Daily Management Review
Economics

UK And EU Finally Arrive At A Brexit Trade Deal

Just seven days before the exit of the United Kingdom from the European Union, a much awaited trade deal was achieved between the two trading partners, even though a narrow one on Thursday.   This deal ensures that the trade between the two parties which amounts to almost $1 trillion...

Brexit Trade Deal Very Close As EU And UK Hash Out Final Details: Reports

It reports emerging out of London and Brussels are to be believed, the two parties are close to clinching a Brexit trade deal.     On Thursday, the final details of a post-Brexit trade deal were chalked out by the European Union and United Kingdom and the negotiators hoped that they...

Saxo Bank: Oil may fall in price by 10% due to new COVID-19 strain

Ole Hansen, Head of commodity strategy at Saxo Bank, believes that the emergence of a more contagious strain of coronavirus could result in a drop in oil prices due to possible new lockdowns. By the evening of December 23, Brent crude was trading at $51 a barrel on London's ICE exchange, but in the...

Goods For Firms Around The World Getting Delayed Due To Global Cargo Logjam

Usual flow of trade has been upended by the growth in demand from people staying back at home during the novel coronavirus pandemic for furniture, exercise equipment and other goods.   In order to reduce its business risks, about half of its production out of China by Amazon seller Bernie...

Analysts name key condition for global economic recovery

Mass vaccination of the population will be the key to global economic recovery in 2021, according to analysts at the international insurance company Euler Hermes. Mass vaccination will lead to a revival of the service sector, a synchronized economic recovery in various sectors, the partial spending...

Record $1.03 Trillion Budget For Fiscal 2021 Passed By Japan Amid Covis-19 Pain

Japan’s Ministry of Finance announced the approval of a record $1.03 trillion budget draft for the next fiscal year starting in April 2021 by the country’s cabinet even as the public finances of the country is under pressure because of the novel coronavirus pandemic’s economic impact and the...

IEA Forecasts 2.6 Per Cent Growth In Demand For Coal Globally

The International Energy Agency (IEA) forecast that the demand for coal globally will increase by about 2.6 per cent next year because of increase in use and demand electricity associated with increase in industrial output as economies all over the world recover from the Cvodi-19 induced slump....

Interim Trade Deal To Avoid Post-Brexit Tariffs Very Close Between Canada And Britain: Reports

An interim agreement on free trade between the United Kingdom and Canada are very close to be completed, said reports citing sources with knowledge of the matter. The interim trade agreement will work after Brexit and will be in force until such time that a new bilateral agreement is approved by...

Japan’s GDP Growth Forecast For Fiscal 20121 Raised Due To Stimulus Package

The latest stimulus by the Japanese government to combat the novel coronavirus pandemic’s impact on its economy and to hasten the speed of the recovery prompted Japan's government to raise its economic growth forecast for the next fiscal year.   The latest estimate by the country’s Cabinet...

Only Hours Left For A Brexit Trade Deal, Says EU's Barnier

While the European Union said on Friday that there were only hours left to arrive at a Brexit trade deal, the United Kingdom urged the EU to see sense.   The two sides are trying to strike a free trade agreement before Britain crashes out of the EU on January 1. An agreement on trade will...
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