Daily Management Review
Business & Finance

Amid Persistent Chip Shortage, Electronics Makers Hit By Labor Shortages

A trade organization representing electronics makers said on Thursday that it has grown more difficult to recruit skilled personnel, aggravating issues caused by an ongoing chip scarcity and creating product delays.   IPC, which represents contract manufacturers such as Foxconn, chipmakers...

German Automaking Giants Place Growth Hope And Confidence On Hydrogen Powered Cars

While battery power is the most promising technology for the future of car technology, hydrogen could be a viable alternative.   This is the view of major automakers like BMW and Audi. They are currently developing prototypes for hydrogen fuel-cell passenger vehicles alongside their fleets....

Facebook End Deal Negotiations With Australian Media Firms, TV Broadcaster SBS Excluded

Facebook Inc. has ended its negotiating process for licensing agreements with publishers, the social media giant has informed the Australian publishers through an email sent to the industry, said reports. This announcement came six months following the passing of a law that to require tech...

UK fintech start-up TrueLayer raises $130m and becomes 'unicorn'

UK start-up TrueLayer has raised $130m in its latest round, with a valuation above $1bn, earning it "unicorn" status. The fintech company has been described as a threat to Visa and Mastercard, with Revolut among its clients and Stripe, Silicon Valley's most expensive company, is among its...

US bookmaker DraftKings sets to buy UK rival Entain for $20B

US betting company DraftKings has made an offer to buy British betting and gambling company Entain Plc. This was announced by the British themselves after the information appeared in the media. Confirming receipt of the offer, the British company said it would respond to it later, but in the...

Twitter to pay $810m fine for misleading investors

Twitter said that it reached a settlement with a group of shareholders who had filed a class action lawsuit against it in 2016. Twitter agreed to pay $809.5 million to shareholders accusing it of misleading investors about some of its performance.  The company said it did not admit any...

Christmas Holiday Toy Market Threatened By Supply-Chain Snarls

Toy suppliers and retailers in the United States and elsewhere are racing against time to tackle severe air, sea and land shipping shortage ahead of the Christmas season.   A major portion of the total annual sales of almost $33 billion comes during the holidays, and the top selling toys...

Beijing’s Regulatory Crackdown Not Aimed To Restrict Private Firms, China Assures Wall Street

The aim of the recent sweeping regulatory crackdown on domestic companies by Chinese authorities is not aimed at reining in private enterprises of the country or decoupling them from the United States or the international financial markets, a top official of China’s regulatory body reportedly told...

Cryptocurrency transactions in PayPal become available to UK citizens

International payment service PayPal has announced that their UK customers are now able to buy, store and sell a range of cryptocurrencies, the company announced on its Twitter page. "We are pleased to announce that all approved users in the UK can now buy, store and sell cryptocurrencies (Bitcoin,...

No Indication Of Easing Of Global Freight Market In 2020, Says Maersk CEO

There are currently no signals about any change taking place in the currently red-hot global shipping market for the rest of this year, according to the chief executive of the Danish shipping giant A.P. Moller-Maersk.   The company raised its outlook for 2021 once again on Thursday following...
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