Daily Management Review
Business & Finance

General Motors refuses to buy a stake in electric cars manufacturer Nikola

General Motors announced that it is revising its agreement with electric vehicle maker Nikola Motor: GM is no longer going to buy a stake in the company. Nikola shares fell 25% after the current announcement. In September, GM announced its intention to buy 11% of Nikola's shares for $ 2 billion....

Sweden's Ericsson Forecasts Rise In 5G Subscriptions By Year End To 220 Million

Based on its expectations of a faster than expected demand a d sale in the Chinese market, Swedish telecom company Ericsson increased its forecast for the current year for 5G mobile subscriptions to reach at least 220 million.   The company expects that the demand and sale form consumers in...

Topshop owner is on the verge of bankruptcy

The owner of the popular Topshop and Topman clothing shops, UK billionaire Philip Green, was on the verge of bankruptcy. According to Sky News, in the next few days the company may be taken over by a temporary manager. The Arcadia Group of British billionaire Philip Green (total assets with his...

HSBC Could Exit U.S. Retail Banking Sector

Would transformational steps in HSBC’s U.S. business lead to a total exit from banking sector in the country? HSBC Holdings Plc is looking into the options of completely coming out of “retail banking in the United States”. This is being considered after the bank narrowed down on options for...

Covid-19 Vaccine Maker AstraZeneca Targeted By Suspected North Korean Hackers: Reuters

With the British drug maker AstraZeneca close to deploying its vaccine for the Covid-19 virus, hacking attempts had been made into the systems of the British drug maker by suspected North Korean hackers, according to a report  by the news agency Reuters quoting information from sources with...

Meteoric Rally Of Tesla Pushed Its Market Value Crosses $500 Billion

The fortune of the United States based electric car maker Tesla has been particularly hood this year. So far this year, the stocks of Tesla have grown by almost 524 per cent.   Tesla notched up another milestone last week after it was accepted to become a part of the S&P 500 index...

New Service For Women To Choose Only Women Passengers Launched By Didi In Mexico

Female drivers of the Chinese ride-sharing company Didi will now be able to select only other women as their passengers under a new service that the Chinese firm has rolled out in Mexico this week.   This new service is a measure by the company aimed to enhance and ensure the safety of its...

Stanhope Capital, FWM Holdings merge to create one of the largest independent management funds

The holding company FWM Holdings, which owns the Forbes Family Trust and the American foundation Stanhope Capital Group, as well as foundations Optima Fund Management and LGL Partners, have announced a merger. The deal will result in one of the world's largest independent private equity funds with...

Chocolate Maker Hershey Avoid African Premium To Grab A Large Volume Of Cocoa From Exchange

A sizeable amount of cheap cocoa from futures exchange ICE will be bought by the United States based chocolate maker Hershey Co. This development also underscores the issues being faced by cocoa producers in Africa to sell their products at a premium which was recently agreed to with buyers, said...

Application For Emergency Use Of Its Covid-19 Vaccine Filed With The US FDA By Pfizer

In what is being considered to be a major step toward providing protection against the novel coronavirus, an application for emergency use authorization (EUA) of its Covid-19 vaccine was filed with the United States health regulators on Friday by Pfizer Inc.   It was just day that final...
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