FT News Briefing Secret paper trail reveals hidden Adani investors
Sep 4, 2023
Investigative reporter Dan McCrum dives into his latest findings about India's Adani Group, revealing hidden investors linked to the family through shell companies. He discusses alarming implications of potential market manipulation and regulatory compliance issues. The conversation also touches on the broader economic landscape, where global growth is anticipated to slow, while more American mothers are re-entering the workforce amid changing job dynamics. McCrum's insights shed light on the intricate web of finance and politics surrounding Adani.
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Hidden Adani Investors
- The Financial Times uncovered the identities of two large Adani shareholders hidden behind shell companies.
- These shareholders are linked to the Adani family, raising concerns about potential market manipulation and compliance with Indian regulations.
Hollywood Strike Impact
- Ongoing Hollywood writer and actor strikes significantly impact California's economy, causing an estimated $5 billion loss.
- The strikes affect not only the entertainment industry workers but also related businesses.
Mothers Return to Work
- More American mothers are returning to the workforce than any time since 1948, exceeding pre-pandemic levels.
- The primary driver is financial pressure due to rising living costs, not increased work flexibility or opportunities.