Daily Management Review
Economics

IEA Says Oil And Gas Sector Must Abandon Carbon Capture As A Means Of Combating Climate Change

The president of the International Energy Agency stated that the oil and gas sector needs to invest more in clean energy and get over the "illusion" that carbon capture technology can combat climate change.   “The industry needs to commit to genuinely helping the world meet its energy needs...

IEA: Oil and gas companies make up 1% in clean energy investments

According to the IEA, 1% of investments in clean energy come from oil and gas corporations. The International Energy Agency (IEA) reports that oil and gas businesses would rather observe the energy transformation from the sidelines, contributing just 1% of all clean energy investment worldwide....

Certain Arab Nations Saw Western Companies Targeted By Boycotts Due To The Gaza War

An employee was found wiping tables in an empty McDonald's outlet on a recent evening in Cairo. In the Egyptian capital, other Western fast-food franchises seemed to be closing their doors.   Since the deadly Hamas attack in southern Israel on October 7, all have been impacted...

Hedge funds lose over $43B as US and European markets rally

Hedge funds lost over $43 billion in a few days due to their bets on the stock market's decline despite the expansion of the U.S. and European stock markets, the FT writes. According to the Financial Times, which cites data from the research group S3 Partners, hedge funds lost $43.2 billion over...

WSJ: Founder of Binance sets to resign

Changpeng Zhao, the founder and CEO of Binance, made the announcement on Tuesday in the Seattle court. Zhao plans to resign and enter a guilty plea for breaking anti-money laundering regulations, reports the Wall Street Journal. According to The Wall Street Journal, which cites sources, Changpeng...

Bank of England Governor urges markets not to underestimate inflation in the UK

Financial markets undervalue the UK's ability to sustain high rates of inflation, Bank of England Governor Andrew Bailey stated in a legislature, according to the Finance Times. In addition to confirming intentions to keep a tight monetary policy in place for some time, he said that investors place...

China's Government Advisors Want Greater Stimulus And Steady Growth Objective In 2024

Aiming to create jobs and maintain long-term development goals, Chinese government experts will suggest 4.5% to 5.5% economic growth targets for the upcoming year to an annual policymakers' conference.   Speaking with Reuters, five of the seven advisors expressed their preference for a...

ECB Warns The Property Slump Might Persist For Years

The European Central Bank warned on Tuesday that the collapsing commercial real estate market in the euro zone would struggle for years, endangering the banks and investors that financed it.   An ECB report on risks to financial stability highlighted growing anxiety over a real estate bubble...

Reuters: Russian coal shipments to China in October fall to the lowest since February

China's imports of Russian coal dropped to their lowest level since February in October, according to data cited by Reuters from the People's Republic of China's General Administration of Customs.China's imports of Russian coal dropped to their lowest level since February in October, according to...

Lagarde says EU needs to create analogue of US SEC

European Central Bank (ECB) President Christine Lagarde stated that in order to draw enough money to the region's economy to address its difficulties, the European Union needs a version of the U.S. Securities and Exchange Commission (SEC) as well as a unified capital market. Lagarde claims that...
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