POLITICS
UK Tories are finally ‘Ready for Rishi.’ Is it too late?
The son of immigrants of Indian descent, Sunak now becomes Britain’s first ethnic minority prime minister during Diwali (the Hindu, Sikh and Jain festival of lights).
BUSINESS
The 2022 Economics Nobel should come with a warning
Regulators need to do a better job of applying the insights of Bernanke, Diamond and Dybvig
BUSINESS
Credit Suisse shows banks still need more capital
Fragility turns otherwise manageable issues into much bigger problems
BUSINESS
Goldman Sachs lowers US growth forecast for 2023 after rate path change
Following a recent increase in its expectations for Federal Reserve interest rate increases, Goldman Sachs Group Inc. reduced its projections for US economic growth in 2023. Compared to an earlier projection of 1.5%, analysts predicted that the US gross domestic product will rise by 1.1% in 2023.
BUSINESS
UK Prime Minister Liz Truss’ problems have already started
The UK’s new Prime Minister will need to drop the campaign slogans and embrace pragmatic solutions if she hopes to succeed
BUSINESS
Defence | Drone technology is changing naval warfare
At sea and over Ukraine, unmanned military systems are taking over from expensive legacy systems
BUSINESS
IRCTC likely to apply for payments license and amend articles of association — Street is excited
Indian Railway Catering and Tourism Corporation (IRCTC) is likely to amend its articles of association — a document that specifies regulations for a company's operations and defines its purpose — CNBC-Awaaz reported on Friday.
WORLD
Fertilizer Shortage Shows How Russia's Ukraine Invasion Threatens Food Security
The invasion of Ukraine has created a global food and fertilizer crisis. Fortunately, tackling today’s agricultural problems will ease tomorrow’s as well.
BUSINESS
Investors should think risk factors, not asset classes
The path forward for markets will depend on the success of the Fed, the strength of the labour market and the persistence of inflation
BUSINESS
When data privacy became a startup’s nightmare
Twitter and Meta aside, the minefield of India’s digital laws make ordinary businesses quiver
BUSINESS
Citi Says Oil May Collapse to $65 by the Year-End on Recession
If a demand-crushing recession occurs, crude oil prices might plummet to $65 per barrel by the end of this year and to $45 by the end of 2023, Citigroup Inc. has warned.
WORLD
US bonds flag recession risk with 75 bps hike in play
Amid the market tumult, all eyes will be on this week’s Fed statement and Chair Jerome Powell’s post-meeting press conference, where policy makers’ characterization of inflation and long-term forecasts for the fed funds target -- the so-called dot plot -- will be critical.
ENVIRONMENT
Bali sun-seekers make way for digital nomads, spiritual tourists
Ecological tourism, sporting events and a special five-year visa for remote workers should bring 3.6 million overseas travelers back to the archipelago now that borders have reopened, Tourism Minister Sandiaga Uno said
BUSINESS
Parts of private equity look like a ponzi, Amundi CIO says
Amundi had around 11 billion euros ($12 billion) of assets invested in private equity at the end of 2021, according to its annual report. That’s a small portion of its 2 trillion euros in total assets under management, which make it one of Europe’s biggest investment firms.
BUSINESS
Soros’s Money Manager Warns Recession ‘Inevitable’ But Market Timing Is Off
Dawn Fitzpatrick, the chief executive and chief investment officer of Soros Fund Management argues the US consumer is in “extraordinarily” good shape, which will help the economy weather the Federal Reserve’s expected rate hikes.
BUSINESS
Down With ‘Post-Globalization’: Free Trade Can and Must Survive Covid-19
A “post-globalization” world would be poorer, less innovative, and more vulnerable to conflict. Free trade needs a spirited defense.
BUSINESS
Sri Lanka’s economic crisis needs a political fix
Shrinking the role of the President would open the door to the broad national-unity government that the country will need to dig itself out of its debt trap
