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Political pressures make for bad policy in India

A couple of things happened last week in India that deserve a bit of attention — mostly because they reveal how deep the country’s structural problems go and how few good options the government has left. The first was the Reserve Bank of India’s (RBI) decision to hold interest rates steady even though the rupee had hit record lows against ...

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How to lose $86mn in just three weeks

How do you mislay 75 million euros ($86 million) of operating profit in just three weeks? That’s the question Ceconomy AG investors are asking themselves after the German electronics retailer issued its second profit warning in rapid succession. Bizarrely, the company hasn’t provided an explanation for the further 16 percent downgrade to its operating profit forecast for the financial year ...

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Carmakers throw money at the future of driving

Japan Inc. is leaping into the future of cars, courtesy of SoftBank Group Corp. On October 3, Honda Motor Co. announced a $2.75 billion investment in General Motors Co.’s self-driving subsidiary Cruise, a departure from the Japanese carmaker’s tight-fisted approach to technology spending. That follows SoftBank Vision Fund’s $2.25 billion outlay just months ago. With these, GM Cruise is now ...

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