Daily Management Review
Business & Finance

H&M profit jumps by 11% in 2018-2019

The revenue of one of the world's largest clothing retail chains Hennes & Mauritz (H&M) in the fiscal year 2018-2019 (ended November 30) grew by 11% in annual terms, to 232.764 billion Swedish kronor ($ 24.9 billion), according to company press release. Revenues in local currencies in the...

Softbank’s China Bets Add To Its Other Global Woes

The lackluster performance of the Chinese companies in which Japanese investment conglomerate SoftBank had invested in has added to the woes of the company that it has faced with some of its other best in the west such as Uber and WeWork   While its massive Vision fund has apparently run...

Spam Detection And Verified Business Messaging In Messages To Be Rolled Out By Google

Two new features for its Messages app for the Android operating systems are set to be tolled out by Google, the United States based search engine giant announced on Thursday. The two features are designed to help the message users of Google to weed out any form of annoying messages and to know...

Action Against Harassment, Racist, Sexist Videos On Its Platform Announced By YouTube

Another tough measure to tackle the spread of hateful and violent speech through its site is being taken by YouTube.   Those videos in which there are insults hurled at people on the basis of race, gender expression, sexual orientation or other “protected attributes” would be deleted from...

Facebook And Google To Face Strict Scrutiny Over Market Dominance In Australia

A call for the Australian government to take appropriate action against the market dominance of Facebook and Google in Australia was given by the Australian Competition and Consumer Commission (ACCC) in a 600-page report released in July.   Responding the exhaustive report that explains the...

Saudi Arabia takes the gauge of probable Aramco listing in Asia

Saudi Arabia held a series of meetings with international investors to assess the prospects for listing shares in Saudi Aramco in Asia, the Wall Street Journal reported citing sources familiar with the situation. "Saudi officials have held meetings with international investors over the past weeks...

Amazon Secures Historic Champions League Broadcasting Rights In Germany

Amazon, the largest online retailer of the world has secured exclusive German rights to a package of Champions League matches after the company had successfully managed to live stream top-flight English football for the first time. This move, according to analysts, by Amazon shows that it has now...

Saudi Aramcos’ IPO Values The Company At $1.7 Trillion

The valuation derived form from its initial public offering (IPO) was $1.7 trillion for Saudi Aramco which is now officially now the world's most valuable company. The Saudi Arabian state owned oil giant raised $25.6 billion from the IPO.     The valuation of Aramco was comfortably...

EU opposes Facebook's Libra

EU authorities have opposed use of the Facebook cryptocurrency. EU finance ministers did not support use of stable-rate cryptocurrencies, the so-called stablecoins, in their countries. The reason was the lack of legislation and difficulties with regulation. According to Reuters, the first thing...

Italian Tax Agency’s High Valuation Of Chrysler To Be Challenged By FCA

The claim of the Italian tax authorities that Fiat Chrysler Automobiles underestimated the value of its American business by 5.1 billion euros ($5.6 billion) during the acquisition of Chrysler has been strongly opposed by FCA, the company said recently.   "We are confident we will...
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