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☆ Amazon looms over Shopify: Analysts worry that Buy with Prime will further eat into Shopify's profits
▼ + stars: | 2023-03-24 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Analysts are increasingly negative on the impact Amazon's Buy with Prime could have on Shopify. Analysts are increasingly worried about the impact that Amazon's Buy with Prime feature could have on Shopify's bottom line. Buy with Prime allows sellers to offer Prime benefits — like fast shipping, free delivery, and free returns — on websites outside of Amazon.com. If Amazon does need Shopify's help, Shopify could theoretically insist that Amazon provide insight about Shopify merchants' Buy with Prime transactions and separate fees from Amazon, the analysts said. "That's why we're working with Amazon to build a direct integration for Shopify merchants using Buy with Prime."

☆ They Wanted a Two-Bedroom in Queens for $500,000 — Dishwasher Optional. Which Option Did They Buy?
▼ + stars: | 2023-03-02 | by ( Joyce Cohen | ) www.nytimes.com time to read: +2 min

Shortly after Covid-19 hit, Michelle de Vera and Serhan Ayhan settled into a one-bedroom in Woodside, Queens. Ms. de Vera, who then worked in the airline industry, had an easy trip via public transportation to the Queens airports. She would spend hours on video calls for work while Mr. Ayhan, 36, clanked in the kitchen and tried to stay out of camera range. Email: thehunt@nytimes.com]Their criteria included a kitchen — with a dishwasher — that was suitable for making dough,, and space for hosting pizza nights. In every apartment they visited, Mr. Ayhan checked to see whether the oven was big enough to accommodate his pizza peel.

Some staff members were asked to remain at the offices overnight on Tuesday, the BBC said. But the offices are now open for people to enter and leave as needed. A special investigation team appointed by India’s Supreme Court in 2012 found no evidence to suggest he was to blame. India’s main opposition Congress party described the ongoing tax searches at the BBC offices as a “brazen attack” on India’s free press. The raids raised fears of censorship in India, with several media organizations issuing statements condemning the government’s actions.

BBC News reported on television that people had not been allowed to enter or leave the offices. The raids come after the Indian government said it used “emergency powers” to block the documentary from airing in the country, adding that both YouTube and Twitter complied with the order. A BBC spokesperson told CNN that the organization was “fully cooperating” with authorities. The two-part documentary “India: The Modi Question” criticized the then-chief minister of the western state of Gujarat in 2002 when riots broke out between the state’s majority Hindus and minority Muslims. But the riots remain one of the darkest chapters in India’s post-independence history, with some victims still awaiting justice.

☆ India Budget 2023: Here's what the experts say
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +13 min

"This budget, therefore, has rewritten the rules for financilisation of savings in India, which will induce expenditures rather incentivise savings. LAKSHMI IYER, CEO-INVESTMENT ADVISORY, KOTAK INVESTMENT ADVISORS LTD"India budget 2023 has offered a multi-dimensional view. The 3 Cs which stand out are - Capex increase - consumption boost - capital gains tax status quo. Additionally, the budget has provided significant direct tax benefits to individuals which will help increase disposable income and support spending. The budget keeps in mind the needs of future India while focusing on Artificial Intelligence and machine learning.

☆ India's Gen Z grapples with Modi's dark past in clashes over new documentary
▼ + stars: | 2023-01-28 | by ( Yashraj Sharma | ) www.nbcnews.com time to read: +8 min

Modi denies being complicit in the attacks, and India’s Supreme Court upheld a ruling last year that he should be cleared of all charges. The first part of the documentary is about Modi’s political career before he became prime minister. The second half of the BBC documentary, which aired in Britain this week, focuses on his leadership since then. Critics say Modi has promoted discrimination against India’s Muslim minority and quashed dissent, especially since his re-election in 2019. Students at Jamia Millia Islamia defied university warnings not to screen the BBC film.

☆ How to navigate a bewildering market landscape: podcast
▼ + stars: | 2023-01-17 | by ( Peter Thal Larsen | ) www.reuters.com time to read: 1 min

LONDON, Jan 17 (Reuters Breakingviews) - The pandemic boom lured in new and younger investors. Now interest rates are up, asset prices are down, and ESG investing faces a backlash. In this Exchange podcast, Morningstar CEO Kunal Kapoor talks about personalising investment, the value of data, and taking the long view. Listen to the podcastFollow @peter_tl on TwitterEditing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ From ads in video games, retail media, and cookieless tracking — experts predict these surging areas will drive ad industry M&A in 2023
▼ + stars: | 2022-12-20 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

Despite an economic downturn, experts predict there will be plenty of advertising M&A in 2023. While that could include some and firesales, deals are expected in hot areas like retail media and CTV. Insider spoke to more than a dozen industry experts who dished on the trends that will drive advertising M&A next year. Companies in hot areas like performance marketing, retail media and CTV will buy others to build out their offeringsPerformance marketing, retail media, and the growth of connected TV advertising have been among the hottest trends for advertising companies and agencies in recent years. Areas like retail media and ad-supported streaming are on fire.

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But many are delaying IPOs amid a stock market rout that has raised concerns over frothy tech valuations. In a statement to Reuters, Snapdeal said it has decided to withdraw the IPO prospectus "considering the prevailing market conditions", without elaborating. It adding that Snapdeal may reconsider an IPO in future depending on its need for capital and market conditions. The change of Snapdeal's plans comes as tech stocks in India that listed in recent years face investors' wrath. In August, TPG and Prosus-funded Indian online pharmcy PharmEasy withdrew papers for its $760 million IPO, while Warburg Pincus-backed seller of wireless earphones, boAT Lifestyle, also withdrew its papers in October.

☆ Europe's BNP Paribas appoints senior executives to Global Markets Americas division
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

Dec 7 (Reuters) - BNP Paribas SA (BNPP.PA) has appointed several senior executives to its Global Markets Americas division, the European bank said on Wednesday, in a move to further consolidate its presence in the United States. The French bank appointed former Morgan Stanley executive Kunal Maini as the co-head of Global Macro - Americas and he will be responsible for globalizing the US Rates franchise. In addition, BNP also hired a string of executives to strengthen its credit portfolio at a time when global fixed income markets have come under immense pressure from soaring inflation and outsized interest rate hikes. John Hanisch was appointed the co-head of Secondary Credit Americas and Global Head of Securitized Products Trading; Charlie Shah the Head of IG & CDS Trading Americas and Bo Bazylevsky the Head of LatAm Flow Credit Trading. BNP's move to hire across divisions sharply contrasts global banks including HSBC Holdings PLC (HSBA.L) and Goldman Sachs (GS.N), which axed jobs to rein in costs.

[1/3] German climate activist Luisa Neubauer takes part in a protest demanding climate justice and human rights at the Sharm El-Sheikh International Convention Centre, during the COP27 climate summit, in Sharm el-Sheikh, Egypt, November 19, 2022. REUTERS/Mohamed Abd El GhanySHARM EL-SHEIKH, Egypt, Nov 19 (Reuters) - The United Nations climate agency on Saturday published a draft proposal for a deal to tackle the issue of "loss and damage" that said the COP27 summit would agree to launch a new fund to help countries cope with the cost of climate damage. The draft - which the nearly 200 countries at the COP27 summit in Egypt will now consider, and potentially change, before deciding whether to approve - would agree to "establish a fund for responding to loss and damage". "Everybody was flexible for the cause of loss and damage and the disasters and people dying and the economy being lost. I thank all the parties ... who were not flexible initially but who were flexible now," Kunal Satyarthi, India's negotiator on loss and damage, told Reuters.

[1/5] A general view of the entrance to the Sharm El-Sheikh International Convention Centre grounds, during the COP27 climate summit, in Sharm el-Sheikh, Egypt, November 19, 2022. Kunal Satyarthi, a negotiator for India, said he thought the loss and damage deal would "certainly" pass, and thanked other countries for their flexibility. Norway's climate minister, Espen Barth Eide, meanwhile, said his country was happy with the agreement to create a loss and damage fund. But the possible breakthrough on loss and damage was significant, and "I don't think that should be lost in the mix," he said. For daily comprehensive coverage on COP27 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.

☆ Indian companies turn to exotic options to manage fx costs, risks
▼ + stars: | 2022-11-09 | by ( Nimesh Vora | ) www.reuters.com time to read: +3 min

MUMBAI, Nov 9 (Reuters) - A few large Indian companies are returning to exotic currency options to deal with the rupee's volatility as they look to manage hedging costs and foreign exchange risks. These options provide companies increased flexibility to manage their currency risks. Companies are specifically turning to barrier options, a class of knock-out or knock-in options that are exercisable or expire worthless depending on whether a particular level on the underlying asset is reached. When used with proper risk assessment, barrier options help to manage the premium cost, a trader with a large private sector bank said. Meanwhile, foreign exchange consultants warned against large-scale use of exotic options.

☆ India and climate change: Can Modi deliver what the world needs?
▼ + stars: | 2022-11-07 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +10 min

By 2030, Modi wants half of India’s energy to come from renewables. The state is fast becoming a hotbed of solar energy, yet is also home to at least seven coal-fired power plants. “Even during Covid it hasn’t stopped.”At COP26, Modi outlined a series of targets for India’s efforts to combat climate change. It’s also a question of funding – investing in renewable energy and other climate change mitigation efforts is expensive. And your other burning questions answered 03:37 - Source: CNNIf India doesn’t receive the financial support it needs, maintaining its pace on developing renewable energy will be difficult.

☆ Meet 6 inspirational leaders creating a better future for developers
▼ + stars: | 2022-10-27 | by ( Sponsor Post | Created Twilio With Insider Studios | ) www.businessinsider.com time to read: +7 min

Twilio's Developer Searchlight is a global search for the most inspirational, effective leaders supporting developers today. In her former role as a senior product manager at Mulesoft, Suchi was an advocate for developers, building products specifically designed for developers. Marcus EaganEagan supports the open-source community through personal, financial, educational, and code contributions. TwilioMarcus Egan, a staff product manager at MongoDB, dedicates 20% of his week to mentoring and giving back to the open-source community. Ashwin started giving back to the developer community after attending and winning some hackathons.

☆ India's economic growth outlook stagnates, stuck in lower gear
▼ + stars: | 2022-10-20 | by ( Vivek Mishra | ) www.reuters.com time to read: +4 min

It was expected to decelerate further to 4.4% in the fourth quarter, according to an Oct. 13-19 Reuters poll. Register now for FREE unlimited access to Reuters.com RegisterThe median expectation was for 6.9% growth in the 2022-23 fiscal year, slightly above International Monetary Fund (IMF) and World Bank projections of 6.8%. While those figures were only trimmed from the previous poll medians, a deteriorating global economic outlook suggests there may be further downgrades in coming months. "This, we believe, will result in the RBI having to shift its focus toward supporting growth and away from anchoring inflation expectations by engineering a growth slowdown." The poll showed the RBI taking a softer approach with rates.

☆ Bank Indonesia playing catch-up, to deliver another 50 bps rate hike on Thursday: Reuters poll
▼ + stars: | 2022-10-18 | by ( Devayani Sathyan | ) www.reuters.com time to read: +3 min

Relatively lower inflation allowed the central bank to hold off with raising rates until August. But in September inflation reached 5.95%, the highest since 2015, and will likely push the central bank to continue tightening. BI, until recently one of the world's last dovish central banks, followed a modest quarter-point rate rise in this cycle with a surprisingly aggressive 50 basis point rise in September. The weaker rupiah , down more than 8% so far this year, has prompted economists to bring forward their rate hike expectations. Reuters Poll: Indonesia inflation and monetary policy outlookThe poll showed inflation was expected to average 4.6% this year and inch down to 4.5% in 2023, a massive upgrade from 3.9% and 3.5% predicted in July.

☆ Inside BlackRock's powerful consulting arm that's made the most influential money manager an advisor to world powers
▼ + stars: | 2021-06-07 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +21 min

One of the reporters noted that Powell's public calendar showed calls with Larry Fink, BlackRock's chief executive, in March, April, and May. The exchange was hardly the first time no-bid contracts between the Fed and BlackRock's Financial Markets Advisory unit raised questions. Still, former employees told Insider that FMA has served as a clear source of public-facing clout for BlackRock. "The FMA clients have extended their advisory relationships to be multiyear." A little over a year ago, FMA pulled employees out of BlackRock's office there, three former employees said.

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