Daily Management Review
Business & Finance

BP Completes Formalities for New Joint Venture with Rosneft

With the Russian state-controlled oil group Rosneft looking to further explore and develop one of the largest oil and gas condensate fields in the Siberian region and is on the lookout for financing, it has got a partner in the form of BP that has acquired a 20% stake in Rosneft’s Eastern Siberia...

Musk's Tesla faces German battle over battery-powered homes

If the dream of Elon Musk of millions of households producing all their own power becomes a reality, it will probably happen first in Germany.   But there would be a battle for Musk for market share from the local firms with years of experience in renewable energy.   Global interest...

India's InMobi Is Giving Facebook And Google A Run For Their Money

Global IT giants Facebook and Google are being given tough competition in claiming mobile advertising from a very unlikely source – a small Indian startup.   Since its very recent inception, mobile advertising has been one of the fastest growing new industries and in this field today,...

Accused of Poor Checks on Wealthy Clients, FCA Fines Barclays £72m Over 'Elephant Deal'

Holding a top bank responsible for running the risk of laundering money or financing terrorism by conducting the deal for politically sensitive people, a £72m penalty was slapped on Barclays for an “elephant deal” that it had executed three years ago.   Deals that are worth £20m or more...

In Addition to Hydrocarbon Taxation Support, UK To Create 'Shale Wealth Fund'

The UK is desperate to join the club of elite countries that produce either natural gas from shale formations or crude oil from tight formations at an international level. Only four countries – US, Canada, Argentina and China are members of this club.   And the UK government has pledged its...

Apple Buys out Facial Recognition Technology Startup Faceshift

In what is being termed as “more or less” confirmed reports, Apple is said to have acquired Faceshift.   Faceshift is is a Zurich-based startup focused on creating technology that allows for capturing a person's facial expressions in real-time and using that data to create avatars and other...

Alibaba Browser Upstages Apple's Safari

According to StatCounter, a browser made by UCWeb company, subsidiary of the Chinese giant Alibaba Group, came in second place in the world for installation on mobile phones. Thus, the app has overtaken Apple's Safari browser. UC Browser’s share on mobile phones was 17.42% in the world in October...

Panasonic to Invest in "High-Tech Vegetables"

Japanese Panasonic Corporation continues to develop one of the most unusual areas of its business. Since last week, "high-tech" salad and vegetables are available in supermarkets, restaurants and resorts in Singapore. The products were grown on environmentally friendly "vegetable factory" built in...

Pfizer Allergen Giant Deal Attacked by Politicians in the US

Identifying the deal as an attempt to avoid legitimate taxes, politicians in the US have come down heavily on the $160 billion deal between drugs giant Pfizer's and botox-maker Allergan.   According to the conditions of the buyout by Pfizer, it has been proposed that the merged company will...

‘Major Restructuring’ on the Cards for Rolls-Royce, Jobs to be Lost

A major restructuring program is on the cards for British engineering company Rolls-Royce said its new chief executive Warren East.   The aero-engine maker was already under pressure to outline how it would return to growth after four profit warnings in just over a year. The company is now...
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