In this week’s wrapup, we look at why Embassy REIT’s CEO is under SEBI’s lens, Ireland’s economic success (and its cracks), China’s hidden debt problem, what’s drying up Indian lakes, and the Bitcoin rally tied to Trump’s presidential victory.

And for this week's markets edition, we talked about how a rising dollar and a sinking rupee could have big consequences for the Indian economy. Who stands to gain from this, who loses, and what it all means for you? Click here to read the full markets story.

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

Why is SEBI after the Embassy REIT CEO?

Remember Cafe Coffee Day (CCD), the omnipresent coffee chain?

In 2019, CCD's parent company, CDEL faced a major scandal when SEBI found a massive ₹3,500 crore mismanagement in its accounting books. And recently, the company's auditors from that time got hit with big penalties, including a ban from conducting further audits.

And turns out, the CEO of Embassy REIT was one of the auditors for CDEL, which is why SEBI is after him too.

Check out our Monday newsletter to find out what exactly happened.

Is Ireland’s economic success sustainable?

The Republic of Ireland has more money than it spends—a situation quite rare for many countries, who often rely on debt to meet their expenditures.

At first glance, the economic conditions in Ireland seem ideal. However the catch is that a large chunk of its tax revenues, jobs, and other services are dependent heavily on multinational companies that have established their headquarters in Ireland.

And this reliance heavily distorts the shining growth figures and high per capita GDP for Ireland. Curious to know how?

Check out our Tuesday newsletter for a full breakdown on the fundamental issues facing the Republic of Ireland.

China's hidden problem

China’s back with more extreme economic measures to prop up the economy.

It's announced a $1.4 trillion debt package to help local governments. And this debt package will enable local governments to swap risky off-the-books debt for official, government-backed municipal bonds.

But will this fix the underlying issue China's hoping for, or is it just papering over the cracks?

Check out our Wednesday story for the answers and an in-depth analysis of China’s hidden debt crisis.

Why are Indian lakes drying up?

Do you know that freshwater lakes hold 90% of Earth’s liquid potable water? Yes! and that's why lakes have an important role to play in our daily lives.

But over 50% of the world’s largest lakes are drying up, and in India, over 30 major lakes have seen a similar trend from 1992 to 2020.

So, what’s causing this? And what are we doing to preserve them?

Find it all in our Thursday's story.

Will Trump take Bitcoin to the moon?

In 2019, Donald Trump outrightly dismissed Bitcoin. But today, he's determined to turn the U.S. into the 'crypto capital of the planet'.

And his most eye-catching promise? Developing a U.S. Bitcoin Strategic Reserve.

You sure might be intrigued to know what the heck that is and if Bitcoin's going to keep rallying under Trump’s reign.

Check out our Friday's story to know what a Trump presidency could mean for cryptocurrencies and Bitcoin.

Finshots Weekly Quiz 🧩

Here’s your chance to win some exclusive Finshots merch. All you have to do is click on this 👉🏽 link, answer all the questions correctly by 12 noon on November 23, 2024 (Saturday) and tune in to our Sunday newsletter aka Sunny Side Up next week to check if you got lucky.

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

Liked this wrapup? Don’t forget to share it on WhatsApp, LinkedIn and X.

Your ultimate Health Insurance checklist!

Having the right health insurance is so important. Whether you’re looking for a new plan or want to review your current one, Ditto’s IRDAI-certified advisors are here to help. Click here to book a FREE call today!