Daily Management Review
Economics

New Stricter EU Climate Targets Criticised By German Auto Industry

The decision of the national governments in the European Union (EU) to agree to impose stricter targets of carbon dioxide (CO2) reduction in the region has been criticised by the German automotive industry.   "I think it is regrettable that a majority of member states could not bring...

Trump’s trade war benefits Brazil

The trade war between the United States and China is changing the farming business around the world, supporting Brazilian soybean producers and worsening the position of American farmers, reports Reuters. Last year alone, US producers sold $ 12 billion worth of soybeans to China. However, in July...

Study Shows Historic Low Unemployment In Germany Making Hiring Difficult

A recent study conducted by the Institute for Employment Research (IAB), which is the research institute of Germany's Federal Employment Agency, claimed that the historically low rates of unemployment in the country has made it very difficult for companies an firms there to find the right candidate...

Italy Warned By IMF To Conform To EU Rules On Spending In Its Next Budget

The opposition of the European Union against the plans of the Italian government to borrow more money for an already heavily indebted economy in its next budget was supported by the International Monetary Fund.   A warning was issued to Italy by the Washington-based lender that the...

US Unemployment Rate Hits A Record 49 Year Low

The employment scenario in the United States was hardly much better than it is now.   With a fall in the rate of unemployment and reaching 3.7% in September, it touched the lowest point since the rate was so low in December of 1969.   Despite being below expectations and lower than...

Chinese Economy Apparently Is Being Hurt By Trump’s “America First” Policy

While it is evident that the American economy has surged ahead – partly because of the massive tax cuts and the “America First” agenda by its President Donald Trump, but the impact of those policies on some of the other comparable global economies would become evident in upcoming data.   The...

Chinese buyers refusing to buy the US oil

Although China imposed duties on almost all US imports in response to Washington’s actions, American oil was not subject to restrictions. But it seems that market participants have themselves decided to refrain from purchasing oil for now. US crude shipments to China “stopped completely,” said Xie...

Chinese stock market collapses on Monday by more than 3.7%

Stock markets in the Asia-Pacific region fell on the first working day of the week following the fall of the Chinese market. The Chinese indices Shanghai Composite and Shenzhen Composite collapsed in a day by 3.72% and 3.83%. Trading on the sites resumed on Monday after a week break due to...

End of Secrecy of Swiss Bank accounts as data sharing begins

Switzerland has automatically started to share data of bank account holders in its country with the governments and tax authorities of many countries which officially brings an end to the era of secrecy surrounding the thousands of Swiss bank accounts where mostly wealth individuals and firms from...

Malmström: EC does not exclude new US duties on cars and is preparing a response

The European Commission does not exclude the possibility of the United States imposing new duties on automotive products imports from the European Union, and is preparing to respond to the rules of the World Trade Organization (WTO) in this case, said European Commissioner for Trade Cecilia...
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