Daily Management Review
Economics

Number of dollar millionaires worldwide grows by 7.9% in 2025 to 25.3 million

According to Capgemini's annual World Wealth Report, the number of high-net-worth individuals worldwide rose by 7.9% last year, reaching a total of 25.3 million. High-net-worth individuals are considered those who have assets worth more than $1 million, but this amount does not include the value of...

China’s Growing Companionship Economy Reflects Changing Social Habits, Work Patterns, and Emotional Needs

A rapidly expanding market for paid companionship services is emerging as one of the more unusual developments within China’s consumer economy, reflecting deeper shifts in social behavior, urban lifestyles, and employment patterns. According to reported developments and industry estimates, the...

AI Infrastructure Demand Keeps Nvidia on Growth Path as Supply Challenges Persist

Nvidia’s confidence in its ability to support the next wave of artificial intelligence expansion reflects a broader transformation taking place across the global technology industry. As businesses, governments, cloud providers, and software developers accelerate investments in AI systems, demand...

Bloomberg: The EU may freeze the price cap for Russian oil

The EU is contemplating a temporary suspension of the price cap on Russian oil because of the conflict in the Middle East, Bloomberg reported. The agency reported, referencing sources close to the matter, that the European Union is contemplating a temporary halt on the price cap for Russian oil as...

Amazon Gold Laundering Undermines Brazil Crackdown: Greenpeace

Brazil's campaign against illegal gold mining has delivered some of its strongest enforcement results in recent years, yet new findings suggest that billions of dollars worth of gold continue to move through supply chains linked to the Amazon rainforest. A study released by environmental watchdog...

Middle East Conflict Exposes Energy Supply Fragilities, Warns IMF, World Bank, WTO and IEA

The economic consequences of conflict in the Middle East are increasingly extending beyond the region, prompting leading international institutions to warn that disruptions to energy flows are creating new pressures for the global economy. Concerns have intensified as the conflict involving the...

Beijing’s Digital Currency Expansion Signals a Broader Push to Reshape Trade, Banking and Global Payments

China is accelerating the transformation of its digital yuan from a limited payment experiment into a wider financial infrastructure project that could influence domestic banking, government spending, cross-border trade and international currency flows. The latest measures by the People’s Bank of...

Dollar Strength Returns to Focus as Inflation Risks Reshape Global Currency Markets

The United States dollar is regaining momentum in global financial markets as investors increasingly position for a prolonged period of elevated interest rates and tighter monetary policy amid persistent inflation risks. After spending months trapped within a relatively narrow trading range, the...

Global Markets Push Higher as Investors Balance AI Optimism Against Fragile U.S.-Iran Diplomacy

Global equity markets climbed to fresh highs as investors cautiously increased exposure to technology and growth-linked assets, even while geopolitical tensions surrounding the United States and Iran continued threatening energy markets and inflation expectations. The rally across Asian equities...

Samsung-Union Profit-Sharing Deal Reshapes South Korea’s Labour Landscape

Samsung Electronics’ breakthrough agreement with its semiconductor workers is rapidly becoming one of the most consequential labour developments in South Korea in recent years, signalling a structural shift in the balance of power between major conglomerates and organised unions. What initially...
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