Bloomberg
Bloomberg
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Can India realise its demographic dividend & outperform an ageing China?
In a world-historical shift, India is surpassing China to become the world's most populous country. But the question often heard in recent days - whether India can realize its demographic dividend?
 "Can India realise its demographic dividend & outperform an ageing China?")
Billionaire Hindujas' truce in doubt as lawyers say rift remains
The Hindujas last year had agreed to slam the brakes on copious litigation across Europe, putting on hold a feud that was tearing apart the once tightly knit British-Indian group
 "Billionaire Hindujas' truce in doubt as lawyers say rift remains")
Eye on China: Australia plans biggest defence shake-up since World War II
Australia's military is not "fit for purpose" as it currently stands, the Defence Strategic Review released on Monday found
 "Eye on China: Australia plans biggest defence shake-up since World War II")
Gaining momentum: World military spend hits all-time high of $2.24 trillion
Defense expenditure increased by 3.7 per cent in real terms to reach a record high of $2.24 trillion in 2022, said the Stockholm International Peace Research Institute
 "Gaining momentum: World military spend hits all-time high of $2.24 trillion")
India and China need to prepare for ageing populations, says UN
The UN estimates that by 2040, people 65 or over in China will outnumber those under age 25. By 2050 they could comprise 30% of the total population
 "India and China need to prepare for ageing populations, says UN")
Credit Suisse saw $69 billion of outflows before UBS takeover
The Swiss bank lost more than 200 billion francs of customer deposits over a six-month period, culminating in several frantic days in March before the government-orchestrated sale
 "Credit Suisse saw $69 billion of outflows before UBS takeover")
Adani Ports & SEZ starts first bond buyback after Hindenburg report
The company also said it plans to buy back $130 million of the 3.375% senior notes in each of the next four quarters
 "Adani Ports & SEZ starts first bond buyback after Hindenburg report")
Luxury brand LVMH's market value surpasses $500 bn, a first in Europe
Shares of Paris-based LVMH Moet Hennessy Louis Vuitton SE, as the company is formally known, climbed 0.3% to €903.70 at 10:43 a.m. Monday, valuing the company at €454 billion ($500 billion)
 "Luxury brand LVMH's market value surpasses $500 bn, a first in Europe")
A 35,000% stock market return since 2012 in European Union? Here's how
Europe's haul isn't far behind the US, where 71 companies have achieved the same feat in the past 10 years, belying the notion the corporate landscape here is sclerotic
 "A 35,000% stock market return since 2012 in European Union? Here's how")
Burberry chief challenges Sunak over 'spectacular own goal' UK tourist tax
Sunak replied that he would listen to Murphy's concerns, while declining to comment on possible tax changes out of deference to Chancellor of the Exchequer Jeremy Hunt
 "Burberry chief challenges Sunak over 'spectacular own goal' UK tourist tax")
Citi India plans to launch sustainability-linked deposits in coming days
Money raised from these deposits will be invested by Citi to help multinational customers meet their environmental, social and governance obligations in India
 "Citi India plans to launch sustainability-linked deposits in coming days")
Neighbors India, China discuss border issue ahead of regional meeting
The neighbors, who share a 3,488 Km (2,167 miles)-long disputed border, have been locked in their worst dispute in four decades since the summer of 2020
 "Neighbors India, China discuss border issue ahead of regional meeting")
Lyft plans 30% staff cut in a fresh round of layoffs to reach profitability
The Wall Street Journal earlier reported the cuts, adding that they could help Lyft slash 50% of its costs
 "Lyft plans 30% staff cut in a fresh round of layoffs to reach profitability")
China embassy removes interview transcript on ex-Soviet State
It wasn't clear why the transcript was taken down. At a regular press briefing Monday, Mao Ning, Foreign Ministry spokeswoman, said she was unaware of the situation
US retailer Bed Bath & Beyond files for bankruptcy as turnaround fails
The company estimated it had assets of $4.4 billion and total debt of $5.2 billion as of late November, according to a court filing
 "US retailer Bed Bath & Beyond files for bankruptcy as turnaround fails")
German public-sector deal sees salary rise for 2.5 million workers
Staff will receive staggered one-time payments totaling 3,000 euros ($3,300) through February 2024
 "German public-sector deal sees salary rise for 2.5 million workers")
SVB still seeing outflows after first citizens takeover, FT says
First Citizens' stock has risen more than 77% since the takeover, with its price hitting a record last week
 "SVB still seeing outflows after first citizens takeover, FT says")
Biden plans to stringent limits on GHG emissions on coal, gas power plants
The White House is in the final stages of reviewing a draft proposal from the Environmental Protection Agency, which would target both new and existing power plants
 "Biden plans to stringent limits on GHG emissions on coal, gas power plants")
Global IPO market shows signs of life even as recession fears persist
The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia
 "Global IPO market shows signs of life even as recession fears persist")
US bank deposits fall $76.2 bn, led by large institutions: Fed data
Meantime, commercial bank lending rose $13.8 billion last week on a seasonally adjusted basis
 "US bank deposits fall $76.2 bn, led by large institutions: Fed data")
