Daily Management Review
Economics

Rising Prices Pose Threat To The British Tradition Of Fish And Chips

The economy of the United Kingdom is straying farther off course as prices rise. According to insolvency firm Company Debt, a third of fish and chip businesses are at risk of going out of business this year due to a "perfect storm" of price pressures.   In just a year, prices for Britain's...

US Federal Reserve is leaning towards new interest rate hikes

According to the minutes of the May meeting of the US Federal Reserve (Fed), a majority of participants believe that a new 50 basis point interest rate hike at the regulator's next meetings is acceptable. According to the document, "a majority of participants considered that a 50 basis point...

Food Protection Being Fuelled By Food Supply Deficit, Adding On To Shortages

According to business leaders and policymakers at the World Economic Forum, a rising global food crisis is prompting countries to take protectionist measures, which are likely to exacerbate the problem and could lead to a wider trade war.   A government source told Reuters that India may...

Glencore to pay $1.2B to settle claims by U.S. authorities

According to the country's Attorney General Merrick Garland, Swiss commodity trader Glencore would have to pay about $1.2 billion to settle legal allegations from US authorities. The business is accused of bribing officials in multiple nations and manipulating oil prices in two US ports, according...

Despite Price Crash, Crypto Swarm Dominates Davos' Main Boulevard

Despite the recent drop in digital coin values, participants were treated to a free bitcoin pizza booth and a "Liquidity Lounge" at this year's summit in Davos, where blockchain and cryptocurrency enterprises have taken over the city's main thoroughfare.   Crypto industry executives have...

Resumption Of Palm Oil Exports In Indonesia Hampered By Policy Uncertainty

After a three-week suspension, Indonesia permitted palm oil exports to resume on Monday, but shipments were not anticipated to begin until new guidelines aimed at assuring domestic supply of the edible oil were finalised.   The world's largest palm oil producer banned shipments of palm oil...

U.S. ponders relaxing environmental rules for gasoline to cut prices

In order to lower gasoline prices on the domestic market, the US government is considering eliminating a number of environmental laws. Reuters reported this, citing sources. According to the newspaper’s information, no final decision has been made on this topic. Environmental regulations in the...

Financial Threats Due To Climate Change Is Exaggerated, Claims Senior HSBC Banker

A senior HSBC banker in charge of sustainable investments claimed in statements that prompted fire from climate campaigners that central bank policymakers and other world authorities are misrepresenting the financial consequences of climate change.   His opinions did not represent those of...

Indonesia Ends Export Ban But Will Reimpose Rule On Local Sale Of Palm Oil

The government of Indonesia announced earlier this week that it will reimpose a domestic sales restriction for palm oil, a day after the world's largest producer of the key edible oil reversed an export ban.   Since November, President Joko Widodo's government has reversed key palm oil...

G7 Agrees To Spend $18.4 Billion To Keep Ukraine Functioning, With More Money On The Way

A draft declaration showed that the Group of Seven finance leaders agreed on Thursday to provide $18.4 billion to help Ukraine pay its debts in the coming months, and that they were willing to stay with Kyiv throughout the war with Russia and provide more if necessary.   Finance...
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