Latest news with #Ba
The Market Online
13 hours ago
- Business
- The Market Online
Pillow Investment CIO Alpha Ba Shares Bold Macro Insights—And the Companies to Watch Now
'Inflation is sticky, growth is slowing—and that's a dangerous mix for companies without pricing power.' — Alpha Ba, CIO, Pillow Investment Rising Labour Costs: Unit labour costs are climbing across developed economies, putting pressure on corporate margins—especially for companies without pricing power Slower Growth Ahead: The IMF forecasts sub-2 per cent GDP growth for both the U.S. and Canada in 2025, with inflation remaining above 2 per cent, raising stagflation concerns U.S. equities remain pricey, while European and Chinese markets are delivering stronger returns at lower valuations Expert Exchange with Alpha Ba, Chief Investment Officer, Pillow Investment This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice. The global economy is entering a new phase—marked by sticky inflation, sluggish growth, and rising costs. As the International Monetary Fund (IMF) outlined in its April World Economic Outlook , both the U.S. and Canadian economies are facing a slower road ahead, with risks emerging not just locally, but across global markets. We sat down with Alpha Ba, CIO at Pillow Investment, for the latest edition of Expert Exchange , to get his macro view on where things are headed, what investors should watch, and which companies are best positioned to weather the storm. Stagflation Fears Take Center Stage According to Alpha, the IMF's latest forecasts suggest below-trend GDP growth and elevated inflation through 2025—conditions that resemble early signs of stagflation, a scenario where growth stalls but prices remain high. U.S. GDP is expected to slow to 1.7% in 2025 (from 1.8% in 2024). is expected to slow to 1.7% in 2025 (from 1.8% in 2024). Canada's GDP is forecast to edge up slightly to 1.6 per cent in 2025 (from 1.4%). is forecast to edge up slightly to 1.6 per cent in 2025 (from 1.4%). Inflation in both countries is projected to hover between 2–2.5%, remaining above central bank targets. 'This mix of low growth and high inflation is particularly dangerous for companies,' Ba noted, 'especially those without pricing power.' Rising Unit Labour Costs Squeeze Margins Pillow Investment's proprietary analysis on unit labour costs adds another layer of concern. Labour costs—an important component of business profitability—have risen significantly in developed markets: Canada: From 2.9 % in 2019 to nearly 4 % in 2024 From 2.9 % in 2019 to nearly 4 % in 2024 U.S.: From 2% to 3 . 1% From 2% to 3 1% Germany: From 3% to 5% 'These increases act as a headwind to margins,' says Ba. 'Unless companies can pass those costs onto customers, they'll see declining earnings and stock performance.' Alpha BA, CIO Pillow Investment Winners and Losers: Who Has Pricing Power? In this environment, pricing power becomes a key investment filter. Winners: Companies like Dollarama and Constellation Software , which can pass on rising costs to consumers without losing demand, are seen as well-positioned. Companies like and , which can pass on rising costs to consumers without losing demand, are seen as well-positioned. Losers: Commodity businesses or companies in highly competitive sectors may struggle to protect margins and could face downward pressure on earnings and stock prices. Global Valuation Outlook: Canada Lags, U.S. Overpriced Valuation disparities are also becoming more pronounced: Canada : Lowest projected EPS growth at 8.4 per cent, with stocks trading at 16x earnings : Lowest projected EPS growth at 8.4 per cent, with stocks trading at 16x earnings U.S. : Projected growth between 12–14 per cent, but at a steep 22x earnings : Projected growth between 12–14 per cent, but at a steep 22x earnings Germany and China: Similar growth rates at significantly lower multiples, offering more attractive risk/reward profiles Notably, EU and Chinese markets have outperformed year-to-date, while the U.S. has lagged after a decade of dominance. The U.S. Shift: From Global Anchor to Risk Factor Alpha pointed to a critical geopolitical shift: 'The U.S. used to be a stabilizing force in global economic policy. Now, with higher tariffs and unpredictable fiscal strategy, it's become a destabilizing one.' He highlighted how recent tariff threats by the U.S. administration rattled bond markets and forced political backtracking—an indication that capital markets still hold sway. 'As long as debt levels are high, the bond market will limit how far policy can stray,' he said. Canada's Response: Smart Policy in a Challenging Climate On Canada's side, Ba praised the federal government's three-pronged approach under Prime Minister Mark Carney: Freeing up interprovincial trade—removing internal barriers that act like a 7% tariff on Canadian goods Investing in infrastructure—improving long-term productivity Diversifying trade relationships—turning focus to growing markets in Asia and Europe 'This is a forward-thinking strategy,' Ba said. 'While Canada may face slow growth, these policies lay the groundwork for more resilience and competitiveness over time.' Energy vs. Tech: The Power Trade-Off Alpha also warned about the unintended consequences of U.S. tariffs on industrial sectors like aluminum and steel. Smelters require 300–900 megawatts of power, compared to 10–100 megawatts for data centres. Redirecting investment away from high-tech industries into energy-hungry, low-yield sectors could reduce long-term economic efficiency. Investors face a more complex and regionally fragmented world than in previous years. While the U.S. economy remains dynamic, its rising risk profile and high valuations may cause capital to flow elsewhere. Canada, while slow-growing, is pursuing strategic policies that could pay off in the long run. And across Europe and Asia, lower valuations and stronger relative performance are opening new opportunities. For more Expert Exchange interviews and insights, check out Ba's Stock Picks from Latin America to Canada. Previously, Ba also gave a global market update in the the trade war disruption, Be sure to stay up to date on all the latest stock market news at Join the discussion: Find out what everybody's saying about public companies and more by checking out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
India.com
2 days ago
- Sport
- India.com
Ben Stokes Handshake Snubbed By Ravindra Jadeja And Washington Sundar: Aakash Chopra Slams England's Drama In 4th Test Draw
The fourth Test of the India vs England 2025 series at Old Trafford, Manchester may have ended in a draw, but the final day was anything but dull. In fact, it became the most talked-about finish of the summer — not just because Ravindra Jadeja and Washington Sundar scored gritty centuries to deny England a win, but due to the controversy surrounding Ben Stokes' reaction and the now-viral handshake drama. As India played out the final session with composure, the series of events that unfolded painted a far more heated picture. Former India opener Aakash Chopra didn't hold back, lashing out at the England skipper and questioning his intent and sportsmanship in his post-match remarks. Jadeja, Sundar Slam Tons; India Deny England Series Win Under pressure and trailing in the series, India found unlikely heroes in Ravindra Jadeja (109*) and Washington Sundar (101*), who batted with resolve on Day 5 to script a memorable draw. Their unbeaten partnership not only salvaged the match but kept the five-match series alive heading into the Oval decider. However, drama peaked when England skipper Ben Stokes allegedly offered a handshake, suggesting the teams should settle for a draw — despite Jadeja being on 89 and Sundar on 80. India declined, and the pair went on to complete their centuries. The visuals of Harry Brook's extended hand being ignored became an instant social media sensation, sparking debates about 'the spirit of the game.' "What Power Were You Trying to Show?" – Chopra Slams Stokes' Intent Reacting to the controversy, Aakash Chopra minced no words in criticizing Stokes' approach. 'What power were you trying to show off? You were showing a holier-than-thou attitude for what? What spirit of the game were you talking about?' Chopra said in his YouTube video, highlighting that mandatory overs were still in play, and India had every right to continue batting. He added that Stokes' visible agitation and the England players' animated discussions with Jadeja reflected poor sportsmanship. 'Even if one team wants to play more, you have to bowl. That's the rule. Why should the handshake be done when the batters are on the brink of centuries?' 'Did I Ask You to Bowl Harry Brook?' – The Tactics in Question Stokes came under further fire for bringing on part-time bowlers Harry Brook and Joe Root in the closing overs. When Jadeja and Sundar pushed on for their hundreds, Stokes reportedly remarked sarcastically about the value of scoring centuries off part-timers. Aakash Chopra clapped back: 'Did I ask you to bowl Harry Brook? You had Jofra Archer, Brydon Carse, Chris Woakes… even yourself. If you couldn't dismiss them, that's on your team. Don't blame the batters for wanting their milestones.' He called the English side's frustration misplaced, arguing that India showed resilience and had earned the right to continue. Bazball, But Only When It Suits? Chopra also questioned the England team's Bazball philosophy, pointing out its contradictions. 'You're the Bazball team that says we don't believe in draws. But now, when India fights back, you want an early handshake? That's not how it works.' He praised Jadeja and Sundar for their temperament and accused England of losing composure when their tactics failed. Test Cricket at Its Spicy Best: All Roads Lead to The Oval While the Test technically ended in a draw, it added plenty of fire to a rivalry already brimming with intensity. With the series now at 2-1 in England's favour, the stage is set for a blockbuster finale at The Oval. The handshake snub, Stokes' 'attitude', and the centurions' resolve have reignited conversations around gamesmanship, respect, and how modern Test cricket blends drama with class.
News18
7 days ago
- Entertainment
- News18
Did Ozzy Osbourne Reincarnate As Trisha Paytas's Son? Internet Laps Up Conspiracy Theory
Last Updated: Ozzy Osbourne's death coincided with the birth of Trisha Paytas's third child and the Internet is convinced Black Sabbath frontman has returned. Ozzy Osbourne did the most metal thing a man of his calibre and charisma could do – pass away peacefully after raising over $200 million in a charity concert just a few weeks ago with Black Sabbath in Birmingham. As the fans of the 'Prince of Darkness" bid a heartfelt goodbye to the voice of metal, a section of social media users discovered an unusual connection between the music legend and Internet celebrity Trisha Paytas. But how exactly? Conspiracy Galore Trisha Paytas, an American Internet personality known for her vlogs, podcast appearances, and lifestyle content, announced the arrival of her third child. The day coincided with the death of metal star Ozzy Osbourne. That's merely a coincidence, you say. Not for the Internet. Hundreds of people genuinely believe and have embraced the conspiracy theory that the legend has been reincarnated as her child. The bizarre theory doesn't end there. The birth of YouTuber's first child coincided with the death of a key figure in history. When Queen Elizabeth II passed away in 2022 at the age of 96, Paytas's first child was born. The chronically online people, however, incorrectly believed that Pope Francis's death aligned with the birth of her second child. Paytas's second-born entered the world in 2024 while the Pope passed away in April, 2025. Trisha Paytas Goes Viral Osbourne's demise was mourned far and wide by his loyal fans and metal bands. However, Paytas also trended late on X on Tuesday. how does a celeb die genuinely everytime trisha paytas gives birth, it's literally always on the same day sometimes even same hour and same gender too what's going on . — p (@LIPAY0NCE) July 22, 2025 do you know how chronically online you have to be to understand why people are begging trisha paytas to save america— JUNE 15 (@buhreyuh) July 22, 2025 you're laughing. ozzy osbourne was just reincarnated as trisha paytas' son aquaman and you're laughing.— angie 🫧🐬 (@ih8petewentz) July 22, 2025 The massively-viral meme that got the Pope connection wrong. Trisha paytas is 3 for 3 omg… — welp. (@YSLONIKA) July 22, 2025 Ozzy Osbourne Departs The family of the legendary Black Sabbath frontman announced his passing in a statement. 'It is with more sadness than mere words can convey that we have to report that our beloved Ozzy Osbourne has passed away this morning. He was with his family and surrounded by love. We ask everyone to respect our family privacy at this time." In 2019, Osbourne was diagnosed with Parkinson's disease and had been vocal about his deteriorating health. The larger-than-life singer, however, powered through and performed till the very end. One Final Act Osbourne returned to the stage one last time to perform as a solo artist and with Black Sabbath earlier in July 2025. The event titled 'Back To The Beginning" had A-listers on the roster and the remarkable day of metal and hard rock raised over $200 million for charity, Billboard reported. It was further reported that the money raised by the 'Back To The Beginning" would go towards the following organisations. Acorn Children's Hospice, Birmingham Children's Hospital, and Cure Parkinson's. Osbourne was 76. Get Latest Updates on Movies, Breaking News On India, World, Live Cricket Scores, And Stock Market Updates. Also Download the News18 App to stay updated! tags : Ozzy Osbourne view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
12-07-2025
- Entertainment
- Time of India
Move over ghosting and breadcrumbing—‘Banksying' is the coldest breakup trend you didn't see coming
A new term is making its way into the vocabulary of modern dating—and it's not one that inspires much hope. The phenomenon, called 'Banksying,' is drawing attention for its emotionally manipulative nature, where one partner checks out of a relationship long before saying a word, leaving the other stunned and heartbroken when the breakup finally comes. Coined in reference to the enigmatic street artist Banksy—known for his unexpected, self-destructive art—the term describes a breakup that unfolds quietly, emotionally, and one-sidedly. Much like the famous Banksy painting that shredded itself moments after being auctioned for $1.4 million, Banksying is a process of slow emotional sabotage. But in this case, the canvas is a relationship. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Walgreens Hides This Cheap 87¢ Generic Viagra from Seniors – Here's Why fridayplans Learn More Undo The term was recently spotlighted in a USA Today report, which described Banksying as a uniquely unsettling way to end a relationship—one that is marked by ambiguity, avoidance, and emotional withdrawal disguised as normalcy. 'The person withdrawing gets the ability to process the breakup on their own terms, before they hand the memo to the other person who ends up being in total shock. It's selfish. It shows a lack of emotional maturity and a way of dealing with conflict that is rooted in avoidance,' said Amy Chan, dating coach and author of Breakup Bootcamp: The Science of Rewiring Your Heart, in her comments to USA Today. Live Events An emotional slow fade, not a clean break Unlike ghosting—which is abrupt and unmistakable—Banksying is more covert. It involves subtle changes: decreased affection, vague excuses, emotional distancing. The partner doing the Banksying will often continue going through the motions, assuring everything is fine, even while emotionally withdrawing behind the scenes. This silent unraveling leaves the other person in a state of confusion, often doubting their own instincts. 'Banksying is something that we have all experienced at one point or another,' Emma Hathorn, relationship expert at told USA Today. 'Previously, there hasn't been a way to express that subtle feeling of dread when a partner has begun to pull away, essentially icing us out.' The emotional toll comes not just from the breakup itself, but from the way it unfolds. The ambiguity makes it harder to process and grieve. 'They might lie and say everything is 'fine' but you also have to exert that you're not 'fine' because you can pick up the cues of emotional distance,' Chan told USA Today. 'Don't gaslight yourself into thinking it's OK to sweep the cold behavior under the rug just because they're saying everything is fine, but acting in a way that's completely the opposite.' What Banksying reveals about modern dating culture In an era where conflict avoidance is rampant and communication often filtered through screens, Banksying reflects a broader trend of emotional unavailability and discomfort with directness. 'It does highlight how conflict-avoidant people have become,' Chan told USA Today. 'It seems like there's less of an ability to tolerate uncomfortable emotions and hard conversations, so instead of dealing with the relationship challenges, or feeling the guilt of a breakup, people end up causing more harm by dragging things out.' The rise of dating apps and swipe culture may be feeding into this behavior, normalizing poor communication and low accountability in romantic relationships. Relationship experts say the answer lies in having the courage to be honest—even when it's difficult. 'Modern dating is in desperate need of blunt honesty,' Hathorn said to USA Today. 'Being upfront, firm but polite shows that you know what you want and are unwilling to waste your time and a potential partner's time.' Banksying is less about artistic flair and more about emotional cowardice—a trend that leaves behind confusion instead of closure. And for the person on the receiving end, that can feel like the worst kind of heartbreak: one they never saw coming.
Time Magazine
26-06-2025
- Business
- Time Magazine
TIME100 Most Influential Companies 2025: Janngo Capital
Sub-Saharan Africa has the world's highest rate of female entrepreneurship—from venture capitalists to the roadside tomato seller. Yet African women entrepreneurs face a $42 billion funding gap. In a market where, according to the World Bank, $25 is invested in startups led by men for every $1 invested in those led by women, Janngo Capital has consistently defied the odds. Founded by Senegalese-born Fatoumata Ba, Janngo is an African venture capital firm that commits to putting 50% of its investments in companies founded, co-founded, or significantly benefiting women. Ba, who founded Janngo in 2018 after more than four years in leadership roles at the e-commerce company Jumia, began raising its second investment fund in 2020 after securing $10 million for its first fund. Last year, Ba and her team secured another $78 million for Janngo's second investment fund—one of the largest ever raised by an investment firm led by an Africa-born woman—despite a broader funding crunch in African venture capital. (In 2024, African venture capital firms raised $3.2 billion—a 7% decline from the previous year—according to Partech Partners.) Fundraising for an African tech VC as a thirty-something francophone African female 'is not for the faint of heart' Ba says. Last year also saw a continued decline in deal activity, but Janngo completed its second successful 'exit,' as purchases and IPOs are known, following the cash sale of Tunisian startup Expensya in 2023. 'We have actually executed three exits and are closing our fourth one,' Ba says. With its second fund, the company plans to invest up to $5 million per startup in multiple installments, focusing on West Africa and key sectors such as healthcare, logistics, and financial services. Janngo's current 21 portfolio companies are 56% female-founded and led. With the new fund, Janngo's goal is to back 25 to 30 companies, primarily at the seed and Series A stages.
