Daily Management Review
Economics

Stronger-Than-Average Growth For UK Business, Says CBI Report

Even though the United Kingdom economy was hit by wide-ranging disruption to supply chains, the economy managed to clock a small degree of momentum, growing at more than average speed in the three months to the end of October, according to a report by the Confederation of British Industry (CBI) on...

Historic Corporate Tax Deal Approved By G20 Leaders

The leaders of the twenty largest economies of the world have agreed to a worldwide deal that would see huge corporations' earnings being taxed at a rate of at least 15 per cent.   This new global corporate tax regimen comes as a result of concerns that multinational firms are re-routing...

Chevron CFO Says Inflated Oil Prices Unlikely To Last For Long

According to Chevron's chief financial officer, high oil prices are unlikely to last for long.   "This feels more cyclical than structural," Pierre Breber, the CFO of Chevron, the No. 2 oil company of the United States, said in a phone interview to CNN.   "We view these prices as...

With Oil Racing Toward $100, India, US And Japan Tell OPEC+ Enough Is Enough

Oil-consuming countries have grown more concerned by crude oil’s rebound in the last year with its prices rising to $50 a barrel, then to $75, and currently at more than $85.   The alarm bells started ringing when Vladimir Putin, one of the OPEC+ cartel's leaders, warned that $100 a barrel...

Facebook Rebranding To Focus On Metaverse Pushes Up Shares Of Meta Platforms

Following the announcement of the social media giant Facebook on Thursday of rebranding itself and changing its corporate name to develop the "metaverse", a shared virtual environment, the stock price of Meta Platforms Inc rose only marginally in premarket trading on Friday.   The new name...

ECB In A Dilemma As Growth As Well As Inflation Soars In Euro Zone

The European Central Bank now had a tough decision to take a policy call because the growth of the euro zone economy throughout the summer was quite robust as economic activity continued to recover following the coronavirus outbreak, but at the same time inflation is outpacing predictions.  ...

US Economic Growth Dragged Down By Chip Woes Faced By Detroit Car Makers

The slump in the performance and production of the auto sector of the United States so far this year is more than a big issue for Detroit because it has turned out to be a major issue for the American economy.   During the third quarter, America’s growth in gross domestic product slipped to...

Analysts: The US economy is slowing down

The US economy slowed down sharply in the third quarter. Had the economy grown at the same rate all year round, the figure would have been just 2% - down from 6.7% in the second quarter and 6.3% in the first. On a normal annualised basis, growth was 4.9% - down from 12.2% in April-June and 0.5% in...

Covid-19 ‘Vaccine Justice’ Demand By ILO Ahead Of G20 Summit

The recovery of the global economy will be significantly slower than expected unless the leaders of the world follow the universal availability of Covid-19 vaccines and end the so-called 'vaccine apartheid,' according to Guy Ryder, Director-General of the International Labour Organization (ILO)....

US Economic Growth In Third Quarter Likely Slowed Down Due To Delta Variant

With Covid-19 infections spreading throughout the globe as well as in the United States, there was straining in the global supply chains and resulting in shortages of items like vehicles. That potentially led the US economy to grow at its slowest pace in more than a year in the third quarter....
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