Daily Management Review
Economics

U.S. boosts oil production and exports to record highs in 2023

According to calculations by the US Department of Energy's Energy Information Administration (EIA), US oil exports rose by 13% from 2022 to a record 4.1 million barrels per day (bpd) in 2023. Oil exports from the nation were prohibited until 2015, at which point they were permitted, with the...

IMF Says Many Developing European Economies Require A Strict Monetary Policy

According to a top IMF official, underlying inflation in central, eastern, and southeast Europe is stronger than in advanced economies, necessitating a longer period of strict monetary policy for several central banks in the region than for the European Central Bank.   Some central banks in...

Japan Is About To Eliminate Negative Interest Rates, And The Likelihood Of A BOJ Withdrawal In March Is Growing

Larger-than-expected wage increases by well-known Japanese companies have greatly increased the likelihood that the central bank will abandon its massive stimulus programme and end its eight years of negative interest rate policy next week.   According to those acquainted with the bank's...

Steven Mnuchin assembles group of investors to buy TikTok

Steven Mnuchin, the former Treasury Secretary of the United States, is assembling a group of investors to purchase the TikTok service for making and watching short videos, reports CNBC. A bill that might result in the ban of TikTok on US soil was approved by the House of Representatives of Congress...

When Will Bitcoin Halving Happen And How Will It Impact Its Price?

With the price of bitcoin hitting all-time highs, people are focusing on its impending "halving" and if that is contributing to its rise.   Depending on your point of view, the halving is either an important development that will enhance bitcoin's worth as a scarcer good or it's just a...

G20 GDP growth slows to 0.7% in Q4

According to the Organization for Economic Cooperation and Development's (OECD) preliminary assessment, the G20 countries' economy grew by 0.7% in the fourth quarter of 2023 compared to the preceding three months. As a result, GDP growth decreased from the third quarter's revised 0.8% growth rate....

The European AI Talent Rivalry Heats Up

The competition for technical talent in Europe is intensifying due to the rise of artificial intelligence (AI) startups, forcing corporations such as Google DeepMind to make a costly decision between losing out on top personnel in the region or paying a premium.   Investors have been...

Division Between OPEC, And IEA About Oil Demand The Highest Since At Least 2008

According to reports, the International Energy Agency and producer group OPEC, which are the world's most carefully monitored forecasts of oil demand growth, have different views on fuel usage than they have for at least 16 years.   The Organisation of Petroleum Exporting Countries and the...

Bitcoin Reaches A Record High Of $72,000 Amid Escalating Demand

Bitcoin reached a record high of more than $72,000, demonstrating that the biggest cryptocurrency's rise was unstoppable. Bitcoin reached a high of $72,739 and was last up 4.4% at $72,649.   The world's most valuable cryptocurrency has experienced a surge in value due to expectations that...

Eurozone GDP unchanged in Q4, up 0.4% in 2023

Official figures from the European Union's statistics agency (Eurostat) show that the GDP of the Eurozone remained constant in the fourth quarter of 2023 compared to the preceding three months. The economy expanded by 0.1% annually. Both indicators matched the previously released data and a poll...
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