The war in Ukraine shaking up the global arms industry

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On March 21, India’s air force confirmed that a major Russian arms delivery would not occur, citing Russia’s logistical challenges stemming from its war in Ukraine. This has served as the latest example of Russia’s inability to complete weapons deals with India since the conflict began in February 2022. India is the world’s largest arms importer, and as the […]Continue Reading

China’s EV battery sector enters down cycle

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Major electric-vehicle (EV) battery markers in China have been cutting their headcount because they’re not receiving enough orders to fully utilize their fast-growing production capacity. The down cycle in the EV battery sector began partly because the Chinese government from the beginning of this year stopped subsidizing EV buyers, analysts say. Also, rising raw materials […]Continue Reading

Widodo-Megawati split propels Prabowo into the lead

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JAKARTA – Ruling Indonesian Democratic Party for Struggle (PDI-P) leader Megawati Sukarnoputri’s failure to read her country’s love for football appears to have turned the 2024 presidential race on its head with Defense Minister Prabowo Subianto now taking over as the front-runner in the latest electability poll. A fortnight after Megawati’s opposition to Israel’s participation […]Continue Reading

Why there aren’t any good jobs in India

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In: Asia, Business
An Indian coal mine worker carries a basket of coal collected at a mine in the district of Dhanbad in the state of Jharkhand in June 2017. Photo: AFP/Sanjib Dutta

The 2019 satirical film “Eeb Allay Ooo!” highlights the grim reality of India’s employment crisis. The protagonist, who lacks marketable skills, takes on the impossible job of chasing away monkeys from public spaces. The subcontractor, not happy with his employee’s performance, hurls insults, withholds his wages and finally fires him. The film unwittingly captures what is wrong […]Continue Reading