Daily Management Review
Economics

China increases coal imports by 76% yoy in September

China, amid an energy crisis in some parts of the country, increased coal imports in September by 76% year-on-year, while coal production fell by 0.9%, data from China's State Bureau of Statistics showed on Monday. Authorities in several provinces in China, mostly in the northeast, have been...

Fed to begin tapering monetary stimulus from mid-November

The minutes of the September meeting of the US Federal Open Market Committee were published at the end of last week. As expected, committee members agreed on the parameters for a gradual winding down of the monetary stimulus programme. It is a question of reducing the volume of the Fed's purchases...

Bitcoin Surges Past $60,000 To Reach A Six-Month High Due To US ETF Expectations

With growing speculation among bitcoin investors that the United States regulators would approve a futures-based exchange-traded fund (ETF) which would, in turn, clear the path for more widespread investment in digital assets, the value of bitcoin surpassed $60,000 for the first time in six months...

Central Banks Need To Monitor Inflation And 'Act Appropriately', Urges The IMF

Global policymakers were urged by the steering committee of the International Monetary Fund to keep a close eye on pricing dynamics, but also to "look through" inflationary pressures that the organization still believes are only temporary in nature and will ebb away with the normalization of...

IE Tower, a tech-based urban campus designed to be the perfect ground for innovation and entrepreneurship

IE Tower, which will be inaugurated on October 19, is one of the highest towers in Spain. It is designed and built to meet the ecological, educational and technological challenges of the 21st century. We met Juan José Güemes, President of the IE Center for Entrepreneurship & Innovation and Vice...

OPEC reports oil production increase in September

OPEC oil production rose by 486,000 bpd to 27.33 million bpd in September, according to OPEC's monthly report. Compared to August, oil production in September rose by 84,000 bpd in Iraq, by 139,000 bpd in Saudi Arabia, by 156,000 bpd in Nigeria and by 26,000 bpd in Kuwait, as well as in a number of...

IMF urges central banks to act against inflation

Central banks must be prepared to act quickly in the event of rising inflation, said Gita Gopinath, chief economist at the International Monetary Fund (IMF). "Monetary policy can now count on a period of rising inflation to pass for now, but central banks must be prepared to act quickly on the...

Producers note Asia's switch to petroleum-based fuels

Demand for oil fuel is rising in some parts of Asia amid growing gas prices, Patrick Pouyanne, head of TotalEnergies, told the Evolen conference in Paris. "What is happening with gas could be worrying for some emerging economies in Asia. Some Asian countries are now going back to using oil fuels,...

Kraft Heinz chief urges customers to get used to high food prices

Head of Kraft Heinz said that consumers should get used to high food prices. The cost of food, according to him, will continue to rise due to the lack of suitable land for growing food. The UN had earlier reported that global food prices were rising to a 10-year high. Shoppers around the world...

World Bank: Rise in global debt during COVID-19 pandemic is not critical

The rapid growth of debt in most economies in 2020-2021 is not so much a separate event but an unexpected continuation of the debt booms triggered by the global crisis of 2008-2009. The fundamentally new reality of global debt increasing by 13 percentage points to 97% of global GDP in 2020 is not...
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