U.S. President Barack Obama watched a parade of India's military might and cultural diversity on Monday, the second day of a visit trumpeted as a chance to establish a robust strategic partnership between the two countries. Full Article | Factbox
ATHENS - Greek leftist leader Alexis Tsipras promised on Sunday that five years of austerity, "humiliation and suffering" imposed by international creditors were over after his Syriza party swept to victory in a snap election on Sunday.
The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to cater to wealthy clans, from Chinese multi-millionaires to old world dynasties in Europe and the United States. Full Article
India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of its poor people living beyond the reach of traditional bank branches. Full Article
Pulitzer Prize winning author Jhumpa Lahiri won the DSC Prize for South Asian fiction on Thursday, the third straight year a writer of Indian origin has carried off the annual $50,000 prize that recognises the region's top literary talent. Lahiri, who won a Pulitzer Prize in 2000, was the best-known author on a shortlist of five writers with her entry "The Lowland," a tale of brothers bound by tragedy. Read
'The Red Sari'
Efforts by the Congress party to block the publication of a "dramatized" biography of president Sonia Gandhi only stoked interest in the book, said author Javier Moro. "The Red Sari", the English translation of the 2008 Spanish-language "El sari rojo", hit bookstands in India seven months after the party was ousted after a decade in power. Full Article
Global business leaders and bankers convene this week for the World Economic Forum fresh off a $3.5 trillion year of mergers, the biggest tally of the post-financial crisis era. While the momentum creates an ideal climate for corporate dealmaking, it’s less clear the atmosphere is conducive to strike the more important political accords for which Davos has become renowned. Full Article
Asia is battling not one but three demons. The unholy trinity of debt, deflation and demographics threatens to sap the region’s growth potential. Fending off the challenge requires central banks to cut borrowing costs. But they are reluctant to do so when U.S. interest rates are poised to rise. That could turn out to be a huge error. Full Article
New Miss Universe
A 22-year-old business student and model from Colombia was named Miss Universe on Sunday at the annual beauty pageant, beating out 87 others. Paulina Vega studies business administration at the Universidad Javeriana in Bogota and has been a model since she was eight years old. Full Article