FT News Briefing Adani scrambles to reassure investors
Feb 8, 2023
Discover insights on global challenges as the Federal Reserve Chair emphasizes the prolonged fight against inflation. Hear about Turkey's declaration of a state of emergency following a catastrophic earthquake. Dive into the Adani Group's struggle to regain investor trust amid serious allegations, raising questions about institutional integrity in India. Plus, explore India's rising influence on the world stage as it prepares for the G20 and surpasses China in population, alongside a legal showdown between Tesco and Lidl in the grocery market.
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Inflation Control Timeline
- Fed Chair Jerome Powell warned that interest rate hikes might exceed investor expectations.
- This is due to a "significant period of time" needed to control inflation, given strong labor market data.
Earthquake Aftermath
- Turkey's President Erdoğan declared a state of emergency in earthquake-affected areas.
- Rescue efforts face challenges from logistical issues and adverse weather conditions, despite substantial aid deployment.
Adani Group's Challenge
- Adani Group is attempting to regain investor trust following a significant share sell-off.
- The sell-off was triggered by Hindenburg Research's allegations of fraud, stock manipulation, and excessive debt.