Daily Management Review
Business & Finance

Survey: Chinese consumers refuse foreign goods on Singles' Day

Most Chinese people intend to buy only Chinese brands on Singles' Day, the world's largest sales day held on 11 November. According to AlixPartners, a consulting company that conducts an annual survey of Chinese consumers ahead of the sales season, 66% of the Chinese will buy mainly local brands on...

A Big Stake In Aston Martin Is To B Taken Up By Mercedes-Benz

The struggling British carmaker Aston Martin is set to get a big investment from German luxury car maker Mercedes-Benz against a large stake.   This was confirmed in a statement by the two car makers in which the companies have confirmed that over the next three years, its current stake of...

GM's Super Cruise Fared Better Than Tesla’s Autopilot In Tests By Consumer Reports

An evaluation conducted by Consumer Reports, the testing organization of 17 vehicles equipped with active driving assistance systems (ADAS) from General Motors and Tesla found the GM’s Super Cruise to be better than Tesla's Autopilot, the organization said after the evaluations.   The group...

Tiffany In Talks With LVMH To Settle Dispute Over Lowering Deal Price

Tiffany and LVMH has had a history of legally suing each other over the takeover deal. Tiffany & Co, the U.S. based jeweller, and LVMH, the France based giant in luxury goods, are conducting talks for settling their “$16 billion takeover” dispute on acquiring the same in “slightly lower” price...

VW CEO: Automotive industry doesn't need incentives

Car markets are emerging from a major slump due to the pandemic, and there is no need for more funding for the auto industry. This opinion was shared by the president of the Volkswagen Company, Herbert Diess, in an interview with the Financial Times. "I assume there is no reason to re-stimulate...

Pfizer Is Not Ready Yet To Disclose COVID-19 Vaccine Trial Data.

Pfizer is expecting to get its “manufacturing data ready” for submitting to the regulators by late November. Pfizer Inc has informed that as yet the company not ready to disclose any data related to “late-stage trial of the COVID-19 vaccine” which is being developed in collaboration with BioNTech....

HSBC Announces Acceleration Of Restructuring Plan And Cost Cutting

The London based lender HSBC, the largest European bank in terms of assets, has said that it will further bring down costs of operations compared to what it had suggested previously as a part of its efforts to accelerate its restructuring plan.   This announcement was made by the bank while...

US Closes Lilly’s Antibody Drug Study Against Covid-19

A study being conducted by the pharma giant Eli Lilly related to an antibody drug for people hospitalised with Covid-19 is being brought to a premature closure by government officials in the United States because the treatment is apparently not helping out the patients.   Two weeks ago, a...

AIG Board Approves Plan Of Spinoff Of Life And Retirement Business

The life and retirement business of the insurer  American International Group Inc (AIG) will be separated from the rest of the company, the board of the company decided on Monday while also naming the company’s President Peter Zaffino as the new chief executive officer, effective next year....

$6.6 Bln Buyout Offer For Australia Bottler Made By Coca-Cola's European Partner

An approach to purchase Australian peer Coca-Cola Amatil Ltd has been made by the Coca-Cola Co’s European bottler in a proposed deal worth A$9.28 billion ($6.6 billion).   This cut-price buyout proposal has also been supported by the target firm because of the overall economic uncertainty...
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