Daily Management Review
Economics

South Korean Debt To Reach 50% Of GDP With Proposed Aggressive Spending Plan For 2022

A proposal for an aggressing increase in government spending was unveiled by South Korea's government on Tuesday for the last year of the presidency of Moon Jae-in's five-year term. This eliminated any chance of the government achieving a balanced budget even as the fiscal deficit of the country...

New Chinese Gaming Rules Send Shares Of Gaming Companies Down, Young Gamers Fume On Social Media

New gaming rules imposed by China for online gamers below 18 years, putting a cap of a maximum of three hours that they can be allowed to play online video games a week, hit share price of Tencent Holdings Ltd and other gaming companies, while young gamers vented out their protest against the...

Chinese Factory Activity For August Expected To Continue To Register Growth Decline

Restrictions imposed because of a surge in Covid-19 cases and rising costs of raw materials continued to put pressure on manufacturers possibly caused a continued slowdown in growth in China's factory activity in August, even as the economic recovery in the country lost momentum, estimated a...

New Laws For Regulating Digital Wallet Services Being Considered By Australia

A set of new laws is being prepared by the Australian government aimed at further tightening regulation of digital payment services offered by tech companies such as Apple and Alphabet's Google.   According to the Australian Treasurer Josh Frydenberg, he would "carefully consider" the latest...

Entrepreneurs In Cuba Get Ready For A More Open Economy

Following the landmark change in the rules to private owning and running of business that govern the Communist-run economy, understanding the opportunities and challenges of the change is being sought to be understood better by Cuban entrepreneurs who want to or are running businesses ranging from...

Canada Echoes Mexico’s Concerns And Asks For Consultation With US Over USMCA Content Rules

Canada has sought formal consultation with the United States, after Canada did so, for discussing the interpretation of content rules for automobiles as has been set out in the North American trade pact, the two countries, Mexico and Canada said on Friday.   A formal consultation to clear...

83% Of Department Stores Lost In UK Since Collapse Of BHS

Over the last five years since the collapse of the BHS chain, about 83 per cent of the main department stores in e United Kingdom have been lost. The extent of disruption in the High Street is reflected in the figure even as shopping habit change was hastened by the Covid-19 pandemic.   More...

Fed officials hint at near move to wind down stimulus program

Three U.S. Federal Reserve officials said in three separate TV interviews on Thursday that the moment to move to wind down the central bank's stimulus through bond purchases is approaching. With inflation surging to unexpectedly high levels and uncertainty about the prospects of a slowdown next...

Silicon Valley Pitches Renting A Robot To Entice Smaller US Factories

A new pitch to small companies by Silicon Valley to use robots more is to rent out one.   There has been a surge in sales of robots to big companies all across the United States driven by better technology and increased wages of human workers. However, there are concerns of high up-front...

Following Chinese Ban On Core Subject Teaching, Chinese Tutoring Firms Focus On Hands-On Courses

Following a ban on Chinese online tutoring companies by authorities in the country on teaching core subjects and on making profits thereby, on teaching core subjects are being found out by such companies. Firms are now promoting coaching classes such as drama and even parental training as they try...
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