The eternal bears say the Chinese market is an unsustainable bubble. But here are three basic factors, taken together, that will make it easier for China to rebalance its economy

Jim O'Neill: China's big year ahead

Bloomberg

Analysts' prediction that 2014 would be a bad year for emerging markets didn't play out. The numbers show that developing-country stock markets performed better than those in the advanced economies

Jim O'Neill: Emerging markets mock the pessimists

I spent last week in Indonesia, working on a series for BBC Radio about four of the world's most populous non-BRIC emerging economies. The BRIC countries - Brazil, Russia, India and China - are already closely watched. The group I'm studying for this project - let's call them the MINT economies - deserves no less attention. Mexico, Indonesia, Nigeria and Turkey all have very favourable demographics for at least the next 20 years, and their economic prospects are interesting.Policymakers and thinkers in the MINT countries have often asked me why I left them out of that first classification. Indonesians made the point with particular force. Over the years I've become accustomed to being told that the BRIC countries should have been the BRIICs all along, or maybe even the BIICs. Wasn't Indonesia's economic potential more compelling than Russia's? Despite the size of its relatively young population (a tremendous asset), I thought it unlikely that Indonesia would do enough on the economic p

Jim O'Neill: From BRIC to MINT

Business Standard

At their fifth annual summit in April, the leaders of the BRICS nations - Brazil, Russia, India, China and South Africa - said they would build their own development bank. But the meeting was thin on details: No announcement about where the new bank would have its headquarters or how the institution would be funded. The vagueness suggests the new bank's true purpose hasn't been worked out. In a way, that's understandable, because the BRICS grouping is unusual. Even so, for this venture to succeed, the new bank will need a clear rationale.One of the main reasons it has been difficult for them to cooperate is simply that they aren't much alike. Four of the five (the BRIC part of the group) are the world's largest emerging economies. Even this isn't much of a similarity, though: China is bigger than all the others put together. Its growth in effect creates a new India every couple of years, or a new South Africa every few months.Putting size to one side, what else do they have in common?

A purpose for BRICS

Additionally, a blueprint for a developed, balanced, and comprehensive Maharashtra was outlined, informed by Chief Minister Devendra Fadnavis

Devendra Fadnavis, Devendra, Fadnavis

While Japan is by no means alone in confronting a debt problem, salaries are the lowest of Group-of-Seven countries, and the central bank is raising borrowing costs while its peers cut them

Lawyers estimate that personal bankruptcies in Japan — already the highest since the pandemic — are on track to reach the most since 2012 this year. | Bloomberg

Mark Burnett, the power producer who helped reintroduce Donald Trump to a national television audience with "The Apprentice", is being tapped by the president-elect as special envoy to the United Kingdom in his upcoming administration.
"With a distinguished career in television production and business, Mark brings a unique blend of diplomatic acumen and international recognition to this important role," Trump announced on Saturday.
Burnett, who was born in London, helped produce hits like "Survivor" and "The Voice", but is perhaps best known for teaming up with Trump for "The Apprentice", which first aired on NBC in 2004.
Trump had been well-known in real estate and pop culture circles for decades. But the show helped again make him a household name -- though Trump severed ties with NBC in 2015, the same year he launched his first White House run.
The selection of Burnett continues Trump's trend of filling out his incoming administration with people who have high-profile background

Donald Trump, Trump

Punjab's ruling Aam Aadmi Party won the municipal elections in Patiala and was leading in Ludhiana and Jalandhar, while the Congress was ahead in Phagwara and Amritsar.
Elections to five municipal corporations -- Ludhiana, Jalandhar, Patiala, Amritsar and Phagwara -- and 44 municipal councils and nagar panchayats in Punjab took place on Saturday.
The Aam Aadmi Party (AAP) is set to elect its mayor in Patiala as it won 43 out of 53 wards. The Congress and the Bharatiya Janata Party (BJP) won four wards each, while the Shiromani Akali Dal won two wards, as per the results declared on Saturday night.
AAP was also leading in Ludhiana, where it won 42 out of 95 wards. Congress registered victory in 29 wards, followed by BJP in 19, Independents 3 and SAD 2, as per the results.
AAP was also ahead in Jalandhar, winning 39 out of 85 wards, with Congress and BJP winning 24 and 19 wards, respectively.
However, Congress was ahead in Amritsar and Phagwara. In Amritsar, Congress won 40 wards wh

Illustration: Binay Sinha, census

Seven Indians have been injured in the deadly car-ramming attack in the eastern German city of Magdeburg and the Indian embassy in Berlin is providing them all possible assistance, official sources said on Saturday night.
A 50-year-old man drove his car into crowds at a Christmas market on Friday evening in Saxony-Anhalt state's Magdeburg, leaving at least five people, including a nine-year-old, dead and nearly 200 injured, according to German authorities.
Three out of seven injured Indians have been discharged from hospital, the Indian government sources said.
Condemning the "horrific and senseless" attack, the Ministry of External Affairs (MEA) said the Indian mission in Germany is in contact with the Indians injured. It, however, did not specify the number of Indians injured.
In a post on X, the Indian embassy in Berlin said it is maintaining close contact with the Indians injured in the attack.
In a statement, the MEA said the Indian mission is rendering all possible assistanc

India-Germany, India Germany flag

Stay with us for all the major news updates from around the world

Nirmala Sitharaman, Nirmala

GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions

GST council meeting

Bihar's Deputy Chief Minister Samrat Chaudhary said another meeting of the GoM is scheduled for January before the proposal is reintroduced to the GST Council

Amid controversy over Home Minister Amit Shah's remarks on Ambedkar, Kejriwal launches Dr Ambedkar Samman Scholarship, pledging support for Dalit students pursuing studies abroad

Kejriwal, Arvind Kejriwal

PM Modi will embark on a historic Kuwait visit, marking the first by an Indian PM in 43 years, aiming to boost ties in trade, energy, investment, and cultural exchanges

Narendra Modi, modi

Donald Trump on Wednesday - just days before federal funding is set to expire -  said he wanted lawmakers to include an increase to the debt ceiling in the package

Donald Trump Mike Johnson

Stocks to watch on December 19, 2024: ITC acquired a 2.44 per cent stake in the hospitality company EIH and a 0.53 per cent stake in HLV for Rs 111.2 crore.

BSE NSE, Bull market, Indian share market

Dow Jones: The Dow Jones Industrial Average slid 1,123.03 points, or 2.58 per cent, to 42,326.87 on Wednesday - declining for a 10th day and clocking its longest losing streak since 1974

US Fed Rate Cut News,Jerome powell

Goa Liberation Day is celebrated every year on 19th December when it officially became part of the Indian Union in 1961. Know more about the rich history and significance of the coastal region

Goa,Tourism,Beach

The commission instructed Apple on Wednesday to rework the iOS operating system so that it's more compatible with smartwatches, earbuds, headsets and other devices from competitors

Apple, Apple Inc

Shares of SpiceJet rallied up to 7.85 per cent at SpiceJet per share on the BSE in Thursday's intraday deals

Spicejet

India, US bond yield spread narrowest in nearly 20-yr; Sensex slips below 80K after 4 days of equity selloff

rupee bond

Mumbai ferry accident: An FIR was filed at the Colaba police station in south Mumbai under relevant sections of Bharatiya Nyaya Sanhita (BNS) against the Navy speedboat driver

Capsize, Mumbai Capsize, Boat Capsize

The Opposition Congress has doubled down on its demand for Home Minister Amit Shah's resignation, citing his comments on B R Ambedkar

Rahul Gandhi, Rahul, Congress leader, Priyanka Gandhi, Priyanka

Dhaka has been behind on payments to Adani Power since supply started in July 2023

Jim ONeill

Jim ONeill

Jim Oneill

Jim O'Neill: China's big year ahead

Jim O'Neill: Emerging markets mock the pessimists

Jim O'Neill: From BRIC to MINT

A purpose for BRICS

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Fadnavis presents blueprint for comprehensive development of Maharashtra

Bankruptcies, suicide rise as Japanese struggle with mounting debt

Trump taps 'Apprentice' producer Mark Burnett as special envoy to UK

AAP wins Patiala, leads Jalandhar, Ludhiana; Cong ahead in Amritsar, Phagwa

7 Indians among around 200 injured in German Christmas market attack

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