Daily Management Review
Business & Finance

Airbnb expects to raise $3B during IPO

American company Airbnb, the operator of the housing rental service of the same name, plans to attract $3 billion in the upcoming initial public offering (IPO), reports Reuters. According to their information, the market value of the company as a result of the IPO may reach $ 30 billion. According...

Chevron to merge with Noble Energy, shareholders approve

US Noble Energy Inc.Shareholders greenlighted the upcoming merger with Chevron Corp. The deal, unveiled in July 2020, will become one of the largest in the industry since the COVID-19 pandemic started. The deal is essentially a swap of shares: shareholders of Noble Energy will be given 0.1191...

Instagram Users Will Now Be Able To Chat With Messenger Users In Facebook’s Vision Of Cross-App Chats

The direct messaging service within Instagram will be replaced by a version of its Messenger app, Facebook Inc said on Wednesday. This is the first step by the largest social media company of the world in its plans for bundling together all of its messaging services across its suite of apps....

Nokia to replace Huawei in UK 5G market

Nokia Corp has signed a deal with Britain's largest mobile operator BT Group Plc to supply equipment for 5G networks. As part of the deal that will turn the Finnish telecommunications company into BT's largest infrastructure partner, Nokia will provide equipment and services at BT base stations...

COVID-19 pandemic accelerates pace of U.S. retailers bankruptcies

The COVID-19 pandemic has significantly worsened the situation of traditional retailers in the United States, which were already having difficulties. According to The Wall Street Journal, citing a report from research firm BDO USA, 18 retail chains in the United States filed for bankruptcy in the...

PSA’s Offer To Toyota To Boost Production Capacity

PSA and Toyota have been in collaboration for vans manufacturing from 2012. PSA has an offer for Toyota, whereby helping the latter to boost so as to “address EU antitrust concerns” raised towards its plans in association with Fiat Chrysler.   PSA has offered help to Toyota for increasing...

EU Likely To Allow Google’s Acquisition Of Fitbit With New Concessions: Reuters

A report from the news agency Reuters has claimed that the antirust body of the European Union is set to give the green signal to Alphabet’s Google’s acquisition of fitness tracker maker Fitbit in a deal worth $2.1 billion. This became apparent after the United States based search engine giant made...

Ghosn Launches New Business Program In Lebanon In His First Public Appearance In Months

A business program at a Lebanese university USEK was launched on Tuesday by the now fugitive auto tycoon Carlos Ghosn in what was his first public appearance in months.   The former chief of the Japanese auto company Nissan spent 130 days in prison in Japan after he was arrested in November...

Not A Good Start For Siemens' Record 16 Billion Euro Spin-Off T Frankfurt

The first day of trading of the largest spin off ever in Germany, which created the company called Siemens Energy, as not good as the shares of the new company opened lower than expected at the Frankfurt stock exchange which reflected the challenge for the company to make an impression functioning...

US Judge Halts TikTok Ban For Now, Users Can Continue To Download App

The order of the United States president Donald Trump’s administration to impose a ban on the Chinese owned short video sharing app TikTok in the US has been temporarily blocked by a federal judge. The Trump administration had planned to eliminate the app from smartphone app stores in the US....
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