Daily Management Review
Business & Finance

Chinese Buyers Seize Luxury Properties As "Hard Currency" In The Weak Real Estate Market

Luxury property is defying the downward trend in Shenzhen, a city in southern China where the real estate market has slowed, according to a report published on Monday by the official Securities Times. This is because wealthy buyers are looking for a haven in an unstable market.   604 units...

Fitch affirms ratings of major U.S. banks

The long-term issuer default ratings (IDR) of four of the largest U.S. banks, including Bank of America Corp. (BofA) at "AA-", Citigroup Inc. at "A," JP Morgan Chase & Co. at "AA-," and Goldman Sachs at "A," have been confirmed by international rating agency Fitch Ratings. The banks' rating...

Unilever Breaking Merger Agreement Over Israel Sale, Claims Ben & Jerry's Founders

On Sunday, Ben & Jerry's founders claimed on MSNBC that parent company Unilever PLC had broken the terms of the 2000 merger agreement by selling the Ben & Jerry's business in Israel to a local licensee who could then sell their products in the West Bank.   "That agreement gave...

Launch Of A Fossil Fuel Registry To Identify "Stranded Assets"

Monday saw the official launch of the first global registry of oil and gas reserves, production, and emissions, according to Carbon Tracker and Global Energy Monitor, which includes information on more than 50,000 fields.   In order to help investors better understand which assets may be at...

Volkswagen plans for Porsche's IPO

Volkswagen plans that the manufacturer of sports cars Porsche will go public through Volkswagen at a valuation of $70 to $75 billion. The offering might rank as the second- and third-largest in all of Europe. Porsche, the luxury sports car manufacturer, will be put for an initial public offering...

Adobe to buy Figma graphics editor

A definite agreement has been reached for the purchase of the graphics editor Figma for $20 billion by American software company Adobe. According to a statement from the firm, Adobe "today announced a definitive deal to merge with and acquire Figma, a premier collaborative website design platform,...

New Report Finds Sales Of Coffee Chains In The US Hike 10 per cent Close To Pre-Pandemic Levels

According to a report released on Tuesday, sales by branded coffee shops in the United States increased 10per cent in the 12 months to June 2022 to reach $45.8 billion, a value that is 96per cent of pre-pandemic levels, while the number of stores surpassed levels seen before 2020.  ...

Six U.S. tech giants lose over $500B in market cap

Stocks of American technology businesses fell after the release of the U.S. Department of Labor's inflation data, which was worse than expected. CNBC estimates that the six biggest technology companies in the United States lost more than $500 billion in market value. Six significant U.S. technology...

Twitter shareholders approve sale to Elon Musk

Elon Musk's offer to purchase Twitter for $44 billion was approved by Twitter shareholders at a special meeting, according to CNBC. Twitter has already taken the world's richest man to court to force him to finalize a deal to purchase the social network for $44 billion. In turn, Musk is attempting...

Amazon Makes A Move To Remove Seatbelt Alarm Blockers In The US And The UK

The e-commerce behemoth Amazon.com Inc. announced on Friday that it is working to remove products that disable car seatbelt alarms from marketplace listings in the United States and the United Kingdom, one day after the company did the same in India.   According to Amazon, it was...
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