Monday newspaper round-up: Climate talks, Deutsche Boerse, bank stress tests, Cyber Monday

India’s prime minister has issued a blunt warning that rich nations still have a moral imperative to lead the fight against global warming, highlighting the challenges facing the UN climate talks starting in Paris on Monday. Weighing into one of the most divisive issues at the talks, Narendra Modi writes in Monday’s Financial Times that advanced countries that “powered their way to prosperity on fossil fuel” must continue to shoulder the greatest burden. “Anything else would be morally wrong,” he says. – Financial Times

Deutsche Börse is to follow in the footsteps of the London Stock Exchange Group by encouraging investors to trade large blocks of shares hidden from public view without breaching new rules on controversial “dark pools”. The operator of Germany’s largest stock exchange on Monday will launch an amended form of share “placements” on its public market — a type of order that may only been seen by people involved in similar ​deals. – Financial Times

The International Monetary Fund is to give the yuan a historic vote of confidence on Monday when it includes the Chinese currency in its elite club of major currencies. The yuan, also known as the renminbi, is widely expected to be added to the IMF’s group of international reserve currencies after an IMF meeting held by its managing director Christine Lagarde. – Telegraph

Nissan will begin making its luxury Infiniti cars in Sunderland this week as part of a £250m investment in the factory, a landmark move that heralds a massive triumph for British industry. For the first time, the Japanese carmaker has chosen to build an upmarket model in Europe, a decision that represents a huge vote of confidence in the north-eastern factory, which has become one of the country’s biggest manufacturing success stories. – Telegraph

Britain’s biggest lenders are braced for a decision by the Bank of England on whether they are strong enough to withstand turmoil in global markets, as Threadneedle Street considers restrictions on their activities to slow down the growth in consumer lending. The results of the annual health check on six banks – Barclays, HSBC, Santander UK, Standard Chartered, Lloyds Banking Group and Royal Bank of Scotland – and Nationwide building society are released on Tuesday and will determine whether the institutions need to tap investors for cash or take other steps to bolster their financial strength. – Guardian

Britain’s retailers are hoping the flat reaction to Black Friday on the high street, when shoppers preferred trawling the internet to visiting a department store, will pay off on Cyber Monday as the pre-Christmas discounting spree moves online. Imported from the US like its Black Friday cousin, Cyber Monday is forecast to bring in more than £900m for online retailers – up nearly a third on last year. By the end of Cyber Monday, total sales over the four-day shopping event will surpass £3bn in the UK, some analysts have predicted. – Guardian

The operator of Britain’s biggest power station has warned that meeting the nation’s electricity needs will be a close-run thing for years as ageing coal plants are retired from service. Dorothy Thompson, the chief executive of Drax, the North Yorkshire power plant that generates 7 per cent of the country’s electricity from burning coal and wood, said there was “no question we are getting to a tight situation”. – The Times

One of the City’s best-known fund managers is sitting on a $24 million paper loss on his holding in an American drugs developer dogged by allegations of financial impropriety. Concerns about the allegations prompted Neil Woodford to call on the board of Northwest Biotherapeutics, a Nasdaq company, to appoint as non-executive director a former FBI agent he has hired to investigate them. Elliott Leary met the board this month after the company apparently agreed in principle to his appointment. – The Times