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How to Lose $100 Billion in a Week | In The City
Posted
February 16, 2023
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February 16, 2023
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23:15Now PlayingThis week’s In the City focuses on a story that’s transfixed the global finance community for weeks: the Adani-Hindenburg clash. Bloomberg Opinion columnist Shuli Ren and Executive Editor Sree Vidya Bhaktavatsalam join hosts David Merritt and Francine Lacqua for a comprehensive discussion of the fraud allegations and the fallout. Aside from the obvious impact—Adani’s businesses lost $108 billion in a week—the crisis has shaken investor faith in India. Ren says that it’s acting as a “wake-up call for global investment banks and blue-chip credit funds.”
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Is London having another moment? Shaken by Brexit, decimated by the pandemic, threatened by new ways of working and a worsening cost-of-living crisis, the city remains Europe’s (and arguably the world’s) beating heart for finance and for culture. In the wake of turmoil, The City of London is reinventing itself. Every week on In The City, Bloomberg’s Francine Lacqua and David Merritt go behind the scenes in the Square Mile and the wider metropolis, uncovering the stories and speaking to the people that matter.
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