Daily Management Review
Economics

Levi's postpones target date to increase annual turnover to $9-10 billion

Levi Strauss & Co.'s CEO Michelle Gass told the Financial Times that the company will not achieve its target of reaching $9-10 billion in annual turnover by 2027. Levi's will provide a more specific timeline for achieving that objective once it has reevaluated its plans, according to Gass. She...

India updates its LNG import record in August

The Ministry of Commerce and Industry reported that India's imports of liquefied natural gas grew by 57% to 2.784 million tons in July 2024 from 1.777 million tons in July 2023. This is the peak in the history of national trade data. The last high point occurred in February 2020 (2.672 million...

China's Struggling Economy Faces Slowdown Amid Broad Stimulus Efforts

China's central bank took significant steps on Tuesday to revive an economy facing growing deflationary pressures, weak consumer demand, and the potential of missing its 2024 growth target. In a sweeping announcement, the People's Bank of China (PBOC) introduced a broad monetary stimulus and...

Political And Economic Turmoil Threatens Stability In Europe’s Largest Economies

Europe is facing growing political and economic uncertainty as its two largest economies, Germany and France, struggle with internal woes that threaten the stability of the entire eurozone. With both countries seeing sharp declines in business activity and ongoing political challenges, the outlook...

Bitcoin 2025: A Million-Dollar Milestone Or Another Volatile Year?

The cryptocurrency market has experienced a whirlwind of activity over the years, with Bitcoin remaining at the forefront of the digital currency world. In 2024, Bitcoin continued to demonstrate its trademark volatility, soaring to remarkable highs while also facing sharp declines. As the world...

China Faces Milk Surplus Amid Slumping Demand

China is grappling with a significant milk surplus, a situation that has arisen from a confluence of economic factors, demographic changes, and a strategic misalignment in its dairy industry. As the world's top importer of dairy products, China's current surplus illustrates the unintended...

Bank of Japan's Optimism Grows Amid Expectations For Economic Recovery And Future Rate Hikes

The Bank of Japan (BOJ) kept interest rates steady at its latest policy meeting on Friday, while delivering a more upbeat assessment of the country’s economic recovery, particularly regarding private consumption. This optimism has fueled market speculation that the central bank is preparing for...

Confusion Looms For Global Investors Amid U.S. Fed's Rate Cut: Boom Or Recession?

Global investors are on edge following the U.S. Federal Reserve's decision to enact a significant interest rate cut, sparking widespread uncertainty about the future direction of the world’s largest economy. The confusion stems from a lack of clarity over whether the Fed’s aggressive move signals...

European carmakers face billions of dollars in fines for exceeding emission standards

European car manufacturers are worried about facing huge fines for not meeting carbon dioxide emission rules as sales of electric cars drop, as stated in a press release by ACEA. The EU will implement new rules in 2025 regarding the average emissions of cars sold, but it is doubtful that car...

Environmentalists accuse meat producer Tyson Foods of greenwashing

Tyson Foods Inc., the largest U.S. meat supplier, is being sued by the Environmental Working Group, an environmental organization, for allegedly deceiving consumers with unrealistic climate goals. According to The Wall Street Journal, Tyson Foods is facing a lawsuit for greenwashing, being the...
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