Daily Management Review
Business & Finance

Electric Car Sale Globally Increased In 2020 Despite Pandemic Hit

According to data published on Tuesday by EV-volumes.com, a Sweden-based consultancy, even though there was a decline by at least 25 per cent in the sale of cars globally on the overall because of the Covid-19 pandemic, the sale of electric cars globally increased by as much as 43 per cent to more...

French Total buys $2.5bn stake in Indian solar energy market leader

French energy company Total announced on Monday that it has bought a 20 percent stake in India's Adani Green Energy Corporation, one of the world leaders in the solar energy market. Under the deal, Total will receive a seat on Adani Green Energy's board of directors, a 20 percent stake in the...

Xiaomi shares lose 11.8% after blacklisting in the U.S.

Shares of Chinese technology company Xiaomi fell 11.8% at the opening of trading on the Hong Kong Stock Exchange on Friday after the U.S. decision to blacklist the company, according to the exchange. The day before, it became known that the U.S. administration has included nine Chinese companies,...

Trump administration rejects ban on investments in Alibaba, Tencent and Baidu

Trump administration has abandoned plans to blacklist technology giants Alibaba, Tencent and Baidu as companies working for or under the control of the Chinese military, four people familiar with the matter told Reuters. One of them added that Washington plans to include nine more organizations on...

New Fintech Startup To Be Created By Walmart In Partnership With Ribbit Capital

A new fintech start-up will be launched by the largest retailer of the world Walmart in partnership with Ribbit Capital which is one of the major investors in Robinhood.   No details about the name of the new venture or the time when it would be launched were provided by the retailer. The...

Ford Will Shut Three Plants In Brazil And Take A Pretax Charge Of $4.1 Billion

United States auto giant Ford Motor Co will take a pretax charges of about $4.1 billion from its decision to close down its three production units in Brazil this year with the company not being able to utilize the capacity at a number of its plants because primarily because of the Covid-19...

YouTube rival demands $6B compensation from Google for 'unfair search algorithms'

Canadian video platform Rumble has filed a lawsuit against Google in the federal district court for the Northern District of California. It accuses the company of giving preference to its own YouTube service in search engine results. "Through unfair search algorithms, Google may improperly divert...

Dr. Martens to launch IPO in London

British investment company Permira has decided to sell part of its stake in footwear maker Dr. Martens through an IPO, the Financial Times reports. The company's initial public offering will take place on the London Stock Exchange. Permira acquired the Dr. Martens brand in 2013 by buying a 91.5 per...

Deutsche Bank To Settle US Bribery And Metals Charges For Almost $125M

Deutsche Bank AG will settle charges in the United States over it being engaged in foreign bribery schemes and manipulating precious metals markets for a total of almost $125 million.   This is the latest hit to the bank in its efforts to stage a turnaround from a number of scandals in...

British Immunotherapy Firm Kymab To Be Acquired By Sanofi For Up To $1.5 Billion

In recent times the French drug maker Sanofi has strung a slew of deals as a part of its efforts of diversifying into the fast growing medical area of immunotherapy. In its latest deal in this regards, it has agreed to acquire the British immunotherapy firm Kymab for a value of up to $1.45 billion....
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