Daily Management Review
World & Politics

EC to allocate Germany €225.6 million to take over Russian Gazprom's subsidiary

The European Commission (EC) has authorized Germany to receive financial assistance of €225.6 million to support Russian Gazprom's former German subsidiary SEFE GmbH. According to the EC, this sum will enable the German government to fully nationalize SEFE by purchasing all of its shares. The EC...

India Is Not Subject To A Price Cap And Can Purchase As Much Russian Oil As It Desires, Says US Treasury Secretary

According to U.S. Treasury Secretary Janet Yellen, India is welcome to continue purchasing as much Russian oil as it likes, even at prices above a G7-imposed price cap mechanism, as long as it stays away from Western insurance, finance, and maritime services that are subject to the cap.   In...

Island Countries Demand Payment From China And India For Climate Damage

The prime minister of the island nation of Antigua and Barbuda said on Tuesday that highly polluting emerging economies like China and India should contribute to a climate compensation fund to aid nations in rebuilding after disasters brought on by climate change.   The remarks marked the...

Russian Businessman Prigozhin Admits Meddling In American Elections

Yevgeny Prigozhin, a Russian businessman who Washington accuses of trying to sway American politics, admitted on Monday that he had meddled in American elections and would do so in the future.   Prigozhin stated the following in remarks published on VKontakte, Russia's version of Facebook,...

Spanish transport workers to start a strike

The RTVE news agency reported on Monday that transport workers in Spain will begin an indefinite strike on November 14. The National Platform in Defense of the Transport Sector, whose members are upset over increasing fuel costs, organized this event. They state that a provision requiring carriers...

US urges other countries to review energy supply chains

In light of the crisis surrounding Ukraine, the USA has pushed other nations to reevaluate their energy supply chains and has stated that it is prepared to serve as a "reliable provider" of raw resources. This declaration was made by Jennifer Granholm, the US Secretary of Energy. "The time has...

UNICEF: Quarter of global population has no access to clean drinking water

26% of the world's population lacks access to clean drinking water, according to the WHO and the UNICEF. Currently, 26% of the world's population - or almost one-fourth of all people - lack access to clean drinking water, shows the WHO and the UNICEF joint report. Only 74% of the world's...

Pantheon Macroeconomics forecasts 20% decline in U.S. home prices

Rising mortgage costs and higher Fed interest rates are lowering U.S. house demand, which might cause prices to drop 20% next year, according to Ian Shepherdson, the head economist at the research firm Pantheon Macroeconomics, as quoted by CBS Television. "Up until the beginning of next year, we...

UN GA adopts resolution not recognizing newly held referendums in Russia

A resolution passed by the UN General Assembly denies legitimacy to referendums held in Russia's new regions. European countries and the US had previously produced a resolution that asks for all nations, international organizations, and specialized UN agencies not to accept results of referendums...

IMF allocates $1.3 billion in financial support to Ukraine

The International Monetary Fund (IMF) Executive Board has given its approval for Ukraine to receive $1.3 billion as part of a fast-track funding instrument. The funds will be utilized to finance necessities related to the balance of payments, including food. The IMF states that the conflict in...
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