That’s a major shift from back in 2007 when Europe was four times the size of US tech, BBG reports. 11:00 AMRBI governor rules out stagflation, expects consumer inflation to moderateShaktikanta Das has dismissed worries of stagflation despite faltering growth amid rising inflation. Reuters reports: "India's economy likely suffered its largest quarterly slump on record, data is expected to show on Monday, as coronavirus-related lockdowns add to already-declining consumer demand and investment. Exchange data showed that foreign institutional investors bought equities worth Rs 1,004.11 crore on a net basis on Friday. They invested Rs 3,301 crore in July and Rs 24,053 crore in June on net basis.

Source: The Hindu August 31, 2020 03:35 UTC