Daily Management Review
Economics

Britons Are Cutting Back On Buying As A Result Of The Cost-Of-Living Constraint

In the face of rapidly rising inflation, British consumers cut back on purchasing in May, and a measure of their confidence fell to a new low this month, according to data that highlighted the magnitude of the cost-of-living crunch.   The Office for National Statistics reported on Friday...

US IT Industry Is Concerned About Providing Data To Jurisdictions That Prosecute Abortion

Following the U.S. Supreme Court's decision on Friday to overturn the Roe v. Wade precedent, which for decades guaranteed a woman's constitutional right to an abortion, the technology industry is bracing for the uncomfortable possibility of having to hand over pregnancy-related data to law...

Europe Warned To Brace Itself For Russia Cutting Off Gas

The International Energy Agency's chief has warned that Russia may cease delivering gas to Europe this winter. Fatih Birol feels that a complete shutdown is unlikely, but that Europe should prepare for the worst-case situation.   Several European countries have reported receiving much less...

Leaders Of Brics Nations To Hold Summit To Create Global Clout Amid Ukraine’s Invasion By Russia

The leaders of the Brics group of countries are scheduled to get together for a summit this year and this move comes amid dramatic alterations in the global order.    The group, whose name is derived from the initials of its five member countries - Brazil, Russia, India,...

Italy allocates over €3B to support the nation

The third quarter of the year will see an extension of energy price containment measures for homes and companies, according to a new regulation passed by Italy's Council of Ministers. The sum allotted was €3.27 billion, according to il Sole24 ore. The publication notes that the initiatives...

Bank of France Head: France should avoid recession in 2022

According to François Villeroy de Galhau, governor of the Bank of France and member of the ECB Governing Council, France should escape a recession this year and its economy will expand favorably. Inflation is still too high, which has an impact on consumers' spending power, he said on RTL radio,...

EU to allocate €9B in aid to Ukraine

The European Union (EU) will complete terms of a €9 billion financing package for Ukraine in the next days, according to Bloomberg, citing three European officials. Ursula von der Leyen, the President of the European Commission, stated that the EU will provide Ukraine with a €9 billion loan by the...

China's May Oil Imports From Russia Set A New High, Surpassing Top Supplier Saudi Arabia

China's crude oil imports from Russia increased by 55 per cent year on year in May, surpassing Saudi Arabia as the leading supplier, as refiners took advantage of discounted supplies amid sanctions imposed on Moscow for its invasion of Ukraine.   According to Chinese General Administration...

Crypto Market Concerned Of Contagion With Bitcoin Falling Below $20,000

On Monday, the cryptocurrency industry was in anxiety as bitcoin fought to hold above a critical level, with investors concerned that issues at prominent crypto companies may spark a larger market shakeout.   In early London trading hours, Bitcoin, the world's largest cryptocurrency, was...

Reuters: China increases Russian oil imports to record levels

According to Reuters, China raised its oil imports from Russia by nearly 25% on a monthly basis and by 55 percent on an annual basis in May, bringing purchases to a record high. Oil shipments from Russia to China totaled about 8.42 million tonnes (or 1.98 million barrels per day) in May, according...
1 ... « 147 148 149 150 151 152 153 » ... 451