Daily Management Review
Business & Finance

New Renault Chief To Meet Nissan Chief As Alliance Remains Under Strain

Jean-Dominique Senard, the newly appointed chairman of French car maker Renault would be meeting Nissan Motor CEO Hiroto Saikawa for the second time since the French company had appointed him to replace the arrested former chairman of the company Carlos Ghosn in Japan.   This was first...

Renault reports decrease in profit

The French giant Renault is entering the new era without Carlos Ghosn. For the first time in five years, the company reported drop in profits against the background of declining sales in China and the weaker contribution of the Japanese partner Nissan Motor, in which Renault holds 43.4% of the...

Apple to create “Netflix for News”

The new service will be based on subscription: Apple plans to take 50% of the revenue, and share the remaining 50% between all media. Apple is developing a new paid service that will work on the principle of a news aggregator. However, the media don’t like the proposed financial terms of the...

No Huge Gap In Global Crude Market Due To US Sanctions On Venezuelan Oil

Any loss of crude oil in the international market because of the export sanctions imposed on Venezuela by the United States would not have too much impact on the global crude supply as there is enough spare capacity in other oil producers and strategic reserves which is potentially the reason that...

IEA: oil supply will outpace demand in 2019

The International Energy Agency announced that it would be difficult for the global oil market to absorb the fast-growing oil supplies from non-OPEC countries, even with reduction of the group’s production and US sanctions against Venezuela and Iran, Reuters reports. In its monthly report on the...

Australia, French Naval Group to build 12 submarines for € 30 bln

Australian authorities have signed a strategic partnership agreement with the French company Naval Group to build 12 diesel-electric submarines worth € 30 billion (50 billion Australian dollars). The agreement was signed on Monday, February 11, in Canberra by Australian Prime Minister Scott...

Apple is losing China

According to IDC, decline in sales of smartphones in China in the last quarter of 2018 was 9.7%, but for Apple this figure was twice as high - almost 20%. Only Xiaomi feels worse among the market leaders. Thus, there is a tendency in the market when, in the absence of serious differences in the...

Accounts Of Oil Sale Shifted To Russian Bank By Venezuela: Reuters

Customers of the joint ventures of PDVSA, the state run oil company of Venezuela are being asked to make payments of their dues in an account that has been recently opened at Russia’s Gazprombank AO according to a report published by Reuters citing information from sources.   This move was...

Hyperloop comes to India

DP World, one of the world's largest port operators, is launching its first project for the high-speed Hyperloop system in India, according to CNBC. Last year, DP World, the state port operator of the UAE, signed a partnership agreement with Virgin Hyperloop One to develop a freight transportation...

J&J To Exhibit Price Of Drugs On TV Ads, Is The First Company To Do So

One of the largest health care conglomerates in the world Johnson & Johnson has announced that by next month, all of the television advertisements and commercials of its medicines would also carry the price of the medicines. This also makes J&J the first drug manufacturing company to adhere...
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