ECONOMY
Raghuram Rajan expects more bank troubles after SVB, Credit Suisse crises
Rajan said a decade of easy money and a flood of liquidity from central banks has caused an “addiction” and a fragility within the financial system as policy makers tighten policy.
BUSINESS
Anil Agarwal’s chip dream at risk as hurdles mount
Seven months after Agarwal announced a chip partnership between his Vedanta Resources Ltd. and Taiwan’s Hon Hai Precision Industry Co., the venture is yet to tie up with a fabrication unit operator or license manufacturing-grade technology, people familiar with the matter said.
WORLD
Four Asian countries lead in US chip diversification move
US imports of chips grew 17% from last year to $4.86 billion in February, according to US Census data, with Asia accounting for 83% of that total.
WORLD
Nervous investors drive VC Funding for startups down 55%
US startups raised $37 billion from venture capitalists in the first quarter of this year, the lowest amount in 13 consecutive quarters, according to data from research firm PitchBook and the National Venture Capital Association.
WORLD
UK bosses try to lure Gen Z workers with ‘Early Finish Fridays’
Online jobs portal Adzuna has seen a sharp increase in postings offering shorter days on Friday, effectively meaning workers can start their weekends a few hours earlier.
WORLD
Women more likely to be rejected when they ask for more pay
About 58% of men, and 61% of women said they didn’t ask for higher pay when they were last hired, according to a survey of more than 5,500 US workers conducted by Pew Research Center in early February.
WORLD
Tiger Global posts 7.3% Q1 gain after losses in 2022
The fund advanced 5.2% in March for its third straight positive month this year, according to a person familiar with the matter.
BUSINESS
RBI rate hike a touch-and-go affair, swaps show
Policy decisions this week from some of the Reserve Bank of India’s global peers offer a good reason for the split. While Australia’s central bank bolstered the case for global doves by calling a halt to its tightening cycle, its New Zealand counterpart emboldened hawks by opting for a larger-than-expected hike.
BUSINESS
Amazon looks to grow diamonds in bid to boost computer networks
Quantum networking uses subatomic matter to deliver data in a way that goes beyond today’s fiber-optic systems. The diamonds would be part of a component that lets the data travel farther without breaking down.
WORLD
UBS Chair says Credit Suisse integration will take up to 4 years
Even with downside protection in the form of government support, there’s a “huge amount of risk in integrating these businesses,” Kelleher said.
BUSINESS
GQG sees $2-billion Adani bet delivering returns over 100%
The chief investment officer of GQG Partners Inc has grand predictions for his bet on the embattled Indian conglomerate: a return in excess of 100 percent
WORLD
Xi Jinping courts Emmanuel Macron in bid to drive wedge between Europe and US
During the three-day visit, which kicks off Wednesday, Macron will have extensive face time with Xi. After formal meetings in Beijing on Thursday, which will also include European Commission President Ursula von der Leyen, Macron and Xi will head to the southern city of Guangzhou.
WORLD
Elon Musk’s month pushing Twitter Blue failed to win many subscribers
Only 116,000 people signed up for the service of 2.6 million people who visited the Twitter Blue sales page on the web in March, according to estimates by SimiliarWeb, which analyzes internet traffic.
BUSINESS
India is taking on China in the $447 billion space economy
State-owned NewSpace India Ltd. launched three dozen communications satellites last month from an island off the nation’s eastern coast for OneWeb Ltd. The move not only salvaged the UK satellite company’s bid to create a global broadband internet network in the skies, but also signaled India’s ambitions in the sector.
BUSINESS
Bengaluru realty logs in 100% surge in rents as techies fight for flats
Bengaluru is home to over 1.5 million workers including those for global firms like Alphabet Inc.’s Google, Amazon.com Inc., Goldman Sachs Group Inc. and Accenture Inc.
BUSINESS
Adani Group JV in talks to borrow $220 million in first loan since Hindenburg
Data center provider AdaniConneX Private Ltd. would use the money for capital expenditure, with a five year tenor under discussion, according to people familiar with the matter, who asked not to be identified because the matter is private. The loan may be signed in the next few weeks, they said.
ENVIRONMENT
Untamed global warming risks soaring death toll in Middle East
It’s warming about twice as fast as the global average, which means maximum temperatures are currently predicted to rise to almost 50°C by the century’s end
WORLD
How Ari Emanuel bought his way to a $21 billion fighting empire
Endeavor Group Holdings Inc.’s biggest business, Ultimate Fighting Championship, was thriving thanks to a lucrative TV rights deal with ESPN.
ECONOMY
Pakistan, Sri Lanka to weigh rate hikes as inflation, debt bite
Pakistan’s inflation quickened by a record last month, beating the median estimate and setting the stage for another jumbo increase on Tuesday
WORLD
Warner Bros. nears deal for Harry Potter video series
Each season of the series will be based on one of JK Rowling’s seven books, said the people, who asked not to be identified since the deal hasn’t been announced, suggesting years of fresh fare from the popular stories.
BUSINESS
Marks & Spencer to cut jobs at head office: Report
M&S has been working through a turnaround after more than a decade of attempts to jumpstart the business.
INDIA
India needs to double share of clean power to meet climate goals
The country will need to reduce the share of coal, which currently accounts for about half of its installed capacity and almost 70% of electricity output, and accelerate deployment of clean power plants to meet its international commitments, Power Secretary Alok Kumar said.
WORLD
Morgan Stanley strategist says US tech stocks’ rally is overdone
The Nasdaq 100 has soared into a bull market as investors fled economically-sensitive sectors like banks following the collapse of several US lenders.
BUSINESS
Oil buyers reel from OPEC+ cuts as they explore alternatives
The shock decision from Riyadh and some of its partners came just before the release of Saudi Arabian Oil Co.’s official selling prices, or OSPs, for May crude sales.
