Can Africa Save The World Economy From ‘Peak Growth’?

January 19, 2020@6:00 AM TFP Editor 0

Can Africa Save The World Economy From ‘Peak Growth’? Authored by Jim O’Neill via Project Syndicate, Whether or not the 2010s were a “lost decade,” one thing is clear: many countries fell short of their potential, possibly squandering their last best shot of registering strong GDP growth. In the decade ahead, demographic realities will catch up to China and the West, and the world will need a productivity miracle to offset the effects. At the start of a new decade, many commentators are understandably focused [Read More]

$5 trillion economy target needs doubling of banking credit: SBI chairman

January 19, 2020@4:40 AM TFP Editor 0

State Bank of India (SBI) chairman Rajnish Kumar on Sunday said banking credit would need to be doubled from the current level if India were to achieve its ambitious target of becoming a $5 trillion economy by 2024. “At present, the Indian banking credit outstanding is around Rs 99 trillion and for India to become a $5 trillion economy, it needs to be at least doubled over the next 5 years,” Kumar said here. He observed that Indian banks had the capacity to cater to [Read More]

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Founder of South Korean retail giant Lotte dies

January 19, 2020@4:25 AM TFP Editor 0

Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea’s No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. He was 98. Read on Reuters

Trump reportedly picked his impeachment defense team based on how well he thinks they can perform on TV

January 19, 2020@3:15 AM TFP Editor 0

US President Donald Trump picked his impeachment defense team partly based on their ability to defend him on television, according to a report from CNN. CNN, citing a “source close to the White House who speaks to the president regularly,” said that the appointment of several high profile legal experts, including Alan Dershowitz and Kenneth Starr, reflects a desire to have a team full of big personalities capable of putting in media appearances in the president’s defense. “Trump has been telling associates and allies around [Read More]