It all begins Tuesday, when Federal Reserve Chair Jerome Powell delivers his two-day biannual monetary policy testimony on Capitol Hill. With the S&P 500 Index coming off its best week in a month, investors will be searching for any hint on the central bank’s interest-rate hiking path.
WORLD
A landmark UN treaty is poised to curb exploitation of the ocean
The ocean supplies half the planet’s oxygen, absorbs more than a third of carbon dioxide emissions from the burning of fossil fuels and feeds billions of people.
WORLD
China’s growth plans give commodities bulls little to run with
Here’s a rundown of what commodities and energy markets need to know after the first day of the meeting.
WORLD
UK unveils £360 million science plan in pre-Budget growth push
Under a 10-point Science and Technology Framework, a “coordinated cross-government approach” will drive innovation in “trailblazing” technologies like quantum and super computing, artificial intelligence and engineering biology.
BUSINESS
Forget peak oil demand: A thirst for barrels puts $100 in view
After announcing ambitious plans to cut emissions, BP, one of the world’s top crude producers, is now plowing more money into fossil fuels.
BUSINESS
Adani stuffs power plant with $1 billion debt that won’t go down
The Mundra Thermal Power Plant — and its debt, that appears designed to shield Adani Power from extraordinary writeoffs — exemplifies this balancing act, where a single asset writedown could have cascading ramifications
BUSINESS
Alan Blinder says he’s betting against US Fed raising rates to 6%
Now the Princeton University economist tells the What Goes Up podcast that he has toned down that optimism a bit, mostly due to a change in the way the government adjusts inflation data for seasonal factors.
WORLD
Subway’s potential $10 billion sale draws Goldman, Bain: Report
Goldman Sachs Asset Management and Bain, along with private equity firms TDR Capital and TPG, have tabled indicative offers for Subway, the news outlet reported Saturday, citing unidentified people close to the process.
WORLD
Climate change is launching a mutant seed space race
WORLD
Are we in a recession? retailers, brands signal it’s coming in 2023
After the highest inflation in a generation, an increasing group of shoppers — including wealthy ones — are bargain hunting. Savings are dwindling. Consumer debt is piling up. The spending splurge after the height of Covid-19 is over.
BUSINESS
India in talks with Embraer, Sukhoi to make small jets locally
The jets, which typically seat less than 100 people, are likely to be produced in Prime Minister Narendra Modi’s home state of Gujarat
WORLD
SoftBank owned arm IPO’s valuations pitched at $30 to 70 billion
The current range puts the median value of the deal at around $50 billion, a target that’s been touted by multiple bankers, according to the people. Parent company SoftBank Group Corp. had been seeking a $60 billion valuation last year, Bloomberg News previously reported.
BUSINESS
iPhone maker Foxconn plans $700 million plant in Bengaluru
The Taiwanese company, also known for its flagship unit Hon Hai Precision Industry Co., plans to build the plant to make iPhone parts on a 300-acre site close to the airport in Bengaluru, the capital of the southern Indian state of Karnataka, according to the people, who asked not to be named as the information is not public.
BUSINESS
GQG Partners: How Rajiv Jain built a $92 billion stock empire
This formula has proven spectacularly successful. In less than seven years, Jain, the former chief investment officer at Vontobel Asset Management, has built GQG into a $92 billion powerhouse. Few, if any, startup funds in recent memory have raised so much money in so little time, according to Morningstar Direct.
WORLD
World Bank nominee Ajay Banga is a ‘big believer’ in climate science
“There’s enough scientific evidence that I’m a big believer in,” Ajay Banga said in a group interview Thursday at the US Treasury Department, adding that poverty alleviation and environmental issues are “intertwined.”
BUSINESS
Adani bonds still shaken even as $153 billion stock rout eases
The stock-market abyss that the ports-to-power conglomerate remains in and uncertainties over credit ratings continue to fan worries about its access to funds following a short seller attack.
