Daily Management Review
Economics

EC: The euro as a global currency will enhance EU foreign policy

The European Union should turn the euro into a real world currency in the long term in order to increase the effectiveness of its foreign policy, said Vice President of the European Commission for Energy Union Maroš Šefčovič at a press conference. "The fact that almost every import of energy to the...

10 Years After Lehman Brothers Collapse, French Banks Targeted By Anti-Capitalism Protestors

The so called imperialistic and capitalistic banking practices were at the target of anti-globalisation activists in France and in Germany as they protested against such attitudes of banks which coincided with the completion of ten years of the collapse of the bank Lehman Brothers of the United...

US Invitation For Trade Talks Welcomed By China

The invitation by the United States for fresh negotiations on trade was welcomed by China even as the Trump administration is reportedly getting ready to impose another round of import tariffs on Chinese goods worth $200 billion.   The global stock and financial markets breathed a sigh of...

Iran, Venezuela Loss Offset By OPEC Increase, Record High Oil Output In August: IEA

A report on global oil production by the International Energy Agency titled Oil Market Report has shown the global crude output reached a record high of 100 million barrels per day (bpd) for the month of August.   The partial declines of output by some countries were offset by an increase i...

Europe wants to strengthen the euro to protect the union against Trump

The European Union wants to strengthen the global role of the euro in efforts to avoid pressure from US President Donald Trump, said Spanish Foreign Minister Josep Borrell. This is the last indication that European leaders are trying to establish greater autonomy amid Trump's desire to change the...

Saudi Arabia is trying to block NOPEC

Saudi Arabia called a well-known US right defender to prevent a bill that has been submitted to Congress. The bill allows suing oil producing countries in US courts for possible manipulation of prices in the market. According to the published lobbying list, Riyadh signed a $ 250,000 contract with...

‘$90 Million’ Fine For BNP Paribas As Rate-Rigging Charges Ordered By CFTC

Through an investigation conducted by the CFTC, the BNP Paribas was found to have made attempts of manipulating the “ISDAfix benchmark”. However, the latter seemed to have cooperated all through the process. The BNP Paribas has been ordered to make a payment of “$90 million” as a “civil penalty” by...

Experts: Podcasts are the new black in advertising

Podcasts are becoming an increasingly popular means of advertising. According to advertisers, users are very attentive when they listen to podcasts, and so they will be attentive to advertising there as well. In addition, podcasts open access to young audience. According to forecasts of PwC and the...

Unexpected Slowdown In Germany Factory Orders For July Due To Trump Threat

The unexpected slowing down of the factory activities in German for the month of July is being viewed as a reflection of the evidence that the aggressive trade policies and decision of United States President Donald Trump is having an impact on the confide3nce of the industries and business....

China Warns Of Tit-For-Tat Tariffs To Any New US Tariffs

China’s commerce ministry issued a warning on Wednesday where the country cautioned the United States that it would b3e forced to undertake retaliatory steps against it if the US goes on to implement any new tariffs on the import of Chinese goods into the US. This is the latest development in the...
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