(Bloomberg) — The UK should launch an “an all-out national effort” to reduce energy bills using efficiency measures, according to the head of a major business group. Read More
On Bloomberg’s ‘Balance of Power’ with David Westin, Jason Furman, Harvard Kennedy School professor and former Chair of the a Council of Economic Advisers, on inflation; Frank Luntz, FIL CEO, on the messaging of gun legislation; Jane Harman, Wilson Center Distinguished Fellow & President Emerita, on Russia-Ukraine war.
A former human resources officer at Eli Lilly & Co sued the pharmaceutical company on Monday, alleging she was terminated after pointing out poor manufacturing practices and data falsification involving its blockbuster diabetes drug. Read More
By Shanti Ekambaram In an off-cycle policy review, the Reserve Bank of India (RBI) announced a 40 basis points (bps) increase in repo rate to 4.40% on May 4, 2022, in response to the sharp and sustained increase in inflation print. The central bank had also changed its narrative to inflation control and normalising liquidity […]
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The Russia-Ukraine war has exposed India’s high vulnerability to global oil shocks as a country importing 85% of its crude oil requirement. Despite several policy incentives over the last few years to attract foreign investments in oil exploration and production, domestic output of hydrocarbons has been on the decline over the last decade. Both in […]
Exports of wheat flours have witnessed a sudden and unusual spike in the aftermath of the ban the outbound shipment of wheat, industry sources told FE, indicating that many traders may be using this route to beat the prohibition on the grain’s exports. The spike is likely to alarm the government, which has already tightened […]
Stating that there is far less support for climate policies–including tax on fossil fuels–in rich nations, chief economic adviser (CEA) V Anantha Nageswaran on Monday said that developed countries should convince their public about the urgency of adopting policies to mitigate the risks of climate change. Speaking at an event here, Nageswaran said when developed […]
The Indian steel sector’s growth is likely to be stable despite the challenges posed by Russia-Ukraine war or the high inflation impacting input costs, said N Chandrasekaran, chairman, Tata Steel. “While there exist risks of high input costs, the growth of the Indian steel industry is likely to remain stable as domestic demand is expected […]