Daily Management Review

DMR

Don't Miss

Global Plastics Supply Chain Disrupted as China Imposes Steep Anti‑Dumping Duties 05/18/2025

Moody’s Strips U.S. of Final Triple‑A amid Deepening Deficits and Political Gridlock 05/17/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

Economics

Business & Finance

Management

World & Politics

Science & Technology

Art & Art Market

Business & Finance

Adidas profit rises by 13.5% in January-September 2019

Net profit attributable to shareholders of the German manufacturer of sportswear and equipment Adidas AG increased in January-September by 13.5% in annual terms to €1.809 billion. Earnings per share rose to €9.13 from €7.86 a year earlier. Revenues increased by 6.7% to €17.802 billion. Net profit...

Zalando’s 2023 Pledge Towards Sustainable Fashion

Carbon neutrality, elimination of plastic packaging, and promoting sustainable products are among some of the sustainable goals of Zalando to also attain commercial success. Zalando is the biggest online fashion retailer of Europe which revealed its plans of reducing its CO2 emission, eliminating...

Hitachi Planning A Merger With Honda Suppliers In A Bid For EV Technologies

Honda and Hitachi to come together to create “a mega supplier” for delivering “competitive advanced technologies and solutions”. Hitachi Ltd has plans of merging its “vehicle components” arm with three of Honda’s suppliers in an attempt to reduce cost of developing EV markets while receiving better...

Saudi Arabia Announces Much Awaited IPO Of Aramco

A formal announcement for the much awaited initial public offering (IPO) by Saudi Arabia's giant state oil company was made finally on Sunday. Touted to be the largest ever IPO of the world, the company said it would be floating a part of its stocks on the domestic stock exchange as the kingdom...

Case Alleging Discriminatory Ads Against Women & Older People Filed Against Facebook

Yet another controversy has hit Facebook. This time around the largest social media platform of the world has been accused to allowing the use of ad targeting tools on its platforms that arguably have been used for excluding women and older people from availing financial services such as...

Peugeot and Fiat Chrysler sign merger deal

Fiat Chrysler and PSA Peugeot automakers' boards of directors approved the merger on an equal footing, both sides said. The merger will create the fourth-largest car manufacturer in the world, valued at approximately at $ 50 billion. The parties expect to join forces in the development of electric...

Altria announces loss of $ 4.5B investment in Juul

In less than a year, one of the largest tobacco companies in the world lost more than 1/3 of the funds invested in electronic cigarette manufacturer Juul Labs Inc. Altria Group’s statements for the III quarter and 9 months of 2019 note that the company recorded a pre-tax loss of $ 4.5 billion for...

Weak Smartphone Sale, Pick Up In Chip Business In 2020, Says Samsung

Even though the revenues from sale of mobile phones drove the performance of South Korean electronics giant Samsung Electronics in the third quarter, the company expects that its growth next year will be driven by chip sales. A warning that profits from the sale of its smartphones will be...

US coal giant Murray Energy goes bankrupt

Murray Energy Corp., the largest private coal company in the United States, became the last in a series of coal companies to declare bankruptcy. The company filed a bankruptcy petition in accordance with Section 11 of the Bankruptcy Law (restructuring under protection from creditors). "Although...

Qatari Investors Demand Deutsche Bank’s Chairman’s Resignation

Without the Qatari investors’ representative in Deutsche Bank’s board, they will not want to have Achleitner in the chairman’s post. The failure of Deutsche Bank’s chairman to place the lender’s Qatari investors’ representatives in its board didn’t go well with the latter as they have demanded for...