Daily Management Review
Economics

Structural Pressures Keep the Dollar on the Defensive as 2026 Approaches

The U.S. dollar is closing out one of its weakest years in nearly a decade, and while recent months have brought a modest stabilisation, currency markets are increasingly convinced that the broader downtrend has not run its course. The forces that dragged the dollar lower over the past...

US Federal Reclassification Reshapes Cannabis Economics but Leaves Consumer Reality Largely Unchanged

Donald Trump’s directive to move cannabis into a less restrictive federal drug category marks the most significant shift in U.S. marijuana policy in decades. Yet for consumers, the change is less about sudden freedom and more about slower, structural adjustments that could reshape prices, product...

Advance Commitments Push Biowaste Carbon Removal Toward Commercial Scale

A growing push by technology companies to secure long-term carbon removal capacity is reshaping how early-stage climate solutions are financed and brought to market. The latest backing for a biowaste-based carbon removal firm highlights how advance purchase agreements, corporate climate pressure...

Germany to increase government bond issuance to record €512 billion in 2026

Germany plans to boost its government bond issuance to an unprecedented €512 billion in 2026 to finance substantial infrastructure and defense expenditures. The issuance volume is set to rise by 20% relative to this year's figure (€425 billion). The former record of €500 billion was established in...

WSJ: Venezuelan black market oil trade estimated at $8 billion

The Wall Street Journal reports, referencing expert assessments, that 70% of Venezuela's oil shipments are transported by tankers affected by US sanctions. The day prior, Donald Trump mandated a "full and total blockade" of all sanctioned oil tankers going to or coming from Venezuela. He also...

Marshall Islands are the first in the world to begin paying universal basic income in cryptocurrency

Officials in the Marshall Islands have initiated a basic income (UBI) scheme, according to The Guardian. Through the program, each resident of the Marshall Islands will obtain around $200 every three months. Payments were initially distributed at the end of November, and recipients had the option...

Structural Demand and Policy Risk Keep Gold’s Momentum Intact After a Historic Surge

Gold’s extraordinary rally over the past two years would normally invite caution. Prices have more than doubled, delivering the strongest performance since the late 1970s and propelling bullion into territory that, in earlier cycles, would have triggered expectations of a sharp and prolonged...

After the Fall, Crypto Capital Relearns Risk Discipline

The latest downturn in cryptocurrency markets has acted less like a temporary setback and more like a structural reset in investor behavior. What began as a sharp price correction has evolved into a broader reassessment of how exposure to digital assets should be constructed, priced, and managed....

Transatlantic Energy Tensions Surface as Washington Pushes Back on EU Climate Rules

The U.S. demand that the European Union exempt American oil and gas from the bloc’s methane emissions law until 2035 reflects a widening clash between energy security priorities and climate regulation across the Atlantic. At its core, the request underscores Washington’s concern that Europe’s most...

State Capitalism Recast as Security Policy in Washington

The Trump administration’s move toward buying equity stakes in strategically important companies marks a sharp evolution in how Washington thinks about economic power, national security, and industrial policy. Rather than relying primarily on grants, tax incentives, or regulatory nudges, the...
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