You begin to see a picture of an unraveling of nature. That is alarming—and I think alarming, even by our own measures of alarming—we really thought with the efforts that were going on, that we would see change in the direction… We are playing Russian Roulette with the threat of pandemics and in the end we will lose ... big. And Covid-19 is only the beginning.
That’s Rebecca Shaw, the chief scientist at the World Wildlife Fund, explaining the core finding of a new report: the world's wildlife populations have fallen by an average of 68% in just over forty years! And yes, we humans are entirely to blame. The main driver: the destruction of habitats for agricultural production. Also, consider this: 40-odd years is “a blink of an eye compared to the millions of years that many species have been living on the planet." Illustration: Parth Savla
A rumoured Amazon-Reliance rishta in retail
The TLDR: Bloomberg News sent Reliance stock soaring with a report that Amazon is in talks to buy a whopping 40% stake in Reliance Retail for the low, low price of $20 billion. Unlike previous such reports, this is a much, much bigger deal if it does indeed go through. It will be the biggest ever in India as well as for Amazon. We take a quick look at the rivalry between the two giants—and also why any such jodi is bad news for the Indian consumer.
A mouth watering market
India’s retail market will be worth $1.3 trillion by 2025—a dizzying rise from $700 billion in 2019. And everyone wants a piece of it. That’s exactly why global companies have rushed into India—from apparel brands like H&M and Adidas to retail giants like Walmart, which bought Flipkart for $16 billion in May 2018. The richest and largest gorillas in the ecommerce space right now are Reliance, Amazon and Flipkart.
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