Daily Management Review
Business & Finance

Second Bank Faces Malware Attack while BAE Claims Bangladesh Bank heist similar to Sony Hack

While global financial network SWIFT disclosed a previously unreported attack on a commercial bank, the hack at Sony Corp's film studio in 2014 was connected to the cyber heist of $81 million from the Bangladesh central bank by investigators probing it.   Cyber-security firm BAE Systems said...

London is a snug place for super rich

London hosts more billionaires than any other city in the world, says a new study of Wealth Insight. The capital of the UK is a haven for 4400 super-riches, the net assets of whom amounted to $ 30 million or more, indicate Wealth Insight data for 2015. This is by 0.8% more compared to the previous...

Low-cost SUVs to be made by Hyundai to Battle Chinese Rivals: Reuters

News Agency Reuters reports that from next year, three low-cost sport utility vehicles (SUVs) would be launched in China by Hyundai Motor and affiliate Kia Motors. China is the largest market for them.   Deviating from their strategy of appealing to price-conscious Chinese buyers with older...

Reports of Takeover Interests Causes Monsanto Shares to Jump

Highlighting the drive for further consolidation in the agro seed sector, news reports that Bayer AG and BASF SE were interested in acquiring the world's largest seed producer saw shares of Monsanto Co rally as much as 12 percent on Thursday.   People familiar with the matter told Reuters on...

Swatch to introduce its 'smart' model to the European market

Swatch Company entered into a cooperation agreement with the payment system Visa Europe and Swiss Corner Bank. Within the new project, Swatch Bellamy smart watch will be equipped with the NFC-technology, which can be used for contactless purchases. "Bank customers can create a register entry by...

Zynga's office is more expensive than the company's whole business

After a long series of setbacks that have plagued the American developer of browser games Zynga, the company's value may be less than its own headquarters in San Francisco. Zynga has long been experiencing difficulties with development of the business models and strategies to promote its products....

Face Off for Google and Oracle over Innovation Label in Android Retrial

A $9 billion copyright retrial has brought Oracle Corp and Google face to face in a legal battle over program copy rights.   In the law suit Oracle has accused Google of stealing programming which helped the latter to become the world's leading smartphone player. On the other hand Google...

Big oil companies gave up the US licenses on drilling in the Arctic

Major oil companies, including Royal Dutch Shell, ConocoPhillips and Statoil, refused the US government’s licenses to drill exploratory wells in the Arctic. Total cost of the denied permissions amounted to $ 2.5 billion. Oil majors gave up the rights to drill in an area of 2.2 million acres (about...

Find Your Favourite Nail Polish Taste With KFC

The new KFC addition will make its customers literally lick their fingertips. The giant of fried chicken trends, KFC, has launched a new product that sends its tag line “finger lickin’ good” to yet “another level. The new addition to KFC’s menu features “two edible nail polishes” which has a...

Supply Disruptions Outweighing Brimming Storage Can Result in Gain in Oil Prices

Worries over brimming inventories and a looming refined products glut were overweighed by some 2.5 million barrels of daily production that have been taken off the market due to the supply disruptions in Canada and elsewhere resulted in rise of global oil prices for again on Tuesday.  ...
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