Countries need to be prepared for future food ‘shocks’ after pandemic, says FAO

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Countries need to make their agrifood systems more resilient to sudden shocks of the kind witnessed during the COVID-19 pandemic, which has emerged as a major driver of the latest rise in global hunger estimates, the Food and Agriculture Organization of the United Nations (FAO) said in a report, adding that without proper preparation unpredictable […]

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New energy economy emerging, but not quickly enough to reach net zero by 2050, says IEA

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A new energy economy is emerging around the world as solar, wind, electric vehicles and other low-carbon technologies flourish, but this clean energy progress is still far too slow to put global emissions into sustained decline towards net zero, the International Energy Agency (IEA) said in its new World Energy Outlook. “The world’s hugely encouraging clean […]

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Revenue of India’s gold jewellery retailers seen up 12-14% this fiscal – report

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After two consecutive years of decline, revenue of gold jewellery retailers is poised to grow 12-14% on-year this fiscal, driven by stable gold prices and recovery in discretionary spending, including on wedding and festive jewellery, ratings agency CRISIL said in a note. Operating margin, though, will be restored to the pre-pandemic level of 6.5-7.0%, with […]

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India staring at new inflationary challenges as oil prices rise and demand returns

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The recent increase in global crude oil prices is creating immediate short- and mid-term challenges for India as it emerges from a second wave of the Covid-19 virus to find pump prices at record highs that could impact both inflationary pressures and the economy. Global crude prices were touching $75/barrel this week – up 33% […]

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COMMENT – Colonial Pipeline hack: Implications for the future, lessons from the past

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Forecasts tell you a lot about the forecaster, but they don’t tell you anything about the future or in the case of commodities the grammatically weird plural futures. When they do come true, it is usually a mixture of deep intelligence meeting immense luck. The July 1995 released film The Net, starring Sandra Bullock as […]

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