Daily Management Review
Economics

IATA updates industry loss and recovery forecasts

The International Air Transport Association (IATA) has worsened its forecast for 2020 to $118.5 billion, which is the worst result in the industry's history. At the same time, the IATA is more optimistic than before about the rate of recovery of the industry: according to new calculations, global...

Bitcoin Value Reached Close To Its All-Time High After Surpassing $19,000

The value of the crypto currency bitcoin reached near its all time high on Tuesday after it hit a high of $19,000 whch was laos a first for the virtual currency in three years.   Closing at $18,918, near its all-time record of $19,666, there was a 3 per cent rise in the value of the world’s...

Economic losses from pandemic in Arab countries hit $150B

The economic losses in the Arab States due to the pandemic have exceeded $150 billion, said Ahmed Aboul Gheit, Secretary-General of the League of Arab States (LAS). "GDP in the Arab region is expected to decline by 6%, economic losses are estimated at $150 billion, approximately 17 million people...

US Designates 89 Chinese Firms With Military Ties In New Drafted Sanction List

89 Chinese aerospace and other companies are set to declare to have close ties with eth Chinese military, according to the Trump administration and will be restricting them from acquiring and purchasing a range of goods and technology developed by American companies or individuals, claimed a report...

Taiwan Confident Of Advancement In Trade Deal Under The New Us Administration Of Joe Biden

A bilateral trade agreement between the United States and Taiwan that is being long sort after the later will be supported by the incoming government of US President-elect Joe Biden, which would be a follow up of the high level economic talks with the current Trump administration, said a confident...

G20 Pledges To Work For Affordable And Equitable Distribution Of Covid-19 Vaccine

The worries that the novel coronavirus pandemic could further widen the gap between the rich and poor w3as reflected in the joint declaration of the leaders of the 20 biggest economies of the world in which they said that no effort would be spared for supplying Covid-19 vaccines to “all people” in...

Bank of America: Generation Z will change investment models

Eating meat will become less frequent, and being ashamed to fly planes will become more frequent. Generation Z is changing the world, and investors need to be prepared. When they reach adulthood, this new group - the Zillenials - can squeeze out the famous millennials, support emerging markets and...

Tax Justice Network calculates losses due to tax evasion and their impact on COVID-19 fight

The non-governmental organisation Tax Justice Network (TJN) has issued a report on the losses of the world's governments from tax evasion, the withdrawal of funds and assets to tax havens by companies and individuals. TJN estimates that the unpaid $427 billion is equivalent to the annual income of...

Post-Brexit rollover trade deal struck between Britain and Canada

A rollover trade deal has been agreed to between the United Kingdom and Canada on Saturday which will be instrumental to protect the mutual trade worth $27 billion (£20.32 billion) from additional tariffs after Brexit. The two countries also agreed to begin negotiations on a bespoke agreement next...

WTO Believes G20 Should Back Reforms And Help In Trade Financing For Developing Economies

The World Trade Organization suggested that trillions of dollars in trade financing for developing countries should be provided by the group of 20 major economies so that the developing countries as well as the global economy can be helped to emerge from the economic hit of the novel coronavirus...
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