Daily Management Review
Economics

Fitch improves global economy forecasts, expects steady recovery

Coronavirus vaccination will significantly improve the situation with the pandemic by mid-2021, after which economic recovery will be more confident and social distance standards are likely to be lifted in 2022, according to an updated macro forecast from Fitch. In the third quarter of 2020, the...

Britain Could Abandon Brexit Trade Talks, Says Prime Minister Boris Johnson

Just a day after agreeing to meet the head of the European Commission in what is being described to be a last minute effort to strike a Brexit trade deal with the European Union, British Prime Minister Boris Johnson said on Tuesday that the trade talks could be abandoned by his country.  ...

EU decides to exempt COVID-19 vaccines and tests from VAT

The Council of the European Union has allowed the member states to temporarily exempt coronavirus vaccines, infection tests and other goods required for vaccination from value added tax (VAT). This is reported on the Council's website. "The Council of the EU has approved amendments to the Single...

No Brexit Trade Deal Yet As Issues Remain Between EU And Britain

The negotiations on a Brexit trade deal between the United Kingdom and the European Union hangs by a threat just 24 days prior to the end of the transition period even as the EU tried to secure a deal at the last minute by bridging significant differences between the two parties so that a...

OPEC+ agrees to revise oil quotas every month

The OPEC+ countries, which spent the last week arguing over the level of new production quotas in 2021, reached a brief agreement at a meeting on 3 December. According to the deal approved in April, OPEC, Russia and a number of other major oil producers are reducing production to balance the market...

Sharp Shrinkage In Euro Zone Business Activity In November: PMI

With government across the European Union and other parts of the euro zone reimposing strict lockdown measures in their efforts to try and stop the spreading of a second wave of the novel coronavirus pandemic, there was a sharp contraction in economic and business activity in the euro zone last...

EU Hopes Biden Administration Of US Will Clarify Digital Tax Position In 2 Months

The official position of the United States on the question of digital taxation will be made clear by the incoming administration of Joe Biden within a period two months of taking over the White House, hopes the European Union, said reports quoting a source in the French Finance Ministry on Monday....

Japanese companies demand more renewable energy

Japanese companies are threatening the country's government to export their production because the renewable energy industry is too underdeveloped. The move will be a forced measure: foreign partners are putting pressure on business. Representatives of several Japanese companies have complained to...

China Imposed Tariffs On Australian Wine Import Over Diplomatic Grievances?

Canberra viewed the tariffs imposition as “part of a pattern of punitive trade measures” for Australia had called for “an independent inquiry into the origins of the coronavirus”. China imposed “anti-dumping tariffs on Australian wine” while Australia had a defiant reply saying diplomatic...

Bitcoin Leaves Other Cryptocurrencies Behind In Selloff

The drop came followed by the highest level ever touched in two years. On Thursday, November 26, 2020, bitcoin was at the lead for a “broad cryptocurrency” which dropped by “9.7% to $16,933”. The fall was preceded by the highest peak ever touched in two years earlier last week.  ...
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