Challenges

Venezuela top court fines TikTok $10 mn over deadly video challenges

Venezuela's Supreme Court has issued a USD 10 million fine against TikTok for not implementing measures to prevent viral video challenges that have allegedly led to the deaths of three Venezuelan children recently. Judge Tania D'Amelio said TikTok had acted in a negligent manner and gave it eight days to pay the fine, while also ordering the video service company to open an office in Venezuela that would supervise content so that it complies with local laws. The judge did not explain how Venezuela would force TikTok, whose parent company is based in China, to pay the fine. Venezuela has blocked dozens of websites in previous years for not complying with regulations set by its telecommunications commission. TikTok did not immediately respond to requests for comment from The Associated Press. In November, Venezuelan President Nicolas Maduro blamed TikTok for the death of a 12-year-old girl who allegedly died after participating in a TikTok challenge that involved taking tranquilizer

TikTok Chroming Challenge: Deadly viral challenge caused the death of teens

The deadly social viral trend, the Chroming challenge, is responsible for the death of a 13-year-old girl. Here's all you need to know about the TikTok Challenge

India better placed than emerging nations to face headwinds: World Bank

Asia's third-largest economy, which expanded 6.3% in the July-September quarter, is estimated to grow 6.8-7% in the current 2022/23 fiscal year

India needs to be flexible as G-20 chief in face of global challenges: CEA

Nageswaran flags climate finance as a key agenda of bloc in face of 'unknown unknowns'

Using scenarios to reframe challenges unlocks opportunities

In turbulent conditions, using scenarios to reframe and re-perceive challenges can offer a better approach to forming strategy than evidence-based planning, risk management and projection, say the authors of a new book, Strategic Reframing: The Oxford Scenario Planning Approach (OUP), Rafael Ramirez and Angela Wilkinson. Ramirez, a senior fellow in strategy at Saïd Business School, University of Oxford, said leaders have often adopted a quasi-scientific approach to planning, using evidence to forecast demand, competition and governance requirements. But, he added, this resolutely "rational" approach is totally unsuited to today's complex, volatile, and ambiguous environment. "Scenario planning, done well, offers a way for people from all walks of life to work together to implement the imaginable rather than waiting to act until the next crisis can be predicted," said Wilkinson, also an associate fellow at Saïd Business School. Ramirez argues that the scenario planning process develop