Wealth Report: London, Not New York, Is World’s Greatest City

The city has replaced New York as world number one in the eighth annual Wealth Report published by global property consultants Knight Frank. “London is a much more international city than New York,” Liam Bailey, the consultancy’s head of research, told The Daily Beast. “It is the capital city of Europe when it comes to […]

Norway wealth fund to test business model of biggest CO2 emitters

OSLO (Reuters) – Norway’s $1.2 trillion wealth fund will ask the companies in its portfolio that emit the most carbon dioxide (CO2) for more detailed climate-related data in order to understand the risk posed to its investments, a top official said.

IMF chief asks world to seize opportunity of global recovery

WASHINGTON: Observing that the long-awaited global recovery is taking roots, International Monetary Fund chief Christine Lagarde today called for seizing this opportunity of the upswing to secure the economic recovery and create a more inclusive economy that works for all.Referring to IMF research which have shown that reforms are more potent and easier to implement […]

Why North lost its industries, wealth ― Sanusi, others

He said that in the 1980s, these textiles industries provided about 500,000 direct jobs. “The textiles then were the second employers of labour after the government in the region. However, the story is no longer the same as all the textile companies in Kaduna and other parts of the region have folded up. Findings gathered […]

Nutrition and the Budget’s fine print

Plan and allocationThere are multiple dimensions of malnutrition that include calorific deficiency, protein hunger and micronutrient deficiency. An important approach to address nutrition is through agriculture. The Bharatiya Poshan Krishi Kosh which was launched in 2019 by Minister for Women and Child Development Smriti Irani, and Microsoft founder Bill Gates is a recent attempt to […]

Tax elite to reduce inequality: Thomas Piketty

This was on account of the political shocks and because of an increase in tax rates in the rich countries in response to the world wars. Since the 1970s both wealth and income gaps were rising toward their pre-20th-century norms, he said. Between 1980 and 2007, 70 per cent of the addition to gross domestic […]

China bond inclusion in WGBI may drive $140 billion in inflows: Goldman Sachs

“Chinese regulators also have a very positive attitude to push forward for inclusion. (And) when we have more participation from foreign investors into the bond market, index service companies will have a very strong incentive,” said Chaoping Zhu, global market strategist at J.P. Morgan Asset Management in Shanghai.

Understanding the CPC’s domestic and global goals via Xi’s book

In conclusion, if there is one thing African governments can learn from reading this book it is this: the road to sustainable and stable governance framework is long and arduous. Setbacks are possible and even likely. But they should know that with the help of a concerned government that is accountable to the people, they […]

ArcelorMittal, Resurgent said to mull joint bid for Essar Power plant

ArcelorMittal is exploring a joint offer with Resurgent Power Ventures Pte to buy an Essar Power generation plant in India, according to people with knowledge of the matter.The companies have held preliminary talks on a potential joint bid for the 1,200-megawatt power plant in the central Indian state of Madhya Pradesh, said the people, asking […]

Parley | Is banning cryptocurrencies the solution?

Recently, a government panel headed by senior bureaucrat Subhash Chandra Garg placed in the public domain a draft bill calling for a complete ban on private cryptocurrencies in India. The panel recommended a fine of up to ₹25 crore and a jail term of up to 10 years for anyone found to be owning or […]