Daily Management Review
Economics
Defence Bank Race Tests Allies’ Willingness to Finance Rearmament

Defence Bank Race Tests Allies’ Willingness to Finance Rearmament

The push to create a new international defence bank reflects a problem that is becoming increasingly difficult for Western governments to ignore: raising defence budgets is one challenge, but converting that money into factories, weapons, technology and resilient supply chains is another. Canada is...
Iceland’s Fishing Concerns Defeat EU Pressure for Accession Talks

Iceland’s Fishing Concerns Defeat EU Pressure for Accession Talks

Icelandic voters have rejected a proposal to reopen negotiations on European Union membership, delivering a narrow but politically significant setback to the government’s effort to reconsider the country's long-standing position outside the bloc. With 52.8% voting against reopening negotiations and...
US Seeks G20 Trade Pressure on China to Force Economic Rebalancing

US Seeks G20 Trade Pressure on China to Force Economic Rebalancing

The United States is seeking to turn its increasingly contentious trade relationship with China into a broader campaign of coordinated pressure, with Treasury Secretary Scott Bessent urging G20 economies to reconsider their trade arrangements with Beijing. The objective, according to officials...
US Policy Shifts Test Europe’s Confidence in Global Financial Cooperation

US Policy Shifts Test Europe’s Confidence in Global Financial Cooperation

European central bankers are increasingly concerned that changes in the way Washington manages currencies, government debt and financial policy could make international economic coordination more difficult, according to officials familiar with discussions at the annual gathering of central bankers...
US Strike on Iranian Island Reopens Oil’s Hormuz Risk Premium

US Strike on Iranian Island Reopens Oil’s Hormuz Risk Premium

Oil prices rose more than 2% after the United States struck two Iranian launchers on Larak Island in the Strait of Hormuz, turning a military action aimed at protecting shipping into a fresh test of the global energy market’s ability to absorb another escalation. Brent crude moved above $90 a...
US Sanctions Cut Deeper Into Iran's War-Damaged Economy

US Sanctions Cut Deeper Into Iran's War-Damaged Economy

Iran's economic problems are becoming increasingly difficult to separate from the military conflict with the United States, as Washington intensifies sanctions while restrictions on Iranian shipping further disrupt the country's access to foreign trade. Iranian officials have acknowledged the...
US Gains Growing Control Over Venezuela's Oil Reserves

US Gains Growing Control Over Venezuela's Oil Reserves

The United States is moving toward a far deeper role in Venezuela's oil industry, with President Donald Trump announcing an agreement that would give American interests majority control over more than 65 billion barrels of the country's proven crude reserves. The announcement marks a significant...
Nepal Floods Put Reconstruction Costs Near 10% of Economy

Nepal Floods Put Reconstruction Costs Near 10% of Economy

Nepal could face a reconstruction bill of $4 billion to $5 billion after a catastrophic flood swept through its northern border region, according to Finance Minister Swarnim Wagle. The estimate is still preliminary, with authorities continuing to assess the extent of the damage, but even the lower...
Cheese Brand Names Expose Deeper Fault Lines in US-Mexico Trade Agreement

Cheese Brand Names Expose Deeper Fault Lines in US-Mexico Trade Agreement

A dispute over the names used to sell cheese has become an unexpected obstacle in increasingly important United States and Mexico trade negotiations. The disagreement concerns whether commonly used terms such as parmesan, feta and manchego should remain available to producers outside the European...
Six Months of Iran-US War Have Shifted the Iran Conflict’s Strategic Balance

Six Months of Iran-US War Have Shifted the Iran Conflict’s Strategic Balance

Six months after the United States and Israel began their military campaign against Iran, the conflict has produced a result very different from the short war initially anticipated by the Trump administration. The strikes inflicted major damage on Iran’s military infrastructure, leadership...
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