Daily Management Review
Business & Finance

Global Chip Shortage Could Take Several Years To Resolve: Intel Chief

The global shortage of semiconductors has caused shit breaks in production of car of many global automakers while it is also affecting production in other industries such as in the consumer electronics.   However the problem is likely to remain for several years before it can be completely...

Bill and Melinda Gates foundation to change management structure after Gates' divorce

The management structure of the Bill & Melinda Gates Foundation will change after their divorce, according to The Wall Street Journal. The former spouses are discussing several different options, according to the magazine, with the main one involving the creation of a new governing body, a...

"Tsunami Of Closures" Faced By British Retailers Without Government Help

According to the warning of the industry lobby group the British Retail Consortium (BRC), if the British government does to extend the moratorium on aggressive debt enforcement, there will be a "tsunami of closures" in the retail sector of the country. This warning was issued by the industry body...

EU Gives TikTok A Month To Respond To Charges Of Consumer Rights Breaches

The Chinese owned shirt video sharing app TikTok is alleged to have violated the consumer laws of the European Union and has also allegedly failed to protect children from hidden advertising and inappropriate content, according to complaints filed by EU consumer groups with the regulator of the...

US Will Remain Its Vital Market Despite Retail Exit, Says HSBC

After the British lender HSBC announcing the sale of its mass market retail banking business in the United States, it reiterated the importance of the market as being hey to its growth plans even though it has for long struggled to make a strong profit in the market because of intense competition...

Global Auto Firms In China Rush To Store Car Data Locally As China Proposes New Rules

There is growing pressure on auto companies in the biggest car market of the world - China, over how these companies deal with information from vehicles and this has prompted foreign auto companies like BMW, Daimler and Ford to set up facilities in China for storing data generated by their cars...

Airbus Ramps Up Target For Jet Output While Betting On Aviation Recovery

Its production targets were increased by the European airplane maker Airbus on Thursday, reflecting signals of a global recovery and strengthening its position prior to a meeting with its suppliers about how to share investments that will be needed to take the aviation sector out of its pandemic...

Big Warning Delivered To Big Oil Companies On Climate Change By Shareholders And Court

While a Dutch court ruled that more needs to be done by the oil major Royal Dutch Shell to accelerate the reduction in greenhouse gas emissions, top two oil companies of the United States were rebuked by shareholders for delaying efforts to address climate change.   "Today was a stark...

US fintech start-up Acorns to go public via $2.2B SPAC merger

US fintech start-up Acorns has announced that it will go public via a merger with a specialist target mergers and acquisitions (SPAC) company. Acorns has already reached an agreement with SPAC Pioneer Merger Corp. for $2.2 billion. The deal is expected to close in the second half of the year, after...

US will hold Amazon accountable for price hikes

Washington Attorney General Karl Racine has announced the filing of an antitrust lawsuit against Amazon Corporation. He said the company's policies were driving up prices for consumers, CNBC reported. The grounds for the lawsuit were price agreements, which, according to the plaintiffs, prevent the...
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