Daily Management Review
Economics
Global Business Should Grant $8bn To Find Scientific Slutin Of Covid-19, Says Wellcome Trust

Global Business Should Grant $8bn To Find Scientific Slutin Of Covid-19, Says Wellcome Trust

A call to global business to donate $8bn for the scientific fight against coronavirus was given the Wellcome Trust which said that the best way for the world to find an “exit strategy” the lockdowns, imposed to prevent the spread of Covid-19 - the name of the disease caused by the coronavirus, that...
Norway and 6 more countries invited to OPEC + meeting, USA not included

Norway and 6 more countries invited to OPEC + meeting, USA not included

Seven more countries were invited to the OPEC+ meeting, scheduled for April 9. The list of states includes Norway and Brazil, but there USA and Canada are not invited, the Bloomberg news agency reported with reference to the delegate at the upcoming OPEC + meeting.a A meeting of OPEC+ on the issue...
EU Plans Retaliatory Tariffs To Extended US Tariffs On Steel And Aluminum

EU Plans Retaliatory Tariffs To Extended US Tariffs On Steel And Aluminum

After the United States decided to extend the imposition of tariffs on steel and aluminum from the European Union, a comprehensive list of imported goods form the US, including lighters and plastic fittings for furniture, is being drawn up by the 128 member bloc hat will be levied with import...
The Decade Long Job Growth In US Halted By Coronavirus

The Decade Long Job Growth In US Halted By Coronavirus

A decade long continued growth of jobs in the United States was brought to a sudden and screeching halt in March with about 710,000 Americans applying for unemployment benefits ads more and more businesses shut down temporarily because of the coronavirus pandemic.   According to new data...
UK Economists Say US And UK Unemployment Could Be Worse Than The Great Depression

UK Economists Say US And UK Unemployment Could Be Worse Than The Great Depression

According to a former official of the Bank of England (BoE), the impact of the coronavirus pandemic on the economies of the United States and Britain will result in a level of unemployment that could surpass the levels reached during the Great Depression of the 1930s within just a few months. ...
Economists Expect New Record For US Weekly Jobless Unemployment Claims

Economists Expect New Record For US Weekly Jobless Unemployment Claims

For a second straight week now, the number of Americans who have filed for claims for unemployment benefits has potentially set another all time record as stay at home orders are imposed in more and more states in the United States to prevent the spread of the coronavirus pandemic which has already...
The U.S. Stimulus Package May Not Be Enough To Contain The Economic Shock

The U.S. Stimulus Package May Not Be Enough To Contain The Economic Shock

The U.S. Treasury received an additional “$450 billion” from Congress as a part of stimulus package. The Federal Reserve gave out over “$3 trillion in loans and asset purchases” in the last few weeks as a measure to prevent the “U.S. financial system from seizing up”. However, till now the Fed has...
Coronavirus Battered First Quarter Sees M&A Activity Dwindling

Coronavirus Battered First Quarter Sees M&A Activity Dwindling

The devastating impact of the coronavirus pandemic gripping almost the entire of the world in the months of February and March has resulted in a 28 per cent drop in the global mergers and acquisitions activity for the first quarter of the current year which is the lowest year on year since 2016....
Chinese Factory March Output Post Surprise Expansion

Chinese Factory March Output Post Surprise Expansion

Following a collapse the factory activity in China in February, there has been a surprise expansion of the activity in the country for the month of March. However analysts cautioned that sustained recovery in the near term for the economy cannot be assured because of the severe drop in global...
Mexican oil falls to $10 per barrel

Mexican oil falls to $10 per barrel

Price of Mexican oil exports fell by another 20% on the first day after the weekend, stopping at $ 10.37 by the end of the day, Pemex Oil Corporation said. The fall in oil prices to the level of the late 1990s, when the price confrontation between Saudi Arabia and Venezuela was superimposed on a...
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