Daily Management Review
World & Politics

Saudi Aramco chief warns of social unrest over rapid oil abandonment

The world will face high inflation and popular unrest because of abandoning fossil energy sources too quickly, the Saudi Aramco chief warned. He said nations should invest in production in the coming years for a smoother energy transition. Saudi Aramco chief Amin Nasser urged world leaders to...

US Department of Energy urges major companies to contribute to clean energy transition

A global clean energy transition will not be possible unless the world's biggest companies step up and become part of the solution, US Deputy Energy Secretary David Turk has said. "I believe we will not succeed unless key companies step up their efforts and become part of the solution to this...

Greece introduces €100 fine for unvaccinated elderly citizens

Greece has introduced fines for elderly residents who have not been vaccinated against the coronavirus. From mid-January, those who refuse to be vaccinated against COVID-19 will be facing a €100 fine each month. Greek authorities have decided to introduce €100 fines for residents over the age of 60...

Thai authorities set to develop crypto-tourism

Thai authorities plan to issue digital tokens for tourists. With the help of wealthy travellers, Thailand hopes to rebuild the tourism industry after the coronavirus restrictions. Head of the Tourism Authority of Thailand (TAT) said his agency is working with national regulators and a local...

EU may close flights from southern Africa due to new strain of coronavirus

Following the discovery of a new COVID-19 strain in southern Africa, European Commission President Ursula von der Leyen has stated that the EU would consider restricting flights from that region to the EU. The strain in question is B.1.1.529, which, due to its enormous number of mutations, may be...

Japan plans to expand list of areas of employment for foreigners in 2022

Japan's immigration authorities plan to expand the list of fields of employment for foreign workers in 2022, in which their stay in the country will not be limited to five years as it is now, and will also open the possibility to invite family members to join them, the Nikkei newspaper wrote. In...

European Commission improves global GDP growth forecast for 2021

The EC improved GDP growth expectations on the global scale for this year to 5.7% from May's 5.6%, the EC's autumn forecast states. The estimate for 2022 is raised to 4.5% from May's 4.3%, with growth of 3.5% expected in 2023. The growth outlook for developed economies stays strong at 5.4% in...

Macron: France will resume building nuclear reactors

France will resume building nuclear reactors for the first time in decades, French President Emmanuel Macron said. "We need to save energy and invest in low-carbon energy to guarantee France's energy independence... We intend, for the first time in decades, to resume building nuclear reactors in...

US watchdog approves COVID-19 vaccination of children aged 5 to 11

The director of the US Centers for Disease Control and Prevention (CDC), Rochelle Walensky, has approved a recommendation allowing children aged 5 to 11 years to be vaccinated against COVID-19, according to the institution's website. The vaccination uses a paediatric version of the Pfizer/BioNTech...

UK and New Zealand agree on a free trade deal

The UK and New Zealand have reached agreement in principle on the terms of a future free trade agreement, according to the Office of the British Prime Minister. The agreement will remove tariffs on British exports, provide new opportunities for technology and services companies, and make it easier...
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