Daily Management Review
Business & Finance

Emirates resumes flights on April 6

Emirates Airlines received a personal permission from the UAE authorities to resume flights from next week. This was announced by the chairman of the company, Sheikh Ahmed bin Saeed Al Maktoum. The country's largest air carrier ceased to operate passenger flights on March 25, after authorities...

WSJ: Trump's company is losing $1M daily

The lost revenue of the company of the President of the United States Trump Organization due to the coronavirus pandemic exceeds $ 1 million per day, writes The Wall Street Journal, citing industry data and information from sources. According to the newspaper, the company receives most of its...

Restaurants Hit By Virus Pandemic To Be Supported By Delivery Hero

Restaurants in countries that have been hit by the coronavirus pandemic will be supported by Delivery Hero, one of the top online food delivery marketplaces of the world, by ramping up deliveries to consumers who have been forced to stay at home because of the pandemic, the company said on...

Huawei increases purchases of US technology despite sanctions

Last year, China's Huawei Technologies increased spending on US technology by 70%, despite being blacklisted in the United States. This was announced by the current chairman of the company Eric Xu in an interview with the Financial Times. According to him, in 2019 the company spent $ 18.7 billion...

WSJ: Saudi Arabia can't find buyers for its oil

Within the price war with Russia, Saudi Arabia increased oil production to a peak of 12 million barrels per day. However, the kingdom cannot find buyers of raw materials as demand keeps falling, and tankers full of oil are forced to leave ports without a destination. Saudi Arabia began to increase...

Xerox refuses intention to buy HP

The American corporation Xerox abandoned the idea of acquiring HP amid the economic consequences of the coronavirus pandemic, CNBC reported with reference to the statement of the corporation. "The current global health crisis and the ensuing macroeconomic and market turmoil caused by COVID-19 have...

Marriott data leak exposes over 5M clients

Marriott International, the hotel chain’s managing company of the same name, reported a leak of data of about 5.2 million customers. Access to the information of guests was possible through the application, which is used by the hotel chain to provide services to guests. The leak could have happened...

OneWeb goes bankrupt

OneWeb, which is creating the eponymous global satellite Internet system, has filed for bankruptcy. It was planned that the company would place 650 satellites in low Earth orbit, with 74 vehicles already launched. OneWeb, along with SpaceX, was one of two companies that began creating global...

Volkswagen Could Cut Jobs If Pandemic Persist, Burning $2.2 Billion A Week

The largest auto maker of the world Volkswagen has said that it is burning out about 2 billion euros ($2.2 billion) a week and the German auto group’s Chief Executive Herbert Diess told German TV channel ZDF that if the coronavirus pandemic is not brought under control soon enough, it might need to...

Facebook announces jump in use of services, revenue growth not expected

Facebook Inc. warned that the spread of coronavirus is negatively affecting its business, despite an unprecedented increase in the use of company services. The number of messages sent via Facebook services in the countries most seriously affected by coronavirus soared by 50%, while sending video...
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