Daily Management Review
Economics

Australia's GDP slows down in Q3

Australia's economic growth slowed in the third quarter, despite the central bank’s rate cut. GDP in July-September grew by 0.4% compared with the II quarter, when, according to revised data, the growth was 0.6%, says the Bureau of Statistics of the country. Economists surveyed by Bloomberg...

Tesla To Enter Germany Opening The Door For Others To Follow

Tesla to build its first European factory in Germany. Earlier, Tesla made an announcement to reveal that according to its plans its first factory in Europe will be located near Berlin which is expected to lure other companies from the “electric mobility and energy storage sectors” into Germany,...

Trump Has No Deadline For China Trade Deal, Says Could Happen After 2020 US Elections

Global markets, investors and companies got a rude shock after United States president Donald Trump said on Tuesday that there was no fixed deadline or time line for a trade deal; with China and that the deal could be reached after the completion of the 2020 Presidential election in the US.  ...

Foreign Drug Makers Present Lowest Price Global To Enter Chinese Reimbursement Scheme

In China, drug makers slash price and hope to recover the same in volume while some warn against commotion for the same in other drug markets. Various drug manufacturers, like Roche and Novartis’, are going to cut down prices in China by “an average of 61%” for their “newest drugs”. This step comes...

China Stresses On Promise To Lower Trade Barriers And Increase Market Access To Foreign Firms

A slowdown in its domestic economy and the hit by the trade war with the United States is forcing China to make concessions to boost the economy. As a part of that effort, the Chinese government further reiterated its commitment to further open up its economy and increase the access of foreign...

EU To Increase Beef Imports Form Eth EU, But Call For Removal Of US’s Metal Tariff

In a move that is seen to possibly reduce the trade tensions between the European Union and the United States as the lawmakers of the economic block decided to increase the import of beef form the US.   However the EU also took a dig at the import tariffs imposed on metals from the EU by the...

Sberbank Enters Into Autonomous Driving Technology

Taking forward, Russia’s digital economic drive, the biggest bank of the country collaborates with Cognitive Technologies. Sberbank is the largest bank in Russia, which has ventured into “driverless cars” technology as it teamed up Cognitive Technologies, “AI transport developer”.   Both the...

Italian Defence Minister Gives Green Signal For F-35 Phase Two

Italy will continue with “F-35 fighter jets” investment plan, hoping to build on its previous investments and seizing the programme opportunities. The Defence Minister of Italy informed that the country will move ahead with the plan of investing on “F-35 fighter jets”. This statement came following...

Study Finds The U.S. Midwest To Yield Best Benefit From Renewable Plant Installation

Study looks beyond cost benefits and delved deeper in the health benefit of switching to renewable energy. According to a study, the U.S. Midwest seems to be the best place for investing in “wind turbines and solar panels” as compared to rest of the country for the installation in the said region...

Democrats "Within Range" Rehashed Nafta, Says US House Speaker Pelosi

Democratic lawmakers are "within range of a substantially improved" trade agreement with Canada and Mexico, said the Speaker of the House of the United States Nancy Pelosi on Monday.   However she also said that the Democratic law makers also demand that the progress that has been made in...
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