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Bank mergers are no silver bullet for India

With every passing day, India’s economic indicators are turning a little bleaker. The situation is bad enough to warrant using the word “crisis,” arriving just as the government’s fiscal ammunition is spent. The announcement of 5% GDP growth in the June quarter showed the economy growing at its weakest pace in six years. On Sunday, the top six carmakers reported ...

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Blackstone Tallgrass bid reminds us why pipelines are unloved

One could almost feel sorry for that decidedly unloved crowd known as pipeline operators. Except they keep finding ways to make it really hard. Tallgrass Energy has received a buyout offer from an investor group led by Blackstone Group. This follows a deal in March in which the group took a controlling stake in Tallgrass. Things haven’t gone well since ...

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Jack Ma saves us from Elon Musk’s AI dystopia

Tech billionaires Jack Ma and Elon Musk can’t agree whether artificial intelligence (AI) is going to take over the world. Only one of them is what we might think of as a tech guy, and it’s that difference that means the other is likely to be right. Musk, a physicist by training, is a well-known AI radical who sees the ...

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