Daily Management Review
Economics

Did oil companies spend billions in vain?

ExxonMobil and its colleagues risk wasting $ 2.3 trillion on oil projects that will not be needed if the world reaches peak demand for hydrocarbons over the next decade, OilPrice writes. A new report from The Carbon Tracker Initiative analyzed what will happen if the oil market sees a peak demand...

‘House of Nakamoto’: The Story Of First Bitcoin Store In The World

The first Bitcoin store ever offers various range of products besides a “Bitcoin ATM”. “House of Nakamoto” based in Vienna is the first “Bitcoin Store” which was founded by Magdalena Isbrandt, who recounted her discovery of Bitcoin, saying: “I studied in Beijing, and after graduation, I worked at...

Newcomers Challenge Airbus-Boeing Duopoly, Beyond Air Show

The duopoly of Airbus and Boeing will be forced to share the stage at future shows as newcomers from Russia, China and Japan muscle into the passenger plane market even though this year's Paris Air Show was dominated by the annual order battle between the two largest aircraft manufacturing...

CBI’s Survey Reports Britain’s Strongest ‘Export Order Growth’ In ‘22 Years’

It’s an opportunity to rejoice for the BoE members in support of interest rate hike in Britain given the country’s manufacturing sector’s performance. Within a span of almost three decades, the orders are flowing at the “highest level” at present in the British factories, reveals a monthly survey...

Faroe Islands are drumming up interest among oil investors

Oil companies are interested in renewing the search for oil and gas in almost unexplored seas near the Faroe Islands, which are located close to the British North Sea, Head of the Faroe geological service said, Reuters reports. There were no economically feasible discoveries on the Faroese shelf,...

Macquarie’s Oil Research Chief Predicts That OPEC Agreement Will Collapse Next Year

The head of European oil and gas research at Macquarie has warned that beyond February 2018, the OPEC-led production cut agreement that was extended last month is unlikely to survive that date.   Ian Reid told during a TV interview on Thursday that the key question was whether they could...

The World Bank is preparing for a transformation

The World Bank is shifting from the role of major development projects lender to the role of a private sector investment broker. In April 2017, World Bank Group President Jim Yong Kim outlined his vision in a speech at the London School of Economics. He argued that financing for development must...

Australia takes control over natural gas exports

Australian Prime Minister Malcolm Turnbull announced that his government will grant companies the right to obtain licenses for gas exports in an attempt to reduce domestic gas prices, writes Business Insider. At a joint press conference with Energy Minister Josh Frydenberg and Finance Minister...

Ireland plays a hand in default of one of the largest post-Soviet banks

When the largest bank of Azerbaijan wanted to extract hundreds of millions of dollars from funds in neighboring Kazakhstan, it had to go backwards for 2,700 miles to Ireland, writes Bloomberg. The International Bank of Azerbaijan (IBA) used dark Dublin companies to sell bonds, which were purchased...

Amazon to buy Whole Foods supermarkets

American online retailer Amazon.com reached an agreement to purchase a Whole Foods Market supermarket chain for $ 13.7 billion. The company will pay $ 42 per Whole Foods’ share. "Millions of people love the Whole Foods Market because they offer the best natural products of organic origin and make...
1 ... « 164 165 166 167 168 169 170 » ... 262