Five Things You Need to Know to Start Your Day

India shifts 50,000 troops to the border with China. Crypto exchange Binance is banned in the U.K. And UBS will allow up to two-thirds of its workers to adopt a hybrid work-from-home/office model.Here’s what you need to know to start your day.

India has redirected at least 50,000 additional troops to its border with China in a historic shift toward an offensive military posture against the world’s second-biggest economy. Although the two countries battled in the Himalayas in 1962, India’s strategic focus has primarily been Pakistan since the British left the subcontinent, with the long-time rivals fighting three wars over the disputed region of Kashmir. Yet since the deadliest India-China fighting in decades last year, Prime Minister Narendra Modi’s administration has sought to ease tensions with Islamabad and concentrate primarily on countering Beijing. Meanwhile, a bad bank in India that’s expected to launch this month may help reduce one of the world’s worst bad-loan piles.