Daily Management Review
Business & Finance

Jaguar Land Rover to stop production in the UK because of Brexit

The company intends to suspend production in the UK due to the exit of the Kingdom from the EU. Jaguar Land Rover decided to suspend production in the UK because of Brexit. Four factories of the company will halt the operation in the first week of November in order to mitigate the consequences of a...

US authorities accuse owner of Tinder of imposing paid services

The US Federal Trade Commission filed a lawsuit against Match Group, which owns a number of dating services, including Tinder. The regulator is accusing the company of using fake accounts to encourage hundreds of thousands of users to purchase a paid subscription. The United States Federal Trade...

Indian Investments Being Reviewed By Softbank Following Wework Valuation Debacle

After the debacle faced by the American office renting form WeWork just before the launch of its initial public offering (IPO) because of a substantial fall in valuation compared to what the Japanese investment conglomerate SoftBank had made when it had invested not long ago in the company, the...

New In-House Developed AI Based Chip Unveiled By China’s Alibaba

The first indigeneously developed artificial intelligence (AI) chip was introduced by Alibaba Group. The chip comprises of a   neural processing unit and has been named Hanguang 800. The company claimed that this new chip will dramatically enhance the speed and energy spending in the...

SEC Settles Charges Of Under Reporting Of Pay With Former Nissan CEO Carlos Ghosh

Charges against the embattled former chairman and CEO of Japanese auto giant Nissan Carlos Ghosn and former director Gregory Kelly brought in by the United States Securities and Exchange Commission were settled. The charges against the two former executives were related to false financial...

Thomas Cook bankruptcy affects thousands of tourists around the world

Holidays of hundreds of thousands of tourists were threatened due to the bankruptcy of the largest British travel company Thomas Cook, the Associated Press reported. According to the agency, about 50 thousand clients of the tour operator were "stuck" in Greece, almost 30 thousand tourists cannot...

178 Year Old Thomas Cook Collapses After Failed Efforts For A Rescue Deal

The international travel industry was shocked on Monday with the news of one of British travel and tourism firm Thomas Cook, one of the largest and the oldest in the industry, on Monday after months of efforts to rescue the company failed.  The collapse of the 178-year-old travel company...

Facebook Suspends Thousands Of Apps Suspended By Facebook Over Issue Of Illegal Data Collection

"Tens of thousands" of apps made by about 400 developers have been suspended by Facebook as a part of its investigation after the Cambridge Analytica scandal, said the social media company.   This announcement was made by Facebook even as it was revealed that the company had suspended 69,000...

Saudi Aramco Assures Return To Full Capacity By This Month End

Assurance that its suspended production capacity would be attained again by the end of the current month was given by state owned Saudi oil giant Saudi Aramco bringing in relief to the global energy markets.   The drone attacks on Saudi oil facilities last Saturday had resulted in the...

Insurers Call On World Governments To Earnestly Tackle Climate Change

Failure of the governments to tackle the challenges of climate change could have serious economic consequences, warned a group of more than 500 major institutional investors on Thursday, giving a call to governments to take immediate measures on climate change.   Current commitments of...
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