FT News Briefing Fed signals taper decision closer, India’s tech IPO boom
Jul 29, 2021
The Federal Reserve is inching closer to tapering its support for the US economy, signaling a significant shift. Meanwhile, an international lawyer advocates for defining ecocide as a crime, stressing environmental accountability. In India, a tech IPO boom is unfolding, with companies like Zomato and Paytm facing financial challenges but positioning the country as a major player in the startup scene. Innovations in battery recycling, driven by a Tesla co-founder, add a touch of sustainability to the tech narrative.
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Fed Signals Tapering
- The Federal Reserve signaled progress in the US economy and is moving closer to easing its asset purchase program.
- Key improvements are seen in inflation and the labor market, despite concerns about the Delta variant.
Ecocide Crime Proposal
- International lawyer Philippe Sands advocates for a new crime of "ecocide" to address environmental harm.
- This would hold CEOs and government officials accountable for large-scale environmental damage.
India's Tech IPO Boom
- India's tech IPO boom, including Zomato's success, marks a milestone for Indian equity markets.
- However, profitability remains a concern for many of these high-growth companies.