Daily Management Review
Economics
Lavazza CEO expects further growth in global coffee prices

Lavazza CEO expects further growth in global coffee prices

Climate change, disruptions in supply, and new restrictions from the European Union will push up costs for roasters, which will translate into higher coffee prices for end users, according to Italian company Lavazza’s Chair Giuseppe Lavazza. Lavazza told the Financial Times, "Coffee prices are not...
US Job Market Slowing Down As The Unemployment Rate Hikes To 4.1%

US Job Market Slowing Down As The Unemployment Rate Hikes To 4.1%

Although hiring in the government and healthcare sectors accounted for nearly three-quarters of the payroll gain in June, U.S. employment increased solidly. Meanwhile, the unemployment rate reached a two-and-a-half-year high of 4.1%, indicating a weakening labour market that keeps the Federal...
Japan's Basic Salary Increases By The Greatest In 31 Years, Including Substantial Boosts For Part-Timers

Japan's Basic Salary Increases By The Greatest In 31 Years, Including Substantial Boosts For Part-Timers

As a result of massive pay increases granted by businesses during yearly wage talks, Japanese workers' average base pay increased by 2.5% in May, marking the highest rate of increase in 31 years. Part-time employees witnessed especially significant increases.   However, as a result of rising...
NY Fed’s Head: the Fed has not reached the inflation target

NY Fed’s Head: the Fed has not reached the inflation target

According to Federal Reserve Bank of New York President John Williams, the Fed has successfully slowed the rate at which consumer prices are rising in the United States, but it has not yet reached its inflation target. Williams stated at a Reserve Bank of India event in Mumbai that "at this point,...
European airlines will have to raise prices due to decarbonization costs

European airlines will have to raise prices due to decarbonization costs

According to Luis Gallego, CEO of International Consolidated Airlines Group S.A. (IAG), European airlines would have to increase ticket prices to offset the expense of cutting harmful emissions, as reported by the Financial Times. Gallego said that abandoning flying would have a significant effect...
European Commission imposes duties on imports of Chinese electric cars into the EU

European Commission imposes duties on imports of Chinese electric cars into the EU

While talks with China are ongoing, the European Commission has placed temporary extra charges on the importation of Chinese electric motor vehicles (EVs) into the EU. "The Commission concluded that the EV value chain in China benefits from unfair subsidization, which poses a risk of economic...
Russian Regulator Promotes Cryptocurrency Use As A Means Of Evading Sanctions

Russian Regulator Promotes Cryptocurrency Use As A Means Of Evading Sanctions

In order to offset Western sanctions imposed over the Ukraine crisis, Russia's central bank advised enterprises to adopt "multiple choice solutions" to enable payments with overseas partners, including cryptocurrency and other digital assets.   The previous few weeks have seen significant...
China Is Dealing With A Declining And Ageing Population, Which Is Causing Economic Challenges

China Is Dealing With A Declining And Ageing Population, Which Is Causing Economic Challenges

China's population is declining, and this will eventually have a negative impact on the country's economy, labour force, and fiscal policy.   According to estimates derived from analysing UN-released world population data, "the working age population [in China] will fall so rapidly over the...
A Trade Conflict Develops As EU Countries Dither Over Chinese EV Tariffs

A Trade Conflict Develops As EU Countries Dither Over Chinese EV Tariffs

EU nations are unsure whether to approve more taxes on electric cars made in China, underscoring Brussels' difficulty in garnering support for its biggest trade case to yet as Beijing threatens extensive reprisal.   According to a government source, Germany, whose automakers made almost a...
EU reduces energy imports in volume and money terms in Q1

EU reduces energy imports in volume and money terms in Q1

According to EU statistical office Eurostat, the EU purchased 183.8 million tonnes of energy products worth €95.5 billion between January and March of 2024. Comparing the two, the former decreased by 10.4% and the latter by 26.4% year over year. In terms of value, natural gas imports decreased by...
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