The selloff in Gautam Adani’s empire accelerated on Friday, erasing almost $45 billion of market value in less than two sessions as Asia’s richest man struggles to contain the fallout from a scathing report by US short seller Hindenburg Research.

It’s piling pressure on the Indian tycoon as it erodes his net worth. Concerns about the group’s finances have percolated throughout the tycoon’s rise. But the Hindenburg report alleging fraud has put a harsh spotlight on the group’s corporate governance — as well as that of India as a whole. https://bloom.bg/3HA3UeU

Chinese internet giant, Baidu, is planning to debut an artificial intelligence chatbot service in March, according to sources. The tool, which remains unnamed at this point in time, will allow users to receive conversation-style search results similar to OpenAI’s ChatGPT, marking China's most prominent entry in the race to adopt AI.

The news comes after ChatGPT gained interest in China, with some users sharing conversations over social media despite internet censorship. https://bloom.bg/3XTU1ic

A powerful earthquake struck southern Turkey before dawn on Monday killing multiple people. Rescue workers are racing to save a number of people trapped after apartment buildings collapsed in several provinces, the government said.

The quake with a preliminary magnitude of 7.4 struck at a depth of 5 kilometers with an epicenter near the city of Gaziantep, according to Turkey’s Kandilli observatory based in Istanbul. GFZ Helmholtz Centre Potsdam put the magnitude of the quake at 7.7. https://bloom.bg/3HyB0uB

Baidu surges after affirming it’s on track to publicly roll out its ChatGPT-like service in March, stoking anticipation around potentially China’s most prominent entry in the race to create lifelike AI bots. https://bloom.bg/3I1UZDb

India's central bank slows the pace of rate hikes, raising the cost of borrowing money to 6.5%, to tamp down core inflation https://bloom.bg/3I6HuSL

Hong Kong will stop requiring masks to be worn in public places from Wednesday, drawing to a close the prolonged Covid era that damaged its economy and standing in the world.

Masks will no longer be needed outdoors, indoors or on public transport, Hong Kong leader John Lee said. https://bloom.bg/3J1nVMp

A passenger train collided with an oncoming freight train in northern Greece early Wednesday, killing 16 people and injuring at least 85, fire service officials said.

Multiple train cars derailed and at least three caught fire at the site near Tempe, some 380 kilometers (235 miles) north of Athens. https://bloom.bg/3IHij8m

China set a modest economic growth target for the year, a sign the nation’s top leaders are still concerned about the recovery, given weak consumer confidence, declining exports and a housing market still under pressure.

Beijing will target gross domestic product expansion of around 5% for 2023, Premier Li Keqiang said in his final government work report to the National People’s Congress — the annual parliamentary gathering — on Sunday. https://bloom.bg/3yfbsOI

Apple is shaking things up and overhauling international sales to focus on India, signaling the nation's growing prominence for the tech giant.

The shift will mark the first time that India becomes its own sales region at Apple. The news comes as the company began producing some iPhone models in the country to diversify beyond China. http://bloom.bg/3JrB6X0

SVB, a lender little-known outside of Silicon Valley, has sparked a wave of panic in tech circles that dragged down banking shares around the world.

Events snowballed after Silicon Valley Bank announced a share sale to shore up its finances, following a significant loss on its portfolio. Here's what you need to know: https://bloom.bg/3l6T5IX

LIVE BLOG: The consequences of the collapse of Silicon Valley Bank continue to play out across the globe.

Join us for news, analysis and market reaction to this developing story. https://bloom.bg/3JauGdp

Everything Everywhere All at Once” wrapped its hot dog fingers around Hollywood’s top prize, winning Best Picture along with awards for Michelle Yeoh, Ke Huy Quan and Jamie Lee Curtis.

Daniel Kwan and Daniel Scheinert’s metaphysical multiverse comedy emerged as an improbable Academy Awards heavyweight with seven wins. https://bloom.bg/401gz0Z

Biden plans to hold a phone call with Chinese President Xi Jinping once the legislature concludes its annual gathering and the government in Beijing returns to work, National Security Adviser Jake Sullivan says. https://trib.al/g7OS5XS

After imposing three years of sacrifice, President Xi's government let Covid tear through China's population in two months. Moving on won’t be easy. https://trib.al/xrhR0Cn

The collapse of Silicon Valley Bank was swift and brutal, leaving much of the world to wonder what will come next. Here's how the US Federal Reserve is handling the crisis. https://trib.al/R5MdLAl

US prosecutors were investigating Signature Bank’s work with crypto clients before regulators suddenly seized the lender this past weekend, sources say.

Justice Department investigators were examining whether the New York bank took sufficient steps to detect potential money laundering by clients — such as scrutinizing people opening accounts and monitoring transactions for signs of criminality, sources added. https://bloom.bg/3TiQVCT

Asia's Richest: A reversal in the extraordinary growth of Indian family fortunes has dragged down the overall net worth of Asia's wealthiest. From Ambanis to the Mistrys, here are the 20 richest families in the region right now. https://trib.al/MDCSzYV

India-Russia: US officials proclaimed themselves satisfied that India is buying Russian oil below G-7 price caps. But market experts say it’s not so clear. https://trib.al/hkTtNmA

India Power: Coal India, which accounts for about four-fifths of the nation’s output of the fuel, is aiming to boost supplies to power plants this summer as unusually hot weather drives electricity demand. https://trib.al/4V0kEMw

Swiss National Bank will provide Credit Suisse liquidity if necessary. Here are five key takeaways from today's coverage of Credit Suisse’s latest turmoil and the ripple effect it had on global markets. https://trib.al/wvwofav

OpenAI's GPT-4 does appear to present more in-depth answers to questions — and offer more details to users about the limits of its generative capabilities — than GPT-3. Here’s what else we learned after using the new AI model. https://trib.al/DegBxiE

T-Mobile US is buying Mint Mobile, the low-cost wireless service part owned by Ryan Reynolds, for as much as $1.35 billion in an effort to bolster its prepaid phone business and reach more lower-income customers. https://trib.al/vyPU7qv

India Correction: India’s benchmark Nifty 50 Index is headed for a technical correction as global markets get rattled by turmoil at Credit Suisse. https://trib.al/TFzN2AB

CS-Troubles: Indian tycoon Gautam Adani, Japanese billionaire Masayoshi Son, and Alibaba’s founders have all had banking relationships with Credit Suisse. Here's a snapshot of how deposits are protected across parts of the globe. https://trib.al/8NsGicV

Logistics Boom: Global investors including Investcorp and Panattoni are betting on India's warehouses, as companies diversify supply chains beyond China. https://trib.al/fI0WcPA

One major question is: How long India can stay close to both the US and Russia while they themselves pull further apart over the war in Ukraine? https://trib.al/k8vqqOR

Microsoft's software, including Excel, PowerPoint, Outlook and Word, will begin using OpenAI’s new GPT-4 artificial intelligence platform. https://trib.al/XHBjcLm

South Korean marriages fell to a new record low last year, auguring a further downshift in the country’s dismal fertility rate. https://trib.al/Rqvr2Of

Tata Surprise: TCS CEO Rajesh Gopinathan unexpectedly resigned from Asia’s largest IT services firm. Citi called his six-year tenure “stellar,” during which shares nearly tripled. https://bloom.bg/3FuIgr8

Now Hiring: Boeing and Airbus are seeking highly skilled engineers to expand their manufacturing in India. Air India made a blockbuster order for 470 aircraft last month, split between the planemakers. https://bloom.bg/42j88ju

Going Viral: Noticing more extravagant pre-wedding videos in your feed? Those Bollywood-esque productions — complete with dance routines and movie-style sets — can cost more than the honeymoon. https://bloom.bg/3JLSAxz

Credit Suisse turmoil: UBS is reportedly in talks to take over all or part of rival lender Credit Suisse. But sources say the money-losing investment banking unit is a key sticking point in government-brokered negotiations. https://bloom.bg/40mUES9

Silicon Valley Bank may have a new suitor. North Carolina-based lender First Citizens is among a handful of potential buyers considering an offer for the failed bank, sources say. https://bloom.bg/3TqI6qs

All eyes on the Fed: The US central bank will meet this week and decide whether to keep raising interest rates to cool inflation, or pause during market volatility fueled by recent bank failures. https://bloom.bg/3FvxUqY