WORLD
London’s bakery scene is exploding. Here are 13 of the best shops to try now
Here are 13 of the best shops to try now
WORLD
Janet Yellen sees soft landing as ‘possible’ outcome for US economy
Yellen comments, delivered Friday to reporters at a briefing on the sidelines of the Group of 20 meeting of finance ministers and central bank governors in Bengaluru, India, echo her more positive tone on the global economic outlook outlined a day earlier.
WORLD
Sun, Sand and no inheritance tax fuel property boom in Mauritius
Now, a new player is upping the ante for leisure-seekers. Kerzner International, developer of the Atlantis The Royal – the ultra-luxury Dubai hotel that recently hosted Beyonce in a $100,000-a-night suite – is investing about $100 million in 52 ultra-exclusive villas on Mauritius’s eastern coast.
WORLD
China prepares to police AI as ChatGPT frenzy spreads
The government will push for the safe and controllable application of AI services, which it considers a strategic industry, officials from the Ministry of Science and Technology told reporters on Friday.
BUSINESS
Adani Group to hold Asia fixed-income roadshow next week
The Indian conglomerate will hold the roadshow on Feb. 27 in Singapore, and Feb. 28 to March 1 in Hong Kong, according to a person, who asked not to be identified discussing a private matter.
BUSINESS
PineBridge looks past Adani saga to load up on stocks in India
The stock meltdown offered an entry point into what’s historically an expensive market, according to Kelly, who also sits on PineBridge’s management committee.
WORLD
China calls for cease-fire as war in Ukraine enters second year
The 12-point plan issued by the Foreign Ministry in Beijing Friday called for ending hostilities, protecting nuclear plants, resuming peace talks and eliminating sanctions.
WORLD
Onion shortage threatens a new chapter in world food crisis
In the Moroccan capital Rabat, Fatima no longer buys onions and tomatoes because they are too expensive. She gets artichokes to cook tagine instead. “The market is on fire,” said the mother of three.
WORLD
Alibaba pushes cost cuts as revenue growth remains sluggish
The online retailer reported net income rose a better-than-anticipated 69% to 46.8 billion yuan ($6.8 billion), but revenue rose just 2.1% to 247.76 billion yuan in the December quarter, slightly ahead of projections. Alibaba’s shares closed down slightly after climbing 6% in early New York trading.
WORLD
Boeing is retiring its famed fighter jets from ‘top gun’ after 40 years
The aerospace giant will stop manufacturing the fighters after it hands over the last Super Hornet to the US Navy in late 2025, according to a statement Thursday.
BUSINESS
US fourth-quarter GDP revised lower on weaker consumer spending
Inflation-adjusted gross domestic product, or the total value of all goods and services produced in the US, increased at a 2.7% annualized rate during the period, Commerce Department data showed Thursday.
BUSINESS
Volkswagen to revisit India amid China geopolitical uncertainty
Volkswagen AG wants to remain a strong player in Europe and China, but in the face of growing geopolitical tensions and an increasingly complex regulatory environment, the German carmaker is looking beyond the US for markets with growth potential, Chief Executive Officer Arno Antlitz said.
INDIA
The insolvency law tweak that can make India's banks and bondholders extremely unhappy
The Indian government seeks to achieve an “equitable scheme of distribution of proceeds,” it said in a discussion paper issued in January that recommends other significant changes to the Insolvency and Bankruptcy Code.
ECONOMY
Pakistan faces the abyss again. Debate rages on who should pay
The price of baby formula is up 15 percent in a month. Thousands of food containers are stuck at ports as the government curbs imports to preserve its last $3 billion in foreign currency
TRENDS
What to watch as India hosts G-20 finance, Central Bank chiefs
Group of 20 officials are meeting in India’s technology hub Bengaluru as consumer prices in most countries are still uncomfortably high and the war in Europe grinds on.
BUSINESS
Apple makes major progress on no-prick blood glucose tracking for its watch
The goal of this secret endeavor — dubbed E5 — is to measure how much glucose is in someone’s body without needing to prick the skin for blood.
BUSINESS
Fed inclined towards more hikes to curb inflation, minutes show
The minutes also said “almost all” officials agreed it was appropriate to raise interest rates by 25 basis points at the meeting, while “a few” favored or could have supported a bigger 50 basis-point hike.
MARKETS
UK overtakes India as the world’s sixth-biggest stock market
The combined market capitalization of primary listings in the UK, excluding ETFs and ADRs, reached about $3.11 trillion on Tuesday, some $5.1 billion higher than their Indian equivalents.
WORLD
Five Charts Showing Impact of Russia’s Invasion of Ukraine
Here are five charts showing how the Russian attack against Ukraine affected the country’s economy and how it funds its wartime budget.
BUSINESS
US-China standoff hits G-20 effort to revamp poor nations’ debt
One hope for this week’s G-20 meeting is that a new endorsement of the debt framework by China’s finance ministry might provide cover for those bank executives.
WORLD
Being surrounded by men not new, always disappointing, Lagarde says
Lagarde’s 2019 appointment to lead the ECB was a landmark event in improving gender diversity in economic policymaking, though she remains in the minority — both in her own institution and internationally.
WORLD
Fed minutes to show support level for larger hikes, higher peak
Recent economic reports showed robust retail sales, a stronger-than-expected rebound in US producer prices and consumer prices that are not slowing by as much as forecast.
WORLD
Tesla board misrepresented Musk’s $55 billion pay package, judge told
A lawyer for Tesla’s directors countered Varallo by arguing that the board’s 26-page proxy disclosure about Musk’s pay “was fulsome” and accurately described the “give and get” underlying the plan.
TECHNOLOGY
Porsche Stuns Private Debt Market With Record €2.7 Billion Sale
The offering this month, which was initially marketed at only €500 million, pulled in about 120 investors including European, Asian and American banks, pension funds and insurers.
