Daily Management Review
Economics

Fears Of A Recession Returns As Euro Zone Business Slowdown Worsens

Business activity in the euro zone shrank significantly more than anticipated in July as demand fell in the major services sector of the union and factory output decreased at the highest rate since the beginning of COVID-19, according to a survey.   The euro zone's two largest economies,...

Wheat price up 12 per cent after Ukraine grain deal ends

The price of September wheat futures on the Chicago Mercantile Exchange has surged by 12.3% as the grain deal was terminated. Wheat cost $6.54 per bushel when the grain agreement was dissolved on July 17, but as of Monday, July 24, was already $7.34 per bushel. The price of wheat on the market...

The "Barbie" Movie Rekindles Interest In The Market For Doll Collectors

In the 1970s, Matthew Keith used his allowance money to purchase his first Barbie dolls, which he kept from his parents out of concern that they would criticise the toys as being insufficiently masculine.   His Barbie collection, which is currently housed on 22 feet of bookcases in his Los...

G20 Bloc Is Unable To Agree On Reducing The Use Of Fossil Fuels

Following protests from several producer nations, the Group of 20 (G20) major economies' conference in India on Saturday was unable to come to a consensus on the gradual phase-out of fossil fuels.   Even as catastrophic weather from China to the United States highlights the global climate...

Price hikes in 2023 expected to hit record high in Japan

Price increases affected over 30,000 items. The rate of price rises in Japan in 2023 will be greater than that in 2022 and will be at an all-time high, as shown in a report released by Teikoku Databank, the nation's top statistical agency. More than 30,000 products had already seen price...

Dead EV Batteries Become Valuable Thanks To US Subsidies

Companies in the United States are rushing to recycle electric vehicle batteries in North America due to a little-known provision in the U.S. Inflation Reduction Act, putting the continent at the head of a worldwide race to challenge China's hegemony in the sector.   The IRA has a provision...

North Korea’s foreign trade volume grows 122.3% in 2022

In comparison to 2021, the DPRK's international trade volume increased by 122.3 percent to $15.9 billion in 2022, shows a study on North Korean foreign trade released on Thursday by the Korea Trade Promotion Corporation (KOTRA). "The improvement in COVID-19 as well as the resumption of trade...

Bitcoin's correlation with S&P 500 falls to three-year low

Binance Research: Bitcoin's correlation with the S&P 500 index has reached a three-year low. According to the cryptocurrency market report for the first half of 2023 from Binance Research, the correlation of Bitcoin's value with the traditional finance market (S&P 500 index) has fallen to its...

Though Japan's Inflation May Have Peaked, The BOJ's Stance Is Not About To Alter

Data indicated that although Japan's core inflation remained over the central bank's 2% target in June for the fifteenth consecutive month, an index that excludes the impact of energy costs declined, suggesting that the extended commodity-driven pricing pressures may have reached their peak....

Crypto Stolen By North Korean Hackers After Breaching A US Tech Firm

According to the company and cybersecurity specialists, a hacking organisation supported by the North Korean government infiltrated an American IT management company and used it as a launching pad to attack bitcoin companies.   JumpCloud, based in Louisville, Colorado, stated in a blog post...
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