OPEN BORDER POLICY
Putin sees no need for nuclear weapons to win in Ukraine. But he's also keeping his options open
Russian President Vladimir Putin has issued a stern warning to NATO, cautioning against excessive military support for Ukraine, as it could escalate into a nuclear conflict with Russia. Despite Russia's current military advantage in Ukraine, Putin emphasized that nuclear weapons remain a viable option if Russia's sovereignty and territorial integrity are threatened. Recent Russian drills with tactical nuclear weapons underscore Moscow's readiness to respond to perceived Western provocations, including discussions of deploying NATO troops in Ukraine and supplying longer-range weapons to Kyiv. This nuclear rhetoric marks a dangerous escalation amid ongoing tensions in the region.
Inclusive healthcare: H.E. Dr. Noura Khamis Al Ghaithi on Abu Dhabi’s vision beyond borders
In conversation with H.E. Dr. Noura Khamis Al Ghaithi, Undersecretary of the Department of Health – Abu Dhabi, who outlines the vision of the Abu Dhabi Global Healthcare Week (ADGHW) positioned to serve as an annual platform for inclusive knowledge-sharing and crafting collaborative strategies aimed at delivering positive patient outcomes.
A new $72,000 migrant smuggling route to the US starts with a charter flight, and many Indians are waiting to board
Indian nationals on a Legend Airlines flight faced challenges in El Salvador as they attempted to reach the U.S. via Mexico. The incident sheds light on a new phase of illegal immigration through intercontinental smuggling routes, impacting U.S. border policies and migrants' journeys.
India shows interest in mega Teesta river conservation project
A major focus of the talks between the two prime ministers was to explore ways to shore up India-Bangladesh cooperation in digital and energy connectivity even as both sides resolved to work towards peaceful management of borders between the two countries.
What's behind India's hardening posture against China?
India appears to be adopting a tougher stance towards China, with Prime Minister Modi set to attend the Shanghai Cooperation Organisation (SCO) meeting in Kazakhstan in July. Recent developments suggest a hardening of India's posture against China, including refusing to resume direct passenger flights and engaging with Taiwan, signaling a shift in India's approach.
Vladimir Putin’s hybrid war opens a second front on NATO’s eastern border
Several masked men removed navigational aids on the Narva River, separating Estonia from Russia, signaling Russia's intent to provoke and destabilize Baltic states. These acts, seen as part of a hybrid war, include airspace violations, GPS interference, and recruiting criminals for sabotage. The region is increasingly a second front in the West's conflict with Moscow. Neighboring countries are reinforcing borders and seeking NATO's attention, as Russia's actions aim to spread fear and division, utilizing disinformation and migrant crises.
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Israel says Gaza war likely to last another seven months as tanks probe Rafah
Israeli tanks entered Rafah on Wednesday amid ongoing conflict with Hamas in Gaza. The move followed Washington's statement that the Rafah raid did not constitute a major ground operation. Despite an International Court of Justice order, Israel continued its assaults, aiming to control the buffer zone on the Egyptian border to prevent weapon smuggling. Prime Minister Netanyahu’s advisor predicted the conflict would last at least through 2024. Calls for immediate aid and evacuation routes were made as thousands of Palestinians fled the city under intense bombardment.
'Visited Lahore without visa, checked their nuke power': PM Modi takes jibe at Mani Aiyar's advice to respect powerful Pakistan
Prime Minister Narendra Modi responded to Congress's Mani Shankar Ayiar's remark that India should respect Pakistan owing to its nuclear bomb. In an interview, Modi mentioned his personal visit to Lahore in 2015, stating that he checked Pakistan's power firsthand. He also addressed allegations of India's involvement in targeted assassinations in Pakistan and expressed confusion over why some in India are critical of his stance.
Infrastructure stocks: Stay bullish, hedge to participate in next round of re-rating: 6 infra stock with an upside potential of up to 39%
Among the sectors which have seen a strong re-rating in the last five years, probably infrastructure is amongst the top ones. Like many other sectors here also the re-rating has been largely due to policy push and government spending. If one looks at the performance of the companies in the last five years, there has been clearly strong growth across the board. So, policy continuity becomes critical for this sector and the stocks. The
PSU Banks stocks: Stay bullish, hedge a bit to avoid narrative induced selling; top 7 PSU banks with upside potential of up to 36 %
While every sector has witnessed a re-rating in the last couple of years. The re-rating can be due to two reasons. whether headwinds have gone away because of government policy push and clean up or the sector has recovered due cyclical reasons. In the case of PSU banks,which have seen strong re-rating in the last one year, there is a mix of both reasons. The government cleaned up and strengthened the regulatory system. Also that overall economic growth has seen a sharp recovery which has helped in credit off take. Now comes the question that after this rally, should one sell, should one hold, should one increase the exposure. The answer lies in hedging for the banks you own and just avoid listening to noise which will remain high till election results are announced.
India will have to find ways to reduce India Inc’s over-reliance on a belligerent neighbour
It is clear that the government will not opt for irrational curbs on imports because that can derail several industries. But it will have to find ways to reduce reliance on a belligerent neighbour that is relentlessly fortifying its position on the LAC.
It's open season on international students across the world; and countries have billions at stake
Countries are reevaluating visa programs and education exports as student numbers surge, impacting housing costs, public services, and financial contributions. The debate involves higher-education providers, employers, tuition fees, migration policies, funding models, the role of the Office for Students, and government language affecting international student perceptions.
Railways stocks: Stay bullish, just hedge a bit to avoid mistake of selling in haste: 7 outperforming railways stocks across different segments
Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.
Israel's Rafah offensive heightens strain on Egypt ties
Egypt has formally accused Israel of genocide and hardened its stance over the Gaza conflict, reflecting public anger. Both countries blamed each other for the closure of the crucial Rafah border crossing. Despite harsh rhetoric, analysts see no threat to the 1979 peace treaty between the U.S. allies. Egypt's support for an international case against Israel marks a significant shift, although largely symbolic, aimed at addressing domestic discontent. Diplomatic relations remain tense but stable.
Get your portfolio ready for election results: Hedge the re-rated oil and gas sector stocks
Right from power, railways, PSU banks, sectoral lenders to oil and gas there are many sectors which have made a comeback in the last 10 years. Comeback both in the real business sense, where the operating matrix and fundamentals of the sector have improved which has led to better performance. Also a comeback on valuation front, where the stocks which were quoting at a price earning multiple of single have been now consistently quoting in high double multiples. A number of them have seen this transformation due to a stable policy environment, policy push and policy cleanup which the government has undertaken in the last ten years. The consensus estimate of the street is that policy continuity is the most critical thing for the re-rating to continue. In this new series, we take a different sector and how much they are dependent on government policy and how investors can protect their portfolio from any sudden decline.
Defence stocks: Stay bullish, just hedge a bit to avoid narrative-based decisions; 4 stocks with upside potential of up to 33%
One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.
Panama's next president says he will shut down one of the world's busiest migration routes
Panama's President-elect Jose Raul Mulino aims to close a major migration route, impacting 500,000 people. Organized crime involvement and challenges in operations and logistics cast doubt on the plan's success.
Joe Biden wants to remind 2024 voters of a record and an agenda. Often it's Donald Trump's
President Joe Biden seeks reelection by contrasting his vision with Donald Trump's controversial past. Biden emphasizes Trump's dangerous statements and policies, aiming to showcase a stark difference in leadership styles and priorities for the country's future.
Is Japanese Yen a canary in the coalmine? What it means for Bitcoin
The crisis facing the yen stems from a confluence of factors that have pushed the Bank of Japan into an economic policy corner. With a debt-to-GDP ratio of over 260%, among the highest in the world, Japan has been effectively locked into keeping interest rates at ultra-low levels, near zero, for years.
India can't, in the name of open economy, open up its national security to work with China: S Jaishankar
From the big shifts in foreign policy under the Modi government, the China challenge to CAA and the heat and dust of electoral politics, External Affairs Minister S Jaishankar touched on a range of topics in a freewheeling discussion at the ET Roundtable.
The global turn away from free-market policies worries economists
That faith in the superiority of free-market policies was deeply shaken in recent years by a string of global jolts -- the pandemic, supply chain meltdowns, soaring inflation and interest rates, Russia's invasion of Ukraine etc.
Congress manifesto pledges to engage with Pakistan depending on its willingness to end cross-border terrorism
Emphasising improving bilateral relations with China, Congress promised to work on restoring the status quo ante on India-China borders to ensure the revival of armies patrolling in the areas which were accessible in past.
To compete with China on economic front, India must focus on manufacturing: Jaishankar
Jaishankar stresses India's shift towards manufacturing to rival China. Emphasizes technology and counter-terrorism. Highlights India's global collaborations post-COVID-19, including strengthened ties with UAE and agreements with various countries for mobility opportunities.
"Will terminate every open border policy...": Trump tears into Biden administration over illegal immigrants issue
Former US President Donald Trump came out heavily against the Biden administration over the 'heavy influx' of migrants from the border and migrant crimes, while announcing that he will terminate every 'open border policy' if he comes to power.
Donald Trump cheers border bill collapse, vows 'deportation operation'
The death of the bipartisan bill in the US Senate this week highlights the ex-president Donald Trump's iron grip on the Republican Party, as he is keen to deny Biden a win on the hot topic of immigration. "Let's not forget that this week we also had another massive victory that every conservative should celebrate. We crushed crooked Joe Biden's disastrous open borders bill," Trump declared at a rally in South Carolina.
US solar boom opens $2 billion Indian door to banned products from China
Global concerns that Chinese officials were incarcerating or forcing members of the Uyghur minority to work in factories led US Congress to enact the Uyghur Forced Labor Prevention Act, known as UFLPA, in December 2021.
Senators release a USD 118 billion package that pairs border policies with aid for Ukraine and Israel
With Congress stalled on approving USD 60 billion in Ukraine aid, the US has halted shipments of ammunition and missiles to Kyiv, leaving Ukrainian soldiers outgunned as they try to beat back Russia's invasion.
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