Bloomberg Stocks fall in Asia Friday as China unexpectedly opted against cutting a key policy interest rate, a reduction that had been widely expected to support an economy hamstrung by Covid-19 lockdowns. Equities were mixed on the mainland and fell in Japan and South Korea, among the few markets open amid Easter holidays. China has indicated it will reduce …

Bloomberg The world needs to be preparing for downside scenarios relating to Covid-19, the deputy chief of the International Monetary Fund (IMF) said, calling for billions of dollars in grants to bolster pandemic preparedness. “What I’m worried about is that everybody’s hoping for the best-case scenario, which is that this is a mild, endemic virus — but what experts tell …

  Bloomberg The majority of China’s massive desert renewable power project will be built after 2025, and most of the capacity in the first phase will come from solar, according to a researcher from the country’s largest grid operator. The details fill in some gaps about the country’s plans to build 455 gigawatts of wind and solar power across the …