Daily Management Review
Business & Finance

White House To Discuss Huawei Ban With Executives Of US Tech Firms

The issue of the ban on American companies on selling anything to the Chinese tech company Huawei Technologies Co Ltd will be discussed between the executives from semiconductor and software companies and the White House economic adviser Larry Kudlow, according to reports quoting sources with...

Global Memory Chip Price Spikes Over Japan-South Korea Export Spat

Analysts issued grim indications of "never seen before" hike in prices of memory chips with the prices rising for the first time this year. This is driven by the fears of a supply disruption in the industry because of a trade related dispute between Japan and South Korea.   There has been a...

Second Fine Over Market Abuse Slapped By EU On Qualcomm

The San Diego, California, United States based chip making giant Qualcomm was handed over a second antitrust penalty by the European Commission. The largest chip maker of the world was slapped a fine of 242 million euros or $272 million by the European antitrust regulator over a case that dates...

eBay profit declines by 12.3% in the first half of 2019

The net profit of the world's largest online auction site eBay declined in the first half of the year by 12.3% in annual terms to $ 920 million, the company said. Diluted EPS was $ 1.04 versus $ 1.03 a year earlier. Revenues increased by 2.1% to $ 5.33 billion in the period of January to June. At...

Car Sale In Europe Drops 8% In June

There was a significant 7.9 per cent drop in the sale of new cars in Europe in June and the decline was led by drop in sale of Nissan, Volvo, Honda and Fiat Chrysler Automobiles.   According to data that is available from the industry association ACEA which was published on Wednesday,...

Car sales in Europe hit record low in June

After a slight increase in May, car sales in Europe showed a fall of 7.8%. This is a record decline since December last year. According to the European Automobile Manufacturers Association (ACEA), 1,446,183 vehicles were sold in the EU in June. The association explained this fall mainly by the fact...

Facebook To Wait For Regulatory Approval Before Rolling Out Libra

Facebook would be waiting till it gets clearances and approval from regulatory authorities before it would launch and roll out its planned and announced digital currency Libra according to a statement issued by David Marcus, the company’s head of Calibra, the subsidiary of the social media company...

Burberry Sale Increase After Rollout Of New Designer's Ranges

An uptick in its first quarter sale was reported by the British luxury brand Burberry following an turnaround strategy of the brand which entailed moving to the stores some of the new designs that were made by its creative chief Riccardo Tisci.   It has been more than a year since the...

Xiaomi invests in Chinese chip maker VeriSilicon

Xiaomi acquired approximately 6% of VeriSilicon Holdings chip maker, supporting reorganization of its strategy, in which it sees semiconductors as a center of innovation. VeriSilicon Holdings is headquartered in Shanghai, and research and development centers are both located domestically and in the...

American Firms Could Start Selling To Huawei Again In Two Weeks: Reuters

American companies may be allowed to start selling their products and technologies to Chinese tech firm Huawei as soon as in two week, reported news agency Reuters quoting information from a senior United States government official. This is also an indication that the reduction of restrictions on...
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