Daily Management Review
Economics

EU Is Seeking $140 Billion To Protect Consumers From The Energy Crisis

The European Union's executive highlighted plans to collect more than $140 billion from energy companies to help protect households and businesses from rising prices that threaten economic recession and insolvency.   European gas and power prices have skyrocketed this year as Russia reduces...

Chinese Economy's Export Is Buckling As A Result Of The Global Slowdown

China's exporters, the world's second-largest economy's last reliable pillar as it battled the pandemic, weak consumption, and a property crisis, are warning of tough times ahead as softer overseas markets force them to lay off workers, shift to lower-value goods, and even rent out their factories....

U.S. banks lose record $370B in deposits

The Wall Street Journal reports, citing data from the Federal Deposit Insurance Corporation, that total deposits from people and businesses in U.S. banks fell by a record $370 billion in the second quarter. This is the first decline since 2018. At the end of the second quarter, banks held a total...

Sticky High Rents And Food Prices In The US Hikes August Inflation

Consumer prices in the United States unexpectedly rose in August, and underlying inflation accelerated due to rising rent and healthcare costs, providing the Federal Reserve with ammunition to deliver a third 75 basis point interest rate hike next Wednesday.   The Labor Department reported...

Despite Lower Inflation Expectations, The BoE Will Continue To Raise Rates

UK Prime Minister Liz Truss' massive power bill bailout has given the Bank of England a temporary boost in its fight against inflation, but it still appears likely that interest rates will increase significantly later this month.   According to economists, Truss's tariff cap, which was...

French authorities expect the national economy to grow next year

According to Economy and Finance Minister Bruno Le Maire, France's economy will expand in 2023 despite a challenging economic climate. He declared, "I assert that we will have positive development (in the economy) in 2023." He asserted that the economy will expand by 1.4 percent in 2023 despite...

The Major "Merge" Upgrade Of Ethereum Explained

The second-largest crypto token in the world, ether, built on the Ethereum blockchain, will soon undergo a significant software upgrade that will reduce the energy required for transaction processing and coin creation.   The Ethereum blockchain is about to merge with another blockchain,...

Review Of China Business Restrictions Being Done By The German Economy Ministry

In an effort to lessen its reliance on Asia's economic superpower, the German economy ministry is considering a number of measures to make doing business with China less appealing, according to two people familiar with the situation who spoke to Reuters.   According to those people, the...

It Will Cost $176 Trillion To Reach United Nations Sustainability Goals, Says New Report

According to a report released on Thursday, the cost of achieving global goals to combat problems like hunger, poverty, and climate change increased by 25 per cent to $176 trillion over the previous year and performance on several measures reversed.   According to the report by the...

Deutsche Bank’s head warns of recession

Christian Sewing, the CEO of Deutsche Bank, cautioned that China posed a severe danger to Germany and that Europe needs big banks to compete with U.S. lenders. Germany "can no longer avoid recession," according to the chief executive of the major German bank, because of its excessive reliance on...
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