Countering China: Africa has become the second-largest recipient of credit from India as the country tries to catch up with China in expanding its influence in the resource-rich continent. https://tinyurl.com/3phcasus

Testing limits: As global temperatures hit record highs, heat waves are more frequent and acute. Here's everything you need to know about the impact of extreme heat and humidity. https://tinyurl.com/2p8d8zfx

Return to India: HSBC said it began private banking operations in India, marking a return to the market as Europe’s largest lender seeks to serve the nation’s growing rich. https://tinyurl.com/mu2p5spm

Nuclear worries: Concerns are intensifying that the Russian-occupied Zaporizhzhia nuclear reactor in southern Ukraine could be the target of fresh attacks. https://tinyurl.com/bd733bb4

Calling reinforcements: Russia is preparing to send more Chechen fighters and convicts to Ukraine to fill holes left by Wagner mercenaries that were pulled from the battlefield, European intelligence officials believe. https://tinyurl.com/3r7bub3v

Currency curbs: Ukraine is gearing up to ease wartime limits on foreign currency in order to spur the economy. https://tinyurl.com/ms4yk8nu

Perils of digital India: A rise in cyberattacks poses a vital risk to India’s economic ambitions, with industries from manufacturing to pharmaceuticals becoming more vulnerable as they digitize operations, according to a Google subsidiary. https://t.ly/NG1U

Road to recovery: Sri Lanka cut its benchmark rate for the second consecutive meeting as faster disinflation gave policymakers the space to focus on recovery from the worst economic crisis in seven decades. https://t.ly/e_QU

Rising wealth: India will see a five-fold increase in its ‘super rich’ families by the turn of the decade and a large chunk of the growth will come from rural areas — home to the nation’s poorest, according to a study. https://t.ly/Fvhe

Slow start: India’s year-old campaign to boost the rupee’s role in cross-border payments has made little headway, sources say, underscoring the challenges for countries trying to reduce their dependence on the dollar. https://shorturl.at/cfsJ8

Food inflation: Indian tomato prices are soaring due to adverse weather, triggering a wave of social media memes comparing the cost of the essential ingredient with anything from petrol to political influence. https://shorturl.at/elKZ2

Threat to startups: One of India’s biggest venture capital firms is turning more cautious in its investment strategy, alarmed by crises at homegrown startups such as ed-tech leader Byju’s. https://shorturl.at/ctGR4

Banks to shine: Banks and consumer companies are expected to drive first-quarter earnings in India, boosted by accelerating economic activity and decade-low bad loans at lenders. https://tinyurl.com/scfea9af

Production tensions: Europe is unable to supply Ukraine with weapons fast enough, as defense contractors ask for long term government guarantees of sales. Read The Big Take. https://tinyurl.com/yc4a72kr

Economic guardrails: Treasury Secretary Janet Yellen’s two-day engagement with top officials in Beijing offered a way for the US and China to contain damage in their economies from the two nations’ intensifying rivalry. https://tinyurl.com/yc8n59xy

Toxic chemicals: Poisoned cough syrup from India killed dozens of kids which should have sparked a wide-ranging investigation. Instead, the authorities cut the probe short. Read The Big Take. https://tinyurl.com/363sab86

Indian iPhone maker: Tata Group, India’s largest conglomerate, is close to an agreement to acquire an Apple supplier’s factory as soon as August, sources say, marking the first time a local company would move into the assembly of iPhones. https://tinyurl.com/mvuvfpt7

Arms push: India is set to sign a naval fighter deal worth nearly $3.3 billion with France when Prime Minister Modi visits this week, the latest defense deal for the South Asian nation. https://tinyurl.com/4f7eytz5

JUST IN: Singapore's prime minister asks the transport minister to take leave as a corruption probe begins https://trib.al/ROz6yDo

Tough competition: Disney is weighing options for its television business in India that include either an outright sale or setting up a joint venture with partners as it faces intensifying competition from local rivals. https://tinyurl.com/2zyckanb

AI push: Wipro, the Indian outsourcing provider, plans to spend $1 billion to train its 250,000 employees in artificial intelligence and integrate the technology into its product offerings. https://tinyurl.com/bdzasksy

Regulating reports: China’s financial regulator asked banks to respond to a bearish research report on the sector by analysts at Goldman Sachs, underscoring heightened sensitivity in Beijing toward negative market commentary. https://tinyurl.com/2xjthpa3

Rice ban: India, the world’s biggest rice shipper, is considering banning exports of most rice varieties, a move that may send already lofty global prices of the food staple higher. https://tinyurl.com/bdhe5t5r

Pepsi bottler: One of the largest PepsiCo bottlers outside the US has surged almost 1,000% over the past six years and there’s speculation next month’s results will set off another leg of the rally. https://tinyurl.com/4dcpy9zt

Rental trouble: South Korea’s archaic rental system is costing people their life savings, with some labeling it a government-sanctioned pyramid scheme. https://tinyurl.com/4vfhbs8z

DEVELOPING: Hotel tycoon Ong Beng Seng has been given a notice of arrest and is cooperating in the graft probe involving Singapore's transport minister https://trib.al/wkJq334

Moon race: India will make a second attempt to send an uncrewed mission to the lunar surface Friday, joining the US, China and others in a new moon race. https://tinyurl.com/59mstck5

Spotty data: Behind India’s record-setting growth lies a glaring caveat: The world’s most populous country has a serious data problem. https://tinyurl.com/yd9xf7vj

Long rally: The yen was on course to notch its longest winning streak since 2018 as speculation mounts that the Bank of Japan will tweak monetary policy this month. https://tinyurl.com/mr29ymjd

BREAKING: China’s economy grows slower than expected in the second quarter versus the Covid lockdown period last year, sending more alarm bells about its recovery https://trib.al/MzjAZDi

G-20 latest: US Treasury Secretary Janet Yellen met Indian Finance Minister Nirmala Sitharaman and said their two countries were "among the closest partners in the world." https://tinyurl.com/mr2ptdch

Advancing plans: Ola Electric is in line for an IPO sooner than its founder previously imagined, reflecting the Indian startup’s whirlwind pace of growth since it started selling electric scooters in late 2021. https://tinyurl.com/32c8424e

Stronger ties: Indonesia and India are planning to settle bilateral transactions in local currencies and link up their fast payments systems to spur cross border fund transfers. https://tinyurl.com/3yccvu47

Tainted eyedrops: Over-the-counter eyedrops containing a deadly superbug slipped past US regulators and onto shelves, revealing a patchwork of cheap-drug oversight. https://tinyurl.com/38n77ay7

Tata's airline ambitions: India’s Vistara airline has begun making plans to merge its staff into Air India, as the country’s industrial Tata family combines the two carriers to rebuild its aviation empire. https://tinyurl.com/5xf87myh

Turning cautious: For more than a decade, Barclays has been the go-to bank for billionaire Adani. But an explosive report by short-seller Hindenburg is prompting the bank to pare its exposure. https://tinyurl.com/2mu57je8

Singapore has replaced Japan for having the world’s most powerful passport, allowing visa-free entry to 192 global destinations, according to the latest Henley Passport Index https://trib.al/7gE0LEf

Billionaire Jorge Mas persuaded Lionel Messi, the world’s biggest soccer star, to join a team that's last place in its league.

Now he needs to make it pay off https://trib.al/iM2mSJl

G-20 latest: Finance chiefs from an assembly of the world’s biggest economies failed to reach a consensus over a framework that could be applied to restructuring the debt of distressed poorer nations. https://tinyurl.com/yr6bduyb

Eyeing corporate philanthropy: World Bank President Ajay Banga is preparing to pitch for private capital and corporate social responsibility funds to augment current sources of financing. https://tinyurl.com/4rnufy2u

US soldier: About 20 Americans have been detained by North Korea since the end of the 1950-1953 Korean War. There has never been an easy way for Washington to win their return. https://tinyurl.com/64pnuzy7

Exclusive: Apple is developing generative AI tools and an internal chatbot app dubbed “Apple GPT” that could take on OpenAI and Google https://trib.al/iJ3VisI

Streaming war: Amazon will start streaming BBC shows in India, opening up a new front in an intensifying entertainment war with the likes of Asia’s richest man, Mukesh Ambani, in one of the world’s largest media markets. https://tinyurl.com/4kcnz7xu

Taj Mahal: Extreme weather is a threat to cultural sites all over the world, but rising flood waters may turn out to be positive for the Taj Mahal. Here's why. https://tinyurl.com/y7errb6y

Mumbai slum: Gautam Adani, the Indian tycoon who controls the port-to-power conglomerate, intends to turn one of Asia’s largest slums into a modern city hub after his real estate unit received the government’s approval to start redevelopment. https://tinyurl.com/yu787bbn

Tech troubles: India's tech bellwether Infosys fell 10% in early trading after a cut to its annual sales forecast spurred renewed concerns that companies will hold off on technology spending for longer than anticipated. https://tinyurl.com/mrx5vzx4

Poor man's grain: For almost 8,000 years, millet has been nourishing the world without getting much attention. But now the nutrient-rich grain is showing up at the White House and in Michelin-starred restaurants. https://tinyurl.com/ybrtr6fu

Wild allegations: Bankrupt FTX's latest lawsuit against Sam Bankman-Fried and his former top executives revealed new details, including an accusation about a plan to purchase the tiny island nation of Nauru. https://tinyurl.com/3vh47c2n