The UK’s economic troubles appear to be a story of fiscal recklessness that forced the nation’s central bank to step in to stabilize crashing financial markets by buying up government bonds. Are we talking about the UK or Argentina? The real story is actually more complicated. It all comes down to pensions, furthering my pet […]
Business
How ‘Liability-Driven’ Pension Funds Triggered UK Bond Panic
An investment strategy used by UK pension funds to protect themselves from falling yields in the government bond market has been blamed for backfiring when they surged instead. Funds following a so-called liability-driven investment, or LDI, strategy were forced to post more collateral when prices for UK sovereign bonds, known as gilts, collapsed suddenly — […]
Meet established Saudi serial entrepreneur in the UAE who says loving what you do is the mantra to success
Dubai: Although Walid Hajj is now considered a veteran restaurateur, this UAE-based Saudi national got his first major break in food entrepreneurship about two decades ago. “I believe I found that break with the people running the Cinnabon brand about 20 years ago,” recalled Hajj, who moved to Dubai in 2007. “While I was part […]
Precision Surgery Device Market Size to Hit USD 18.99 Billion by 2030
The Brainy Insights Global precision surgery device market growth would be driven by the increasing incidence of accidents, sports injuries, and other diseases that require surgical intervention. The growing research and development of innovative wound closure devices are gaining traction in the medical industry. The North American region emerged as the largest market for the […]
Opinion: Market instability replaces inflation as the biggest risk, raising the chances of a pivot by the Federal Reserve
Market instability is the biggest risk to central banks globally, replacing inflation, owing to massive amounts of leverage. So far, the US Federal Reserve is fortunate because there’s low volatility in the stock market SPX, -2.11%, even though there’s a bear market. Market stability affords the Fed the space needed for the most aggressive rate-hiking […]
How much equity should you expect from an early-stage startup?
The rest of your friendship group are pursuing stable careers at large corporations with cushy salaries and benefits packages. You, meanwhile, are considering joining a startup without a proven product or clear route to profitability. It could go bust in a year or two if things don’t go well, and resources are too tight to […]
Free Market: The History of an Idea by Jacob Soll review | Economics
Sstrange things are afoot in the world of economic policy these days. Liz Truss is, by her own account, Margaret Thatcher’s biggest admirer and a fanatical devotee of economic liberalization. Yet the first act of the new prime minister was to announce the largest government intervention in UK history: a price cap for retail energy […]
Is the UK now a buy? Analysts weigh in after market meltdown
A security guard stands outside the London Stock Exchange building on December 29, 2020. Remove Akmen | AFP via Getty Images UK bond markets and the pound went into freefall this week as investors balked at the new government’s fiscal policy announcements, and some analysts believe opportunities are arising. The Bank of England on Wednesday […]
IIM Grad’s Hydroponics Startup Helps 5000 Farmers Earn More
“On my Panvel farm, I tried growing cherry tomatoes using hydroponics but faced difficulties from day one,” says Siva Ramakrishnan, a farmer from Mumbai. He adds that the production was never up to the mark and in six months, the farm had to be shut down. Following this disheartening stint at using hydroponics, the farmer […]
Relyvrio: ALS drug gets FDA approval despite uncertainty about effectiveness
CNN — A new treatment for amyotrophic lateral sclerosis, or ALS, has been approved by the US Food and Drug Administration. The FDA announced the approval of Relyvrio, developed by Amylyx Pharmaceuticals, on Thursday. The oral medication can be taken as a standalone therapy or with other treatments, according to the company, and it has […]