FT News Briefing US hits Gautam Adani with bribery charges
Nov 22, 2024
Matt Gaetz makes headlines as he withdraws from the attorney-general race. Meanwhile, billionaire Gautam Adani faces serious bribery charges linked to a $250 million scheme involving Indian officials. The International Criminal Court issues an arrest warrant for Israeli Prime Minister Benjamin Netanyahu, shaking up international relations. Plus, an insightful discussion on how tariffs shape consumer prices in the U.S. reveals that their economic impact might not be as straightforward as it seems.
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Adani's Troubles
- Gautam Adani faces bribery charges in the US, adding to his recent troubles.
- He was previously accused of fraud and market manipulation by Hindenburg Research.
Tariff Impact
- The impact of Trump's tariffs on US consumer prices is debated.
- While some specific items saw price increases, the overall effect was less clear.
Broader Tariffs
- Expanding tariffs across the board may have a different inflationary effect.
- The US being a large and relatively closed economy may influence the impact.