India’s middle-class debt crisis
Nvidia says it expects to take a $5.5bn blow as the US clamps down on the Silicon Valley group’s ability to export artificial intelligence chips to China, and PwC is exiting 12 countries. Plus, the junk bond market has basically ground to a halt, and India’s middle class is dealing with a debt crisis that could impact the country’s growth ambitions. Mentioned in this podcast: Nvidia to take $5.5bn hit as US clamps down on exports of AI chip to China Risky corporate borrowers shut out of bo...