Daily Management Review
Economics

Water To Become Wall Street’s New Trading Commodity

More and more investors could start taking interest in water “preservation and distribution”. CME reports that by 2025, nearly two-thirds of global population could be facing water shortage. We are all witness to the ravaging wildfires of California as a “clear enough sign” of the changing climate...

IMF changes estimates of consequences of the pandemic

Consequences of the coronavirus pandemic may be less severe than was estimated in June, the fund’s spokesman Gerry Rice said on Thursday. "The latest data coming in suggests that the consequences (of the coronavirus pandemic) will be somewhat less severe than what was stated in the June 24 update,...

UN: Labor incomes fall by 10.7% in the world due to pandemic

In the first three quarters, income from employment worldwide decreased by 10.7% compared to 2019, which corresponds to $ 3.5 trillion, or 5.5% of global GDP. Such data were published on Wednesday by the UN International Labor Organization (ILO). In the case of low- and middle-income countries, the...

Wealth of US citizens peaks in Q2

In the second quarter of 2020, the net worth of US households and nonprofit groups reached a record high on the back of renewed stock market growth and measures to support the economy. According to the results of this quarter, the welfare indicator jumped 6.8% to $ 118.96 trillion, data from the...

Covid-19 Vaccine Results Are The Latest Risk For Stock Markets

The resurgence in stocks in the United States this year has been driven by the optimism that vaccines against Covid-19 are on the way which will bring an end to the novel coronavirus pandemic.     And in the coming weeks, with investors waiting to see the results of clinical data on...

The U.S. Ramps Up Weapon Sales To Taiwan

The congress could soon expect notification for multiple weapon system sale to Taiwan, revealed sources to Reuters. The United States aims to trade “seven weapon systems” with Taiwan, while the systems contain “mines, cruise missiles and drones”. This information was provided by “four people...

The Business Roundtable of U.S. Supports Carbon Pricing

The group has shown its support towards reducing “U.S. greenhouse gas emissions” by eighty percent in comparison to 2005 figures by 2050. The consortium of CEO in the U.S., the Business Roundtable, made up of the biggest companies in the country, revealed that it is in favour of “market-based...

Uber to sell part of its stake in China's Didi for $ 6.3B

Taxi service Uber Technologies Inc. wants to sell part of its stake in Chinese taxi service Didi Chuxing worth $ 6.3 billion, Bloomberg reported, citing sources familiar with the situation. Uber is in talks to sell a stake in Didi with Japanese SoftBank Group, which is a major shareholder in both...

US Fed updates inflation target, improves macro outlook

The US Federal Reserve System (Fed), following the September meeting, left its key rate at 0–0.25% per annum. Judging by the dotted graph, the open market committee members are not expecting a rate hike until 2023. The authority has updated the wording on inflation target - now the Fed will strive...

OECD Says Pandemic Induced Global Recession Not To Be As Severe As Expected

The efforts of various countries to counter the economic impact of the novel coronavirus pandemic will potentially result in the global recession that the global economy is currently undergoing will not be as deep as expected, said the Paris based think tank  - the Organisation for Economic...
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