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Gautam Adani - A + A MUMBAI (Aug 9): Gautam Adani is a different sort of Indian tycoon. The 60-year-old university dropout and son of a trader is a first-generation entrepreneur who has become the world’s fourth-richest man by building and buying critical energy and infrastructure assets at lightning speed. There is none of the obvious financial profligacy that broke many of his rivals in recent years, but other concerns cast a shadow over the billionaire who is starting to get too big to fail. At some US$220 billion, the combined market value of the Adani group’s seven publicly traded companies, all of which carry the industrialist’s name, has increased tenfold in three years. Gautam Adani leads as chairman and is flanked by his wife, brother, two sons and some nephews in various roles. The family’s power rests with large equity stakes of up to 75%, including in the flagship Adani Enterprises which houses data centres, roads and airports and incubates new … [Read more...] about Breakingviews: Gautam Adani takes new tycoon risk to next level

Peter Bergen is CNN's national security analyst, a vice president at New America and a professor of practice at Arizona State University. Bergen's new paperback is "The Rise and fall of Osama bin Laden." from which this article is, in part, adapted. The views expressed in this commentary are his own. View more opinion on CNN. (CNN) In 1961, after a CIA-backed invasion of Cuba failed spectacularly, President John F. Kennedy said of the Bay of Pigs fiasco, "Victory has 100 fathers and defeat is an orphan." Peter Bergen Last week, President Joe Biden took a victory lap when he announced that the US had tracked down and killed its most wanted terrorist, al Qaeda leader Ayman al-Zawahiri, who was living in a house in Kabul, Afghanistan. Don't expect a similar celebration on August 30, the first anniversary of the US troop withdrawal from Afghanistan, which ended the longest war in American history. Any realistic assessment of that action shows that it … [Read more...] about Opinion: Biden’s Afghanistan exit decision looks even worse a year later

This story is part of Fast Company’s Most Creative People in Business 2022 . Explore the full list of innovators who broke through this year—and had an impact on the world around us. advertisement advertisement While many businesses floundered during the pandemic, Big Tech thrived. Even as markets have entered bear market territory, large technology companies—including Apple, Microsoft, Amazon, Meta Platforms, and Alphabet—still account for nearly 20% of the S&P 500, a weighted index of the largest public players in the U.S. But stock market indices don’t begin to capture Big Tech’s influence—over culture, speech, business formation, and even democracy. And no one person is doing more to compel technology companies to take responsibility for their power than Margrethe Vestager, a Danish politician who has served as Europe’s commissioner for competition since 2014. Vestager first made international headlines in 2016 for handing Apple a $14.5 … [Read more...] about How Margrethe Vestager got the upper hand over Big Tech

GAS LINES IN AMERICA… Four Governors Declare States Of Emergency Due To Gasoline Shortage Four governors declared states of emergency in response to gas shortages brought on by the Colonial Pipeline hack. Democratic North Carolina Gov. Roy Cooper declared a state of emergency on Monday due to his state’s gas shortage. Republicans Govs. Brian Kemp of Georgia and Ron DeSantis of Florida, and Democratic Virginia Gov. Ralph Northam declared states of emergency on Tuesday. Republican South Carolina Gov. Henry McMaster announced that he would not declare a new state of emergency because the state was already in one due to the COVID-19 pandemic. Kemp suspended Georgia’s gas taxes, while Cooper eliminated transportation regulations. McMaster instituted anti-price gouging laws. Virginia Republicans called on Northam to suspend the state’s gas tax. CBS NEWS… The South was being hit hardest. Late Monday, almost 6.5% of gas stations in Virginia were out of fuel, … [Read more...] about Editor Daily Rundown: Governors Declare States Of Emergency In Response To Gas Shortages