Daily Management Review
Business & Finance

Boeing ends 2020 with a record $12bn loss

US aerospace corporation Boeing presented its financial statements for the fourth quarter and 2020 as a whole. The company's revenues fell 24% to $58.2bn last year, with a net loss of $11.9bn compared to a net loss of $636m a year earlier. In addition, Boeing announced another postponement of the...

Merck & Co. quits the race to develop COVID-19 vaccine

US pharmaceutical giant Merck & Co has withdrawn from an active battle to develop a vaccine against COVID-19. According to The Daily Telegraph, the reason is that the vaccine, created by Merck together with the International Aids Vaccine Initiative (IAVI), did not produce a sufficient immune...

'False' Content on Twitter can now be flagged by its users

Users of Twitter are being asked to help out the company to fight fake news.   A pilot project has been announced by the social media company that will allow the users of the micro blogging site to make and submit notes on tweets that they believe could be completely be false or misleading....

EV Charging Company Ubitricity To Be Purchased By Royal Dutch Shell

The electric-vehicle (EV) charging company Ubitricity will be purchased by Royal Dutch Shell as a part of the target of the company to become a net zero carbon emission company by 2050.   With this deal, the FTSE 100-listed energy company will be able to enter the on-street EV charging...

A New Proposed Law Could Force Google Out Of Australia

The Australian government is bringing a new law related to a  long standing demand on the need for tech companies to pay for news that appear in search results or those that are shared on its various platforms.   If the proposed law is passed, it would mean that the United States based...

Electric Car Sale Globally Increased In 2020 Despite Pandemic Hit

According to data published on Tuesday by EV-volumes.com, a Sweden-based consultancy, even though there was a decline by at least 25 per cent in the sale of cars globally on the overall because of the Covid-19 pandemic, the sale of electric cars globally increased by as much as 43 per cent to more...

French Total buys $2.5bn stake in Indian solar energy market leader

French energy company Total announced on Monday that it has bought a 20 percent stake in India's Adani Green Energy Corporation, one of the world leaders in the solar energy market. Under the deal, Total will receive a seat on Adani Green Energy's board of directors, a 20 percent stake in the...

Xiaomi shares lose 11.8% after blacklisting in the U.S.

Shares of Chinese technology company Xiaomi fell 11.8% at the opening of trading on the Hong Kong Stock Exchange on Friday after the U.S. decision to blacklist the company, according to the exchange. The day before, it became known that the U.S. administration has included nine Chinese companies,...

Trump administration rejects ban on investments in Alibaba, Tencent and Baidu

Trump administration has abandoned plans to blacklist technology giants Alibaba, Tencent and Baidu as companies working for or under the control of the Chinese military, four people familiar with the matter told Reuters. One of them added that Washington plans to include nine more organizations on...

New Fintech Startup To Be Created By Walmart In Partnership With Ribbit Capital

A new fintech start-up will be launched by the largest retailer of the world Walmart in partnership with Ribbit Capital which is one of the major investors in Robinhood.   No details about the name of the new venture or the time when it would be launched were provided by the retailer. The...
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