Daily Management Review
Business & Finance

Netflix to open first game studio in Helsinki

Netflix will launch its first in-house game studio to create "original games without adverts or in-app purchases." The first in-house game studio for Netflix has begun development; up until now, the streaming service had exclusively purchased successful products from developers. Helsinki, Finland...

Bitcoin Miners Become Trapped In A Bear Pit In The Cryptoverse

The struggling bitcoin miner is currently the focus of sympathy.   Late in 2021, miners were the talk of the town because they had a surefire way to make money: connect powerful computers to inexpensive power, solve bafflingly challenging math problems, and then sell the newly created coins...

Traditional Banking Mergers Are Currently Unlikely, , According To The BBVA Chairman

The lack of advancement in the banking union makes a conventional banking merger in Europe unlikely at the moment, according to Carlos Torres, chairman of BBVA.   "It is difficult to see cross-border mergers because of the lack of functioning of the banking union, which is half done," Torres...

Steel Producers Worry That The Energy Crisis Will Get Worse As Production Is Halted

Steel producers are being forced to reduce production across Europe due to rising energy costs, which is endangering widespread plant closures that some experts fear may be permanent in a sector that employs over 300,000 people and generates tens of billions of euros for the local economy.  ...

Volkswagen may pull production out of Germany and Eastern Europe

If the region's gas supply issues continue, the German automaker Volkswagen may stop producing in Germany and Eastern Europe. According to Bloomberg, who quoted the purchasing director at VW, in the event that the gas scarcity lasts considerably longer than the present winter, the production stops...

Boeing to pay $200M over public statements about safety of 737 MAX airliners

U.S. aviation company Boeing and the SEC reached an agreement to resolve the SEC's complaints over the firm's and its previous CEO's public statements regarding safety of the Boeing 737 MAX. U.S. aircraft manufacturer Boeing will pay $200 million, and Dennis Muilenburg, its former CEO, will pay $1...

Automakers Battle Patent Obstacles To Advance In-Car Technology

A platform for patent licenses from 51 tech companies has over a dozen automakers, including Toyota and Nissan, signed up with the goal of streamlining access to wireless technology and avoiding pricey legal disputes.   Different opinions among automakers, suppliers, and tech companies about...

European Business Group Issues A Caution Against Losing Faith In China

The "inflexible and inconsistently implemented" COVID policy, according to a leading European industry group, is a major reason why businesses are losing faith in China and its appeal as a place to invest.   The warnings were released by the European Chamber of Commerce in a paper that also...

Climate Change Will Cost Farm And Food Investors $150 Billion, According To A Report

Top agricultural and food companies risk losing up to a quarter of their value by 2030 if they don't adjust to new regulations and consumer trends brought on by climate change, according to a recent report from campaigners connected to the United Nations.   Research that will be presented on...

Investors Are Split As Porsche Seeks Up To $75 Billion In Funding

In line with investors' mixed reactions to the automaker's plans to list sports car maker Porsche AG in what could be Europe's third largest initial public offering, Volkswagen shares traded at or near breakeven on Monday.   Volkswagen stated on Sunday that it aimed to value Porsche AG at...
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