Daily Management Review
Business & Finance

Work From Home Is Not The 'New Normal', Says Goldman Sachs Boss

Working from home or remote working should not be considered to be a a “new normal” according to Goldman Sachs boss David Solomon, who has described this phenomenon which got traction during the Covid-19 pandemic as an “aberration”.   There was less than 10 per cent of the staff of the...

Possible News Licensing Deals In Canada Being Contemplated By Facebook

Following the tussle with the Australian government over payment of fees to local news outlets and publishers for news content on its platform, the social media giant Facebook Inc. has been reported to be exploring the possibilities of striking licensing agreements with Canadian media outlets in...

Tesla rival decides to go public with a $24B deal

US premium electric car maker Lucid, founded by a former Tesla engineer, has agreed to go public without an IPO. The company wants to merge with another company that has already been listed. The value of the combined entity after the deal is estimated at $24bn. Founded by a former employee of Elon...

GameStop shares jump by over 100% again

A day earlier, GameStop announced that its CFO, Jim Bell, would step down on 26 March. The company's shares were up 103.9 per cent at the close of trading on Wednesday. GameStop shares soared by over 100 per cent on news of the resignation of chief financial officer Jim Bell, CNBC reports. It may...

Amendments To New Content Law Expected To Be Approved By Australian Lawmakers

Even though there is expected to be some opposition from some minor political parties, it is widely expected that the amendments to the landmark legislation for forcing Facebook and Alphabet’s Google to pay media companies for news content will be approved by Australian lawmakers.  ...

‘Very Serious’ Chip Shortage Globally Will Affect Daily Operations For Months, Warns Porsche CEO

A “very serious” shortage of semiconductors globally could affect the daily operations over the coming months at the German luxury car maker Porsche, warned the company’s chief executive.   “The semiconductor topic is a very serious one because the whole industry is affected because of the...

Apple regains global leadership in smartphone sales

Research company Gartner has published statistics on the global smartphone market, according to which in the fourth quarter of 2020 the American corporation Apple has climbed to the first place by the number of devices sold. For the first time since 2016, Apple managed to overtake Samsung and...

Semiconductor shortages in automotive industry may affect production in the coming months

CEO of German carmaker Porsche, Oliver Blume, said that the problem with the semiconductor shortage in the automotive industry is very serious because it affects the whole industry. There is strong demand for semiconductors from consumer electronics manufacturers and car production is recovering...

Huawei Chairman Says Its 2020 Revenue Had Grown Despite US Sanctions

The Chinese telecom equipment making giant and smartphone maker Huawei Technologies reported a small growth in its profits for the entire of 2020 which was in line with expectations of analysts and experts.   The company reported this profit even though it faced stiff sanctions from the...

Facebook To Restore Australia News After Changes In New Content Laws

After agreeing with the Australian government on some changes in the proposed new content law to be brought in the country which forces tech giants to pay for media content from local news outlets, the social media giant Facebook said on Tuesday that it will restore Australian news pages that it...
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