Daily Management Review
Business & Finance

PwC: Three scenarios for central banks in 2020

Central banks are trying to keep up with the times, being dictated by complexity of activities at the rapidly developing market of financial services. To do this, the financial institutions are conducting researches and analysis of new and unstable market environment. In its new report " Central...

A $1.28 Million New Watch Made from Just One Piece of Transparent Sapphire

Transparency is no more the buzzword and the most desired attribute in politics only. The word has become a genuine trend in the world of luxury watches for a few years now.   For example, in what is described as the first time that the metal sapphire had been cut on such a scale, Hublot...

Miners Face Challenges Creating the World’s Biggest Robots

There are doubts within the global mining company - the Rio Tinto Group, about the delivery of the promises of returns that were once given by mining robots in the face of major rivals defer similar investments. The company has recently found out that creating the world’s largest moving robots to...

The New Business Mecca of Customization

While customization is no new concept in business, it is certainly the buzz word for most sectors today.

Strong Smith & Wesson Earnings Results in U.S. Gun Shares Extend Gains

Following the shootout at a gay nightclub in Florida in which 49 people were killed and amidst fears and apprehensions that the US government would soon enact stringent gun control regulations, shares of firearm makers surged after a strong quarterly report from Smith & Wesson Holding Corp...

Cheap oil is boosting sales of SUVs

Due to the fall in oil prices and, consequently, of gasoline around the world, sales of SUVs, light trucks and other vehicles that consume a lot of fuel are growing. It is expected that this year SUVs and light trucks will overtake almost a third of all cars sold in China. Sales of such cars are...

VW Diesel Emissions Settlement Deadline Extended by US Judge

Volkswagen AG, U.S. government regulators and owners of nearly 500,000 2.0 liter vehicles have been given time till June 28 by a U.S. judge to arrive at a final diesel emissions settlement between them.   In addition to a fund to promote green automotive technology and an environmental...

Twitter invested $ 70 million in "YouTube for music"

Twitter has acquired a stake in music service SoundCloud. This was announced by Recode, citing sources familiar with details of the transaction. SoundCloud is going to attract about $ 100 million in the new round of funding. Of these, $ 70 million will come from Twitter. SoundCloud’s business on...

A Rapid 14 Year Growth of LinkedIn Led to the $26.2bn Microsoft Deal

From a brainwave in a tech entrepreneur’s living room to a $26.2 billion takeover target, LinkedIn’s journey took only 14 years to attain the stage where it is now.   The idea for LinkedIn was hatched from the apartment of Reid Hoffman, 48, in December 2002. This was a short time after the...

Gawker Media to go up for Sale as it Files for Bankruptcy

After a $140 million court judgment against it in a lawsuit brought by former professional wrestler Hulk Hogan over a sex tape, Gawker Media LLC, an online publishing pioneer, filed for Chapter 11 bankruptcy and put itself up for sale.   There were revelations that billionaire investor Peter...
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