Innholdsfortegnelse for September 16, 2022 i Newsweek International

GORBACHEV “He’s articulate as hell and incredibly well versed,” Newsweek wrote in 1987 of Mikhail Gorbachev, who died on August 30 at 91. The last leader of the Soviet Union, Gorbachev is credited with helping to end the Cold War, receiving the 1990 Nobel Peace Prize for his efforts. Over his years in power, he appeared on the cover of Newsweek more than a dozen times. In an exclusive interview in 1988, speaking of Soviet-U.S. relations, Gorbachev said: “We are different, and will remain so…But we have a common responsibility, especially our two great powers, and our every action must measure up to that responsibility”—words that still ring true today.…

“IT WAS HEARTBREAKING!”—Hillary Clinton on losing a law facts contest to Kim Kardashian “It’s just a theory.”— SHAQUILLE O’NEAL ON WHETHER THE EARTH IS ROUND “I did believe the election was stolen. I still do.”—PROUD BOY JOSHUA PRUITT BEFORE BEING SENTENCED TO 4 1/2 YEARS IN PRISON FOR HIS PART IN THE JANUARY 6 RIOT “I was not really a swearer until I played this role and now I swear all the time”—BRIAN COX OF SUCCESSION “MY FAMILY THREW ME AWAY.”—Britney Spears “There is enough evidence here to indict Trump.”—Alan Dershowitz on the Mar-a-Lago affidavit “I’M FED UP WITH PEOPLE GETTING KILLED EVERY DAY.”—Ozzy Osbourne on why he is leaving the U.S.…

Today, India can provide nearly everything it needs; our agriculture is self-sufficient. That was the base that changed India,” says Nusli Wadia, chairman of Wadia Group, an investment company headquartered in Mumbai. Wadia Group’s history goes back to 1736, when Loeji Nusserwanjee Wadia, the company’s founder, opened a marine construction company that built ships for the British. Wadia became one of India’s first master shipbuilders and a pioneer in the global shipbuilding industry; Bombay’s dry dock, the first dry dock in Asia, was built by Loeji and his brother Sorabji in 1750. “There is a small museum there now,” says Wadia. With the invention of the steam ship, however, the company changed its focus, expanding into areas like textiles, chemicals, plantations, consumer goods and aviation. Today, four of the group’s…

IDFC FIRST Bank is seeking at the forefront of the digital transformation of banking in India and is looking to forge new partnerships to maintain its cutting edge in supporting households and India’s growing range of dynamic businesses. “India is the place to be for entrepreneurs – it has truly become a market economy, and a more efficient place to do business,” says Vaidyanathan Vembu, CEO and managing director of IDFC FIRST Bank. “India has become a hugely aspirational place, everyone wants to grow. There are new entrepreneurs whether small scale like setting up a restaurant or large scale like our $200b IT industry, or in the new emerging technologies as cloud, AI, ML etc. IDFC FIRST is participating in this ecosystem as users of technologies and providers of new…

REBOOTS HAVE BECOME SO POPULAR THAT IT WAS ONLY A MATTER OF TIME before there needed to be a show about a reboot poking fun at the very idea of a reboot. Enter Reboot (Hulu, September 20), which follows the cast of a popular family sitcom brought back together for a darker take on the original series. “I think the title is great because it’s not only a reboot of a show, but people are wanting a reboot of their lives,” says Rachel Bloom, who plays Hannah, the series’ showrunner. “What’s interesting about my character is that she grew up watching the show and is coming at it from both a nostalgia place, but also then wants to, as she says, f*ck with it. She wants to do something dark.”…

The Kuwaiti banking sector is also going from strength to strength, with both Islamic and conventional banks booming. Kuwait currently has five Islamic and five non-Islamic banks, with the Islamic banking sector in particular expanding at a rate of around 9-10% a year. After seeing profits decline in 2020, the banking sector as a whole saw earnings rising by an impressive 56.6% in the 12 months to September 2021. Established in 1967, Al Ahli Bank of Kuwait (ABK) has played a major role in Kuwait’s socio-economic development and been involved in many governmental projects, and has helped investors coming into the Kuwait market. ABK now has total assets of over $18.6 billion, with a loan book of about $12 billion at the end of 2021. “ABK has contributed strongly towards…

A YEAR AFTER THE CHAOTIC U.S. AIRLIFT OUT of Kabul to escape the Taliban takeover and end a two-decade conflict in Afghanistan, the United States once again finds itself pouring billions of dollars in military and economic aid to a partner at war—this time to Ukraine, in its fight against Russia. The U.S. has committed more than $13.5 billion in security assistance to Ukraine since President Joe Biden took office and, with the $40-billion dollar aid package that Congress passed in May still being doled out, more is forthcoming. If the Afghanistan experience is any guide, experts say, much of that money will be misdirected, misused or lost altogether. “We saw the same thing with Afghanistan when we poured a heck of a lot of money” into an effort to…

India is increasingly leading the globe in a range of sectors, particularly knowledge-intensive industries that leverage its large, highly-educated workforce. Pharmaceuticals is one such sector; India ranks third in the world in production of generic medicines globally by volume, with a 20% global export market share. Overall, its total pharma exports generated nearly $25bn in the 2021-22 financial year, a figure that rose by nearly 20% on the previous year. “Whether it is lifestyle, or medicines, or medical technology, or vaccines, every aspect of healthcare has received global attention over the last two years,” Indian Prime Minister Narendra Modi told the inaugural Global Innovation Summit of the Pharmaceuticals Sector in November 2021. “In this context, the Indian pharmaceutical industry has also risen to the challenge. The global trust earned by…

Pharmaceuticals is one of the key industries pushing India’s export expansion. India supplies more than 50% of the generic drugs consumed in Africa, 40% in the United States, and around 25% of all medicine in the UK, according to official figures. Total exports more than doubled to around $20bn between 2013-14 and 2021-22. The Indian pharmaceutical sector is expected to be worth $65bn by 2024 and almost double to $120bn by 2030. Intas Pharmaceuticals / Accord Healthcare (subsidiary of Intas) – is at the forefront of this growth. The company is one of the fastest growing specialty pharmaceutical companies in Europe with a pan European presence spanning 45+ countries besides being the largest supplier to the UK’s NHS. The company also has a strong presence in US, being among top…