Daily Management Review

DMR

Don't Miss

Goldman Sachs obliges its employees to get permission to travel to Paris during the Olympic Games 2024 04/30/2024

With Banks Retreating, Chinese Companies Go "Underground" About Payments To Russia 04/29/2024

G7 countries to increase electricity storage sixfold by 2030 04/29/2024

Economics

Business & Finance

Management

World & Politics

Science & Technology

Art & Art Market

Business & Finance

Italy vetoes local operator's deal with Huawei

The Italian government vetoed a planned deal to supply Huawei telecommunications equipment to the Fastweb telecom operator. This is reported by Reuters, citing industry sources. According to the newspaper, the deal was about the supply of telecommunications equipment, which was to be used to create...

US Dividend Aristocrats shares show record poor performance compared to broad market

Shares of the so-called US dividend aristocrats remain in decline after the crisis, while the broad market grew by more than 7%. The gap is close to that which Wall Street has not seen since 2007. Despite record low interest rates, investors have been slow to invest in companies that generously...

Daimler Upgrades Its Profit Forecast With Growth In Luxury Car Sale In China

An upbeat German auto major Daimler raised its forecast for profits for 2020 after the company reported a 24 per cent spike in demand and sale for its Mercedes-Benz cars in the Chinese market which boosted the company’s margins for the third quarter. However it also warned that forecasting...

Amazon Skips Appearing Before Indian Parliamentary Panel On Data Privacy

A summon by a parliamentary panel in Indi that is currently reviewing privacy bill of the country was turned down by representatives of Amazon.com Inc in India. This was said by a Indian lawmaker said on Friday. The United States based e-commerce giant however said that this was a...

More Demand For Cheaper Chips Causes Plummeting Of Intel's Profit

With consumers choosing to purchase cheaper laptops while spending on data center usage was cut down upon by pandemic hit businesses and governments, United States based chip maker Intel reported a fall in its profit margins in the latest completed quarter. Despite being the dominant...

McAfee raises $720M during IPO

During the IPO, American antivirus software developer McAfee raised $720 million by selling 37 million shares at $20 (the price corridor was set at $19-21). The total value of the company is thus estimated at $8.6 billion. McAfee shares will start trading on NASDAQ on Thursday under the ticker...

PayPal introduces cryptocurrency payments

The international payment system PayPal will allow users to conduct transactions with cryptocurrencies. "The Company introduces the possibility to buy, store and sell some cryptocurrencies - first Bitcoin, Ethereum, Bitcoin Cash and Litecoin - directly through PayPal's electronic wallet. The...

Buffet's Berkshire Hathaway to pay $4.1M fine for violation of Iran sanctions regime

Berkshire Hathaway investment company, owned by billionaire Warren Buffett, will pay a fine to settle a dispute with the US Treasury Department about the violation of sanctions against Iran. One of the Turkish companies owned by the holding's subsidiary has been supplying instruments to Iran for...

Amazing Rising Trade Tensions, Growth In China Eyed By Daimler Chief

The German auto maker Daimler has identified China as the biggest growth market in the next decade for Mercedes-Benz, said the company’s Chief Executive, Ola Kaellenius. But with continued rise in global trade tensions, the company also plans to adjust production locations to capture...

Chinese Firms Huawei And ZTE Banned From Upcoming 5G Networks By Sweden

The use of telecom equipment from China's Huawei and ZTE for development of the 5G network was banned by Sweden on Tuesday on security grounds. The country is slated to soon auction spectrums for 5G networks. Sweden no joins other European countries that have already banned or restricted...