Daily Management Review
World & Politics

Court orders Portuguese bank to return frozen $ 1.5B to Venezuela

The court mandated that Novo Bank start paying the interest that is owed for a delay in 2019. A Portuguese court ordered Novo Bank to pay the interest owed for a delay and unlocked Venezuelan assets worth $1.5 billion that had been blocked by Novo Bank since 2019.  This is reported on the El...

EU and Turkey to discuss renewal of Customs Union

In order to "restore the confidence of European partners and investors," the European Union (EU) and Turkey will talk about upgrading the customs union, according to Bloomberg. Paolo Gentiloni, the European Commission's commissioner for the economy, told the agency that the parties needed to work...

Reuters: Vietnam sets to increase production of rare-earth elements by 470 times

A plan created by the Vietnamese government envisages that the nation will produce 2.02 million tonnes of rare-earth elements annually by 2030, according to Reuters. The output was 4.3,000 tonnes at the year's end. It should therefore grow by almost 470 times in eight years. Vietnam is the...

Turkish President sets to attract $50B of investment from Gulf countries to Turkey

The Turkish president is expected to sign deals in the energy, transportation, and defense sectors during his trip to Qatar, Saudi Arabia, and the United Arab Emirates, reports the Hürriyet daily. Over $50 billion in investment deals are anticipated to be completed during Turkish President Recep...

G7 Nations Ratify A Statement Outlining Ukraine's Long-Term Security Commitments

On Wednesday, the Group of Seven developed countries unveiled a long-term security plan for Ukraine. They also stated that they will try to put reforms into place to assist Kyiv develop "the good governance necessary to advance towards its Euro-Atlantic aspirations."   “We consider Russia’s...

UN: Number of hungry people in the world reaches 735M

The UN estimates that fewer people will go hungry in the world in 2022 than there were in 2021. The organization estimated that 674.6-796.9 million people were hungry in 2021, and 690.6-783.1 million people are expected to be hungry in 2022, according to early figures. Thus, from 738.9 million to...

Experts Estimate That 61,000 Europeans May Have Perished In Last Summer's Heatwaves

According to new research, as many as 61,000 people may have perished in Europe's oppressive heatwaves last summer, revealing that nations' efforts to prepare for the heat are catastrophically failing.   In 35 European countries, from late May to early September 2022—during Europe's hottest...

UAE to boost hydrogen production to 15 million tons per year

In accordance with a new energy policy published by the United Arab Emirates, the nation intends to raise hydrogen production to 15 million tons annually by 2050, said Suhail Al Mazroui, the UAE's minister of energy, made the announcement. By 2031, the United Arab Emirates will create 1.4 million...

US county claims $50 billion from big oil over 'heat dome'

Authorities in the US state of Oregon's Multnomah County are suing 17 oil and gas firms, seeking more than $50 billion in damages for the "heat dome" phenomenon, which has been connected to the deaths of numerous locals. In the summer of 2021, Oregon experienced the "heat dome" climatic phenomena,...

UN: Civilian death toll in Ukraine exceeds 9,000

The UN High Commissioner for Human Rights updated statistics on civilian deaths in Ukraine. As of 18 June, 9,083 persons died and 15,790 were injured in Ukraine since 24 February 2022. 4,105 people died and 5,861 were injured in the Ukrainian-controlled region of Donbas, according to the UN. 718...
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