A memo to candidates for the WTO’s next boss
May 23rd 2020WASHINGTON, DCSO YOU WANT to be the next director-general of the World Trade Organisation (WTO). If successful, you will lead one of the world’s big multilateral institutions and rub shoulders with heads of state. The tax-free salary and benefits are cushy. But that is where the perks end. Here is what you can…
Sovereign-wealth funds face lean years
May 21st 2020EVERY OTHER Monday Kirill Dmitriev, the boss of the Russian Direct Investment Fund (RDIF), dials in to Zoom to chat with 15 peers from around the world. The hours-long calls often yield precious nuggets of information, both about the state of the pandemic and of financial markets.Mr Dmitriev says he was convinced early…
India’s economy has suffered even more than most
Editor’s note: Some of our covid-19 coverage is free for readers of The Economist Today, our daily newsletter. For more stories and our pandemic tracker, see our hubEMERGING FROM two months under one of the world’s most stringent covid-19 lockdowns, India faces a double dilemma. The stay-at-home rules did indeed bend the virus’s growth curve.…
Man Gets Girlfriend Congratulations Cake After She Farts in Front of Him
One Queensland couple, on Australia’s Gold Coast, used a cake to commemorate a rather contrasting affair recently – the first fart. Ryan McErlean’s girlfriend, 21-year-old Kaylie Warren at last farted in front of him after three years of being together. McErlean, 24, was so pleased with his partner that he elected to felicitate her by…