The Signal - Truss, Xi to hog the weekend
Truss, Xi to hog the weekendAlso in today’s edition: Sugarcane is northbound; Netflix and Microsoft cross gaming paths; Uber’s all in on adsGood morning! Last evening, The Signal reached a small milestone in its journey: 50,000 subscribers. It took us a while to get there, but here we are. On behalf of our team, a big thank you to you, the reader, for being part of this journey and making us an integral part of your morning routine. We’re not done yet; in fact, we’re just getting started. Speaking of getting started, here’s today’s edition. 🎧 Lionel Messi is the latest “tech bro” from the sports world. The Signal Daily is available on Spotify, Apple Podcasts, Amazon Music, and Google Podcasts, or wherever you listen to your podcasts. If you enjoy reading us, why not give us a follow at @thesignaldotco on Twitter and Instagram. The Market Signal*Stocks, bonds… British PM Liz Truss’ resignation injected some verve into the UK’s bond market, whose jitters were the primary reason for instability in markets worldwide in the past six weeks. Buoyant corporate earnings kept Indian equities on an even keel although the rupee’s fall is weighing on investors’ minds. While it will make imports more expensive, exporters will make windfall gains. "I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody." - James Carville, strategist for Bill Clinton Early Asia: The SGX Nifty declined -0.12% lower than its previous close at 7.30 am India time. The Hang Seng Index (-0.37%) and Nikkei 225 (-0.29%) were also swimming in the red. POLITICSBritain May Yet Get Its First Indian-origin PMBritish Prime Minister Liz Truss has resigned, making her predecessor Boris Johnson’s 34 months in power look like an era compared to her blink-of-an-eye 44 days in office. Truss’ will be the shortest stint by any British PM in history. The Daily Star’s lettuce popped the bubbly. BREAKING NEWS:
🚨 THE LETTUCE HAS OFFICIALLY OUTLASTED LIZ TRUSS AND WON 🚨
ALL HAIL THE LETTUCE.
🥗🥗🥗 Daily Star @dailystar New leader: Conservative Party members of parliament (MP) will choose another leader next week. Rishi Sunak, who had won the MPs’ vote last time 137 to Truss’ 113 but lost out in the party members’ poll, is again the frontrunner. Some want Johnson back. Not easy: Labour Party leader Keir Starmer has called for a general election. Yet, even Starmer knows that anyone occupying 10 Downing Street will be wearing a crown of thorns. Britain’s economic woes are not only deep-rooted but also worsened by the war in Ukraine. FARMINGSugarcane Cultivation Sweetens The Deal In North IndiaWhat should never have been grown in the water-scarce states of Tamil Nadu and Maharashtra is slowly being uprooted. While north Indian states witnessed a 42% surge in sugarcane output in the last decade, production slumped 32.4% in the south. Tamil Nadu (TN) leads the pack with a 66% decline. What's happening?: State governments in the north are encouraging farmers to cultivate sugarcane. A hike in State Advisory Price for sugarcane that’s higher than the Centre's Fair and Remunerative Price also helped. The south, including TN, works on a revenue-sharing model. Blessing in disguise: UP and Bihar are water-rich states thanks to large snow-fed rivers such as the Ganges and Kosi originating in the Himalayas. Contrast that with Maharashtra which subsidises the water-guzzling crop in semi-arid regions quenched by inefficient irrigation projects. CHINANo Party For Private SectorThe decreasing influence of private enterprise in the larger scheme of things in China is starkly visible at the Communist Party of China’s (CPC) 20th Party Congress. It comes at a time when the CPC is deeply entrenching itself in private companies. Thin representation: Financial Times reported that the number of private sector delegates dwindled to 18 this year from 34 in 2012. Only three are from the top 500 companies by revenue and just one from the digital industry. The number of party committees, meanwhile, has increased by 10% to 1.6 million in the past 10 years.
A MESSAGE FROM OUR PARTNERA Diwali Gift To Start UpWhether it is buying a new car, getting married, stepping into a new home or starting a business, there is no better time than the festival of lights. We’re sure you know someone who carries the glow of an idea in their mind. Someone who has entrepreneurial dreams. This Diwali, light up their path to an unmatched opportunity. Refer them to Antler India Residency, a programme designed to find the ideal co-founder(s) and the money to boot up. In as little as three months. At the Antler India Residency, they can find co-founder(s) who will ideate, execute and build with them in an ecosystem that nurtures and mentors founders. Let their idea light up the world. GAMINGNetflix And Microsoft Swap PlacesKinda. As Protocol first reported in August, Netflix is building the blocks for cloud gaming infrastructure. Now it’s official: the company’s expanding beyond mobile and building something that won’t resemble Google’s failed Stadia, which had the tech chops but whose use case made little sense. Realising those cloud gaming ambitions won’t be easy for Netflix though. Then there’s Microsoft, an early mover in cloud-everything that wants a chunk of the mobile pie. Unsurprising, considering Activision Blizzard King makes more money from mobile than consoles and PCs combined. To that end, Microsoft is developing an Xbox mobile store that’ll compete with the App Store and Google Play. This segues neatly into its plans to bring Xbox Cloud Gaming to mobile, and chief Satya Nadella’s ultimate goal of making interoperability a stepping stone to its cloud. 🎧 Will Netflix become the next big thing at cloud gaming? Find out on The Signal Daily, available on Spotify, Apple Podcasts, Amazon Music, and Google Podcasts, or wherever you listen to your podcasts. TECHUber’s Value Ad PropositionThe world’s most famous ride-hailing company is digging its heels into digital advertising. Uber has a $1 billion target for ad bookings by 2024 and wants to go beyond ads on Uber Eats to ads within the ride-hailing app—specifically, while people book or complete a trip—atop cars, and behind seats. Hmm: Mark Grether, who heads Uber’s ad efforts, says in-cab commercials would work because customers are “uniquely attentive” during rides. But most of us are either on phones, chatting, or willing to gaze anywhere but at an ad-displaying tablet. Not to mention that promos surfacing when you book a cab or end a trip would be a nuisance at best. Aside: Uber is one of many companies building self-serve ad networks in the wake of Apple’s privacy changes. The joke is that Apple itself is turning to ads as iPhone sales decline. FYIBoost: Tata Consumer Products recorded a 36% rise in year-on-year growth and <29% rise in profits, led by revenue jumps from Starbucks, Sampann, and Tata’s salt portfolio. New low: The Japanese yen, whose value has fallen 23% this year, dropped to 150 against the US dollar–its lowest level since 1990. New drop: Reliance-owned Jio Platforms has officially launched the JioBook, a ₹15,799 ($190) laptop that ships with a sim card and runs on JioOS. Exit: Amin Zoufounon, Meta’s VP of corporate development who played a critical role in the acquisitions of WhatsApp, Instagram, and Oculus, has left the company. Yikes: Hyundai is investigating child labour violations in its American supply chain in Alabama, US. Pay up: India's Competition Commission of India (CCI) has fined Google ₹1337.6 crore for pre-installing its own suite of apps on Android phones, deeming it an "anti-competitive" practice. THE DAILY DIGIT$4.4 trillionThe combined valuation of Apple and Saudi Aramco—worth $2.3 trillion and $2.1 trillion respectively—which Elon Musk believes Tesla can exceed. (Markets Insider) FWIWA star is reborn: Hollywood actor Anna May Wong was one of the first artists to work in technicolor. Today, she's making history once again. Wong is the first Asian American movie star to be immortalised in the US currency and one of few women with her own coin series, alongside poet-activist Maya Angelou and Sally Ride—the first American woman in space. Now that’s great company. Under the hammer: When McDonald’s released its limited edition Happy Meal for adults, it wanted to elicit the feeling of simpler times. Turns out it can also collect a high price on bidding sites. Some bidders are hoping customers are willing to pay top dollar for these pieces, even as high as $300,000. Ah, the power of nostalgia. Enjoy The Signal? Consider forwarding it to a friend, colleague, classmate or whoever you think might be interested. They can sign up here. Do you want the world to know your story? Tell it in The Signal. Write to us here for feedback on The Signal. If you liked this post from The Signal, why not share it? |
Key phrases
Older messages
Jio dethrones BSNL
Thursday, October 20, 2022
Also in today's edition: What US midterm elections bode for Ukraine; Google doubles down on hardware; Parler is a bad buy for Ye; Fashion is in a fix
Parle wants an upgrade
Wednesday, October 19, 2022
Also in today's edition: WhatsApp wants to replace iMessage; The road ahead for Netflix; India inches closer to 'garibi hatao'; Is J&J decoupling from India?
Adani’s jumbo-sized airport ambitions
Tuesday, October 18, 2022
Also in today's edition: The great Goldman reshuffle; TCS has a moonlighting caveat; Apple dumps YMTC; Truss' trust deficit
Ultrafast delivery aged like milk
Monday, October 17, 2022
Also in today's edition: India has too much O2; Notes from the Beijing Congress; Spotify's podcast headaches; Will Microsoft lose Activision Blizzard King?
Future perfect
Saturday, October 15, 2022
Rewiring the brain to prioritise long-term gains can help with health, personal finance, and even climate goals
You Might Also Like
Tomorrow is the end of the line for you
Saturday, April 27, 2024
This streamlined, intuitive system that will revolutionize the way you build your business and do so quick as lightning View in browser ClickBank You've probably heard how ChatGPT's artificial
More Startups Have Fallen Out of Product-Market Fit
Saturday, April 27, 2024
Out of Product-Market Fit To view this email as a web page, click here saastr daily newsletter More and More SaaS Startups Have Fallen Out of Product-Market Fit By Jason Lemkin Thursday, April 25, 2024
Snowflake's Mission: Demolishing Data Limitations in the Era of Enterprise AI
Saturday, April 27, 2024
Unveiling the Tech Specs, Leadership Changes, Trends and Future Prospects
How PE cash flows have changed
Saturday, April 27, 2024
Also: Global M&A dealmaking on the mend after two years of decline; Our insights from Paris Blockchain Week; Emerging Space Brief: Quantum Sensing... Read online | Don't want to receive these
'Do Things That Show You Care'
Saturday, April 27, 2024
We spoke with former Siena College Basketball Head Coach and Daily Coach Network member Carmen Maciariello about the fast-evolving nature of the profession and the importance of paying back those who
Migrant labour marches into the line of fire
Saturday, April 27, 2024
Indian migrant workers have a long history of repression and poor treatment. In 2024, nothing has changed. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Opt-in form for Medium posts
Saturday, April 27, 2024
Today's hack Opt-in form for Medium posts: make a PNG printscreen of your opt-in form, embed it with a link to the opt-in page While looking for the next tasty hack, I was reading this article,
This 19-page website is on track to earn $200,000 in its first year
Friday, April 26, 2024
...mostly on auto-pilot
Videos that drive results
Friday, April 26, 2024
Today's Guide to the Marketing Jungle from Social Media Examiner... Presented by Social Media Marketing World logo It's 🥨 National Pretzel Day, Reader! Do you like them soft or crispy? In
Meet the Man Killing Google Search...
Friday, April 26, 2024
Who is responsible for Google's core product...search? Google's head of search has recently been in the news as he called an all hands on deck meeting to tell Google employees of a new