Daily Management Review
Economics

European Luxury Stocks' Post Covid-19 Boom Threatened By China Wealth Plans

Many investors are still hesitant about purchasing stocks after the sharp August sell-off, as China's slowing economic recovery and plans for redistribution of wealth threaten to disrupt Europe's luxury sector.   According to UBS analysts, the main driver of the sector is demand for high-end...

IMF Board Meets To Discuss Role Of Georgieva In China Data Rigging Scandal

According to the International Monetary Fund, its executive board got together on Tuesday to discuss and review a report that was prepared for the World Bank and one that has created a flutter within this global agency.   Made public last week, the report alleges that Kristalina Georgieva,...

China Wants To Re-Impose Its Global Factory Dominance Using High-Tech

China hopes to bring in a set of new robots – such as an automated vehicle that can move heavy items around industrial spaces, within their manufacturing system to enhance the value chain.   There is government support for the sector as well. A Tianjin-based robot maker for example, has...

World Bank’s 'Doing Business' Rankings Has Deeper Rot, Finds External Review

A group of external advisers to the World Bank has suggested a complete reshaping of the flagship Doing Business rankings in order to curb the efforts of countries to "manipulate their scores", and this report was passed on the Bank weeks prior to the scrapping of the rankings following a damning...

OECD Warns Of Persistent High Inflation For G20 Countries For Two Years

According to the predictions of the Organisation for Economic Co-operation and Development (OECD), prices in most countries of the G20 group of major economies will continue to rise faster than the rates seen prior to the pandemic for a period of two more years.   The Paris-based policy...

US markets fall amid news of bankruptcy risk for China's biggest real estate developer

Monday was the worst day for the US market in almost a year. The sell-off was triggered by investor fears over the possible bankruptcy of Evergrande, China's biggest real estate developer, and expectations of a reduction in the Fed's stimulus programmes. The US market on Monday posted its biggest...

China Formally Applied To Join Pacific Trade Pact CPTPP

Following a formal application by China, the second largest economy of the world, to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), its leading member Japan said that it would have to be determined if China met the "extremely high standards" of the CPTPP....

Investors Rattled By World Bank China Rigging Scandal

Following revelations about World Bank leaders putting pressure on staff to enhance China's score in one of its influential reports of the global body that ranks countries on the ease of doing business in a country, dismay at the incident was expressed by a number of investors and campaigners....

Pressure On Staff To Boost China’s Ranking Was Exerted By Former World Bank Boss Georgieva

An investigation at the World Bank has revealed that "undue pressure" on the organization’s staff was imposed by leaders at the bank, including the then-Chief Executive Kristalina Georgieva, to enhance ranking of China in its "Doing Business 2018" report.   Concerns about China's influence...

ECB sets to bring eurozone inflation down to 2%

The European Central Bank (ECB) plans to reach its 2% inflation target by 2025, the Financial Times reported, citing internal documents from the regulator. "The European Central Bank expects to reach its elusive 2% inflation target by 2025, according to unpublished internal scenarios," the...
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