Larry Summers makes a fair point, but misses two crucial ones
Summers errs in his approach to climate change and underdevelopment on two counts, at least. He fails to recognise the centrality of carbon dioxide removal from the atmosphere in combating climate change, and he ignores the challenge to development posed by coordinated policy rate increases in the developed world
Did Powell just stamp out bankers’ green shoots?
Stoking uncertainty on the path for interest rates might hurt the nascent pickup in stock listings and loan sales
Putin is winning his grain war, pitting Poland against Ukraine
There are three ways Zelenskiy and his allies can respond to Putin, but none are attractive
The Reading List: September 22, 2023
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
Asset Tokenisation: IFSC signals plan to move forward, set regulations
The IFSCA’s decision to frame regulations and policy guidelines for blockchain-based products seems to be a well-timed move as tokenization is expected to have a huge impact on the world economy, even more than cryptocurrency
Moneycontrol Pro Panorama | Glenmark’s sorry tale of debt finally ends
In this edition of Moneycontrol Pro Panorama: ITC is best suitor for FMCG buyouts, harnessing the power of AI, rising disconnect between education and employment, how to deal with short-term market volatility, and more
Suspension of visa services to Canadian citizens: The curveball Trudeau didn’t see coming
Canada stands to lose more than gain in this tit-for-tat between two countries. Here is why
IMEEC is planned to benefit all member countries unlike China's BRI
The IMEC opens up new transport routes and avenues for cooperation between member countries on technology, design, finance and regulatory standards. And, it will not push countries into debt trap
ITC: Why it may emerge as a surprise suitor in FMCG buyouts
The outlook for cigarettes has improved with rising mobility, particularly higher office occupancy rates. FY25 will see it normalise, raising the question of what next to drive growth
The genesis of Canada’s troubled relations with India
Until it introduced a merit-based Comprehensive Ranking System in 2015 for screening potential immigrants, anyone who had a sob story to tell at a border post that they were being tortured by the state or by armed militias could get asylum in Canada. Scrutiny was poor and political interference by lobbies to let in relatives of relatives was high
The plight of the ‘permacrisis’ and what to do about it
The complexity of central banks’ ‘last mile’ on inflation is part of a bigger economic challenge
Women’s Reservation Bill: Why almost every party is supporting the government’s legislation despite misgivings
BJP is poised to benefit in 2024 for bringing the law and also in 2029 when it is implemented. Opposition parties, even while supporting the bill, have raised the quota within quota for OBCs. Those who opposed the 2010 version are now supporting women’s reservation because they recognise that rising women voter turnout and the discourse on gender parity cannot be reversed
Shipping: China export rebound doesn't mean that the halcyon days are back
No other major sector on the planet benefited more from the pandemic than ocean carriers. But now that consumption is slowing and supply chains are diversifying away from China, the maritime sector must face a reckoning it avoided when the pandemic threw international trade and logistics into disarray
Climate: Australia hoped to dodge wildfires. El Niño has other plans
In Australia, the 1983, 2003, 2007, 2010 and 2015 fire seasons, some of the most damaging in the country’s history, all occurred during El Niño. With Australia being one of the largest fossil fuel exporters, it cannot really call itself a victim, and is a significant contributor to global warming
Harnessing the Power of AI: Advancing financial inclusion
AI is not a panacea and should be viewed as a tool that can contribute significantly to expanding inclusive financial access
Chart of the Day: Record imports to keep a lid on edible oil prices
The threat of El Nino and soft international commodity prices have prompted domestic traders to step up imports of edible oils in the current marketing year
Torrent-Cipla: Multiple opportunities beyond near-term uncertainties
The benefits of the acquisition for Torrent are apparent but the reported asking price could equal its current market capitalisation, raising a question if it will be worth it
A revised playbook for traders and investors -- both short and long term
The near term looks a bit clouded due to narrowing yield spreads, FII selling and relatively high valuations. Here’s how investors can deal with the inevitable short-term volatility
The new India story: Jobless growth, and a rising disconnect between education and employment
The trend of slow job creation and rising unemployability among youth is borne out by a new study carried out by Azim Premji University and IWWAGE (Institute for What Works to Advance Gender Equality)
Having more women MPs, MLAs not enough to improve status of women
World Bank data show that the female labour force participation rate was 26 percent for Bangladesh and 27.8 percent for India in 1990. In 2022, the World Bank data show that this rate had improved to 37.7 percent for Bangladesh and fallen to 24 percent for India. We need to learn from Bangladesh
TikTok's privacy problem may be marketing gold for Hollywood
For studios, the hope is that because of its huge user base in the US, TikTok, like YouTube, can serve as a platform to raise awareness and create buzz for their new movies, whether through legitimate trailers (movie marketing campaigns now routinely include a TikTok strategy) or illegally uploaded clips
Lex | Private equity: financial engineering prevents valuation check
The sector finds continuous ways to bypass the issue of true price discovery and keep their fee stream running
Germany’s economic miracle is now Europe’s malaise
The region’s largest economy needs a new growth strategy
Fed’s debate about ‘neutral’ is mostly an exercise
The central bank’s tea leaves suggest that some policymakers think the rate is on the rise. But the most influential voices probably won’t be swayed
AI Goldrush: To get in or sit out is the question that companies must urgently tackle
Despite the initial excitement fading a bit, AI is here to stay and businesses have to evaluate how to stay in the reckoning. Those facing high impact like knowledge-centred industries (education/edtech, software, BPO/LPO, content creation and marketing automation) must hit the ground running
