Daily Management Review
Economics

Investments in the UK car sector fall by more than 70% due to Brexit risk

Investments in the UK car sector fell by more than 70% in the first half of the year due to fears about Brexit, the British Society of Motor Manufacturers and Traders (SMMT) reported. The volume of investments in the first half of 2019 decreased to ‎£ 90 million ($ 109.5 billion) as compared with...

Global PV Installation Market Is ‘Now Back On A Strong Growth Trajectory’

‘2018’s slowdown was just a blip’, as world’s solar installation market is set to make record. Last week, the Wood Mackenzie consultancy informed that thanks to the improvement seen in the European as well as the American markets besides the fast growth observed in Indian as well as Vietnamese...

World's top ten most profitable companies: Economic clout is leaving the US

The Fortune Global 500 list for 2019 shows how economic power is moving from the United States to other countries. This time only 4 US companies entered the top 10 in terms of profitability and there were only 2 of them in the top 10 in terms of revenue. The leaders in profit were Apple (second...

US Economic Growth Slows In Q2 With Concerns Over Drop In Business Investment

The loss of steam in the United States economy for the second quarter was now as bad as was being expected because of an increase in consumer spending which offset some of the negative impacts of reducing exports and a smaller inventory build. The performance of the economy in the second quarter...

Lloyds settles $129 billion lawsuit with Standard Life Aberdeen Plc

Lloyds Banking Group has settled a lawsuit by paying 140 million pounds to Standard Life Aberdeen Plc. On Wednesday, Standard Life Aberdeen Plc said in a statement that it will receive 140 million pounds in compensation from Lloyds Banking Group.   As part of the settlement deal, SLA will...

Tech Executives Gather In White House Meeting To Discuss U.S.-China Trade

While, the tech firms in the U.S. awaits the details of new policy announced by President Trump, the Tech firms are invited for a White House conference. The economic advisor of White House, Larry Kudlow plays the host in the “semiconductor and software executives” meeting which took place on...

Trump To Respond Fast To License Requests By US Firms To Sell To Huawei

United States president Donald Trump agreed to make “timely” decisions with respect to allowing American companies to sell to the Chinese tech giant Huawei Technologies Co Ltd – currently blacklisted by the US Commerce Department, following a series of requests by US companies at a meeting held on...

Chinese economy is growing at the slowest rate since 1992

The Chinese GDP has grown by 6.2% in the second quarter; this is the lowest figure since 1992, when the National Bureau of Statistics of China began to publish quarterly data. A quarter earlier, the growth rate was 6.4%, last year - 6.6%. The weakest point in the economy was exports, which fell in...

High Recession Risk For Stalling British Economy, Says NIESR

The National Institute of Economic and Social Research (NIESR) of the United Kingdom has warned that there is a one-in-four chance that the crisis surrounding uncertainty over Brexit has already moved the country into a recession as can be seen with stalling economic growth of the country.  ...

Trade Discussed Over Phone Between US-China Officials, Could Lead To In-Person Talks

After a telephonic conversation between United States and Chinese trade officials over the issue of coming to a possible trade agreement, US Treasury Secretary Steven Mnuchin suggesting in-person talks could be the next step for the representatives of the two largest economies of the world.  ...
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