Daily Management Review
Business & Finance

Amazon promises customers $10 each for palm prints

Amazon will pay $10 each to customers who link their palm prints to their accounts. This will allow the company to better target ads and tailor offers. Experts fear that the data collected could be used for surveillance. Amazon has promised to give away $10 worth of coupons to customers who scan...

ConocoPhillips net profit hits $3B in the first half of 2021

US oil and gas giant ConocoPhillips posted a net profit of $3.073 billion for the first half of 2021, compared with a loss of $1.479 billion a year earlier, the company said in a press release. Diluted earnings per ordinary share for the half year were $2.31, compared with a loss of $1.37 a year...

Heineken increases net profit by 5.5 times in the first half of 2021

Heineken N.V. reported revenues of €11.97 billion in the first six months of the year, up 7.3 percent year-on-year. At the same time, the brewer's net profit rose 448% to €1 billion. The same period in 2020 ended with a loss of €297 million for the company. The company notes that the increase was...

FT: Major labels reject Spotify's idea of reducing royalties in exchange for promotion

Three major music labels - Universal Music, Sony and Warner - have turned down an offer from streaming service Spotify to participate in the Discovery Mode marketing programme, the Financial Times (FT) reports, citing sources close to the situation. The terms of the programme involve Spotify...

New CDC Report Shows 74% Infected In Covid-19 Outbreak In Massachusetts Were Fully Vaccinated

New data released Friday by the Centers for Disease Control and Prevention of the United States showed that about bout three-fourths of people infected in a Coviud-19 outbreak in Massachusetts, US, were completely vaccinated against the disease and four of the infected had to be hospitalized....

Unusual Cold Wave In Brazil Threatens Coffee, Cane And Orange Crops

Coffee, sugarcane and orange crops in Brazil were threatened with frost as temperatures in the country dropped on Thursday – even with a rare snowfall overnight in some places, as a polar air mass moved toward the center-south of the country which is a global powerhouse for agricultural produce....

Altria suspends IQOS distribution in the US

Altria Group is forced to postpone its conquest of the US market. The company announced that it is suspending further distribution of its IQOS tobacco heating system due to a patent dispute with British American Tobacco and a possible ban on imports of IQOS into the country. Altria began selling...

Sales of ultra-expensive real estate double in a year across the world

Since the beginning of this year, 785 homes priced over $10m have been sold in the world's biggest metropolitan areas, double the figure from a year ago. Under the threat of inflation, the super-rich are looking for somewhere to invest their money, analysts say. Since the beginning of the year, 785...

Tesla-Rival Volkswagen Boosts Outlook For Margin Again Following Record Profits

Reporting record earnings in the first half of 2021 that surpassed even pre-pandemic levels, German auto major and Europe's largest carmaker Volkswagen increased its profit margin target for the second time in less than three months.   A slew of targets and deals for the current year that...

Mastercard launches new project to support cryptocurrency start-ups

Mastercard has launched a programme to support cryptocurrency and blockchain start-ups. Seven projects have already joined and will have access to "collaboration opportunities, knowledge and tools for growth". Mastercard has announced the launch of a programme to support fast-growing companies that...
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