Daily Management Review
Economics

North Korea's Special Economic Zone Is About To Rebound In New Commerce With Russia

The Rason Special Economic Zone, which was once a test of limited capitalism in North Korea, seems to be the hub of the isolated nation's expanding cooperation with Russia, experts believe, possibly involving the transfer of weapons for the conflict in Ukraine.   Before tighter sanctions...

'Layer Two' Tokens In The Cryptoverse Savour A Fresh Start As Bitcoin Climbs

It's really advanced stuff.   Buoyed by a rising crypto tide, "layer 2" cryptocurrencies, which are local to projects built on top of "layer 1" blockchains like Bitcoin and Ethereum, have found fresh life after a year in the doldrums.   From the summer, cryptocurrency prices have...

Israel's Central Bank names financial costs of the conflict with Hamas

In its macroeconomic forecast, the Central Bank of Israel calculated that the conflict with the Palestinian Hamas, had cost the nation 198 billion shekels, or 53 billion dollars. In a report on the "expected consequences" of Israel's operation in the Gaza Strip, the regulator stated that the total...

Growth In China's Industrial Earnings Slows, But Requests For Stimulus Remain

October saw profits at China's industrial companies continue to rise for a third month, albeit more slowly. This indicates Beijing may need to provide additional policy support to maintain growth in the second-largest economy in the world.   After an 11.9% gain in September and a 17.2% gain...

Big Pharma's Interests Outside Of China Boost Indian Pharmaceutical Manufacturers

Drugmakers are attempting to reduce their reliance on Chinese contractors that manufacture pharmaceuticals used in clinical trials and early-stage manufacturing, according to reports based on interviews with ten industry executives and analysts. This trend is advantageous to competitors in India....

ECB to take pause to assess impact of rate hike

According to ECB head Christine Lagarde, the bank has now reached a position where it can pause and evaluate the results of the monetary policy tightening it has already implemented. She stated, "We have already done a lot," while speaking in Frankfurt at a Bundesbank event. "With all the tools at...

Black Friday Internet Sales In The US Reached A Record $9.8 Billion, Up 7.5% From The Previous Year

According to an Adobe Analytics research, Black Friday e-commerce spending in the United States reached a record $9.8 billion, up 7.5% from the previous year. This suggests that consumers who are price sensitive want to spend their money on the best offers and are searching for those deals online....

Fragile Local Recovery Of Russia Slows Down Burgeoning Chinese Car Sales In Russia

Data supplied with Reuters indicated that Chinese car sales in Russia appear to have peaked as domestic production recovers following the departure of Western manufacturers. However, recent market expansion may slow as high import costs and borrowing rates start to pinch.   These numbers are...

Interest Rates Raised To 40% By The Central Bank Of Turkey

To combat the nation's skyrocketing inflation, Turkey's central bank increased its benchmark interest rate to 40%.   The increase from the prior rate of 35% was significantly more than anticipated.   However, Turkey's central bank indicated that interest rates were getting close to...

In The Third Quarter, Germany's Economy Slightly Shrinks

Germany's statistics office released figures on Friday that indicated the country's GDP dropped little in the third quarter as compared to the preceding three months.   The data supported a preliminary projection that the largest economy in Europe shrank by 0.1% and was released in late...
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