Daily Management Review
Economics

EU Plans To Secure Access To Promising Covid-19 Vaccines With A $2.7 Billion Fund

The European Union is set to make advance purchases of promising vaccines against the novel coronavirus cased disease Covid-19 from an emergency 2.4-billion- euro ($2.7 billion) fund, according to reports quoting EU officials.   According to the reports, this measure came up for discussions...

Kyodo: Consumption in Japan nosedives during lockdown

In April, consumption in Japan fell by a record 11.1% compared with the corresponding period last year, the Kyodo agency reported, citing the Ministry of National Affairs. The level of consumption in April, when a state of emergency was declared in the country, was 268 thousand yen (about $ 2,450)...

Investors pour over $150B into "coronabonds"

Governments, banks and companies around the world, as well as international organizations, raised a total of $ 151.1 billion from the sale of bonds issued to combat the effects of the novel coronavirus pandemic as of May 31, according to a study by BNP Paribas. Among the companies that issued such...

S&P500 hits 3 months maximum

US stock indexes rose during trading on Tuesday, while the S&P 500 reached its highest level in the last 12 weeks, Trading Economics notes. Investors focused on the prospects of increasing business activity in connection with the weakening of quarantine measures, while concern about protests in the...

Japanese companies show strongest profit decline since 2009

Japanese corporations and companies showed the most powerful decline in revenue since 2009 in the first quarter of this year due to the situation with the novel coronavirus, when the country's economy suffered serious losses due to the global financial crisis. This is evidenced by data published on...

The U.S. Treasury Revamps Rules For Carbon 'Tax Credit'

Providing “developers and investors” with “the remaining critical information” on “carbon capture projects”. The Treasury of the U.S. has come out with guidelines for companies using “a federal tax credit” which has been created for spurring investment in “carbon capture and sequestration...

IMF Warns Stock Markets Paying Least Attention To Climate Crisis

The International Monetary Fund has warned that the increasing number of natural disasters that have taken place in the last 50 years have been generally ignored by equity markets and there is immediate need of formulating tougher rules to make investors aware about the threat of climate change and...

EU Trade Commissioner Hogan Could Put Himself Up As Candidate Of WTO Chief

The spokesperson of Phil Hogan, trade commissioner of the European Union, has said that Hogan wants to put himself up as a candidate for the post of director-general of the World Trade Organization.   The incumbent director-general of the WTO Roberto Azevedo has said he would step down a...

Saudi Arabia Transfers ‘$40 Billion’ To PIF

Saudi Arabia’s sovereign wealth fund tapped $40 billion from foreign reserves to fund overseas investments. In a statement Saudi Arabia’s finance minister stated, during the March to April period the Kingdom   transferred a total of $40 billion (150 billion riyals) from central bank...

Latest Data Indicates Further Deepening Of Japan's Recession

There was a deeper than expected fall in the factory output in Japan in the month of April which was coupled with a plunge in retail sales which was deepest in more than 20 years. This was because of the impact of the novel coronavirus pandemic on the country’s economy as both foreign and domestic...
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