In this week’s wrapup, we talk about the UK's unlawful climate plan, trade at the Red Sea, self-healing roads, the lifecycle of a mall and the RBI's new draft rules for project finance loans.

Also, we'll be hitting pause on our Markets Edition for a few weeks. But don't worry! We'll be back soon.

Meanwhile, here’s a recap of what we wrote over the week.

The UK's climate plan is unlawful!

The UK High Court judge recently called the government’s Carbon Budget Delivery Plan (CBDP) "vague and unquantified". They felt that the plan wasn't backed by sufficient evidence to actually meet the country's emission reduction goals.

And this isn't even the first time. Less than 2 years ago the High Court rejected an earlier plan too. So what's happening?

Well, that's what Monday's newsletter was about. You can read it here.

The Red Sea is still a no-go zone

The Red Sea is in quite a bit of a crisis. And this has been happening for a while.

But the Red Sea is an important trade route for shipping companies moving goods and merchandise between Asia and Europe. And trouble there, means trouble for international trade.

So how are things looking for trade at the Red Sea right now? We discussed it in Tuesday's newsletter here.

Goobye potholes, hello self-healing roads?

Potholes can be very annoying while you ride or drive. They can even cause accidents and be life threatening. But India's highways authority wants to make Indian roads pothole-free. And it wants to do it quite innovatively with a new technology―self-healing roads, so potholes don't stand a chance!

But how does this genius-sounding stuff work? You'll have to read Wednesday's newsletter to find out.

The life and death of an Indian shopping mall

Malls are dying. At least that's what a real estate consultant firm, Knight Frank says in its latest report. These are malls that are barely occupied, with no stores that stand out, no movie screens or food courts. Just a ghostly silence. And it's not as if these malls start off empty. They obviously begin with bustling crowds and business.

But how do they go from being successful to becoming a ghost mall then? Find out in Thursday's newsletter.

Another RBI rule is freaking banks out

You probably know that India’s central bank, the RBI, has been tightening the noose around bank lending. And it has cracked the whip again. It wants banks and NBFCs to be more cautious with large infrastructure loans and make higher provisions for project finance loans to absorb the risks of loans that they may not be able to recover in the future.

And that is freaking banks out. But why?

We explained that in Friday's newsletter.

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That's it from us this week. Have a great weekend!

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