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The latest External Sector Report finds global current account balances widened in 2024, with China, US, and the euro area driving the largest increases. Domestic macro factors played a key role, highlighting the need for corrective policy actions by all. imf.org/en/Publication…

A deep dive -- a really deep dive some might say -- into the IMF's new External Sector Report. It is a step in the right direction, but the IMF is still understating the scale of global trade imbalances and the scale of China's surplus. 1/ cfr.org/blog/better-la…

From the Financial Times: "Investors have pushed borrowing costs for highly rated emerging market governments and companies relative to developed markets to near their lowest levels since the global financial crisis, as traditional havens such as US Treasuries lose their lustre." #economy

“India is preparing to extend a new line of credit to the Maldives, potentially finalising the agreement during Prime Minister Narendra Modi’s upcoming visit on July 25–26…” firstpost.com/world/india-re…

It was an incredible honor to host the legend A.R.Rahman - a huge idol of mine - at OpenAI today for a fireside chat and Q&A. Beyond being an iconic composer, he is also a true innovator—constantly pushing boundaries, from creating the VR film Le Musk to building a metahuman

Enrolments in China’s kindergartens have declined by 25%, or 12mn students between 2020 and 2024, from a peak of 48mn, prompting the closure of tens of thousands of schools in the country as a drop in births hits the education system. on.ft.com/4531TSZ

The World Has Too Much Steel, but No One Wants to Stop Making It nytimes.com/2025/07/25/bus…

My latest for Forbes Asia —With Political Uncertainty And Tariff Threats, Bangladesh Is Drifting via @forbes forbes.com/sites/vasukish…

.The Economist: Between 2020-2024, the number of private jets registered in India jumped by nearly a quarter. The number of monthly private flights tripled to more than 2400. In the year to March 2025, 4 of the 10 most popular private-jet routes in Asia were domestic Indian ones.

Behind Deadly Clashes, a Bitter Spat Between Two Dynastic Leaders nytimes.com/2025/07/25/wor…

Another timely and powerful book from Sanjaya Baru - India's wealth and brain drain will have profound implications

Paris!

Accidentally on Quai D’Orsay in Paris, as final leg of Tour D’France unfolds

For the 50th time the Tour de France wraps up on the legendary Champs‑Élysées! 🚴‍♂️ Stunning scenes as the cyclists of the Grand Boucle pass the Louvre Pyramid — where sport meets culture 🇫🇷✨ #TDF2025 #TourDeFrance #ChampsElysees

List of philosophers who never got married: Nietzsche, Adam Smith, Wittgenstein, Kierkegaard, Schopenhauer, Kant, Voltaire, Hume, Leibnitz, Newton, Spinoza, Locke, Descartes, Hobbes, Aquinas, Plato, Epicurus, Shankaracharya, Confucius, Swedenborg, Thoreau. I stop because it’s 280

The ceasefire agreement between #Cambodia and #Thailand is an important step towards peace. We thank Malaysia and Prime Minister Anwar Ibrahim as ASEAN Chair for mediating this process. Now, rapid implementation of the agreement and maintaining it permanently is key.

London street wisdom!

Two similar but subtly different British sayings and their translations: 1. “Anyway, I won’t keep you any longer” Translation: I’m going to walk away from you now because I want to go. 2. “Anyway, don’t let me keep you any longer” Translation: I have to stay here, so I

This threat to India just a day after Trump extends a trade truce with China and thanks them for selling us rare earth magnets. The Trump doctrine is to be tougher on allies and partners than on adversaries.

BREAKING: INDIA REACTS ON TRUMP'S 25% & PENALTY THREAT "The government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs, and MSMEs"