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Modi’s ouster of CBI chief rejected by court

Bloomberg India’s Supreme Court overturned the federal government’s decision to oust the chief of the country’s top investigative agency in a blow to PM Narendra Modi just months before he seeks re-election. The government in October removed Central Bureau of Investigation’s (CBI) director Alok Verma and special director Rakesh Asthana after their rift — involving corruption allegations against each other ...

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How US, Russia and China are managing cyberwar

In cyberspace, conflict is the norm when it comes to nation-states. Russia’s malware shows up on US power grids, and its online trolls try to influence elections. China, meanwhile, steals the personal data and intellectual property of leading American corporations. The US, for its part, has its hackers on a war footing. So it may seem the prospects for dialogue ...

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Stocks matter, even for bond traders

Federal Reserve Chairman Jerome Powell finally decided that the stock market’s tantrum over the past month was too noisy to ignore. Traders bemoaned the fact that Powell considered the central bank’s balance-sheet runoff to be on “automatic pilot.” So he softened his tone on January 4 during a panel at an American Economic Association meeting in Atlanta, saying policy makers ...

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