Daily Management Review
Business & Finance

Didi to delist after worst result for Chinese companies on US exchanges

Chinese taxi service Didi has officially announced that it will delist from the New York Stock Exchange. Facing pressure from Beijing, the company is walking away with the worst result for Chinese companies IPOs in the US. Chinese taxi service Didi has officially announced that it will delist from...

Tesla advocates waiving duties on graphite imports from China to the US

Elon Musk's Tesla and SK Innovation, the world's largest car battery maker, have requested the US Trade Representative (USTR) for an exemption from customs taxes for importing graphite into the US. According to CNBC, the substance is essential for the creation of lithium-ion batteries for electric...

Ford And GM Set To Race For The Third Spot In The Global ' In Electric Vehicle Market

The century-old battle between General Motors and Ford Motor Company is heating up again, this time over who will sell more electric vehicles by 2025.   GM and Ford, on the other hand, are vying for third place at best, with Tesla firmly established as the worldwide EV leader and the...

Indian Ride-Hailing Giant Ola Planning For IPO In First Half Of 2022

Ola, an Indian ride-hailing business, said on Thursday that it wants to go public in the first half of 2022, despite recent market turbulence and the dismal listing of several start-ups in the country, said the company’s Chief Executive Officer Bhavish Aggarwal on Thursday.   Ola, backed by...

Preparations Being Made By Global Airlines For Industry Volatility Related To Omicron Variant

Airlines across the world are prepared for a new wave of volatility in the industry as a result of the Omicron variant of Covid-19, which according to analysts, could compel them to change flight schedules and destinations on international routes at short notice and rely more on local markets for...

Twitter’s Technology Chief Parag Agrawal Steps Into The Shoes Of CEO Jack Dorsey

Twitter Inc’s Chief Technology Officer Parag Agrawal will step into the shoes of the co-founder and Chief Executive Officer Jack Dorsey following stepping down form the post on Monday, according to the social networking site.   Even if investors were sceptical, the hiring of Agrawal, a...

UK cloud banking developer becomes new 'unicorn'

UK fintech startup Thought Machine has raised $200m in a new funding round in which investors have raised its valuation above $1bn, CNBC reports. The investment round was led by US firm Nyca Partners, which previously invested in UK fintech start-up Revolut. Investors Lloyds Banking Group, Eurazeo...

Russia's Aeroflot Reports Its First Quarterly Profit In Two Years

Aeroflot, Russia's most popular airline Aeroflot announced on Monday the first quarter of net profit since 2019 , as the growth of both international and domestic travel accelerated.   Aeroflot which saw its shares rise by 1.6 per cent at 0941 GMT reported its net income for its...

Indian Govt. Supporting Local Rival RuPay, Allegees Visa In Complaint To US Govt.

Visa Inc has complained to the U.S. government that India's "informal and formal" promotion of its domestic payment rival RuPay is hurting RuPay, the U.S. giant in a crucial market, memos viewed by Reuters demonstrate.   In public, Visa has played down concerns about the growth of RuPay...

US Retail Stores Ravaged By 'Flash Mob' Thieves On Black Friday

Black Friday bargain hunters weren't alone looking for bargains on the day following Thanksgiving. Thieves were also busy.   The police of Los Angeles and cities elsewhere across the nation spent a large portion of the holiday weekend searching for suspects in a string of "flash mob"...
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