Daily Management Review
Business & Finance

SpaceX is now worth more than Tesla

SpaceX successfully launched 60 Starlink satellites into orbit and reported that in 2019 it raised more than $ 1 billion in funding. SpaceX is now valued at $ 33.3 billion, according to CNBC. Tesla shares fell to below $ 200, thuscollapsing by more than 40% this year. Tesla's market capitalization...

IATA Head Expects To See Boeing 737 Max Return To Service

IATA hopes the regulators “align their timeframe” with the company’s expectations. The “International Air Transport Association”, in short IATA, expects to wait till August before taking the “Boeing Co 737 MAX” back to service, revealed the Head of the airline group on Wednesday, May 29, 2019....

Plastic Waste Exported To Malaysia To Be Sent Back To Countries Of Origin

Malaysia is attempting to prevent itself from becoming a dumping ground for rich nations and as a part of this effort, the country would be sending back non-recyclable plastic waste of about 3,000 metric tons (3,300 tons) from the country to countries such as the U.S., U.K., Canada and Australia,...

GE to lay off 1,000 workers in France

The American company may have conflicts with the French authorities, who repeatedly called on GE not to do so. General Electric (GE) is going to cut about 1 thousand jobs in France, Reuters reports, citing its own source in the union. If the company does this, it may provoke disagreements with the...

France Seeks Job Guarantee For Renault-Fiat Merger Support

France demands the preservation of its “industrial jobs and sites” in the Renault-FCA merger. In return of France’s support towards the merger of auto-manufacturers, Renault and Fiat Chrysler, the country would seek “local jobs and other guarantees”, revealed French Finance Minister, whereby...

Alibaba To Launch $20 Billion Second Listing In Hong Kong: Reports

There were jitters across the tech industry of the world following reports originating from the capital markets in Hong Kong where in it is being touted that another round of fund raising of about $20 billion would be done by China’s Alibaba - one of the largest tech companies of the world, through...

Wi-Fi Alliance, SD Association boot Huawei out

Huawei’s membership to the non-profit organizations SD Association and the Wi-Fi Alliance has been restricted. In the first case, this means that the Chinese company will not be able to equip smartphones with SD slots. Fortunately, restrictions in the Wi-Fi Alliance do not imply a ban on...

Fiat’s ‘All-Share Merger Proposal’ To Renault

More and more auto manufacturing companies are being pushed into consolidation deals. Fiat Chrysler brings a “transformative” proposal to its rival Renault, which involves an “all-share merger”. The news was announced by the Italian-American auto manufacturer on Monday, May 27, 2019. This step...

Bosch to pay €90 million fine within Dieselgate scandal

The component manufacturer has supplied millions of sensors with unauthorized software to various automakers. Bosch refused to challenge the court’s decision and will transfer the money within a month and a half. Bosch will also pay a large fine within the diesel scandal after the Volkswagen, Audi...

US’s Sempra Energy To Supply LNG To Saudi Oil Giant Aramco

The aim of state owned Saudi Aramco to become a major player in the growing international gas market, it would be purchasing liquefied natural gas from San Diego, United States-based utility Sempra Energy. An agreement to the effect was recently signed between Sempra LNG and Aramco Services...
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