Daily Management Review
Economics

UN warns of dangerous maritime trade situation

According to the UN Conference on Trade and Development (UNCTAD) 2022 study on maritime transport, the 20 largest carriers now account for 91% of all maritime trade worldwide, up from 48% twenty years ago. This could result in abusive activities in the markets. The statement, which was posted on...

Study Shows A 44% Fall In UK Property Demand Following Market Rattling Mini Budget

According to new research, demand for residential properties in the United Kingdom has nearly halved since September's government budget, which spooked financial markets and toppled the prime minister.   The fiscal package, announced on September 23, triggered a bond sell-off and raised...

Beijing Comes To A Standstill As The Chinese Capital Combats Covid With Additional Lockdowns

As Covid controls spread, China's capital city has come to a halt.   On Friday, more and more apartment complexes in Beijing prohibited residents from leaving for at least a few days. This comes on top of an increasing number of business activity bans, which have forced gyms to close and...

Putin's Ukraine War Drives Migrants And Money Out Of Russia, Helping These Economies

While many economies are reeling from the consequences of Russia's invasion of Ukraine, a few countries are benefiting from an influx of Russian migrants and their associated wealth.   Georgia, a small former Soviet republic on Russia's southern border, is one of several Caucasus and...

Reasons For Solar Electric Vehicles Potentially Becoming Next Generation Of EVs

The first commercial solar electric vehicles will be available in the United States and Europe in the coming years. Sono Motors in Germany, Aptera Motors in Southern California, and Lightyear in the Netherlands are all producing electric vehicles with integrated solar panels that can harness the...

Minutes Show That US Fed Officials Expect Smaller Rate Hikes 'Soon'

According to meeting minutes released recently, Federal Reserve officials agreed earlier this month that smaller interest rate increases should occur soon as they assess the impact of policy on the economy.   The meeting summary indicated that smaller rate hikes were on the way, echoing...

German Finance Ministry proposes to introduce a tax on excess profits of energy companies

Christian Lindner, Germany's finance minister, has suggested taxing oil and gas corporations' surplus earnings. The tax is anticipated to be 33%, reports Die Welt, citing a document. Companies involved in the oil and gas, coal, and oil refining industries will be impacted by the planned effort. At...

31% Drop In Argentina’s Fan NFT Following Messi’s Team’s Shocking Defeat Against Saudi Arabia In Qatar

The shocking defeat of the Argentine national football team against Saudi Arabia at eth football world cup in Qatar in its opening match has lowered the value of the Argentine Football Association Fan Token (ARG), in line with the nation's die-hard soccer fans' expectations.   According to...

EU proposes to introduce transitional period to oil prices cap

According to a memo seen by Bloomberg, the EU has suggested extending the date of the oil price ceiling by 45 days. The agency quoted the paper in a statement and stated that "the bloc advocated adding a 45-day transition time to the introduction of the cap." The time will be in effect for oil...

Bloomberg forecasts bankruptcy for Genesis crypto broker

According to Bloomberg, cryptocurrency broker Genesis has informed investors that if it can't find additional capital, it may have to declare bankruptcy. According to persons familiar with the situation, cryptocurrency broker Genesis is having trouble securing funds for its loan division, as...
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