Daily Management Review
Business & Finance

Usain Bolt, One Of The Best Sprinters Ever, Said Facing 'Stressful Situation' In Efforts To Retrieve Lost Millions

The world record holder in the men’s 100 and 200 metres sprint Usain Bolt that he was facing a "stressful situation" as he was attempting to retrieve more than $12.7 million that has mysteriously gone missing directly from an account that he had with an investment firm in Jamaica.   Earlier...

Auto Giants GM, Ford Need To Convince Investors About Their Profitability In The Face Of Falling Prices

Next week, General Motors Co. and Ford Motor Co. are expected to report strong profits for 2022, fueled by premium-priced pickup trucks and SUVs (SUVs).   Now, the Detroit rivals must persuade investors that last year's profit formula will continue to work as EV battery costs rise, high...

Tata's Air India To Secure Half Of The Jumbo Plane Order

According to industry sources, Air India will sign a half-order for 495 jets with Boeing and engine suppliers General Electric and CFM International on Friday, as its new owner seeks to revitalize the airline and compete with larger rivals.   Air India is set to place an order for 190 Boeing...

Scrutiny Of Adani Group To Be Increased By India Market Regulator

According to two sources familiar with the matter, India's market regulator has increased its scrutiny of Adani Group transactions in the last year and will study a report issued by short-seller Hindenburg Research to supplement its own ongoing preliminary investigation into the group's foreign...

Shell may withdraw from UK, Germany and the Netherlands businesses

The energy major Shell is thinking about getting out of the retail electricity industry in the Netherlands, Germany, and the United Kingdom. The business cited challenging market conditions as the cause. Shell made it clear that it has started to assess the three businesses' strategic direction....

Insolvent Crypto Lender Genesis Positive Of Resolving Its Conflicts With Creditors

The cryptocurrency lender Genesis Global Capital had some hope of resolving its conflicts with creditors by this week, with the aim of exiting Chapter 11 by late May, said a lawyer for the bankrupt firm.    The lawyer, Sean O'Neal, testified at an initial hearing in...

Reduce Lead And Cadmium Levels In Your Dark Chocolate, Consumer Reports Urges Chocolate Makers

Four companies that make chocolate were urged by non-profit organization Consumer Reports to agree to bring down the percentage of lead and cadmium that are found in the dark chocolate products that they manufacture. The organization has also set a timeline by Valentine's Day to adhere to the...

Gates Foundation invests in development of a methane-reducing feed additive for cows

The Bill Gates Foundation has invested in an Australian that is creating a feed additive that causes cows to release less methane into the environment. Australian business Rumin8 Pty. has received funding from Breakthrough Energy Ventures (BEV), an investment company formed by Bill Gates, the...

India ICICI Bank's Profit Increases 34% From October To December, While Yes Bank Reports An Unusual 80% Fall In Quarterly Profits

Backed by enhanced revenues and a good growth om loans disbursed, India's ICICI Bank reported a 34.2% rise in its net profit for the October-December quarter.   The net profit for the quarter was 83.12 billion Indian rupees ($1.03 billion), compared to 61.94...

Nokia signs new agreement with Samsung on 5G patents

Nokia and Samsung recently struck a new agreement with regard to the continued use of patents in the 5G area. According to a press release from Nokia, the Finnish manufacturer of telecommunications equipment has reached an agreement with the South Korean company Samsung on the continued use of...
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