Daily Management Review
Economics

US is No Longer a Country of Consumers

America is no longer a country of consumers: people prefer to save rather than spend. This trend could not been reversed by any improvement in the labor market or lower gasoline prices. It would seem that both of these factors were to be an excellent occasion for millions of Americans to spend...

Teva to Buy Auspex Pharmaceuticals

Israel's Teva Pharmaceutical Industries company announced the purchase of American Auspex Pharmaceuticals for $ 3.2 billion on Monday. The deal, approved by the boards of directors of both companies and major shareholders of Auspex, is scheduled for completion in mid-2015. According to Teva’s...

Unilever dramatically reduces its environmental footprint by adopting the 4R approach

Unilever’s adoption of the 4R approach has paid handsome dividends in the form of 100% zero waste to landfills. This is not just for one particular factory, or location, but for all of Unilever’s operations all over the world. With its sales network in more than 190 countries, Unilever, is one of...

Republic Services’ Sand Valley Project named Project of the Year

Republic Service’s sustained efforts towards renewable energy gets EPA recognition in the form of the title Project of the Year’. The impact of its projects have had and will continue to have a big impact on renewable energy and reduction of our carbon footprint. U.S industrial leader in recycling...

Too Smart: New Ford S-Max Can Recognise Road Signs

Ford claimed that the company found about a justice on speed lovers who actively shake the gas pedal and do not pay attention to the signs when they see a straight road. This is a car that reads information from their own road signs and automatically resets the speed. The new version of S-Max car...

London Delays the Deal with LetterOne

The fate of the British gas fields in the North Sea, purchased by Mikhail Fridman, will be solved no sooner than a few weeks, if not months, since the decision on the deal will be taken by new government that will be elected in May, sources said. According to them, the term of the decision will...

Venezuela on the Brink of Collapse

The base of the economy is completely shaken up with plummeting crude oil prices, increasing poverty and rampant rise in inflation. Venezuela’s economy is hit by recession with its vital financial indicators ranking at or nearly the bottom. However Venezuela’s President Nicolas Maduro, blamed its...

Financial Instability Brings Greece One Step Close to Bailout

Greece is about to enter a critical condition of cash crunch soon. Alexis Tsipras, Greece’s Prime Minister visited Berlin to meet Angela Merkel, the German Chancellor this week. The meeting took place at the time when Greece’s relation is in trouble with other Eurozone partners. However, Merkel did...

Is Euro to be Refused?

Confidence in the euro-zone economy is rapidly declining. In the initial stages of the burst in the currency zone crisis, only investors actively withdrew their funds, but now they are joined by central banks. Investors and central banks are actively selling Euro, leading to a further reduction in...

Morgan Stanley Downgraded Forecast for Metal Prices in 2015

Morgan Stanley analysts downgraded the outlook for prices of some commodities noting that "sleepy" China's industrial sector is not able to support the demand for primary commodities. As reported by Bloomberg, the forecast of nickel prices for 2015 has been lowered by 23% - down to $ 14,815 per...