Daily Management Review
Business & Finance

FIdelity, Facebook help Bitcoin hit six-months high

On Monday, the value of Bitcoin updated the sixteen-month maximum, hitting above the level of $ 11 thousand. The volume of open positions in futures contracts for the digital currency updated the historical maximum. Institutional investors are increasing their investment in crypto assets because...

US Eldorado Resorts casino chain to buy Caesars Entertainment for $ 8.7 billion

The American casino chain Eldorado Resorts and its competitor, Caesars Entertainment, have reached an agreement on a merger, reports Bloomberg, citing sources. Officially, the deal can be announced on Monday, June 24th. Under the terms of the agreement, Eldorado Resorts is expected to pay $ 8.7...

Demand And Technology Surge Yet Profitability From EV Seems A Difficult Task

Pushed by demand Toyota aims at speeding up its EV schedule. The Toyota Motor Corp has put up an aim of turning fifty percent its sales to EV vehicles by the year of 2025, whereby pushing the aim five years ahead of the schedule, while it may also collaborate with “Chinese battery makers” for...

Case Against US Commerce Department Filed By Huawei Over Its Seized Equipment

A number of media reports quoting a court filing by the Chinese tech giant Huawei Technologies Co Inc., a legal case has been filed against the United States Commerce Department wherein the telecom equipment making company has challenged to examine whether the Export Administration Regulations...

US Airline Regulator Prohibits Flights Over A Portion Of Airspace Controlled By Iran

United States airline operators have been asked not to fly crafts over the overwater area of Tehran-controlled airspace over the Strait of Hormuz and Gulf of Oman because of the increased between the US and Iran. This emergency order was issued to te US operators by the US Federal Aviation...

US Steel to reduce production due to lower demand

US Steel has announced shutdown of 3 blast furnaces in the United States and Europe. The planned reduction in the production of rolled products by the American company can amount to 350 thousand tons per month. In a forecast for the financial statements for the II quarter of the year, US Steel Corp...

Volvo Strikes Partnership With Nvidia To Develop Self-Driving AI Technology

Sweden based auto manufacturing company AB Volvo – known for its high performance trucks, has partnered up with Nvidia to jointly develop technologies based on artificial intelligence that would be put to use for development of self driving vars. Last year, a prospective partnership between Nvidia...

BMW To Maintain Its Mexican Plans Amid Threats Of U.S. Import Duties On Vehicles

BMW has plans of manufacturing cars in its new Mexican plants and shipping them to the U.S. The German auto manufacturer BMW is not going to alter its plans for Mexico while the U.S. threatens the country to impose import duties on Mexican goods, informed a board member of the company and added...

Idea Of Stopping Extradition Of Huawei CFO To United States Rejected By Canada

Suggestions being put forward to the Canadian government to block the extradition of the chief financial officer of he Chinese telecom and tech giant Huawei Technologies to the United States has been turned down by the government.   Canada’s Foreign Minister Chrystia Freeland dismissed such...

More To Combat Fake News Needs To Be Done By Facebook, Google And Twitter: EU

The European Union wants tech companies Facebook, Google and Twitter to do much more to fight fake news amidst suspected threats from Russia, even though the European Commission acknowledged that the companies in question had ramped up their efforts to tackle the menace of fake news before the...
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