Daily Management Review
Economics

Islamic banking is trying to conquer Africa

In 2008, the central bank of Ethiopia, known for its conservative views, decided to experiment: it allowed banking activities with no interest. Sharia law prohibits usury, so this step was seen as a desire to introduce financial services in the large and usually ower-income Muslim minority....

LSEG And IBM To Introduce ‘Blockchain Platform’ For Issuing ‘Private Shares’

Experts claim that with the growing phrase, the technology will only get better in shareholder interaction. In a collaborative venture, “London Stock Exchange Group Plc” and the IBM will be building “a blockchain-based platform” for “digitally” issuing enterprises’ “private shares” of medium and...

Forest fires in Canada raised prices for wood

World prices for wood are growing because of forest fires in the Canadian province of British Columbia, which is the world's largest supplier of softwood, The Vancouver Sun newspaper writes. There were more than 375 forest fires in British Columbia this year. Over 37 thousand inhabitants of the...

IFO: refusal from ICE will deprive Germany of 600 thousand jobs

Experts of the Institute for Economic Research of the Federal Republic of Germany spoke out against initiatives to completely ban sales of cars with internal combustion engines by 2030. According to the research, such a measure will deal a serious blow to the German economy. One of the leading...

Unexpected Inflation Slowdown In Britain Surprises Investors Who Look Towards BoE For A Rate Hike

Economists say that “we can expect the calls for a rate rise to reduce to a whimper”. After last October 2016, inflation rates in Britain would were on the exponential growth curve, has unexpectedly “slowed” down last month, whereby giving rise to “expectations among investors” of the possibility...

Cash Is Rapidly Becoming Obsolete In Urban China

In China, an audacious economic phenomenon is taking place.   How China is systematically and rapidly doing away with paper money and coins  is the issue rather than debt, infrastructure spending or the other major economic topics du jour. It has to do with cash.   A smartphone...

In NAFTA Talks, Lowering Of Trade Deficit Made A Priority By The U.S.

The United States has said that its top priority for the talks related to the 23-year-old North American Free Trade Agreement (NAFTA) was shrinking the U.S. trade deficit with Canada and Mexico and thus the country has launched the first salvo in the renegotiation of the trade pact.   By...

China is stepping up the fight against financial risks

Last weekend, Chinese President Xi Jinping said that the country's central bank will play a more significant role in protecting against risks, and called for increased measures to protect the financial system and modernize its regulatory framework, reports Bloomberg. Shares of Chinese companies...

Reuters: Changes in listing in Britain will attract state-owned companies

Proposed changes in the listing in Britain can attract companies with state participation to the London stock markets, as the authorities of oil-rich countries are preparing for a wave of sales, writes Reuters. However, some investors and corporate governance groups say that Britain's move to make...

As Brexit Talks Resume, U.K. Seeks Progress On Citizens' Rights

During the second round of divorce talks starting Monday in Brussels, European Union negotiators have been urged by Brexit Secretary David Davis to push for progress on resolving thorny questions around the rights of citizens resident in each other’s nations.   “We made a good start last...
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