Daily Management Review
Business & Finance

Global Auto Giants Are In For A Shock In EV Sector In China

Global automakers may be in for a rude awakening if they believe they can extend their supremacy in China into the electric future.   General Motors and Volkswagen, the titans of the combustion engine age, are falling behind local players in China's expanding electric vehicle (EV) market, a...

Schedule Of iPhone Development Of Apple Upended By Lockdowns In China

According to Nikkei Asia, development of at least one of Apple's new flagship iPhones for this year has slipped behind schedule due to disruptions caused by China's month-long COVID lockdowns.   According to many individuals with firsthand knowledge of the situation, Apple has urged...

U.S. watchdogs to penalize companies for mimicking ESG agenda

The Securities and Exchange Commission (SEC), according to the Financial Times, is creating rules under which corporations can be penalized for making "excessive or misleading" ESG promises when selling linked investment products on the market (bonds, receipts, etc.). According to reports,...

Apple to reduce dependence on manufacturing in China

Apple told several of its gadget manufacturing partners that it would like to increase production of its goods outside China. Now it accounts for 90% of the company's devices. Apple wants to reduce its dependence on manufacturing in China and has told its partners that it wants to increase...

ASML, Computer Chip Manufacturer, Is Betting Big On A Tiny Future

ASML, a powerhouse in the semiconductor sector and on the stock market, needs to think smaller. Or even bigger.   In its effort to construct minuscule circuits on computer chips used in everything from phones and laptops to cars and artificial intelligence, it is building machines the size...

US allows Chevron oil company to negotiate with Venezuela

A senior US administration official informed reporters that the US Treasury Department has approved a general license allowing the oil corporation Chevron to begin conversations with President Nicolas Maduro's government about future actions in the country. During a special briefing, a White House...

Saudi Arabia to boost oil production to 13M bpd

Saudi Arabia will increase oil production to 13 million bpd in five years. The Kingdom of Saudi Arabia is making efforts to increase oil production to more than 13 million bpd by the end of 2026 or early 2027, the country's Energy Minister Abdulaziz bin Salman Al Saud said on Monday during an...

Some Customers May Be Compensated, According To A TerraUSD Backer

On Monday, a subsidiary of the business behind the defunct stablecoin TerraUSD claimed it had spent the majority of its funds defending its dollar peg last week and would use the rest to pay certain users who had lost out.   The token's demise last week sent cryptocurrencies plummeting, a...

Beyond Meat Shifts Trajectory After Falling Below Its IPO Price In Volatile Trading

After starting below their initial public offering price for the first time on Thursday following the vegan meat maker's larger quarterly loss, shares of Beyond Meat reversed course to gain as much as 12 per cent in wild trading.   Shares fell as much as 22% to a record low of $20.50, well...

$26 Bln Loss Reported By SoftBank Vision Fund But Son Pledges Defence

On Thursday, SoftBank Group Corp disclosed a record $26.2 billion loss at its Vision Fund investment arm, as high-growth tech firms were battered by rising interest rates and political unrest.   The loss contrasted sharply with SoftBank's record annual profit a year prior, raising questions...
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