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☆ Former Indian central bank governor says a soft landing will be 'very hard' for the Fed
▼ + stars: | 2023-01-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Rajan Raghuram at Jackson Hole, Wyoming August 24, 2018. David A. Grogan | CNBCThe U.S. Federal Reserve will find it "very hard" to engineer an economic soft landing after its cycle of aggressive interest rate hikes, according to former Reserve Bank of India Governor Raghuram Rajan. After a string of promising data releases indicated softening inflation, markets believe that the central bank is ready to ease its foot off the brake. Fed officials have emphasized that the fight to bring inflation back towards the FOMC's 2% target is not over. "As they celebrate, it does the opposite of what the Fed wants, it loosens financial conditions quite a bit.

☆ Davos 2023: Global trade rethink: 'race of the big pockets'?
▼ + stars: | 2023-01-19 | by ( Mark John | ) www.reuters.com time to read: +5 min

SummarySummary Companies US climate bill concerns dominate Davos trade talkSome fear "rich-country game" of rising state subsidiesRevamped globalisation must benefit all, Davos toldDAVOS, Switzerland, Jan 19 (Reuters) - The United States pitched its vision of "worker-centric" trade. "I am very concerned," World Trade Organization (WTO) chief Ngozi Okonjo-Iweala told Reuters on the sidelines of the meeting in Davos, Switzerland. Three decades of free global trade have, the International Monetary Fund estimates, lifted more than a billion people out of extreme poverty. The United States notably built into its trade pact with Mexico a mechanism for identifying and dealing with the denial of worker rights. U.S. Trade Representative Tai told a panel on Wednesday the United States wanted to "lead a conversation" on a new version of globalisation.

☆ WEF Davos: Fireside chat with Raghuram G. Rajan
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWEF Davos: Fireside chat with Raghuram G. RajanCentral banks are exploring issuing central bank digital currencies, or CBDCs, but what exactly they look like and how they’ll work is still a matter of debate. China has pushed ahead with real-world trials of its own CBDCs while other central banks are debating whether such digital currencies are even needed. Raghuram Rajan, professor of finance at the University of Chicago Booth School of Business, talks to CNBC's Arjun Kharpal.

"The idea that somehow cryptos are going to maintain value, while the fiat currencies collapse. That's nonsense," Rajan said on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland. The wider crypto market shrank by $1.4 trillion in 2022 with bitcoin losing 60% of its value. One cause for worry, however, could be that labor markets were tight as nobody wanted to fire people, given how hard it was to hire them to begin with, he said. For daily Davos updates in your inbox sign up for the Reuters Daily Briefing here(Join GMF, a chat room hosted on Refinitiv Messenger: https://refini.tv/33uoFoQ)Reporting by Divya Chowdhury in Davos and Savio Shetty in Mumbai; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Will crypto continue to be a speculative asset?
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWill crypto continue to be a speculative asset? CNBC's Arjun Kharpal asks finance professor Raghuram Rajan, from the University of Chicago Booth School of Business, if crypto will continue to be a speculative asset after the market crash in 2022.

☆ India is set to become the world’s most populous country. Can it create enough jobs?
▼ + stars: | 2023-01-17 | by ( Diksha Madhok | ) edition.cnn.com time to read: +5 min

New Delhi CNN —India will overtake China this year to become the world’s most populous country. That’s because India is simply not creating employment opportunities for the millions of young job seekers already entering the workforce every year. A huge crowd thronged India Gate on New Year's Eve on December 31, 2022 in New Delhi, India. The country needs to create at least 90 million new non-farm jobs by 2030 to absorb new workers, according to a 2020 report by McKinsey Global Institute. But, according to a former central banker, even this growth is “insufficient.”“A lot of this growth is jobless growth.

☆ Davos 2023: The World Economic Forum explained
▼ + stars: | 2023-01-16 | by ( Siddharth K | ) www.reuters.com time to read: +4 min

DAVOS, Switzerland, Jan 16 (Reuters) - The World Economic Forum (WEF) returns to its snowy winter residency in the Swiss Alps this week with a record attendance of business and government leaders. The WEF's roots stretch back to 1971 when its founder Klaus Schwab invited executives from European companies to the then tiny ski resort of Davos, high in the Swiss Alps. With climate change top of the agenda, chiefs of major energy companies are back after a COVID-related hiatus. Others include IMF Managing Director Kristalina Georgieva, European Central Bank chief Christine Lagarde, NATO General Secretary Jens Stoltenberg, President of the European Commission Ursula von der Leyen and Chinese Vice-Premier Liu He. Climate change topped the WEF's survey of global risk and energy company executives will mix with climate activists and environment ministers at the forum.

☆ Freight Broker C.H. Robinson Ousts CEO Bob Biesterfeld
▼ + stars: | 2023-01-03 | by ( Liz Young | ) www.wsj.com time to read: +6 min

Mr. Anderson, 56, stepped down as chair, a position he has held since 2020. Mr. Anderson doesn’t plan to be considered as a candidate for the permanent position, according to the securities filing. Robinson and this exceptional team,” Mr. Biesterfeld said in a statement released by the company. Robinson is by far the largest player in the U.S. freight brokerage market, one that matches freight shippers with available trucks. “We got ahead of ourselves in terms of head count,” Mr. Biesterfeld said on Nov. 2.

☆ Explosions rock Russian military airbases; new strikes hit Ukraine
▼ + stars: | 2022-12-05 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +4 min

Explosions rocked two Russian military airbases hundreds of miles from the border with Ukraine on Monday, according to local officials and state media. Russian authorities said they were investigating the media reports about the explosions on the base. A Tu-95 strategic bomber from the Russian air force prepares to take off from an air base in Engels, Russia on Jan. 24, 2022. AP“Engels airfield is one of the most important bases of Russian air forces,” said Ukrainian interior ministry adviser Anton Gerashchenko in a tweet. Analysts said it was unclear that the new wave of Russian strikes were in any way retaliation for the blasts at the airbases.

A tech entrepreneur in Texas wasn’t given ample time to drop a rifle he was carrying on his own front porch before he was fatally shot by police last month, his devastated family told NBC News. The caller said the police were on scene and the man fired again, police said. Police identified the officer who fired at Moonesinghe as Daniel Sanchez, who is now on administrative leave. Immediately after telling Mr. Moonesinghe to drop the gun, Officer Sanchez fired his Department approved firearm at Mr. Moonesinghe. … It looks like he’s pointing the rifle at the interior of his home.”The caller then alerts the dispatcher that the man fired the rifle.

☆ The Cost of Russia’s War to Ukraine’s Economy - The New York Times
▼ + stars: | 2022-11-17 | by ( Rajan Menon | ) www.nytimes.com time to read: +2 min

Despite the Ukrainian Army’s battlefield advances and Russia’s retreats, most recently from parts of Kherson Province, Ukraine’s economy has been left in tatters. For the Kyiv government, the cost of prosecuting the war while also meeting the material needs of its citizens will mount even if the Ukrainian Army keeps gaining ground. Worse, winter looms and Russia, frustrated by the serial military failures it has experienced since September, seems bent on crippling Ukraine’s economy by taking the wrecking ball to its critical infrastructure. Missile barrages left about 4.5 million Ukrainians without electricity. The United Nation’s Office for the Coordination of Humanitarian Affairs (OCHA) reported this month that six million Ukrainians are now “internally displaced” (another seven million have sought refuge abroad).

☆ Ukraine dismisses push to compromise with Putin after Kherson retreat
▼ + stars: | 2022-11-15 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +3 min

“Ukrainian servicemen accept no talks, no agreements or compromise decisions,” Commander-in-Chief Valery Zaluzhny wrote on Telegram late Monday after a telephone conversation with Milley. Lavrov attended the G-20 leaders' summit in Bali instead of Putin. “They clearly have plans to keep the offensive going,” said Rajan Menon, a director at Defense Priorities, a Washington-based think tank. “It makes perfect sense” for Ukrainian forces to reach the Kinburn Peninsula south of Kherson, gaining a tactical advantage around the Black Sea, he added. “Hard fighting does remain for Ukraine as they seek to liberate occupied territory,” a senior military official said, adding that the U.S. and its allies would “ensure that they have what they need to succeed on the battlefield.”

☆ An Apple and Tesla exec who quit to build his own startup now has a star-studded list of investors
▼ + stars: | 2022-10-28 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

"I felt there was something left in me to build a zero-to-one startup," said Sukemasa Kabayama, the co-founder and CEO of Uplift Labs. The opportunity to work for not just one but two tech giants was "very rewarding" for Sukemasa Kabayama. I was thinking, it would be much more exciting to really build something from scratch, from the ground up. "I was thinking, it would be much more exciting to really build something from scratch, from the ground up." Uplift Labs

☆ Attention Gmail users: Your inboxes are about to get way more spammy with political email thanks to a new ruling by federal regulators
▼ + stars: | 2022-08-11 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +7 min

Google asked federal regulators to OK a plan for easing spam filters on political emails. Even a commissioner who wasn't thrilled with the notion of unleashing more political emails on an overloaded electorate concluded Google's program proposal is legal. "If people want political spam, let them sign up for it. Before the final vote Thursday, Weintraub motioned to approve a alternate ruling that would have effectively prevented Google from launching its pilot program. Gmail users will retain the right to opt-out of receiving political emails, but this will require more vigilance on their part.

☆ Logistics giant CH Robinson just hired Whole Foods' former CTO as its first chief product officer — and it shows how high the digital stakes are for the whole industry
▼ + stars: | 2021-07-29 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

Read previewAs the logistics industry becomes increasingly consumed by e-commerce, top-10 global logistics provider C.H. Robinson has hired an online veteran as its first ever chief product officer, reporting directly to CEO Bob Biesterfeld. E-commerce is becoming a dominant force in the logistics industry, with virtually every player attempting to cut off a slice. The CEO is also hoping that some of the hallmarks of digitally-native businesses like Zappos will rub off at C.H. Mimicking the ease of online consumer experiences for logistics processes will be on Rajan's plate come September.

Persons: —, Robinson, Bob Biesterfeld, Arun Rajan, Biesterfeld, Rajan Organizations: Service, C.H, Amazon's, Foods, Zappos, Business, Cargo Locations: Europe, C.H

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