Daily Management Review
Economics

Fire At Chip Plant Worsens Global Chip Shortfall Woes

IHS predicts that as much as “1.3 million global light vehicles” production could suffer. HIS Markit, a data firm, reported that the global auto industry is a victim of “ongoing chip shortage” worsened by a recent fire incident “at a Japanese semiconductor factory” besides the “severe weather” seen...

Stranded Ship Could Lock Block Suez Canal For Weeks Affecting Global Trade

There was a new set back to global trade as authorities of the Suez Canal stopped all ships entering the channel on Thursday as the huge container ship continued to block the busiest channel of the world trade as the salvage company said that it will take weeks to free the channel of the blockade....

Bloomberg warns of toilet paper shortages in the world

A shortage of ships carrying raw materials from South America could cause a global shortage of toilet paper, Bloomberg reports. According to the agency, Brazil is the world's largest supplier of raw wood, and Brazilian company Suzano Papel e Celulose accounts for a third of the global supply of raw...

World’s Billionaires Got Richer In 2020 As World Grappled With Pandemic

The wealth of billionaires reached new heights in 2020 when the rest of the world was grappling with unemployment and lost jobs and businesses because of the Covid-19 pandemic.   And currently many of those billionaires are trying to hold onto and consolidate their fortunes even as the world...

9% Drop In Lending To Fossil Fuel Industry By Major Banks In 2020

The covid-19 pandemic last year resulted in the biggest banks of the world cutting down by 9 per cent for projects involving fossil fuels even though that spending last year was still higher over the last a five year period according to a report published on Wednesday.   According to a...

U.S. new home sales fall lower than forecast in February

Sales of new homes in the U.S. in February fell 18.2% from the revised January figure to 775,000, according to the U.S. Commerce Department's Census Bureau. Analysts polled by DailyFx had expected the figure to drop only 6.5% from the previous month's initial figure to 875,000. The January figure...

Signals Of Stronger Global Recovery Along With Significant Threats Seen By IMF

While pointing out to a number of emerging signs of a stronger global economic recovery, the second most important official of the International Monetary Fund on Saturday also warned of risks that still pose a threat to global recovery which includes the emergence of multiple variations of the...

IMF: Global economy is growing faster

The International Monetary Fund (IMF) said that the global economy is recovering faster than previously forecast. This was stated by First Deputy Head of the IMF Geoffrey Okamoto. He stressed that this recovery is uneven. There are alarming signs that the gap between developed and developing...

2021 Global Economic Growth Forecast Raised By UN Body To 4.7%

The United Nations Conference on Trade and Development (UNCTAD) now expects the global economy to grow faster in the current year of 2021 at 4.7 per cent compared to its previous forecast of a 4.3 per cent annual growth. Announcing this upgrade, the UN body has said that its upgrade was prompted by...

SPAC IPOs volume in the US surpasses all 2020 results in two and a half months

Since the start of this year, SPAC IPOs in the US have totalled $85.9bn - more than the full year 2020 in less than three months. This is data from SPAC Research, a resource that tracks such deals. Such results are all the more telling because last year was also a record year in terms of the amount...
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