Daily Management Review
Economics

Analysts: Oil exporting countries are counting losses

Exports of the G20 countries in January – March 2020, when quarantine restrictions were just beginning to apply in most countries, has already decreased by 4.3% compared to the previous quarter, OECD data show. World trade in general, according to Euler Hermes estimates, dipped 2.5% in the first...

EU Outlines Plans For A Massive Rescue Stimulus Package

A huge stimulus package plan worth 750 billion euro was announced by the European Union’s executive arm to support economies that have been battered by the novel coronavirus pandemic. EU executives hope that this package will also bring to an end all squabbling over how to fund a recovery that was...

Asymmetric alliances between small innovative businesses and large companies

A strategic alliance can be described as asymmetrical when it involves cooperation between two companies with marked differences in terms of size, portfolio of resources and market position. Although such asymmetric relationships are becoming more frequent, they have not been widely studied and...

Venezuela teams up with UN program to send part of its gold reserve to fight COVID-19

Venezuela has entered into an agreement with the United Nations Development Program (UNDP) to channel some of the republic’s gold reserves held by the Bank of England to supply food and medicine necessary to fight the coronavirus pandemic, Reuters reported with reference to Head of the Central Bank...

IEA expects global energy investment cuts

Global energy investment in 2020 will fall by one fifth (20%), or almost $ 400 billion, compared to 2019 due to the COVID-19 pandemic. It will be the largest decline in history, according to a new annual report by the International Energy agency World Energy Investment 2020 (WEI 2020). The oil...

Bank of Canada: Economic recovery will require significant stimulus

Bank of Canada intends to provide significant stimulus to the economy for the foreseeable future to help the country recover from the damage caused by the novel coronavirus pandemic, the Governor of the Bank of Canada Stephen Poloz said this on Monday. He is confident that the Canadian economy is...

Second Infection Wave Fear Grip Investors As Global Economy Begin To Reopen

Failure to arrive at a COVID-19 treatment could prove a bit global economic “tripping point”. Last week, the indexes of S&P 500 as well as Dow Jones slumped as investor expect to face “a second wave of coronavirus infections” as many of the countries decide to reopen their economy. In fact,...

German economy shows record fall in January-March

In the first quarter of 2020, the German economy contracted by 2.2% compared to the fourth quarter of 2019, according to the final data of the Federal Statistical Agency of Germany (Destatis). The fall in the country's GDP was the highest since the first quarter of 2009. In annual terms, the fall...

Trump Urged By US Business Groups To Allow Visas For Skilled-Worker Amid Pandemic

There will be negative economic consequences for the United States if the US President Donald Trump goes ahead and implements his planned restrictions on temporary work visas to the country, warned a range of business groups in an 11th-hour appeal to Trump. The business groups said that if skilled...

Argentina Defaults On Debt, Negotiations With Creditors For Debt Restructuring Ongoing

Crisis hit South American economy of Argentina defaulted on payments on about $500 million of bonds coupons on Friday, whose payments had already been delayed. According to reports from creditors and a ratings agency, this is the ninth sovereign debt default by the country.   The country has...
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