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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: In June 2013, an Independent Panel Report (IPR) recommended to the World Bank that the aggregate scores and country rankings reported in its Doing Business Report (DBR) be disbanded. According to them, doing away with the scores and rankings would “improve focus on underlying substantive issues and enhance the report’s value.” The World Bank, however, rejected the recommendation. It said disbanding the rankings would diminish the media coverage of DBR and “the report’s influence on policy and public discussion in the short term.” Eight years later, in September 2021, the World Bank officially decided to “discontinue” not just the scores and rankings, but the DBR itself. Scores of commentaries have been published on the decision. The dominant theme is, of course, China. Some commentators argue that the DBR team succumbed to pressure from China to tweak its ranks. Their arguments are backed by an investigative report from the law firm WilmerHale. The report says the offices of then-president Jim Yong Kim and then-CEO Kristalina Georgieva unfairly interfered with the DBR team’s work to improve China’s rankings. They castigate Georgieva and …
Delhi High Court takes aim at the search giant’s AdWords model, ruling that keyword bidding on trademarks constitutes infringement.
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
The listed hospitality group sees a drop in revenue and profit in the first quarter. Separately, China steps up engagement with Saudi Arabia and the UAE.
