Daily Management Review
Economics

Draghi defends the ECB’s monetary policy

Head of the European Central Bank (ECB), Mario Draghi, spoke in favor of incentive measures, saying that young people will benefit from the revival of growth in the euro area, reports Bloomberg. The soft monetary policy of the ECB helped to ease the problem of inequality in the region, which is...

Brexit will hit the UK fruit and vegetable industry

Last summer, UK residents voted to "stop feeding the EU", meaning to finance a number of joint projects. Now, however, it turns out that it is the EU that feeds the UK: the British are forced to deny themselves fruit because of rising prices. Оne year ago, on June, 23, inhabitants of the Great...

Global CFOs Says Fear Of An Imminent Trade War With Germany Sparked By Trump's Blunt Language

According to a new survey conducted by CNBC, fears that a trade war could be forthcoming has been ignited by a war of words between U.S. President Donald Trump and German Chancellor Angela Merkel in recent weeks.   As stark differences regarding climate, trade and defense...

Trillions Could Be The Cost Of China's Plan To Develop Asian Infrastructure, Right Now There's Enough Money

Representatives from Beijing said in New York last week that China’s flagship One Belt, One Road infrastructure program has far from enough financing right now.   Similar to the ancient "Silk Road" that connected Asia with Europe, an ambitious initiative to build a network of infrastructure...

Did oil companies spend billions in vain?

ExxonMobil and its colleagues risk wasting $ 2.3 trillion on oil projects that will not be needed if the world reaches peak demand for hydrocarbons over the next decade, OilPrice writes. A new report from The Carbon Tracker Initiative analyzed what will happen if the oil market sees a peak demand...

‘House of Nakamoto’: The Story Of First Bitcoin Store In The World

The first Bitcoin store ever offers various range of products besides a “Bitcoin ATM”. “House of Nakamoto” based in Vienna is the first “Bitcoin Store” which was founded by Magdalena Isbrandt, who recounted her discovery of Bitcoin, saying: “I studied in Beijing, and after graduation, I worked at...

Newcomers Challenge Airbus-Boeing Duopoly, Beyond Air Show

The duopoly of Airbus and Boeing will be forced to share the stage at future shows as newcomers from Russia, China and Japan muscle into the passenger plane market even though this year's Paris Air Show was dominated by the annual order battle between the two largest aircraft manufacturing...

CBI’s Survey Reports Britain’s Strongest ‘Export Order Growth’ In ‘22 Years’

It’s an opportunity to rejoice for the BoE members in support of interest rate hike in Britain given the country’s manufacturing sector’s performance. Within a span of almost three decades, the orders are flowing at the “highest level” at present in the British factories, reveals a monthly survey...

Faroe Islands are drumming up interest among oil investors

Oil companies are interested in renewing the search for oil and gas in almost unexplored seas near the Faroe Islands, which are located close to the British North Sea, Head of the Faroe geological service said, Reuters reports. There were no economically feasible discoveries on the Faroese shelf,...

Macquarie’s Oil Research Chief Predicts That OPEC Agreement Will Collapse Next Year

The head of European oil and gas research at Macquarie has warned that beyond February 2018, the OPEC-led production cut agreement that was extended last month is unlikely to survive that date.   Ian Reid told during a TV interview on Thursday that the key question was whether they could...
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