Daily Management Review
Economics

Chinese authorities require telecom operators to abandon foreign chips

The Wall Street Journal reports that the biggest telecom service providers in China are now required by law to discontinue their use of foreign processors. The relevant directive was issued earlier this year by the Chinese Ministry of Industry and Information Technology, according to sources for...

US Consumer Confidence Declines As Predictions For Inflation Rise

Consumer confidence in the United States declined in April, and households projected higher prices for the upcoming year and beyond. These developments probably gave the Federal Reserve more justification to postpone lowering interest rates until September.   The University of Michigan...

ECB keeps all three key interest rates unchanged

After the meeting on Thursday, the European Central Bank (ECB) decided to keep all three of its major interest rates at their current levels. The European Central Bank (ECB) declared in a statement that the deposit rate remained at 4%, the base lending rate at 4.5%, and the rate on marginal loans...

IMF forecasts global GDP growth to slow to 2.8% by the end of the decade

The International Monetary Fund (IMF) forecasts that by the end of the decade, global economic growth will slow down to 2.8% annually. The circumstances could alter due to structural reforms or technological advancements. "In the absence of major technological advances or structural reforms, we...

US' Yellen Says China's Imports Are Destroying Nascent Businesses In The US

Janet Yellen, the U.S. Treasury Secretary, concluded four days of discussions pushing Beijing to limit surplus industrial capacity on Monday. She cautioned China that Washington will not tolerate new industries being destroyed by Chinese imports.   At a press conference, Yellen declared that...

Global chip sales in February grow the most in almost two years

In February, global chip sales reached $46.17 billion, up 16.3% from $39.7 billion in the same month the previous year, according to a Semiconductor Industry Association (SIA) press release. They did, however, decline 3.1% from January. According to SIA President and CEO John Neuffer, who was...

According To Biden, The US Economy Is The Best In The World. Trump Refers To It As A "Cesspool." But The Data Is Open

US President Joe Biden is battling to persuade citizens who are weary of inflation that the US economy is doing well.   He made a statement that is essential to his reelection campaign on Monday, telling NBC's "TODAY" that "America has the best economy in the world."   The United...

ECB may start cutting rates ahead of the Fed

Since inflation in the eurozone is slowing down sooner than anticipated, the European Central Bank may begin loosening monetary policy before the U.S Federal Reserve, writes the Financial Times. In the eurozone, the rate of increase in consumer prices in March decreased from 2.6% in February to...

Inflation in Turkey rises to 68.5%

The Turkish National Statistical Institute released data on inflation in the nation. The rate of inflation in March of this year was 68.5%.  This year's inflation rate in February was 67.1%, which was somewhat less. The price rises in the hotel sector (+5.6%), catering (3.9%), and education...

Markets Await The Aftershock In Tech Supply Chain Following Taiwan Earthquake

A stress point in the global supply chain has been affected by the largest earthquake to strike Taiwan in at least 25 years.   The chipmaker TSMC produces 90% of its chips on the island; it also opens new tabs. Although its operations are primarily located on the opposite coast from the...
1 ... « 5 6 7 8 9 10 11 » ... 397