BUSINESS
Amid Russia’s turmoil, are sanctions really helping?
Putin may have deflected Prigozhin’s rebellion, but the ruble’s slide suggests deepening trouble. Western leaders need to be clear about their goals
BUSINESS
Net zero is stalling out. What now?
Pledges to slash carbon emissions are well and good. But governments need to start delivering concrete benefits
WORLD
Brazil to cap carbon emissions for large polluting companies
The regulated carbon market will affect around 5,000 companies that annually emit more than 25,000 tons of CO2 equivalent into the atmosphere.
BUSINESS
Beating inflation might still need higher rates
Has the Fed done enough to get the inflation rate all the way back down to 2 percent? It’s too soon to say
BUSINESS
Fitch was right: political dysfunction and reckless fiscal policy impair US debt
The dismissive reaction to a US downgrade was revealing. Fiscal trends and broken politics shouldn’t be discounted
BUSINESS
Will the LK-99 superconductor change the world?
A superconductor operating at room temperature, which LK-99 claims to be, would qualify as the "holy grail" of the field as it can be deployed cheaply and widely, revolutionising fields from energy to transportation to computing. But there's also scepticism as sometimes things that seem too good to be true are just that
BUSINESS
European stock research doesn’t need another reform
Unbundling hasn’t gone quite as planned. That’s no reason to reverse course
BUSINESS
Don’t blame Canada for raiding America’s tech talent
In contrast to the US's dysfunctional immigration system that keeps tech workers on H1-B visas on the edge amid massive job losses in big tech companies, Canada's new three-year work permit targeting US-based foreign workers having skills in STEM fields, which also allows their spouses to work unlike in the US, is finding many takers
BUSINESS
Europe has a plan to avert a sovereign-debt crisis
If only the union’s member states and parliament would approve it
BUSINESS
Piramal alternatives plans to raise $1.5 Billion for private credit
Piramal Alternatives plans to raise $1.5 billion for investment in India’s high-yield companies via private credit, according to its chief executive officer.
WORLD
Confiscate Russian assets? The west should resist
Using frozen Russian reserves to pay for Ukraine’s reconstruction is tempting — but misguided
BUSINESS
Putin’s nuclear threats demand a response
By moving nuclear weapons into Belarus, Russia is pressuring NATO to drop support for Ukraine. The West shouldn’t back down
BUSINESS
For the Fed, doing nothing is the greater risk
A painful recession would be no fun, but entrenched inflation would be worse
BUSINESS
Electric vehicles alone can’t solve climate change
EVs can certainly play a role in reducing emissions. But global warming requires more nuanced and ambitious policies than simply splurging on tax credits.
BUSINESS
Europe's Gas outlook looks much rosier this year due to winter luck
Mild temperatures, which significantly curbed consumption, and China’s zero-Covid policy, helped Europe stock up on LNG last year. There's enough time to replenish gas storage and avert a crisis in the coming winter but no room for complacency
BUSINESS
Chipmaker TSMC's Europe factory plan gives it a new global dimension
TSMC's decision to invest an unprecedented sum into US and Europe factories followed key clients such as Apple Inc. and Nvidia Corp. telling the chipmaker, either implicitly or explicitly, that they will buy from these new factories
BUSINESS
Crypto is still a mess. A crackdown would do it good
Stronger rules would be a gift to genuine innovators.
BUSINESS
If the banking crisis offers one lesson, let it be this
More capital would make future disasters much less likely
BUSINESS
ChatGPT is knock knock knockin' on Spotify's door
How long before ChatGPT or something like it can create James Blake or Grimes-esque or Beatles-like music from scratch? Benoit Carre, a composer of AI-assisted music, says that there’s no “big red button” yet to generate ready-made songs
BUSINESS
ECB Half-Point March Rate Hike Very Likely, Lagarde Says
The European Central Bank is scheduled to present new economic forecasts after the next rate decision, though Lagarde wouldn’t be drawn on details.
BUSINESS
No, banks aren’t stronger than they need to be
Capital standards have proven their worth. They should be restored, not weakened
BUSINESS
This isn’t your mom and dad’s recession, says BofA’s Savita Subramanian
For previous generations, recessions looked really different, difference now is Fed has never had this type of an asset base
TRENDS
Noma and the Search for a Second Act
Noma chef Rene Redzepi had important questions for Ferran Adria, who’d shuttered El Bulli eight years before: How should he think about life after Noma? How does one go about a second act?
TRENDS
Billionaire Wanda Jianlin’s son arrested in China for assault
Besides running Prometheus Capital, founded in 2012 as a family fund, Wang Sichong has launched a variety of businesses, none of which have reached the heights of success of his father’s ventures.
