Daily Management Review
Economics

The EU economy is steady in the West, and rapid in the East

Eurostat has summed up the first quarter of 2016. EU’s GDP grew by 1.7 percent as a whole, while some countries experience a glut, and others are on the brink of recession. EU economy welcomed 2016 with not very fast, yet steady growth. In the first quarter, the total GDP of all 28 EU countries...

A 'go-your-own-way' Approach likely to be agreed Upon by G7 in Absence of New Ideas

The stage for G7 advanced economies could become one for agreement between the countries to "go-your-own-way" response to address risks hindering global economic growth at their finance leaders' gathering due to a rift on fiscal policy and currencies.   The G7 policy response to anemic...

PwC: Internet will bring 500 million people out of poverty

With an ability to access the internet from anywhere in the world, 7% of the world population (500 million people) can overcome poverty, and global GDP will increase by $ 6.7 trillion. This is stated in a new report on a study conducted by Strategy &, PwC division to assist in the area of strategic...

For the First Time in 40 Years, U.S. Discloses Saudi Holdings of Treasuries

After keeping them a close secret for more than four decades, the US Treasury Department released a breakdown of Saudi Arabia’s holdings of U.S. debt.   According to data the Treasury disclosed Monday in response to a Freedom-of-Information Act request submitted by Bloomberg News, the...

Brexit minister accuses Bank of England of 'Dangerous Intervention

A Tory minister campaigning for Brexit has termed as “incredibly dangerous intervention” that has increased financial instability, the Bank of England’s warning that leaving the EU could lead to a recession.   The Bank’s governor Mark Carney was accused of disrupting the markets and...

IMF Sees no Economic Upside to Brexit, Warns of Downward Spiral,

The impact of Britain leaving the European Union would range from "pretty bad to very, very bad" and that there were no economic positives to it taking the step, said International Monetary Fund chief Christine Lagarde.   If voters opt to leave the European Union after the referendum next...

US retail sales are better than forecast

In April 2016, retail sales in the US increased by 1.3% compared with the previous month, according to the Ministry of Commerce data. The growth rate was the highest since March 2015. Analysts surveyed by Bloomberg expected a less significant increase in the index - by 0.8%. In March, retail...

Scared by Trump, Wall Street bankrolls Clinton

On the eve of the final battle with Donald Trump, former US Secretary of State Hillary Clinton receives from Wall Street donors more transfers than all other candidates combined. In total, Clinton received $ 4.2 million from Wall Street, $ 344 thousand of which came in March. According to Wall...

China's Overseas M&A Push to be Boosted by Simpler Merger Code

In a move likely to further boost record overseas acquisitions by Chinese companies, China is planning to allow Chinese companies to vie for the same target and to remove the need for State Council approval for large, sensitive outbound deals.   The draft rules aimed at both speeding up...

Ownership of Self-driving Cars' Data not clear according to Fiat Chrysler

FCA Chief Executive Sergio Marchionne said recently that in their collaboration on self-driving vehicles, Fiat Chrysler Automobiles and Alphabet Inc's Google have yet not been able to determine who would own the data that would be collected.   "That's exactly what has to be determined. We...
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