International credit rating agencies have had their fair share of controversies over the years. They have been at the centre of the major financial crises from the financial markets collapse of New York City in the mid-1970s, the Asian financial crisis of 1997 – 1998, the Enron scandalof 2001, to the global financial crisis of 2008. All of these cost investors globally billions.
The year is 2030. You’re in a business school lecture hall, where just a handful of students are attending a finance class.
India’s rapid economic growth has been accompanied by falling fertility rates and higher educational attainment among women. These advances often lead to an increase in women entering the labour force, but there has been a surprising decline on this front in India. Less than 30% of working-age women are currently in work compared to nearly 80% of men in India.
When high levels of inequality are pointed out, a common response is that the “politics of envy” are being deployed. I heard the phrase myself when I tweeted recently that the share of income going to the richest 0.01% of adults in the UK was almost at a record high, based on my new analysis of UK tax data.
Should you care if the Federal Reserve loses its independence?
It’s become a growing risk in recent years as President Donald Trump has repeatedly attacked the U.S. central bank over interest rate policy and tried to appoint his political alliesto its board. Most recently, he reportedly has explored removing Fed Chair Jerome Powell, whom Trump named to the post only last year.
One of the major challenges that faces mothers who work is how to ensure their children are properly cared for while they are away.
This is particularly true for women in low-income settings. For instance, in the informal settlements of Kenya’s capital city, Nairobi, many women resort to using cheap childcare facilities.
The United States is retreating from the global community under a president who rejected the Paris Climate Accords and denigrates NAFTA and NATO. This provides an opportunity for China to play a greater role in global affairs.
In all the hype that has surrounded its Libra currency, Facebook has been able to distract attention away from an important issue. Libra is being hyped as Facebook’s bitcoin but it’s really a proposal for a global payments system. And that system will be controlled by a small and exclusive club of private firms.
By Rahul Kabra The dispute between China and US , the world’s two largest economies, has led to higher tariffs on goods worth billions of dollars and disrupted global supply chains, prompting companies to look at other investment avenues to escape higher tariffs. With its impact on the global economy and the repercussions on several
By Rahul Verma The London Interbank Offer Rate (LIBOR) is the rate at which banks are willing to lend to other banks on unsecured terms. It is the reference and benchmark rate for global financial transactions, in debt and derivative markets, worth more than USD 260 trillion. Since its publication began in 1986, LIBOR which