FT News Briefing cover image

FT News Briefing

Protests push Kenya to abandon tax rises

Jun 27, 2024
11:33
Snipd AI
JPMorgan adds India's debt to its index, protests in Kenya halt tax hikes, US wants to lift sanctions on billionaire for mineral access in Africa. Geopolitical implications of natural resources and US-China competition.
Read more

Podcast summary created with Snipd AI

Quick takeaways

  • Inclusion of India's sovereign debt in J.P. Morgan's emerging markets index attracts billions in foreign investment, potentially impacting market stability.
  • Kenya's president reverses decision on tax hikes amid violent protests, highlighting the need for alternative revenue sources and fiscal discipline.

Deep dives

J.P. Morgan Adds India's Sovereign Debt to Emerging Markets Index

J.P. Morgan is including India's sovereign debt in its emerging markets index, leading to a significant influx of foreign investment. Investors have already purchased $11 billion of Indian bonds, with an additional $30 billion expected in the coming months. However, this sudden influx of capital may pose challenges for India's central bank in managing market volatility.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode