Daily Management Review
Economics

China invests in Cuban energy sector

Cuba has signed an agreement on energy cooperation with China as part of the One Belt, One Road programme, the Cuban embassy in China said. The agreement was signed during the One Belt, One Road energy cooperation conference in Qingdao. It provides for the participation of Chinese companies in the...

Chinese Growth Curbed By Power Shortage While Europe Faces Gas Shortage

The Chinese economy, the second-largest in the world has already been hit by power shortages which have, in turn, threatened to upend the global supply chains, while it is becoming apparently clear that the gas shortage in Europe will continue in October as no signals of increasing gas exports to...

PBOC Chief Says Challenges From 'Mismanagement' At Certain Firms Faced By China

People's Bank of China Governor Yi Gang believes that the Chinese economy is "doing well," even though there are headwinds challenging it, including default risks for some firms due to "mismanagement".   The huge debt burden of more than $300 billion in liabilities and the missed...

Power Shortage And Property Market Issues Slows Down Chinese Economy

Power shortages, issues with supply chains, and major issues in the property market of the country resulted in China’s economic growth happening at its slowest pace in a year during the third quarter. This has now pressurized policymakers to take more measures to prop up the recovery of the economy...

China increases coal imports by 76% yoy in September

China, amid an energy crisis in some parts of the country, increased coal imports in September by 76% year-on-year, while coal production fell by 0.9%, data from China's State Bureau of Statistics showed on Monday. Authorities in several provinces in China, mostly in the northeast, have been...

Fed to begin tapering monetary stimulus from mid-November

The minutes of the September meeting of the US Federal Open Market Committee were published at the end of last week. As expected, committee members agreed on the parameters for a gradual winding down of the monetary stimulus programme. It is a question of reducing the volume of the Fed's purchases...

Bitcoin Surges Past $60,000 To Reach A Six-Month High Due To US ETF Expectations

With growing speculation among bitcoin investors that the United States regulators would approve a futures-based exchange-traded fund (ETF) which would, in turn, clear the path for more widespread investment in digital assets, the value of bitcoin surpassed $60,000 for the first time in six months...

Central Banks Need To Monitor Inflation And 'Act Appropriately', Urges The IMF

Global policymakers were urged by the steering committee of the International Monetary Fund to keep a close eye on pricing dynamics, but also to "look through" inflationary pressures that the organization still believes are only temporary in nature and will ebb away with the normalization of...

IE Tower, a tech-based urban campus designed to be the perfect ground for innovation and entrepreneurship

IE Tower, which will be inaugurated on October 19, is one of the highest towers in Spain. It is designed and built to meet the ecological, educational and technological challenges of the 21st century. We met Juan José Güemes, President of the IE Center for Entrepreneurship & Innovation and Vice...

OPEC reports oil production increase in September

OPEC oil production rose by 486,000 bpd to 27.33 million bpd in September, according to OPEC's monthly report. Compared to August, oil production in September rose by 84,000 bpd in Iraq, by 139,000 bpd in Saudi Arabia, by 156,000 bpd in Nigeria and by 26,000 bpd in Kuwait, as well as in a number of...
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