Daily Management Review
Business & Finance

While Apple, Xiaomi, Others Hit By China Virus Problems, Samsung Stands To Benefit

It has been more than a decade that the South Korean tech giant Samsung Electronics has invested in building production units for its smartphones in low cost Vietnam and now in the wake of the coronavirus outbreak in China, the company now stands to benefit as its major rivals including Apple...

Glencore posts $404M net loss in 2019

Swiss commodity trader Glencore in 2019 received a net loss attributable to shareholders of $ 404 million, compared with a profit of $ 3.4 billion a year earlier, the trader’s statements reads. The diluted loss per share was $ 0.03 versus $ 0.24 a year earlier. The company's revenue was reduced by...

New Study Claims 5 Million Companies Worldwide Could Be Impacted By Coronavirus

The Chinese provinces most impacted by the coronavirus virus are the ones that are most intricately linked to the global business network, found a recent study that was issued in the form of a special briefing by global business research firm Dun & Bradstreet, after analyzing the role played by...

Volkswagen sales in China collapse in January by 11%

German automaker Volkswagen AG announced a 11% decline in sales in China in January amid an outbreak of pneumonia caused by the Covid-19 coronavirus. Global car manufacturers have major operations in China, and analysts warn that the actual closure of a number of cities in China to limit the spread...

Delta Wants To Be First Carbon Neutral Airline, Will Invest $1bn

United States based Delta Airlines plans to become the first US airline to become completely carbon neutral over the next 10 years. The company has set a budget of $1bn to mitigate all of its carbon emissions from its global business over that period.   The United Nations has predicted that...

Impact Of Coronavirus Impacting European Auto Plants, Could Hit GM Truck Production

While attempting to restart operations at their Chinese factories that have been closed down temporarily because of the spread of the coronavirus, major auto companies are also trying to ensure that their operations and manufacturing at other does not get affected by shortage of supply of parts....

First Annual Loss In A Decade Reported By Renault, To Make Major Cost Cuts

Its first annual loss in a decade was reported for 2019 by the French auto giant Renault. This forced the company to also cut down its forecast for 2020. The company is currently rebuild its image after the Carlos Ghosn scandal and further strengthen its relations with Japan’s Nissan in its...

Toshiba receives $ 1.3 billion of net loss in 2019-2020

Net loss of the Japanese electronic giant Toshiba Corporation for the first nine months of the financial year 2019-2020 (ended December 31) amounted to 145.63 billion yen (1.33 billion dollars); a year ago the company made a profit of 1.02 trillion yen ( 9.3 billion dollars), the company said in a...

Nestle’s New Strategy And Models For Speeding Up Innovation

Food giant Nestle has set for itself a new strategy for innovation with the setting up of new structures that will help to turn new and innovative ideas from both outside and inside of the company into marketable new products. This was said by the technology head of the company while talking to...

Flight Suspension, Travel Bans Due To Coronavirus In China Raising Demand For Private Jets

While there is a growing demand for private jets by wealthy passengers trapped in China to try and get out, the travel bans imposed by the Chinese government and a nervous crew have prevented the demand from turning into good business. The rapid spread of the coronavirus and the suspension of...
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