September 18, 2017
By Gillian Tett

When Donald Trump arrived in the White House earlier this year, he loved to toss the “i” word around: infrastructure. Little wonder. Mr Trump won last year’s US presidential election by pledging to create millions of jobs and faster growth. An obvious way to do this would be to unleash a big infrastructure plan. After all, America’s infrastructure has deteriorated so badly in recent years that it now ranks 12th in the world, according to the White House. But nine months into the presidency, that “i” word has quietly disappeared from view. Yes, the president still makes vague promises about “a...


By Web Desk

Jamie Dimon says the cryptocurrency bitcoin is a “ fraud,” and if any of his traders dealt in it they would be sacked for sheer stupidity. Given that he runs JPMorgan Chase, which makes its money from shuffling traditional currencies around, one might suspect Mr Dimon of talking his own book. Is he? Financial authorities increasingly agree with him. China has banned companies from issuing their own token currencies, and is considering proscribing cryptocurrency exchanges. On Tuesday, the UK’s Financial Conduct Authority issued a terse warning on initial coin offerings, which followed a similar comment from Hong...


By Zeeshan Haider

Pakistani and Indian officials met for the second time in two months in Washington to find ways to resolve their long-running disputes relating to water distribution between the two neighbouring countries. The two days of talks, brokered by the World Bank, focused on Pakistan’s objections on Ratle (850MW) and Kishanganga (330MW) hydroelectric projects of India on Chenab and Jhelum which Islamabad says are designed in violation of the 1960 Indus Waters Treaty. The World Bank, after the talks, said the meetings were part of a process to safeguard benefits of the 57-year-old Indus Waters Treaty. Pakistan maintains it was given...


By Richard Branson

Hello, Lonwabo. It’s great to hear that you have such a love for entrepreneurship; it sounds like you just need to figure out where to focus that energy. Luckily enough, that should be the easy part. I’m willing to bet that you have many passions in your life besides entrepreneurship. Running a business is all about combining those passions — and turning them into something greater than the sum of their parts. To discover what you’re passionate about, write down all the ways you allocate your time each week. What exactly do you do with all those hours? Where do you go? What do you talk about? What do you...


By Jan Khaskheli

Muhammad Bachal Chhajro, a small-scale farmer, who belongs to village Jhalo Sharif in Dadu District, has a valid reason to start using farmyard manure to restore the lost nutrients and fertility of lands. “After watching the output of all crops decline for four decades, I finally realised that the small piece of my family land has lost its fertility,” Chhajro told The News. Explaining about the method he used to counter the lack of nutrients in soil, Chhajro said he mixed farmyard manure in the flowing tube-well. “It is an easy process to mix the manure while the water is flowing from the tube well, as it spreads almost...


By Mark Miller

“Immigrants - we get the job done" is one of the most famous lines from "Hamilton," the hit Broadway musical. But the play’s creator, Lin Manuel Miranda, might well have written: “Immigrants - we keep the country young. ”The Trump administration's move last week to end protections and benefits for young people who were brought into the United States illegally as children is a nightmare for undocumented people and so-called Dreamers. But the immigration crackdown also adds to the challenges the United States faces in adjusting to an aging population.The U.S. 65-and-over population will nearly double over the next...


By Sirajuddin Aziz

Perhaps many of us, use these two words, as synonyms. However, there is a very fine line that demarcates the meaning and implication of, inspiration and motivation. They do not mean the same. Motivation is more on a worldly plane. It has, as its great manifestation, the ego satisfying tendency. Those referred in everyday corporate parlance as “go – getters” or “street smart” are recognised as “motivated” individuals. Motivation is bound within the boundaries and target of limited achievement. Inspiration, as mystical as it can be, has an “unknown source”. Inspiration is more spiritual....


By John Gapper

If you leave the world’s largest free trade area because you believe in free trade, you are bound to confuse people. Brexit faces grave difficulties of substance, but it also has a brand problem. This struck me last weekend at the Villa d’Este, a 16th-century luxury hotel by the shore of Lake Como. It is the setting for the Ambrosetti Forum, Italy’s closest equivalent to Davos. Italian and European policymakers, with a sprinkling of technocrats and politicians from the US and Asia, gather there to reflect on the state of the world and discuss ways to improve it. Brexit is a tough sell to such people, who mostly believe...


By Xavier Rolet

 A decade after the financial crisis began, capitalism, a social arrangement designed to help people by providing capital for companies to innovate, grow and create jobs, is still failing. The crisis starved the economy of capital. As well as leading to calls for greater protectionism, this failure poses a clear and present threat to the economic future of Europe itself: the EU is creating neither the companies, nor the jobs, of tomorrow. While 60 per cent of the world’s most valuable companies come from America, less than 15 per cent come from Europe - down from 30 per cent a decade ago. And China is catching up fast. With...