Friday, 1 July, 2022
TopicBloomberg Opinion

Topic: Bloomberg Opinion

Joe Biden’s decision to command & split Afghanistan’s forex is a $7 billion betrayal

Biden has begun releasing the $7 bn Afghan Central Bank funds held in US Fed. His plan proposes to split it. The problem is, the US doesn’t own that money: Afghanistan does.

The market is finally putting a realistic price on carbon

The current surge in carbon should be seen as a success, finally bringing the cost of emissions in Europe to a level sufficient to switch to less polluting technologies.

Key to India’s biggest election? Creating jobs for people of UP, not jobs in UP

Politicians in UP promise that they will end out-migration. But one wouldn't bet on their chances against hundreds of years of economic history.

Govt short of money, economy short of momentum, but Budget 2022-23 a promising policy statement

A large portion of Sitharaman’s speech was dedicated to climate action and the energy transition — from supporting low-carbon sectors, to the announcing of green bonds.

Iran wants no sanctions, US wants it to roll back nuclear programme, with talks in ‘end game’

Donald Trump had withdrawn from Joint Comprehensive Plan of Action in 2018 & imposed sanctions on the gulf nation. Iran responded by expanding its nuclear program in breach of the accord.

Biden’s wolf-crying campaign over Ukraine has turned the tables on Putin

There is a plausible scenario that defies the seemingly unshakable logic of Putin's planned invasion of Ukraine and plays out as a media phenomenon rather than a hot war.

Why Federal Reserve will no longer have pandemic-era investors’ backs

Inflation is top of mind for all leaders in Washington and US President Joe Biden, whose approval ratings are sliding, appears less inclined to count on hope as a strategy.

Why $69 billion Activision deal could be a blunder for Microsoft

Looking out a few years, the tech giant may be underestimating the level of damage Activision’s brands have suffered from both workplace scandals and complaints about game quality.

What it will take to vaccinate the world against Covid

A Q&A with vaccine scientist Peter Hotez, author of 'Preventing the Next Pandemic', on developing a low-cost Covid vaccine, and why Omicron won’t be the end of the pandemic.

Mukesh Ambani’s succession plan for Reliance needs 3 ‘superstars’

Reliance succession will be underpinned by the emergence of at least 3 superstar businesses, each of which will aim for a very large share of profit in its particular industry.

On Camera

YourTurn

PM Modi at the MSME Idea Hackathon, 2022. | Praveen Jain | ThePrint

BJP, Modi’s ‘total politics’ stems from insecurity. They still don’t rule the power elite

Yogendra Yadav is wrong. BJP might have a hegemonic position in politics and economy, but it's not the same in moral and intellectual spaces.
The Reserve Bank of India logo | Photo: Suraj Singh Bisht | ThePrint

RBI intervenes with multi-pronged strategy in battle against rupee fall

The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

Defence

The Autonomous Flying Wing Technology Demonstrator | Photo: DRDO

‘Major milestone’: India conducts maiden flight of unmanned aircraft demonstrator

DRDO calls flight a significant step towards self-reliance in defence technologies; Defence Minister Rajnath Singh lauds achievement, says ‘it paves way for Aatmanirbhar Bharat in critical military systems’.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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