Daily Management Review
Economics

Global chip sales growth in August hit the highest in 2.5 years

According to a press release from the Semiconductor Industry Association (SIA), global semiconductor revenue increased by 20.6% to $53.12 billion in August, rising from $44.04 billion in the previous year's same month. This is the greatest increase since April 2022. In August, there was a 3.5%...

Norway joins the EU sanctions against Belarus

According to the Norwegian Foreign Ministry website, Norway has become a part of the EU sanctions towards Belarus. The latest sanctions mirror the actions the EU imposed on Belarus on June 29, 2024. The sanctions are broad and impact various parts of the Belarusian economy, such as trade, services,...

ECB's Potential Rate Cuts Reflect Broader Central Bank Trends Amid Global Economic Challenges

The European Central Bank (ECB) is expected to announce interest rate cuts on October 17, highlighting a shift in monetary policy driven by weak economic growth and the potential for inflation to fall below its 2% target. This insight comes from Francois Villeroy de Galhau, the Chief of the French...

Navigating U.S. Job Market Resilience: An Analysis Of Recent Employment Trends And Economic Implications

In September, the U.S. job market demonstrated remarkable resilience, posting significant gains that highlight the underlying strength of the economy. Nonfarm payrolls surged by 254,000, the highest increase in six months, while the unemployment rate dipped to 4.1%. This performance raises critical...

China's Property Market Sees Signs Of Recovery Amid Stimulus Measures During National Day Holiday

In recent years, China's real estate market has faced significant challenges, primarily due to regulatory crackdowns and shifting economic dynamics. The property sector, once a cornerstone of the economy—accounting for approximately 25% of China's GDP—has struggled under the weight of increasing...

Barclays: Quotes of European carmakers have bottomed out

The value of stocks of European auto companies has dropped significantly in recent months due to worsening financial predictions, but now they have hit rock bottom and are poised for a comeback, as stated by a team of analysts from British bank Barclays headed by Henning Cosman. They mentioned that...

Bank of England believes global markets are vulnerable to the risk of a sharp correction

Bank of England analysts believe that global asset prices are still too high and may experience major drops due to increasing worries about geopolitical risks. Valuations for various asset categories, especially stocks, have rapidly increased back to high levels after dropping in August. The...

EU condemns Iran attack on Israel, fears risk of regional war

Josep Borrell, EU High Representative for Foreign Affairs, expressed worries about the possibility of a widespread conflict in the Middle East and stated that the EU disapproved of the Iranian missile strikes on Israel. “The EU strongly denounces Iran's attack on Israel. There is a risky pattern of...

Japan Leads Cross-Border M&A Surge In Asia-Pacific Amid Shifting Economic Landscape

Cross-border mergers and acquisitions (M&A) in the Asia-Pacific region have seen a significant revival this year, particularly in Japan, as companies adjust to higher interest rates and seek new growth opportunities. With political stability returning to key markets, businesses are capitalizing...

China’s Struggles With Domestic Demand Highlight Broader Economic Challenges

China's economy continues to face significant headwinds as factory activity shrank for the fifth consecutive month in September, and the services sector experienced a sharp slowdown, underscoring the need for more aggressive stimulus measures. Despite Beijing’s recent stimulus efforts, the data...
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