Daily Management Review
Economics

Post-Brexit, Britain Faces Battery Challenge To Meet Its 2030 Fossil Vehicle Ban Deadline

With announcing a ban on sales of new fossil fuel-powered cars starting 2030m Britain has set its set its program of vehicle electrification on the fast lane. And to meet the anticipated demand of car batteries, the government has offered 1 billion pounds ($1.4 billion) to kick start its domestic...

More Than A Third Of Global Assets Is Comprised Of Sustainable Investments

A report from the Global Sustainable Investment Alliance revealed that the total volume of investments towards sustainable projects was at $35.3 trillion which was more than one third of all assets in five of the biggest markets of the world.   Environmental, social and governance-related...

Oxfam: Not all loopholes in global tax system are closed

Agreements on global corporate tax reform will not prevent the world's largest companies from seeking opportunities to take profits abroad, CNBC writes, citing expert estimates. The Organisation for Economic Co-operation and Development (OECD) has drafted the tax reform, and the changes would...

These Things Are Cheaper Now Than Prior To The Covid-19 Pandemic

While most of the things have got costlier during and with the reduction in Covid-19 cases throughout the world, there are certain items that actually are still cheaper than when the pandemic started last year in February 2020.   The start of the pandemic resulted in enhancement of the trend...

Japan’s Annual Growth Forecast Cut By BOJ

While holding to its view of the Japanese economy settled to register a moderate recovery from the Covid-19 pandemic hit, the Bank of Japan cut its growth forecast for the current fiscal year which signalled that it will hold on to the current trend of its monetary policy at least for the time...

June Inflation Rate In United States Highest In 13 Years

Supply side constraints and a continued revival in the costs of travel-related services after the depressed costs during the pandemic pushed June inflation levels in the United States to a 13 year record high even as the country’s economy continues to strongly rebound from the pandemic. ...

EU Postpones Its Own Tax Plan After US Pressure And G20 Endorsing Wider Global Tax Plan

After facing pressure from the United States administration, a corporate tax plan for the bloc was delayed by the European Union. This decision was also influenced by its intention to facilitate a broader global tax deal.   However its criticisms of the wider tax reform were reiterated by EU...

Net-Zero Climate Alliance Launched By Major Insurance Firms

An alliance has been created by eight of the leading insurance and reinsurance companies of the world. Launching the alliance, the companies said on Sunday that this new entity will work for speeding up the process of transition of the economy towards achieving net zero emissions.   ...

US Treasury Secretary Yellen Says Multinationals Tax Deal Not Likely Before 2022

A newly approved mechanism that will give the opportunity for more countries to tax large, highly profitable multinational companies might take as long as spring 2022 to be ready for discussions by lawmakers, said the US Treasury Secretary Janet Yellen on Sunday.   The OECD re-allocation of...

Invesco: two-thirds of central banks consider climate issues to be their responsibility

63% of central bankers believe climate change issues are within their remit, Invesco reported in a survey of 141 central bank and sovereign wealth fund executives. According to the survey, 45% of central bank governors believe that addressing the effects of climate change should be a monetary...
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