Daily Management Review
Business & Finance

China Energy Crisis Exacerbated By Early Winter Chill As Coal Prices Push Records

On Friday, the energy crisis in China worsened further as cold weather blanketed a large part of the country while power plants struggled to stockpile coal that pushed up coal prices to new highs.   As strong cold winds blowing down from northern China, demand for more electricity for...

JP Morgan's third-quarter profit jumps by 24%

JP Morgan Chase, America's largest bank, on Wednesday reported its third-quarter earnings, up 24 percent to $11.7 billion. Earnings per share came in at $3.74, substantially higher than the $3 expected by Refinitiv survey. The bank's revenues remained almost the same as in the third quarter last...

First Tesla Cars From German Factory Could Roll Out By Come Next Month: Musk

Tesla CEO Elon Musk said on Saturday at the company’s German plant's site that the first cars from the new Berlin factory of the company should roll off the production line as early as next month, but added that it would take much longer for the company to achieve volume production from the...

JV Chip Factory Being Planned By TSMC And Sony, Japan Government To Help: Nikkei

Building of a joint venture chip factory in Japan is being contemplated by Sony Group Corp. of Taiwan and Sony Group Corp. of Japan, and the Japanese government is ready to finance a portion of the investment of about 800 billion yen ($7.15 billion), said a report published in the Nikkei.  ...

Alibaba stops selling cryptocurrency mining equipment

China's largest internet company Alibaba's ban on the sale of cryptocurrency mining equipment on its platform comes into force on Friday. As of Friday, Alibaba will impose fines and, depending on the seriousness of the violation, restrict activities on the platform, up to account blocking, for...

Unsynchronised Global Covid-19 Travel Rules Might Delay Global Airline Recovery

Global airlines are desperate for governments to align incoherent border rules so that the global airline industry is able to avoid a relapse into recession, the International Air Transport Association (IATA), which groups 290 airlines, said, while also expressing positive sentiment about realizing...

Investor interest in Tesla falls to its lowest in 11 years

Short-sellers’ interest in Tesla has fallen to its lowest level since the company traded on the stock exchange. Investors are tired of the company's long-running growth, which was bolstered by record deliveries of electric cars last quarter. The interest of stock market participants who make money...

WSJ: Volvo could be valued at $25B at Stockholm IPO

Swedish carmaker Volvo Cars could be valued at $25bn in an initial public offering on the Stockholm Stock Exchange. Swedish automaker Volvo Cars (owned by China's Zhejiang Geely Holding Group) is preparing to announce details of its initial public offering on the Stockholm Stock Exchange on Monday,...

Shares Of Covid-19 Vaccine Makers Hit By Success Of Merck’s Covid-19 Pill

The global healthcare sector was shaken up by the successful results of clinical trial results for Merck & Co's experimental antiviral Covid19 medicine which pushed the share price of the company while bringing down the stock prices of drug makers making vaccines as well as producers of other...

28 New Unicorns Added In India So Far This Year Compared To A Total Of 38 Last Year

According to Indian industry group Nasscom, 28 new Indian unicorns were added in the first nine months of 2021, bringing the total number of unicorns in the nation to 66.   At this rate, there is a possibility that the number of unicorns it had last year could be quadrupled this year....
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