Daily Management Review
Business & Finance

PSA’s Offer To Toyota To Boost Production Capacity

PSA and Toyota have been in collaboration for vans manufacturing from 2012. PSA has an offer for Toyota, whereby helping the latter to boost so as to “address EU antitrust concerns” raised towards its plans in association with Fiat Chrysler.   PSA has offered help to Toyota for increasing...

EU Likely To Allow Google’s Acquisition Of Fitbit With New Concessions: Reuters

A report from the news agency Reuters has claimed that the antirust body of the European Union is set to give the green signal to Alphabet’s Google’s acquisition of fitness tracker maker Fitbit in a deal worth $2.1 billion. This became apparent after the United States based search engine giant made...

Ghosn Launches New Business Program In Lebanon In His First Public Appearance In Months

A business program at a Lebanese university USEK was launched on Tuesday by the now fugitive auto tycoon Carlos Ghosn in what was his first public appearance in months.   The former chief of the Japanese auto company Nissan spent 130 days in prison in Japan after he was arrested in November...

Not A Good Start For Siemens' Record 16 Billion Euro Spin-Off T Frankfurt

The first day of trading of the largest spin off ever in Germany, which created the company called Siemens Energy, as not good as the shares of the new company opened lower than expected at the Frankfurt stock exchange which reflected the challenge for the company to make an impression functioning...

US Judge Halts TikTok Ban For Now, Users Can Continue To Download App

The order of the United States president Donald Trump’s administration to impose a ban on the Chinese owned short video sharing app TikTok in the US has been temporarily blocked by a federal judge. The Trump administration had planned to eliminate the app from smartphone app stores in the US....

Alphabet Inc Creates New Council For Workplace Policy Enforcement

Employees of Alphabet Inc will have to be careful of their conduct at workplace. On Friday, 25 September 2020, Alphabet Inc revealed that it is in the process of putting up a “new advisory council” for the purpose of overseeing the company’s efforts towards workplace policy enforcement in the area...

Suit Against US Govt. Over Tariffs On Car Parts Filed By Tesla, Volvo, Ford And Mercedes

A number of major car manufacturers - Tesla, Volvo, Ford and Mercedes-Benz, filed court cases against the United States President Donald Trump’s administration against the tariffs. Tesla CEO Elon Musk called the tariffs imposed on certain car parts imported from China as “unlawful”.   The...

Control Of China Unit Sold By WeWork, Units Claims To Have Obtained $200 Million In Funding

As a part of its broader strategy to pull back from markets that are highly competitive, the United States based office sharing startup WeWork will be selling the control of the business of its Chinese division to one of its investors - private equity firm Trustbridge Partners, as the company has...

JP Morgan to pay record $1B fine due to market manipulation

American JP Morgan Chase & Co. could pay a fine of almost $ 1 billion in connection with the investigation by the US authorities into the bank's operations, Bloomberg reported, citing sources. "JP Morgan Chase & Co. is preparing to pay almost $ 1 billion in connection with the investigation...

Airlines Pin Hopes Of Revival On Preflight Rapid Antigen Tests For Covid-19

Pre flight tests for Covid-19 that can deliver results s fast as pregnancy tests is the new hope for European airlines for restoring confidence of passengers to take to the skies in confined spaces with shared air   Despite being dependent on government bailouts for survival, Germany’s...
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