Daily Management Review
Economics
Bloomberg: EU plans to exclude five Chinese companies from sanctions against Russia

Bloomberg: EU plans to exclude five Chinese companies from sanctions against Russia

The European Union plans to strike five Chinese firms out of the 11th set of sanctions against Russia. According to Bloomberg, which cited sources familiar with the situation, the European Union intends to drop measures to impose restrictions on five Chinese companies that it suspects of providing...
New Zealand Enters A Recession, Rate Increases Become Uncertain

New Zealand Enters A Recession, Rate Increases Become Uncertain

According to figures released on Thursday, New Zealand entered a recession as a result of the first quarter's economic contraction. This decreased the likelihood that the central bank would need to raise interest rates further, but it also added a new challenge for the government's bid for...
Morgan Stanley Says Asia's Growth Will Soon Surpass That Of The United States And Europe As Inflation There Has Peaked

Morgan Stanley Says Asia's Growth Will Soon Surpass That Of The United States And Europe As Inflation There Has Peaked

By the end of the year, Morgan Stanley predicted that Asia's growth will surpass that of the United States and Europe since the area had mostly avoided interest rate shocks.   “By the fourth quarter of this year, we think Asia’s growth will be outperforming U.S. and Europe by about 450 basis...
China Will Experience The Greatest Outflow Of Millionaires This Year, Study Report Shows

China Will Experience The Greatest Outflow Of Millionaires This Year, Study Report Shows

According to new data, China, which has the second-largest economy and population in the world, will once again have the greatest migration of billionaires this year.   China is predicted to lose the most billionaires this year owing to migration, more than any other nation, according to a...
Australian Companies And Consumers Could Experience A Severe Downturn Soon

Australian Companies And Consumers Could Experience A Severe Downturn Soon

Tuesday's Australian business and consumer surveys indicated that the economy was in trouble, with a decline in company activity accelerating and spending confidence remaining close to recessionary levels, all with predictions of upcoming rate hikes.   A carefully monitored poll by the...
Under A Proposed Bill, E-Commerce Exports From China To The US Would No Longer Be Protected From Tariffs

Under A Proposed Bill, E-Commerce Exports From China To The US Would No Longer Be Protected From Tariffs

According to one of the sponsors, a bipartisan group of US congressmen intended to present a bill on Wednesday to terminate a tariff exemption that is frequently used by online retailers to ship purchases from China to American customers.   The de minimis rule exception exempts imports with...
Spending In Australia Hit By Rate Hikes Pushing The Economy Into A ‘Retail Recession’

Spending In Australia Hit By Rate Hikes Pushing The Economy Into A ‘Retail Recession’

According to a report by Deloitte Access Economics, Australia is going through a "retail recession" as rising interest rates and inflation reduce customers' purchasing power. Once inflation is taken into account, retail turnover fell 0.6% in the March quarter, which is twice as fast as the decline...
Sharp Increase In China's Factory Gate Deflation In May As Demand Falls

Sharp Increase In China's Factory Gate Deflation In May As Demand Falls

May saw a faster-than-expected decline in factory gate prices in China, as weakening demand put a strain on manufacturing and the shaky economic recovery.   China, in contrast, is experiencing a significant decrease in prices with companies receiving less for their products as demand is...
Head Of The Energy Council Claims The Global Energy System Is No Longer Fit For Purpose’

Head Of The Energy Council Claims The Global Energy System Is No Longer Fit For Purpose’

According to the CEO of the World Energy Council, Angela Wilkinson, the global energy system is no longer "fit for purpose," and she made reference to the slow progress being made towards a planned switch to green energy.   “The most recent pulse from April shows that the world energy system...
US Is Stepping Up Its Anti-Crypto Campaign By Suing Coinbase And Binance

US Is Stepping Up Its Anti-Crypto Campaign By Suing Coinbase And Binance

As part of a dramatic escalation of a crackdown on the industry, the top U.S. securities regulator filed a lawsuit against cryptocurrency platform Coinbase on Tuesday. This is the second lawsuit in as many days against a significant crypto exchange, and it has the potential to drastically alter a...
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