Daily Management Review
Economics

Trump To Respond Fast To License Requests By US Firms To Sell To Huawei

United States president Donald Trump agreed to make “timely” decisions with respect to allowing American companies to sell to the Chinese tech giant Huawei Technologies Co Ltd – currently blacklisted by the US Commerce Department, following a series of requests by US companies at a meeting held on...

Chinese economy is growing at the slowest rate since 1992

The Chinese GDP has grown by 6.2% in the second quarter; this is the lowest figure since 1992, when the National Bureau of Statistics of China began to publish quarterly data. A quarter earlier, the growth rate was 6.4%, last year - 6.6%. The weakest point in the economy was exports, which fell in...

High Recession Risk For Stalling British Economy, Says NIESR

The National Institute of Economic and Social Research (NIESR) of the United Kingdom has warned that there is a one-in-four chance that the crisis surrounding uncertainty over Brexit has already moved the country into a recession as can be seen with stalling economic growth of the country.  ...

Trade Discussed Over Phone Between US-China Officials, Could Lead To In-Person Talks

After a telephonic conversation between United States and Chinese trade officials over the issue of coming to a possible trade agreement, US Treasury Secretary Steven Mnuchin suggesting in-person talks could be the next step for the representatives of the two largest economies of the world.  ...

More than 50 companies are leaving China due to trade war

More than 50 companies, including Apple and Nintendo, have announced or are considering plans to move production from China to avoid US duties, according to Nikkei Asian Review. American manufacturers of personal computers HP and Dell can transfer up to 30% of their production of laptops from China...

Chile Falters In Lithium Production , Misses Chance To Jumpstart EV Battery Industry

The chance of the South American national Chile being able to not only woo South Korean electronics giant Samsung and other corporate investors into the country to produce battery parts for electric vehicles in three factories there, it has also lost the opportunity to itself jumpstart its own EV...

OPEC expects overproduction on global oil market

The International Energy Agency (IEA) forecasts overproduction of oil in the world. “Our balance sheet shows potential overproduction next year from non-OPEC states, especially from the United States. In the first half of 2019, the supply of oil exceeded the demand by 900,000 barrels per day,”...

China’s Q2, 2019 Growth Slowest In 27 Years

The second quarter 2019 economic growth of China touched a 27 year old low at 6.2 per cent reflecting the pressure on its economy because of lowering of demand both domestically and abroad amidst the ongoing trade war with the United States.   While there were some indications of...

‘Crypto-Assets Do Not Pose A Threat To Global Financial Stability’: G20 Leaders’ Joint Declaration

The Leaders of G20 is committed towards fostering global economic growth through “technological innovation” while maintain close watch on crypto assets’ development and “emerging risks”. The G20 Japan’s summit held in Osaka ended with a joint declaration on “crypto assets”, wherein they defined...

Global PC shipments grow by 5% due to fear of trade wars

Worldwide shipments of traditional personal computers (PCs) in Q2 2019 increased 4.7% to 64.9 million units. One of the reasons for the increase in demand is the expected rise in prices due to trade wars, according to a study by International Data Corporation (IDC). "This growth is noticeably...
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