Daily Management Review
Economics

Beijing’s Banks Drain Dollars to Curb Yuan Surge and Shape Global Currency Strategy

In recent days, major Chinese state-owned banks have stepped into the onshore foreign-exchange market to purchase U.S. dollars and hold them, marking a deliberate attempt to moderate the rapid rise of the yuan. Rather than following their usual practice of recycling dollars through swap lines,...

Venezuela rejects forced sale of Citgo

The Venezuelan government has rejected the court's decision to forcibly sell Citgo Petroleum Corporation (CITGO), a U.S. subsidiary of the state-owned company Petróleos de Venezuela (PDVSA), said Vice President Delcy Rodríguez. Venezuela has also stated it will pursue legal action against those...

Structural Pressures in Global Aviation Keep Pilots Silent on Mental Health

Commercial aviation is built on layers of regulation, redundancy and precision. Yet beneath the surface of cockpit discipline lies an unspoken reality that shapes the behaviour of thousands of aviators: many airline pilots hide mental health struggles to protect their careers. The aviation...

Global central banks purchase 53 tons of gold in October

Global central banks added 52.6 tonnes of gold to their international reserves in October, as reported by preliminary data from the World Gold Council (WGC). This represents the biggest monthly rise in gold purchases this year, according to WGC analyst Krishan Gopaul. The top gold-buying...

UK government to increase taxes on property, high incomes, and electric vehicles

Chancellor of the Exchequer Rachel Reeves introduced a new budget featuring substantial tax hikes. This will generate an extra £26 billion each year, which is especially significant considering the £22 billion budget deficit created by the former Conservative administration. Nonetheless, as Ms....

Airlines Mobilise Worldwide as Airbus A320 Recall Sparks Urgent Fix Campaign

Global airlines moved at extraordinary speed over the weekend to correct a critical software flaw across thousands of Airbus A320-family jets, after an emergency recall forced carriers to ground aircraft, rework schedules, and deploy engineers round the clock. The scale and urgency of the recall...

EU Moves to Rebuild Strategic Autonomy as Raw Materials Plan Targets China Reliance

The European Union is preparing to unveil a sweeping framework aimed at reducing its long-standing dependence on China for critical raw materials. Years of industrial reliance, geopolitical tension, and the rapid acceleration of supply-chain competition have pushed Brussels to redefine how Europe...

Expanding Global Output Sets Stage for Prolonged Price Weakness in 2026

Oil markets are heading into 2026 under the weight of an expanding global supply base that continues to grow faster than worldwide consumption. The scale of the imbalance is becoming more visible across producer blocs, storage hubs, and financial markets, signalling a year shaped primarily by...

US Bitcoin ETFs may see record monthly outflows in November

US Bitcoin exchange-traded funds (ETFs) have experienced $3.5 billion in investor withdrawals since the start of this month, as per Bloomberg's estimates. The monthly outflow reached a record of $3.6 billion in February of this year. With the last week of November included, this record might be...

Lagarde calls on Europe to remove internal barriers to trade

Europe should eliminate domestic obstacles to move away from a growth model that relies heavily on exports, said European Central Bank President Christine Lagarde during a speech to bankers, as reported by The Wall Street Journal. Lagarde pointed out Europe's exposure to the strategic use of...
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