Daily Management Review
Business & Finance

UK Suspends Competition Law To Ensure Adequate Supply Of Fuel To Gas Stations

Following a recent panic purchasing by customers in the United Kingdom, the government has announced it would be suspending competition rules to allow oil companies to better target gasoline delivery at gas stations that need the fuel.   Officials stated that the change will make things...

Alibaba invests in Singapore start-up Ninja Van

Alibaba has invested in Ninja Van, a logistics company operating in Asia. New funding round could lift the startup's valuation well above $1bn. Alibaba has invested in Singapore-based logistics startup Ninja Van. The company said in a statement that it raised $578 million in Series E funding, with...

Warnings Of Product Shortages And Delays Issued By Nike And Costco

Nike, the United States based sport wear giant, and Costco, the US based retailer, have both warned of shortages and delays of products as a result of global supply chain issues.   Nike announced that the manufacturing and distribution of their shoes will be affected until next spring...

French Luxury Group Kering Announces Complete Stoppage Of Use Of Fur

In recent years, a number of fashion and luxury brands and houses have stopped using animal fur in line with demands from customers and in response to wider calls for making ethical and sustainable clothing and accessories and the latest fashion brand to join this list is France’s Kering which...

White House Asks American And Other Companies To Provide Information On Chips

On Thursday, the White House pushed automakers, chip firms, and others to share information on the ongoing semiconductor crisis, which has caused production cuts in the United States, and to take the lead in resolving it.   Gina Raimondo, Secretary of Commerce, and Brian Deese, Director of...

Car Defeat Devices As One Used By VW Is Broadly Illegal, Finds EU Court Adviser

The software that was used by Volkswagen AG's to modify the temperature and altitude of pollution emissions is prohibited unless it prevents potentially dangerous abrupt engine damage, according to an adviser to the EU's highest court on Thursday.   If the finding upheld by the Court of...

Credit Card Loans Not Hit By Buy Now, Pay Later Plans, Says TransUnion

It is less likely that those borrowers who apply for "buy now, pay later" or any other point-of-sale financing offers will pay down their credit card bills compared to the general public, according to TransUnion.   According to the findings of a recent study, credit card lenders may not have...

Amid Persistent Chip Shortage, Electronics Makers Hit By Labor Shortages

A trade organization representing electronics makers said on Thursday that it has grown more difficult to recruit skilled personnel, aggravating issues caused by an ongoing chip scarcity and creating product delays.   IPC, which represents contract manufacturers such as Foxconn, chipmakers...

German Automaking Giants Place Growth Hope And Confidence On Hydrogen Powered Cars

While battery power is the most promising technology for the future of car technology, hydrogen could be a viable alternative.   This is the view of major automakers like BMW and Audi. They are currently developing prototypes for hydrogen fuel-cell passenger vehicles alongside their fleets....

Facebook End Deal Negotiations With Australian Media Firms, TV Broadcaster SBS Excluded

Facebook Inc. has ended its negotiating process for licensing agreements with publishers, the social media giant has informed the Australian publishers through an email sent to the industry, said reports. This announcement came six months following the passing of a law that to require tech...
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