Daily Management Review
Economics

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...

With Slowing Global Economy, Central Banks Must Maintain Rate Hikes: OECD

The central banks of various countries need to continue to keep raising interest rates to combat soaring and widespread inflation, even as the global economy slows significantly, according to the OECD on Tuesday.   The unexpected price rise and its impact on real incomes are hurting people...

New Zealand Central Bank to hold record rate hike

The New Zealand Reserve Bank may implement the biggest rate increase in history. This week, the Reserve Bank of New Zealand is expected to raise interest rates by the largest amount ever in an effort to reduce inflation. Following this, the central bank is anticipated to take a three-month hold...

As Geopolitical Rifts Disrupt Regional Summits, APEC Promises To Increase Trade

The final of three summits in the region this week, which have been overshadowed by intense geopolitical rivalry, was concluded on Saturday with commitments from the leaders of the 21-member APEC bloc to increase trade and do more to address other economic challenges.   Global leaders have...
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