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Costs of India’s Covid crisis are way too high

India is reeling from a quadruple whammy that is practically unique even during this pandemic. First, growth has taken a hit that appears to be larger than any of its peers, with GDP shrinking 23.9% in the first post-pandemic quarter. While the economy has re-opened somewhat since then, it remains beset by supply constraints. That means — second — that ...

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Can airlines attract passengers again?

A refrain I’ve heard a lot these past six months is how great it’s been not to have to travel. People who were frequent fliers before the pandemic usually add that they now realise that, thanks to Zoom and its rivals, a lot of travel isn’t truly necessary anymore. Maybe some of it never was. Yes, lawyers need to conduct ...

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China may be addicted more to coal than oil

There’s one surprise entrant in the group of oil companies announcing plans this year for how they’ll reduce emissions: PetroChina Co. China’s oil companies, unlike their peers in the US and particularly Europe, don’t traditionally treat climate targets as a major issue. Beijing, after all, isn’t even promising to hit its emissions peak until 2030. The large fund managers that ...

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