Daily Management Review
Economics

Philip Morris plans to stop producing conventional cigarettes in the future

According to Markus Essing, head of the group's German branch, the company wants to provide customers with less damaging alternatives. Tobacco corporation Philip Morris plans to eventually stop producing traditional cigarettes and provide smokers with healthier options, told the company's German...

Headline Inflation In The UK Falls Significantly In July To 6.8% As Had Been Predicted

The headline inflation rate in the United Kingdom fell significantly in July to an annual 6.8%, but the core CPI stayed steady, potentially giving the Bank of England a headache.   The headline CPI result, which came after June's lower-than-expected 7.9% reading, was in line with the...

As Negative Risks Increase, China May 'Miss The 5%' Growth Target For 2023

Without additional assistance, economists believe China will gradually miss its 5% growth goal for this year.   The nation stopped publishing data on youth unemployment on Tuesday after it reached record highs recently. Other figures for July indicated a general slowdown, made worse by the...

FT: EU attracted half as much environmental investment in a year as the United States

According to the newspaper, Europe invested $8.7 billion in clean energy and electric vehicle startups, but the United States designated more than $21.7 billion for comparable initiatives. After the U.S. Inflation Reduction Act (IRA) was passed, European companies engaged in the development of...

Unexpected Rate Cut By The Chinese Central Bank Are Made To Help The Economy

China's central bank unexpectedly reduced key policy rates for the second time in three months, providing more evidence that policymakers are stepping up their monetary easing initiatives to support the economy's faltering recovery.   Analysts claimed that the action created the possibility...

New Home Prices In China Decline For The First Time This Year, Which Is Bad For The Economy

In July, new home prices in China decreased for the first time this year. This is only the latest in a spate of unfavourable reports that indicate a rapid loss in the general economic momentum and highlight the need for more aggressive policy support to boost activity.   Reuters estimates...

FT: Drought in Panama Canal region results in idling of LNG tankers

Waiting times have climbed from eight to 18 days since July 10, according to shipping company Norton Lilly. The Panama Canal shoaled during the rainy season due to severe drought, and LNG tankers idled for an extended period of time, writes The Financial Times. The wait time for LNG tankers in...

China Lowers Key Rates As July's Dismal Set Of Data Clouds The Outlook For The Economy

A wide range of Chinese data released on Tuesday showed that there was increased pressure on the economy from several directions. As a result, Beijing slashed key policy rates to assist activity, but economists believe that additional support is still needed to revive growth.   China's...

Japan's Second Quarter GDP Surpasses Expectations As Exports Soar

In April through June, Japan's economy expanded considerably more quickly than anticipated thanks to brisk auto exports and tourist arrivals, which lessened the negative effects of a sluggish post-COVID consumer recovery, despite the likelihood of a worldwide recession casts doubt on the future....

SCMP: China squeeze Western companies out of Africa's biggest infrastructure projects

Chinese contractors have received approximately 31% of contracts worth $50 million or more to build similar projects in Africa in 2022, according to the South China Morning Post. The largest infrastructure projects in Africa were built by Chinese contractors, who had to compete with Western firms...
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