Daily Management Review
Economics

LA votes to increase minimum wage to $15-an-hour

The second-largest city in the US votes in favor of wage reforms, possibly creating ripple effect in the country Los Angeles has voted to increase the minimum wage in the city from $9 an hour to $15 an hour by 2020.   The second-largest city in the US has voted for the reform amidst rallying...

China Overtook France in Vineyards

China overtook France in the vineyards area, taking in the world ranking second only to Spain. In terms of wine production China, however, remains on the 8th place in the world. The first place is occupied by France, where the vineyards are reduced. This data was presented by International Vine...

Finter Bank to Pay $5.41 Million in U.S. Tax Agreement

Finter Bank Zurich agreed to pay a fine of 5.4 million dollars for concealing accounts of Americans who evaded taxes. As reported on Friday by the US Department of Justice, "the bank signed an agreement on cooperation in all criminal and civil processes, thereby demonstrating the intention to...

Greece set to privatize its largest port

To pay back creditors the Greek government has to eat its words Mired in economic difficulties, Greece is now looking into privatizing the country’s largest port and regional airports to attract investment for other state assets.   The country’s economy Minister George Stathakis announced...

US unemployment rates fell to a record low

America is looking at a positive employment scene. The US has announced that the number of Americans filing new claims for unemployment benefits fell last week to near a 15-year low. The news is reflective of the buoyance created by good jobs market in a stronger economy. Even when the labor market...

Why Americans Wind Up its Chinese Businesses

US corporations are actually reducing the investment in China's economy. The main reasons of the decline in investment activity were Chinese government’s barriers to entry to market, as well as a slowdown in the Chinese economy. In any case, experts of the American Chamber of Commerce comes to this...

Alcohol and World's Economy

Alcohol is one of the leading causes of ill health and premature death all around the world. It accounts for 1 in 17 deaths and much of accidents leading to disability. In OECD countries (Organization for Economic Co-operation and Development), the consumption of alcohol is approximately two times...

Facebook's New Search Engine and its Information Bubble

Social network Facebook is testing the application's built-in search, through which it will be possible to insert a link to update the status without the use of search services such as Google. Some users of the official Facebook got the app button "Add link", which opens the search box of articles...

Russia Goes to Arctic Expedition Once Again.

Russian Prime Minister Dmitry Medvedev signed a decree on the allocation of more than 205 million rubles to ensure the work of the drifting station "North Pole", according to the press service of the government. - The federal budget allocated a subsidy of 205 mln rubles (about $4 mln) for the...

Austria’s Banking System

Austria's savings bank framework is experiencing traumatic rebuilding. This has been constrained upon it by the legacy of the money related to emergency and by the dynamic evacuation of sovereign and sub-sovereign certifications to follow EU enactment. In this way, we have seen the disappointments...
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