A long-held belief of analysts in India is that the economy is supply-constrained. Demand isn’t even worth a footnote, while a temporary squeeze in the onion market deserves obsession because it could be inflationary. It’s increasingly obvious that this view is outdated. In October, inflation quickened more than expected to 4.62% because of, yes, an onion shortage. Yet core inflation, ...

The floods in Venice that have killed several people and damaged hundreds of buildings including St Mark’s Basilica appear inexorable. The city is a fragile treasure built on 118 islands off Italy’s northeast coast. In a way, it’s a miracle that Venice has managed to survive and thrive for more than 1,000 years. It built a naval and commercial empire ...

If you’ve dropped the kids off at school in London or the New York suburbs recently, the idea that Jaguar Land Rover (JLR) Automotive Plc is struggling must seem far-fetched. The British carmaker’s Range Rover SUVs have become a common feature of the upper-middle class lifestyle. How else would one get to brunch and the gym? Yet a decade after ...