The Yuan fell to its 11-year low against the US dollar last week. Trump immediately lashed out, calling China a "currency manipulator".
India is roughly 100 days away from its 5G trials and it can't make up its mind on whether Huawei should be invited to the trials.
A landmark legislation, with a potential to change India's polity and politics (for good or for bad), has been passed in a matter of a few days. Triple Talaq, purported as the legislation that will ensure gender equality and justice for Muslim women, is now a law and any Muslim man divorcing his wife verbally [...]
Two reports in the last couple of days underline the impact of movements and decisions in global trade. This NYT report focusses on the impact on the $25 billion garbage industry in India. The crash in the industry is the result of China's surprise cut in garbage imports last year. China buys most of the [...]
The debate over India's GDP numbers (economists are still locking horns over the truth and objectivity in these figures) was back into currency with this Arvind Subramanian piece published in June this year. He said that India may have overstated its GDP figures by 2.5 percentage points every year since 2011. Another insightful piece said [...]
Capitalism Didn't Invent "Keeping Up with the Joneses" https://mises.org/node/47286 — Read on mises.org/node/47286 Absolutely interesting piece. This one breaks the myth about capitalism making people materialistic. It's all about creating more choices and opportunities. What you pick remains your sole decision. Don't blame capitalism for it.
The global economy is not doing well, and trade tensions between the United States and China have a role to play. Even as the rift continues, another conflict I wrote about yesterday also needs early resolution before it snowballs into something big. IMF's World Economic Output Update released earlier this week underlines the fallout of [...]