China Evergrande, once the country’s second-largest real estate developer, is drowning in debt. Some 1.5 million people have put deposits on new homes that have yet to be built. A collapse could be catastrophic. Property...
The government has announced a very ambitious plan of monetizing infrastructure assets worth $81 billion. Experts believe it’s a good idea, but the execution looks challenging. The timing isn’t perfect, either. The Indian government has...
The balance in the US government’s checking account, the Treasury General Account (TGA) at the Federal Reserve Bank of New York, plunged by $240 billion since the end of July, to $297 billion, according to...
Arunachal Pradesh is arguably India’s most picturesque, yet under-explored, hill destination. A major reason behind the low tourist footfalls has been the lack of connectivity. The recent connectivity-rush in the region may bring an end...
The move has heaped more misery on consumers, amid a deep economic crisis that has seen the Lebanese pound lose 90% of its value. Lebanon’s government has decided to increase the price of fuel by...
The armed forces of Myanmar, referred to as Tatmadaw, are in the habit of grabbing political power. They did it again in a February 1, 2021 coup. But unlike in the past, India didn’t leave...
The US had a difficult week, falling against nearly all the major currencies, recording new lows for the month against the euro, Swiss franc, and sterling among the major currencies. Indeed, the euro and sterling...
The European Central Bank has said it is taking the next step toward launching a digital version of the euro. The move comes amid a boom in crypto and other digital currencies. The governing council...
From working out of his garage to becoming the world’s richest man, Jeff Bezos’s departure as Amazon’s CEO is a milestone for one of the world’s most influential companies. Andy Jassy will have big shoes...
Scientists say they have found a new class of memory cells in the brain that remind us who we know and why. It may help us age in the digital age. It’s a common story...
Governments in Asia are planning 600 new coal plants that could lose investors $150 billion and derail efforts to limit temperature rise in line with climate targets, according to a new report. But why? In...
Charity group Oxfam has released a report saying that while supermarkets, especially German chains expanding in foreign markets, enjoyed a bumper pandemic 2020, food laborers were conducting “modern slave labor.” Charity group Oxfam warned on...