Daily Management Review
Business & Finance

Amazon Enters Alcohol Delivery Industry In A Key India State, Could Soon Be The Norm For The Country

Amazon could soon be delivering alcohol to customers in India.   The largest e-commerce platform in the world has already secured clearance to deliver alcohol in West Bengal, a state in the Eastern region of the country according to a report by Reuters. This signals the first foray of the...

New Security Weakness Reveled In Disclosure Of Huge Spying On Users Of Google's Chrome: Reuters

A spyware attempt that was discovered recently and one that was downloaded 32 million times through extensions to Google’s market-leading Chrome web browser reflected the failure of the tech industry to provide enough protection to browsers that are being used more these days for emails, payroll...

America’s Ride Hailing Firm Lyft Aims To Have All Electric Vehicles In Its Fleet By 2030

While announcing the all of the vehicles that will be used on its ride-hailing and rental car platform will be electric by 2030, the United States based ride hailing company Lyft has said that it would not provide any direct financial assistance to drivers to convert from gas powered cars to...

Coronavirus Loss Provisioning Results In US Banks’ Profits Plunging 70%

Data from a banking regulator showed that profits at banks of the United States dropped by 69.9 per cent year on year for the first quarter for the current year to touch $18.5 billion because of the economic impact of the novel coronavirus pandemic.    The "deteriorating economic...

Saudi Aramco buys 70% in Sabic for $69.1B

Saudi Aramco closed a deal to buy a stake in the Saudi petrochemical company Sabic from the Saudi National Wealth Fund's Public Investment Fund (PIF), Aramco said. The company paid $ 69.1 billion (259.125 billion riyals) for 70% in Sabic. “Closing the deal expands Saudi Aramco’s presence in the...

Details Of Physical Sales Through App Store Revealed By Apple-Backed Study

The App Store of United State based tech giant Apple helped to generate sale revenues worth $458 billion last year, showed a study that was backed by the iPhone maker that was released on Monday.  These sales revenues were generated from categories such as retail of physical goods,...

Iraq agrees with foreign companies to reduce oil production in June

Iraq has agreed with foreign companies to further reduce oil production in June, as the country is trying to improve its execution of the OPEC + deal, Reuters reported citing several unnamed sources working at the affected oil projects. According to the agency’s interlocutors, Russian Lukoil will...

Legal Action Launched By Airlines Against New Quarantine Policy Of UK

The British government has imposed a 14 day mandatory quarantine for all incoming air travelers. This policy has not gone down well with the airlines of the country.   This has prompted three major airlines to launch legal action against the British government. The airlines called the new...

Unilever Proposes End To Its Anglo-Dutch Structure, To Shift Base To Britain

With the aim of giving itself more flexibility for mergers and acquisitions amid the economic and business hit due to the novel coronavirus pandemic, Unilever has proposed to set up a single company in Britain and to do away with its dual Anglo-Dutch legal structure.   The dual structure of...

Thousands of UK pubs will not be able to open without government help

In the UK, several thousand pubs will not be able to resume work when the restrictions associated with the coronavirus are lifted, The Independent writes on Thursday. According to the newspaper, the trade industry organization UK Hospitality sent a letter to the country's ministers, in which it...
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