Daily Management Review
Business & Finance

Chinese tech stocks rise sharply after Xi Jinping's speech about blockchain

Chinese investors began to invest en masse in all the companies in the country that are somehow connected with the blockchain. It happened after on Friday, October 25, Chinese President Xi Jinping said that the government intends to actively develop this technology. As a result, the Shenzhen...

China Sales Boost Helps Jaguar Land Rover To Report A Strong Quarter

A steady and large growth in demand and sale of its vehicles in China has propelled the Indian owned British car making firm Jaguar Land Rover (JLR) to report a profit for the latest quarter. In the three months to 30 September, the British company that is now owned by India’s Tata Motors, reported...

Americans Want To Let Their Cars Worry About Driving

Survey reveals that more and more American wish to extend their homes and offices to their cars while the autonomous driving takes charge to safely drop them at their desired destination. Is the car industry ready for it? According to Reuters information nearly forty percent of adult drivers in...

Visa's net profit rises by 17% in 2018-19 fiscal year

Net profit of Visa Inc., one of the two largest bank card service companies in the world, rose by 17% year-on-year to $ 12.08 billion in fiscal year 2018-2019, ending September 30, the company said. In terms of amounts per ordinary share, the company's diluted earnings were $ 5.32, compared to $...

Tesla Pins Hope On China Growth With Its Locally Made Model 3

United States based electric car maker Tesla is eyeing to make it big in the Chinese market, the largest electric vehicles market in the world even as the company post a net income of 143 million U.S. dollars in the third quarter of 2019 on Wednesday, not only beating market expectations but also...

Trial Against Exxon Over Charges Of Falsehood To Investors On Climate Change To Begin

American oil giant Exxon Mobil is set to face an unprecedented climate change lawsuit slated o begin in New York.   The case, which has been filed by the New York state, alleged that vital information about the potential costs of climate regulation to its business was withheld by the company...

Four US companies avoid charges of opioid crisis

According to the Wall Street Journal, four major pharmaceutical companies have come to terms with the two counties in Ohio to escape litigation on charges of fueling an opioid crisis. The fifth accused company, the Walgreens Boots Alliance (WBA), still waits to reach an agreement. Cleveland Federal...

Currency-Pegged Stablecoins Could Be Used For Libra Project, Says Facebook

Having faced with growing and severe skepticism from multiple quarters and regulators over the proposed digital currency of Facebook – Libra, the social media company said that it was ready to use cryptocurrencies based on national currencies such as the dollar in place of the earlier proposed use...

Huawei loses access to Google Apps due to US sanctions

Chinese telecommunications corporation Huawei has problems accessing Google’s applications due to US sanctions. Sources told the Financial Times that the corporation managed to find a replacement for most of the equipment they bought in the US, but so far they have not been able to find an...

News Corp Stories Will Be Delivered On A News ‘News Tab’ On Facebook

A new ‘tab’ is being planned by the social media platform Facebook which will potentially contain news and some of the stories that would be published by the company in that ‘tab’ will be supplied by News Corp, publisher of The Wall Street Journal, the leading social network has now confirmed....
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