Daily Management Review
Economics
EC: Cost of supplies from Asia increased by 400% due to attacks in the Red Sea

EC: Cost of supplies from Asia increased by 400% due to attacks in the Red Sea

The escalation in the Red Sea has resulted in a 10-15 day increase in delivery times from Asia to Europe, according to European Commissioner for Economic Affairs Paolo Gentiloni. Transport expenses have increased by 400%. "Due to the redirection of shipments from the Red Sea, delivery times between...
US January Wholesale Prices Increase More Than Anticipated, Which Is Another Indication Of Ongoing Inflation

US January Wholesale Prices Increase More Than Anticipated, Which Is Another Indication Of Ongoing Inflation

According to a US Department of Labour data released on Friday, wholesale prices in the US increased more than anticipated in January, further clouding the picture of inflation. The largest increase since August was recorded by the producer price index, which tracks the prices paid to domestic...
Key Policy Rate Kept Unchanged By China Central Bank In The Shadow Of The US Federal Reserve

Key Policy Rate Kept Unchanged By China Central Bank In The Shadow Of The US Federal Reserve

While rolling over medium-term loans that were about to mature, China's central bank kept a key policy rate steady on Sunday as was predicted. Beijing's monetary policy options are limited by the Federal Reserve's unclear future. Beijing is maintaining economic support at a time when indications...
Unperturbed By Recession, BoJ Leaves April Policy Change On The Table

Unperturbed By Recession, BoJ Leaves April Policy Change On The Table

Despite the economy entering a recession, the Bank of Japan is expected to remove negative interest rates in the next months, according to reports quoting information from people familiar with its plans. However, because of the country's poor demand, they may wait to take action until they have...
UK Consumers Are Spending More, Indicating A Speedy End To The Recession

UK Consumers Are Spending More, Indicating A Speedy End To The Recession

With consumers resuming their spending habits in January, British retail sales surged at their fastest rate in over three years, indicating that the economy may rebound swiftly from the recession that it entered in the latter part of last year. Sales volumes rose 3.4% from December,...
IMF: Debt levels in many countries hit record highest in 50 years

IMF: Debt levels in many countries hit record highest in 50 years

IMF: Debt levels have reached their highest points in half a century in a number of nations worldwide. The International Monetary Fund's (IMF) Research Department deputy director, Antonio Spilimbergo, stated that debt levels are currently at their highest points in half a century in many countries....
World Bank: Ukraine needs $486bn to rebuild over the next decade

World Bank: Ukraine needs $486bn to rebuild over the next decade

The World Bank said in a joint statement posted on its website that the UN, EU, Kiev, and others estimate the cost of reconstructing Ukraine over the next ten years to be $486 billion, up from $411 billion last year. "Following nearly two years of Russia's full-scale invasion into Ukraine, the...
With The Chinese Economy Slowing, Some Youth Choose To Forego Corporate Careers In Favour Of "Me Time"

With The Chinese Economy Slowing, Some Youth Choose To Forego Corporate Careers In Favour Of "Me Time"

Chu Yi, who is opting to "lie flat"—a Chinese euphemism for people who work just enough to afford to spend their time on what they enjoy—is faced with dwindling job opportunities as the economy slows down. The 23-year-old, who is currently residing in Shanghai, was employed by a fashion company...
Japan Economy Slips Into Recession Unexpectedly Making Germany The Third-Biggest Economy Of The World

Japan Economy Slips Into Recession Unexpectedly Making Germany The Third-Biggest Economy Of The World

Unexpectedly entering a recession at the end of the previous year, Japan lost its position as the third-largest economy in the world to Germany, casting doubt on the timing of the central bank's decision to cease its ultra-loose monetary policy that had been in place for ten years.   A...
Rate Cut Reconsideration Creates Chaos In World Markets

Rate Cut Reconsideration Creates Chaos In World Markets

Wednesday saw difficulties on Asian markets as traders reduced their expectations for interest rate reduction by the Federal Reserve later in the year and the implications for central banks around the world.   Market pricing for 2024 rate cuts has dropped from approximately 160 basis points...
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