Daily Management Review
Economics

EU Hopes Biden Administration Of US Will Clarify Digital Tax Position In 2 Months

The official position of the United States on the question of digital taxation will be made clear by the incoming administration of Joe Biden within a period two months of taking over the White House, hopes the European Union, said reports quoting a source in the French Finance Ministry on Monday....

Japanese companies demand more renewable energy

Japanese companies are threatening the country's government to export their production because the renewable energy industry is too underdeveloped. The move will be a forced measure: foreign partners are putting pressure on business. Representatives of several Japanese companies have complained to...

China Imposed Tariffs On Australian Wine Import Over Diplomatic Grievances?

Canberra viewed the tariffs imposition as “part of a pattern of punitive trade measures” for Australia had called for “an independent inquiry into the origins of the coronavirus”. China imposed “anti-dumping tariffs on Australian wine” while Australia had a defiant reply saying diplomatic...

Bitcoin Leaves Other Cryptocurrencies Behind In Selloff

The drop came followed by the highest level ever touched in two years. On Thursday, November 26, 2020, bitcoin was at the lead for a “broad cryptocurrency” which dropped by “9.7% to $16,933”. The fall was preceded by the highest peak ever touched in two years earlier last week.  ...

Doubt Over COVID-19 Vaccine Efficacy Weighing On Stocks Indicate ‘Economic Scarring?

Concerns related to vaccine distribution have brought back the pandemic situation under focus whereby highlighting some of the grim realities of the world. At the closing of the last week, Asian shares “stalled” close to “record highs” whereby reflecting the “renewed doubts” of the investors on the...

European ski resorts protest against closing of "Mountains economy"

The closure of ski resorts in Italy due to the coronavirus pandemic threatens to cause losses of €20 billion, which will account for almost 1% of national GDP, the authorities of several northern regions of the country said in a joint note. Earlier, Prime Minister Giuseppe Conte stated the need for...

Oil giant forecasts oil prices to fall sharply for years to come

Oil giant Exxon Mobil has sharply worsened its commodity price forecast. As The Wall Street Journal writes, the American oil concern has made a forecast for the next seven years. According to the company, the impact of the coronavirus pandemic on commodity markets will continue for many years: we...

Dow Jones hits 30,000 points for the first time in its history

According to analysts, November could be the best month for the Dow Jones Industrial Average stock index since 1987. The index is rising on investor optimism about vaccines, economic growth and the change of presidential power in the USA. The Dow Jones Industrial Average Index has exceeded 30,000...

IATA updates industry loss and recovery forecasts

The International Air Transport Association (IATA) has worsened its forecast for 2020 to $118.5 billion, which is the worst result in the industry's history. At the same time, the IATA is more optimistic than before about the rate of recovery of the industry: according to new calculations, global...

Bitcoin Value Reached Close To Its All-Time High After Surpassing $19,000

The value of the crypto currency bitcoin reached near its all time high on Tuesday after it hit a high of $19,000 whch was laos a first for the virtual currency in three years.   Closing at $18,918, near its all-time record of $19,666, there was a 3 per cent rise in the value of the world’s...
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