Daily Management Review
Business & Finance

Swisscom to buy Vodafone's Italian segment for €8 billion

Vodafone Italia, the Italian branch of British corporation Vodafone, is being acquired by Swiss telecom provider Swisscom for a sum of €8 billion. A press release from Swisscom states that the entire transaction would be paid for using cash. Swisscom intends to combine Vodafone Italia and...

Shareholders ask Nestle to cut sales of unhealthy products

According to the Financial Times, a group of shareholders of Swiss Nestle, the world's biggest supplier of food and soft drinks, suggested adding a resolution on lowering the proportion of unhealthy items in the company's sales volumes to the agenda of its annual shareholder meeting. Specifically,...

Adidas Reports Its First Decline In 30 Years And Issues A Warning On US

Adidas, the German sportswear giant, announced its first yearly loss in almost 30 years on Wednesday and issued a warning that North American sales would decline once more due to the high inventory levels facing American sportswear retailers.   After severing ties with Kanye West in October...

Mercedes-Benz CEO urges the EU to cut import duties on electric cars from China

Ola Kallenius, CEO of the Mercedes-Benz Group, has urged the European Union to reduce import taxes on Chinese electric vehicles rather than attempting to shield European producers. “Don't bring up the duties. I believe that we should take the opposite stance and reduce the tariffs that are already...

Novo Market Value Exceeds Tesla Based On Results From Experimental Drugs For Obesity

Thursday saw Novo Nordisk overtake Tesla Inc. in terms of market valuation following the release of encouraging early trial results for a much awaited new obesity medication by the manufacturer of the well-known weight-loss medication Wegovy.   Novo Nordisk's shares experienced a significant...

Tesla to offer insurance subsidies to electric car buyers in China

US electric vehicle manufacturer Tesla Inc. is boosting demand in the fiercely competitive sector by offering new incentives to Chinese consumers. The business announced the new regulations on the social media platform Weibo, affecting Model 3 and Model Y vehicles. In particular, Tesla is...

India's Tata ponders microchips production

The Indian giant Tata Group may soon declare that work on building its first facility to produce semiconductors begins. Natarajan Chandrasekaran, the chairman of the board of directors of the conglomerate's parent company, made this announcement at a meeting of the company’s board. The Economic...

Carl Icahn's investment fund unexpectedly ends Q4 with a loss

The investment vehicle owned by billionaire Carl Icahn, Icahn Enterprises LP, surprised analysts by reporting a net loss for the fourth quarter of 2023. In contrast to $255 million, or 74 cents per unit, a year earlier, the corporation reported a net loss of $139 million, or 33 cents each...

Tesla to start delivering Roadster sports car in 2025

Tesla CEO Elon Musk said on social media platform X that the company will begin shipping its Roadster electric sports car in 2025. "Today we have fundamentally changed the design goals for the new Tesla Roadster," Musk stated. "If this vehicle qualifies as an automobile at all, it will have no...

CEO Of Google Deems Certain Results "Unacceptable" And Is Striving To Repair Gemini AI

In a memo to staff on Tuesday, Google CEO Sundar Pichai stated that the company is trying to address issues with its Gemini AI tool. He claimed that certain text and image replies produced by the model were "biassed" and "wholly unacceptable."     The corporation had stopped using its...
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