India's stock market crisis isn't just the Adani Group's problem — it's a political issue for Prime Minister Modi too

Tue, 02/07/2023 - 04:48
Tech Insider : Politics
Members of Congress party demand an investigation into allegation of fraud by Adani group according to Hindenberg investigation, alleged investment by LIC and SBI in Adani Group and protest against Narendra Modi government over the issue on February 6, 2023 in Kolkata, India.
Ties between Indian tycoon Gautam Adani and Prime Minister Narendra Modi are under scrutiny.

Samir Jana/Hindustan Times/Getty Images

The massive selloff in Adani shares eclipses those of other short-seller targets like Enron and Wirecard

Tue, 02/07/2023 - 00:55
Tech Insider
An activist of the youth wing of India's main opposition Congress party holds a placard featuring Gautam Adani, chairman of Adani Group, during a protest against what they say are investments by Life Insurance Corporation (LIC) and State Bank of India (SBI) in Adani Group, in New Delhi, India, February 6, 2023.
Gautam Adani's business empire has been under pressure ever since US short seller Hindenburg Research leveled allegations of alleged market manipulatio

The 3 Chinese spy balloons spotted during the Trump administration were initially classified as UFOs

Mon, 02/06/2023 - 23:37
Tech Insider : Politics
In 1963, the Amalgamated Flying Saucer Club of America released this photo taken by a member reportedly showing a flying saucer estimated at seventy feet in diameter.
In 1963, the Amalgamated Flying Saucer Club of America released this photo taken by a member reportedly showing a flying saucer estimated at seventy feet in diameter.

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Decades after winning the world's first jet-powered dogfights, US fighter pilots are still flexing their muscles over Korea

Mon, 02/06/2023 - 18:07
Tech Insider
Air Force F-80C Shooting Star fighter jets
US Air Force F-80C Shooting Stars during the Korean War in 1950 or 1951.

US Air Force/B. Butcher

As US planes bombed Japan in World War II, the Japanese sent balloons across the ocean to try to set the US on fire

Mon, 02/06/2023 - 10:19
Tech Insider
Japanese balloon bomb
A Japanese Fu-Go balloon with bombs attached near Bigelow, Kansas, on February 23, 1945.

US Army Air Corps

Beijing's response to the US shooting down its balloon has been muted. It might be China's way of preparing for a future in which the roles are reversed, says international law expert.

Mon, 02/06/2023 - 04:08
Tech Insider
Chinese Foreign Minister Qi Gang speaks in Egypt on January 15.
Chinese Foreign Minister Qin Gang speaks in Egypt on January 15.

Fadel Dawod/Getty Images

India's stock regulator tried to calm jittery investors fleeing the stock market — but even that's not helped Gautam Adani, whose companies' shares continue to take a beating

Mon, 02/06/2023 - 03:47
Tech Insider
Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023.
Indian tycoon Gautam Adani's business empire has been targeted by a short seller.

Indranil Mukherjee/Getty Images

A close read of Beijing's official statement shows it doesn't think the US violated international law by shooting down its balloon, says a legal expert who studies China

Mon, 02/06/2023 - 03:20
Tech Insider
Chinese Foreign Minister Qin Gang and members of his delegation meet with Egyptian Foreign Minister Sameh Shoukry and officials on January 15, 2023 in Cairo, Egypt.
Chinese Foreign Minister Qin Gang and members of his delegation meet with Egyptian Foreign Minister Sameh Shoukry and officials on January 15, 2023 in Cairo, Egypt.

Fadel Dawod/Getty Images

China keeps insisting its real estate market is not in a crisis — even as just about every sign points to the opposite

Mon, 02/06/2023 - 02:02
Tech Insider : Economy
Workers at the construction site of a residential block belonging to the property developer Greentown China on March 3, 2021 in Nantong, Jiangsu Province of China.
China's real-estate sector is mired in debt woes.

Xu Jinbai/VCG/Getty Images

Putin promised he would not to kill Zelenskyy, according to former Israeli prime minster who secretly met with the Russian leader

Sun, 02/05/2023 - 11:49
Tech Insider
Russian President Vladimir Putin (R) speaks with Israeli Prime Minister Naftali Bennett during their meeting, in Sochi, on October 22, 2021.
Russian President Vladimir Putin (R) speaks with Israeli Prime Minister Naftali Bennett during their meeting, in Sochi, on October 22, 2021.

YEVGENY BIYATOV/Sputnik/AFP via Getty Images

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