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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Quick takeaways
- Global growth is expected to slow next year due to inflation and economic challenges in manufacturing and exports.
- An investigation revealed hidden shareholders in Adani Group, raising concerns about market manipulation and Indian financial regulation.
Deep dives
Global growth expected to slow next year
Global growth has exceeded expectations this year, thanks to strong labor markets and consumer demand, especially in the US. However, new forecasts predict a slowdown in growth next year. Economists anticipate that high demand will keep inflation elevated, resulting in the need for higher interest rates. In the UK, Eurozone, and China, challenges persist in manufacturing, exports, and overall economic performance.
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