Daily Management Review
Business & Finance

Ailing Sergio Marchionne Replaced By Mike Manler As CEO At Fiat Chrysler

The board of directors at Fiat Chrysler Automobiles announced on Saturday that its ailing chief executive officer (CEO), Sergio Marchionne would be replaced for the position by high-ranking in-house executive Mike Manley.   It has been over a month that Marchionne, 66, has not appeared in...

New Telecom Networks Risks Exposed By Huawei “Shortcomings”, Says Britain

According to a United Kingdom government report, the country’s telecom networks have been exposed to new security risks because of technical issues and issued with the equipment supply-chain of Chinese firm Huawei. Top of Form The debate over espionage around Huawei Technologies would be further...

Audi to curtail production because of Dieselgate scandal

Audi will be forced to limit production of cars from September this year due to the Dieselgate scandal, Bayerischer Rundfunk television and radio company reports with reference to the source. Earlier it was reported that investigations were being carried out in Germany in connection with the...

SoftBank Vision Fund to invest $1 bln in Chinese surveillance startup

SoftBank Vision Fund is going to pour almost one billion dollars in Chinese SenseTime Group Ltd., as the fund wants to get a share in the world's most expensive AI startup. This is reported by Bloomberg. The fund founded by the Japanese SoftBank Group Corp., and SenseTime haven't defined the deal’s...

Amazon Consider Investing In Indian Pharmacy MedPlus

Amazon is in talks to take forward its new venture into the pharmacy sector. Amazon.com is conducting its “early talks” for investing into MedPlus, an Indian Pharmacy, reported FactorDaily, a news website of India, on Tuesday, July 18, 2018.   MedPlus Health Services has more than “1,500...

Chinese Tencent to expand presence in the US

Tencent is stepping up its efforts to expand the payment service WeChat Pay in the US, reports CNBC. He noted that more large players will come to the market this year. WeChat Pay allows users to display barcodes on the smartphone via the Tencent-owned WeChat messaging application. The app scans...

Walmart & Microsoft In A Strategic Partnership

Major Amazon rivals come together, to boost online presence with the help of cloud technology and data expertise. Walmart has informed that the retail giant is involved into a “strategic partnership with Microsoft Corp”. The partnership will explore “wider use of cloud and artificial intelligence...

VW Has ‘Not Done Enough’ To Improve On Emission Scandal

EU authorities pressurises VW to guarantee its cars performance post the Dieselgate scandal besides improving “consumer information”. Volkswagen received criticism from the “consumer authorities” of Europe, as the former failed to guarantee that the following steps to mend the “Dieselgate scandal”...

Booking Holdings Invests ‘$500 million’ In Didi

In an “aggressive” overseas expansion plans Didi and Booking Holdings enter into in an agreement enabling the users of the either services to avail the other’s services. The “Booking Holdings Inc”, a travel firm of the U.S. has invested “$500 million” on Didi Chuxing, the ridesharing app of China....

Autonomous Flying Aimed By Boeing, Creates New Internal Division

US based Aircraft making giant Boeing is now all set to get into the fast growing market of autonomous flight. The company has recently announced the creation of a separate internal division in the company that would look into the prospects of this market segment.   The division has been...
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