There is a minor ripple of concern following the announcement that US-based Abbott Pharmaceuticals would be buying the healthcare division of Piramal Laboratories. With this, and along with Ranbaxy’s being bought by Daiichi Sankyo, observers have noted, India’s pharma sector is now roughly half owned by foreign multinationals – a situation the country hasn’t seen since the 1970s. Read more

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Angela Merkel, chancellor of Germany, has called on the other G-20 countries to support a financial transaction tax to be imposed. This, she says, will help bring stability to the world’s financial volatility. Read more

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Not much fun being a European head of government right now. Most leaders are making apocalyptic speeches, saying, “Friends, Europeans and countrymen, give me your money.” And that’s pretty much what is happening. Read more

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Flitting in and out of the recent Advance Australia meeting in New Delhi, I was asked to speak about global citizenship. The audience, mostly Australian diaspora living in India, were interested in down-to-things like India’s impossible visa system for foreign residents and the like. Read more

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