Snapshots That Wow!

Nuff ruff?

“India has the most deaths from rabies in the world followed by Nigeria and Pakistan

EU has been declared rabies-free”

Source: WHO

No such thing as too big to fail!

71 large US companies went bankrupt in July, the highest monthly total since the 2020 pandemic.

This follows 66 and 64 fillings in June and May, respectively. Year-to-date, there have been 446 large bankruptcies, the most in 15 years. This is already higher than the full-year totals for 2021 and 2022, when 405 and 373 firms went bankrupt. Industrial and consumer discretionary companies have led the surge, with 70 and 61 filings, respectively.

Source: Kobeissi Letter

Data isn’t the new oil, it is sucking the old oil!

Data center energy consumption has reached a record 5% of total US power demand.

This percentage is now estimated to more than DOUBLE over the next 5 years, according to McKinsey.

Overall, electricity demand for data centers is expected to grow at a compounded annual growth rate of +23% through 2030.

Source: Apollo Global Asset Management

Shine that light on me!

China’s solar-module industry faces a supply glut, with domestic production capacity more than twice the country’s combined domestic installations and exports in 2024. The industry has attracted plenty of foreign criticism, and China’s policymakers are now aiming to consolidate it in part by targeting upstream polysilicon producers. That will provide an early and high-profile test of the new policy campaign against “disorderly” and “involutionary” competition.

Source: Gavekal

May the aberration of peace, RIP!

“Areas marked by changes jumped from 790,000 sq metres in 2020-21 to 2.8mn sq metres in 2024-25, the analysis showed. Photography of these sites confirmed the changes were driven by excavations ahead of works, new buildings, fresh roads being paved and construction.

Among the sites with the biggest expansion was a joint project between German defence giant Rheinmetall and Hungarian state defence company N7 Holding, which has built a vast production site for ammunition and explosives in Várpalota in southern Hungary.”

Source: Financial Times

(U)sage (P)atterns of (I)ndia

UPI spends across merchants- data for the month of July shows some very interesting trends:

1. debt collection agency is the largest use case by value!

2. bars with average ticket size of 383/- makes me wonder if people have such restraint to stop at one drink?

3. 1000cr worth of digital gold was purchased with average transaction value of 107/- how?!