Daily Management Review
Economics

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...

Licenses To Supply Auto Chips To Huawei Approved By The US: Reuters

License applications that have sought permission to buy chips for the growing auto component business of China's blacklisted telecom company Huawei, worth hundreds of millions of dollars were approved by United States officials, said a report published by the news agency Reuters.   The trade...

Study Predicts $1.4 Trillion In Dividend Payouts For 2021 Which Is Close To Pre-Pandemic Levels

There would likely be a stronger recovery of the global economy than expected as a new report from British asset manager Janus Henderson suggested that the total dividends that are to be paid to investors in 20201 could hit $1.39 trillion.   The report found that this forecast for dividends...
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