AirAsia India launch seen in Q4; may order 50 more jets
AirAsia, which smashed order records for Airbus jets to become Asia's largest budget carrier, could buy another 50 planes as it targets aggressive expansion in India, CEO Fernandes said. Full Article
Jindal to expand steel output, buy mines in West Africa
LONDON - Mid-sized producer Jindal Steel and Power hopes to quadruple steel output by 2016 to cash in on an infrastructure boom in the world's second most populous country and is also in talks to buy mining assets in West Africa.
UK fighters escort Pakistan plane to airport
British fighter jets escorted a Pakistan International Airlines passenger plane to Stansted Airport near London on Friday, where police went on board and arrested two men on suspicion of endangering an aircraft. Full Article
ITV News Twitter account hacked
British broadcaster ITV on Friday became the latest media outlet to have one of its Twitter feeds hacked by anonymous supporters of Syria's President Bashar al-Assad, just days after Twitter beefed up security to prevent such attacks. Full Article
Shares to track GDP, foreign inflows
The government will release January-March quarter GDP on Friday, which is expected to confirm the economy grew at its slowest pace in a decade in the 2012/13 fiscal year. Full Article
Mazzarri joins Inter after Stramaccioni sacked
Inter Milan appointed former Napoli boss Walter Mazzarri as their new coach on Friday after sacking Andrea Stramaccioni following a disappointing ninth-place finish in Serie A. Full Article
Latest Headlines
Commodities
Gold faces more pressure as inflation stays tame
Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialise. Full Article
OPINION
Revenge of the markets
For months, markets have been dancing to central bankers' tune, but that may now be changing. It must have been fun to be a central banker in the early part of 2013. That seems to have ended rather abruptly in the 24 hours beginning with the Bank of Japan's disappointing response to bond market volatility and including Ben Bernanke's anodyne but market-roiling comments on Wednesday on the possibility of a policy taper. Full Article
The many interpretations of Ben Bernanke
The reaction to Federal Reserve Chairman Ben Bernanke's tediously familiar statement, and release of the equally repetitive minutes of the last Fed meeting, was some of the wildest gyrations seen in the world’s financial markets for months. Why did the financial world react in this manic-depressive way to a statement that was bland and predictable? Commentary
Prosperity without power
In Moscow, they are “non-Soviet Russians.” In New Delhi, they are a “political Goliath” that may soon awake. In Beijing and Sao Paolo, they are lawyers and other professionals who complain about glacial government bureaucracies and endemic graft. Across the BRIC nations, frustrated members of the middle class are demanding change, but traditional power holders remain entrenched. Commentary
Breakingviews
Blame Japan’s debt on companies, not the state
Japan’s government is up to its neck in debt. That, however, is not because the government has been overly profligate, but because Japanese companies have been deleveraging for a long time. If Prime Minister Shinzo Abe’s policies revive private investment, the government’s track record suggests it will tighten its belt. Full Article
Bollywood fashion at Cannes
Remember fashion’s golden rule: you are what you wear. The Bollywood brigade at this year's Cannes Film Festival may seem a bit like the contestants in the national costume round of a beauty pageant. Keeping their identity intact while representing their country on an international platform is praiseworthy, but is it making a fashion statement? Blog
Beckham's final 81st minute
In his last match as a professional footballer, Beckham did everything to be a key player on the pitch. Thanks to him his team was able to score. However, there was something different this time. You could see his desperation to score, a need to shine, and an attempt to make those final minutes on the pitch last as long as possible. Full Article
Collaboration key to Bollywood’s global appeal - Irrfan
Bollywood actor Irrfan is doing his bit to help Indian films reach more audiences worldwide. His new film “The Lunchbox” is one such international co-production and won the Grand Rail d’Or at the ongoing Cannes Film Festival Critics’ Week. Click here for excerpts from an interview by Shashank Chouhan. Full Article
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