Daily Management Review
Business & Finance

Huawei Chairman Says Its 2020 Revenue Had Grown Despite US Sanctions

The Chinese telecom equipment making giant and smartphone maker Huawei Technologies reported a small growth in its profits for the entire of 2020 which was in line with expectations of analysts and experts.   The company reported this profit even though it faced stiff sanctions from the...

Facebook To Restore Australia News After Changes In New Content Laws

After agreeing with the Australian government on some changes in the proposed new content law to be brought in the country which forces tech giants to pay for media content from local news outlets, the social media giant Facebook said on Tuesday that it will restore Australian news pages that it...

2021 Could See Revival Of Global Dividend Payouts – Says A New Study

According to a new report, there could be as much as a 5 per cent rebound this year in the global dividend payments. This was good news for investors since the biggest slump in dividend payouts since the financial crisis more than a decade ago had been witnessed last year because of the novel...

Renault reports multi-billion damage

French carmaker Renault has reported a financial loss of €8 billion in 2020. This is the biggest loss the company has suffered since its inception, the car giant said in a report. Working capital fell 8.9 per cent in the second half of the year amid the coronavirus pandemic, and net losses amounted...

Bill Gates Foundation dumps all Alibaba and Uber shares

Bill and Melinda Gates' charitable foundation has divested itself of all its shares in Alibaba and Uber and sold half its stake in Apple. Instead, it has increased its stake in the IT developer, whose shares have risen by around 500% in a year. Bill and Melinda Gates foundation, the Bill &...

People Willing To Pay Extra For Fighting Climate Change, Says Maersk Chief

There is a willingness among people to pay a little bit more for their goods if they know that the extra money will help in addressing climate change, said the chief of the biggest shipping firm of the world Maersk.   Shipping can be a big part of any product's carbon emissions - from...

Legal Challenges Faced By Uber Across The World

The ruling by Britain’s Supreme Court this week that the drivers of the ride hailing company Uber should be treated as employees and were entitled to worker rights such as the minimum wage.   While this ruling is limited to a handful of the company’s driver sin London, analysts said that...

Packaged Food Giants Plan To Directly Push Online Sales To Gather Customer Data

Companies in the packaged food industry are trying to gather more data about the purchasing habits of their customers and this is pushing companies like Kraft Heinz, General Mills and Kellogg to focus on selling of their products to consumers directly through their own online sale channels.  ...

Australia Pushes On With New Content Law Despite Facebook’s News Blackout

The Australian government will continue to push for implementing laws that are designed for force Facebook Inc to pay news outlets for content, said the country’s Prime Minister Scott Morrison, adding that several world leaders had expressed support to his government’s stand after the social media...

Investors are selling off gold, optimism is growing

Gold fell to November's values of $1770 an ounce. The metal lost more than 4% in five days. The decline was due to expectations of global economic growth as well as a hike in US interest rates. Assets of exchange-traded funds, investing in gold, lost almost 40 tons in three weeks and returned to...
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