Daily Management Review
Business & Finance

PDVSA plans to increase oil production by at least 18% in 2026

Venezuela seeks to boost its oil production by at least 18% in 2026 when compared to the levels in 2025, as stated by the state-run company Petróleos de Venezuela S.A. (PDVSA). This declaration was made by PDVSA's Chief Executive Officer, Hector Obregón, during public talks on the revision of the...

Revolut abandons plans to buy a US bank and will apply for its own license

Fintech startup Revolut has decided to stop its plan to purchase a US bank and instead aims to apply for a banking license in the United States, according to a report by the Financial Times. The newspaper's sources indicate that Revolut is currently discussing with US officials the possibility of...

Bayer shares rise on US Supreme Court decision to hear herbicide case

Bayer's stock went up by 8.4% in German trading, reaching a high of €44.98, according to trading data. This was the biggest increase since early December 2025, as reported by Bloomberg. The rise in Bayer's stock happened after the US Supreme Court said it would hear the company's appeal in the...

Viettel begins construction of Vietnam's first chip manufacturing plant

The state-owned telecommunications company Viettel has started building Vietnam's first semiconductor manufacturing facility. According to a statement from the company, the construction is expected to be completed and pilot production will begin by the end of 2027. The construction is happening...

Porsche cuts 2025 sales by 10%

German car company Porsche has decreased its 2025 sales target by 10% due to a slower pace in the Chinese car market and the ending of the 718 Boxster and 718 Cayman models. Porsche stated that it sold 279,449 cars in the previous year, which is less than the 310,718 sold in 2024. Car sales in...

Bondholders sue Oracle for devaluation

Investors who bought bonds from software company Oracle have taken legal action in a New York state court, claiming the company caused them financial losses, according to Reuters, which is referencing the legal documents. The plaintiffs purchased Oracle bonds during an $18 billion bond offering in...

Audi cuts 2025 deliveries by 2.9% despite record electric vehicle sales

Germany's Audi has lowered its 2025 vehicle delivery targets by 2.9%, citing a drop in demand in North America and China, according to the company's statement. In total, Audi delivered 1.62 million vehicles in 2025, which is a decrease from the 1.67 million units delivered in the previous year....

Chinese automaker Geely is considering entering the US market

Chinese automaker Geely is reportedly planning to enter the US market, as reported by The Wall Street Journal. According to Ash Sutcliffe, Geely's global communications director, the company may announce its move into the US within the next two to three years. Sutcliffe mentioned during an...

From Code to Cognition: Why Arm Is Recasting Its Future Around Physical AI and Robotics

Arm’s decision to launch a dedicated “Physical AI” unit marks a strategic pivot that goes well beyond corporate reorganisation. It reflects a growing conviction across the technology and automotive sectors that the next phase of artificial intelligence will not be confined to screens, data centres,...

Christie's and Sotheby's auction houses revenue grows in 2025 for the first time in three years

Two prominent auction houses reported an increase in worldwide sales this year for the first time following a two-year downturn. In 2025, the combined revenue of Christie's and Sotheby's reached $13.2 billion, increasing from $11.7 billion the year before. Sales increased due to the worldwide...
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