(Bloomberg Opinion) Shortly before the 2014 election that made him prime minister, Narendra Modi came up with the idea that India’s young population, constitutional checks on arbitrary political power and large domestic market would bring prosperity over a decade.
(Bloomberg Opinion) Taiwan Semiconductor Manufacturing Co. spent a record $30 billion last year on factories that churn out the world’s most-advanced chips. It seems that wasn’t enough. This year, it’s decided to up the ante by forecasting a budget of as much as $44 billion.
(Bloomberg Opinion) Ouch. A record high of 5% for euro area inflation in December will cause a few red faces at the European Central Bank, which had been hoping that 2021 had already seen the peak. It was only a 0.1% uptick from the prior month.