👀 The Week At A Glance
This week we talked about Sri Lanka's debt problem, a startup that lets you enter the private equity market, and the legal battle between Devas and the Indian government!
Hello, readers 👋
We’re back again to bring you up to speed on this week's business and finance developments in just 2 minutes 54 seconds! And at the end of it, we have a special surprise for you 💖
😮 Sri Lanka is Going Broke?
Sri Lanka is facing massive inflation and fiscal deficit that has driven lakhs of people to poverty. But what has caused this massive financial crisis? ReadOn to find out.
💰 India’s Global Bond Ambition
Indian companies are raking in money in the global bond market despite major uncertainty. This highlights that India may be ready to list on the global bond indices. Here’s how that listing could be great for our economy.
💸 Private Capital Market=Key to Building Wealth?
Many investors have become millionaires by investing in early-stage startups. But it is often difficult for retail investors to enter the private capital market. Here’s why.
🔑 Unlocking the Private Capital Market
Like we said, private capital markets are very difficult to enter for us retail investors and so we miss out on great opportunities to create wealth. But, luckily for us, a startup called Leadoff has solved this problem for us. Here’s what it does.
⚖ Devas v/s India: The Decade Long Battle
Devas Multimedia’s investors and the Indian government have been involved in a legal tussle for over a decade now. The problem began in 2011 when the government cancelled a deal between Devas and Antrix. And now the matter has reached international courts and could even jeopardise the sale of Air India. But why was the deal cancelled and what’s going on now? ReadOn to find out.
🌡 Is Carbon Trading the Answer to Climate Change?
Climate change is a problem that is impacting the entire world. But for many, this earth-destroying problem is not enough motivation to take action. So, world leaders devised an innovative incentive-based strategy to reduce greenhouse emissions called carbon-trading. Here’s how it works.
📰 Here's What Else Made the News and Moved Markets:
👉 Microsoft has recently been super interested in the gaming industry and has been snapping up videogame companies like they are Pokemons (Gotta catch’em all!). Last year it got its hands on Bethesda and this year it acquired Activision Blizzard for $68.7 billion, in what is the biggest videogame deal ever! But why is Microsoft acquiring video game companies? Because it plans on using their video game tech to build and enhance its metaverse, which it sees as the future. Meanwhile, Google is also making its entry into the metaverse with AR headsets that will blend computer graphics with video feeds of the real world. Which company do you think will rule the metaverse?
👉 This week oil hit a 7-year high of $87/barrel, thanks to tensions in the Middle East. The Yemen-based Houthi group attacked oil tankers parked near the Abu Dhabi airport. Following this, the Saudi Arabian coalition attacked Yemen. This and the declining reserves of oil that many countries now have pushed the prices of oil high. India is yet unaffected because of a freeze on the prices of diesel and petrol (probably due to upcoming state elections). But will the ongoing tensions further push oil prices high?
👉 Amazon has a reputation for thinking outside the box. Years ago, it entered online e-commerce as one of the first e-retailers and completely transformed the space. And now, when almost everything is online, it is opening a physical apparel store in Los Angeles. But it’s no ordinary store. The tech-first store will allow you to browse products on a smartphone and have them directly brought to your trial room. So, no more tiring shopping days!
If reading about the private capital markets has got you excited then we have some good news for you. While Leadoff is still in a “waitlist” mode, ReadOn readers can skip the queue and join Leadoff.
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Team ReadOn ❤️
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