Daily Management Review
Economics

Attacks On Red Sea Shipping Put Stress On China's Exporters As Expenses And Delays Rise

The viability of Chinese businessman Han Changming's trade operation in the eastern province of Fujian is in jeopardy due to disruptions to Red Sea freight.   Han, who buys off-road vehicles from Europe and exports Chinese-made automobiles to Africa, told Reuters that the cost of...

Discussions At Davos Dominated By Generative AI As Businesses Prioritize Accuracy

At the World Economic Forum, the emergence of generative artificial intelligence has dominated both private and public discourse as the biggest tech corporations in the world—such as Microsoft, Google, and Salesforce—take over local businesses in a temporary move intended to intimidate conference...

Analysts Predict China May See Additional Chip Restrictions In 2024

To restrain the China’s chip technology, countries like the United States and the Netherlands may continue to restrict Asian powerhouse's exports of semiconductors, according to analysts.   The Netherlands prevented ASML, a Dutch manufacturer of semiconductor equipment, from shipping certain...

IMF: Global banking system feels good, but risks in the US and China persist

According to Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF), there are risks for certain institutions in the US and China, but overall, the financial system is holding up very well in the face of rising interest rates and continuous wars throughout the world....

OPEC Continues To Project Oil Demand To Rise Through 2024 And In 2025

OPEC maintained its estimate that the world's oil demand will expand reasonably quickly in 2024 and predicted an earlier-than-usual "robust" increase in oil consumption in 2025, driven primarily by China and the Middle East.   In a monthly study, the Organisation of the Petroleum Exporting...

China's GDP adds 5.2 percent in 2023

The gross domestic product (GDP) of China increased by 5.2 percent in 2023 compared to the official estimate, according to figures released by the State Statistics Bureau on Wednesday. "According to preliminary data, China's GDP for the three quarters of 2023 totaled 126.058 trillion yuan ($17.698...

Industries Most Vulnerable To Disruption From Assaults In The Red Sea

Due to continuous attacks in the Red Sea by Iran-backed Houthi terrorists in Yemen, which have impeded the flow of cargo through the vital Suez Canal commerce route, multinational corporations are facing an increase in supply bottlenecks.   In the first obvious indication that the attacks...

Despite Industry Pressure, Tobacco Consumption Worldwide Is Declining

According to the World Health Organisation, the percentage of persons who smoke worldwide has decreased over the past generation, from one in three in 2000 to one in five today.   The decline occurs in spite of what the U.N. global health agency said to be Big Tobacco's continuous attempts...

Goldman Strategists Believe Shares Of Consumer Staples And Small Caps Are Valuable

According to Goldman Sachs strategists on Tuesday, there may be pockets of value in the increasingly pricey U.S. stock market among small-cap stocks and shares of consumer staples companies.   The S&P 500's recent run has brought it dangerously close to a new record high, but it has also...

Tech Job Losses Persist Following The "Year Of Efficiency"

Although the "Year of Efficiency" for Big Tech may have ended, recent layoffs at Google and Amazon suggest the companies will continue to reduce staff in 2024 as they make significant investments in generative AI.   This year, according to analysts and industry experts, layoffs will likely...
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