Daily Management Review
Economics

Electric Car Makers Of China Making Big Moves Into Europe

Electric car makers from China are swooping into Europe, seeking to catch conventional automakers off guard and capture a piece of a market fueled by the continent's push toward zero emissions.   Nio Inc, one of a tiny number of rivals, will unveil its ES8 electric SUV in Oslo on Thursday,...

Following A Frantic 2021 Beginning, Slowdown In IPOs Globally In Third Quarter

According to Refinitiv statistics, the amount of initial public offerings (IPOs) worldwide dropped in the third quarter of 2021 from their earlier frantic pace, but the number of public listings during the first nine months of the current year was still the most since the dotcom boom of...

OPEC forecasts timing of decline in global oil demand

Global oil demand will start to decline after 2035, OPEC expects. Long-term oil demand growth will be limited by the growing number of electric vehicles. Average annual growth in oil demand will slow significantly between 2030 and 2035, after which it will begin to decline, according to OPEC's...

US Tech Trade Declaration Supported By EU Following French Concerns

Countries of the European Union committed to a joint EU-US agreement on technological collaboration on Wednesday, just in time for a critical transatlantic summit.   This move came after France threatened to veto the deal unless it was toned down, said reports quoting EU officials.  ...

US Approached China To Curtain Beijing’s Iranian Oil Imports – Reuters

China has been approached by the United States about decreasing its imports of crude oil from Iran, reported news agency Reuters quoting information from sources in the US and Europe. This move is aimed to put pressure on Iran to come to the negotiating table about the restoration of the 2015...

US retailers face paper shortages

A paper shortage has occurred in the US due to a decline in paper production in North America during the coronavirus pandemic. A paper production crisis has hit US retailers, Bloomberg reports. According to the agency, some paper mills have switched to cardboard production to meet the increased...

A Long Term Energy Strategy Is Needed For Europe, Says Eni CEO

The increasing prices of gas even as the winter is fast approaching in Europe is evidence that it is important for the European Union to develop a strategy for energy security for the long term, according to the president of Italy's Eni, La Repubblica.   Almost all of the natural gas as well...

Quad Countries Will Focus On Supply Chains Development For Clean-Energy: Australia PM

According to Australia's Prime Minister Scott Morrison, the United States, Japan, India, and Australia would collaborate with each other as well as with other countries to strengthen the security of global supply chains for vital technologies such as renewable energy as well as for alleviating a...

Major independent oil trader expects oil price to rise above $80 in winter

The price of oil may exceed $80 per barrel this winter, says the head of Vitol, the largest independent oil trader. He also expects global oil demand to rise amid the gas crisis. The world's largest independent oil trader Vitol expects the price of oil to exceed $ 80 a barrel this winter, writes...

Global steel production rises in eight months

Global steel production totalled 1.322 billion tonnes in January-August 2021, up 10.6% year-on-year, according to the World Steel Association (WSA). CIS countries, according to preliminary data, increased steel output by 17.7% to 70.9 million tonnes. The EU countries produced 102.1 million tonnes...
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