Daily Management Review
Economics

Electric cars forecasted to reach prices of fuel cars

The cost of batteries for electric cars has plummeted 89 percent over the past decade, from $1110 to $137 per kilowatt-hour. According to Bloomberg news agency with reference to experts, it means that by 2023, companies will be able to sell electric cars at the same prices at which they sell...

China Clause Should Be Included In US-EU Deal On Aircraft Subsidies, Says USTR: Reuters

There needs to be agreement on cooperation between the United States and Europe for opposing any future “hurtful” subsidies used as a trade strategy by China for build up its commercial aircraft industry, said US Trade Representative Robert Lighthizer in an interview to the Reuters.  ...

US Fed expects solid GDP growth in the second half of 2021

The US Federal Reserve expects solid GDP growth in the second half of 2021, US central bank governor Jerome Powell said. "My expectation - and I think many people have that expectation - is that the economy will perform well in the second half of 2021, people will go back to work, businesses will...

IEA, OPEC cut oil consumption growth forecast

The International Energy Agency (IEA) and OPEC have adjusted their oil demand forecasts. Most of the adjustments in expectations are for 2021, as it has become clear that demand for the fuel will decline while restrictions remain in place. At the same time, oil production will rise: the IEA...

62% Of IMF’s Pandemic Loans Were Given To Countries In Latin America

According to the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, he sixty-two per cent of total lending by the global lender that it has disbursed so far as a response to the novel coronavirus pandemic hit has been given to 21 countries in Latin America which were...

US expects drop in oil production in large oil and gas regions

Oil production in major oil and gas producing regions of the USA, much of the production of which is shale oil, will decrease by 137,000 barrels per day, or 1.8%, to 7.438 million barrels in January 2021 compared to the current month, the Energy Information Administration (EIA) of the country's...

Cuba to abandon two peso exchange systems from January 1

The Cuban authorities have announced the date of a long-awaited reform of the monetary system, which will see the country abandon the practice of using two exchange rates and actually devalue its own currency, with a single currency regime to be applied from 1 January. At the moment, the...

Trade Talks Extended, But UK And EU Also Warn Of A Likely 'No-Deal Brexit'

Even after once again agreeing to extend trade talks beyond a self-imposed Sunday deadline., both the United Kingdom and the European Union warned that it was now likely that there will be a no-deal Brexit.   After the after Wednesday's meeting between European Commission President Ursula...

BOJ Survey Shows Improvement In Business Sentiment In Japan

An improvement in the Japanese business sentiment was recorded in the October-December quarter, marking the second straight quarter of such a development, according to an important central bank survey released on Monday.   According to analysts, this is welcome sing sign for the country’s...

Domestic Smartphone Shipments In China Continue To Drop In Double Digits In November

The month of November extended the double digit decline in the domestic shipment of smartphones in China. There was 17 per cent year on year drop in domestic shipments in the largest smartphone market of the world, showed data from the government released on Thursday.   The government data...
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