Daily Management Review
Economics

California Is Now The 5th Largest Economy In The World, Surpasses The UK

New U.S. federal data made public Friday claimed that the economy of the United Kingdom was surpassed to become the fifth largest economy in the world by the economy of the state of California in the U.S.   The data said that compared to 2016, $127 billion was added opt the gross domestic...

Nearly $2 Billion A Year Loss Of Business In Japan Because Of Pollen

Businesses across Japan are hit every year during springtime because of widespread bouts of hay fever even though this is also the seasons when there is blooming of the famous cherry flowers throughout the country as well.   The Dai-Ichi Life Research Institute, a research firm in situated...

Interest Rates Raised To 40% In Three Hikes In Eight Days In Argentina

In a surprising move, the urate of interest was raised by the central bank of Argentina thrice within a span of just eight days even as the currency of the country – peso, continued opt register a sharp downward journey.    About the week ago, the rate of interest in the country was...

New EU budget: Winners and losers

The European Commission presented the draft budget of the EU for 2021-2027. Germany will pay more, and Poland and Hungary can be punished with a reduction in payments. The fight for finance promises to be tough. The negotiations on the so-called "long-term financial planning" in the European Union...

Tesla reports huge loss in Q1 2018

The manufacturer of electric vehicles Tesla reported a record quarterly loss. It amounted to 710 million dollars in the first quarter of 2018. The company has been reporting a loss for the fifth consecutive quarter, writes Fortune. Sales for the reporting period amounted to 3.4 billion dollars....

Fed points to stagflation in the US

On Wednesday, the Federal Reserve slightly changed the tone of their statements. The regulator believes that accelerating inflation no longer requires a fast increase in the rate. The Federal Reserve System (FRS) of the United States, following the May 1-2 meeting, decided to keep the interest rate...

Australian MPs denounce excesses of the cashless welfare cards, authorities turn a deaf ear

In 2015, Tim Cook stated that the next generation of children "will not know what money is." It was at a meeting with students at Trinity College, Dublin, and, obviously, the CEO of Apple meant not all money but exclusively cash. Of course, the rumors about the death of cash are greatly...

The Bank of Japan cannot achieve the inflation target... again

Management of the Bank of Japan refused its previous promise to achieve the inflation target of 2% "approximately in the fiscal year 2019". In fact, this has become a recognition that prices are weaker in response to the monetary policy of the central bank than it previously thought. The Central...

McKinsey: level of GDP of APR countries is below potential because of gender inequality

Last week, McKinsey Global Institute (MGI) released a report stating that due to gender inequality, the aggregate GDP of the countries of the Asia-Pacific region (APR) will miss $ 4.5 trillion by 2025. It’s about barriers that women in the region face in their employment, career growth,...

Bloomberg: China is buying up Europe

Chinese companies have been buying up everything that represents at least some interest for more than a decade, using huge financial resources and state support. Beijing is interested in all continents, including, of course, Europe. Bloomberg conducted a research on the Chinese presence in the Old...
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