Daily Management Review
Business & Finance

FedEx Cuts 2019 Profit Forecast Sending Its Shares Down

The global delivery package company FedEx Corp announced a steeper-than-expected reduction in its profit forecast warning for 2019 which apparently jolted investors resulting in the company losing out nearly 8 per cent of its share value. The reason for the negative forecast, according to the...

Criminal Charges Filed Against Goldman Sachs In Malaysia In 1MDB Scandal

Criminal charges are being framed in Malaysia against the U.S. bank Goldman Sachs in relation to the huge multibillion dollar scam there known popularly as the 1MDB scandal.   Malaysia's former prime minister has already been forced out of office because of the scandal in which billions of...

$2 Billion Over 5 Years Will Be Spent By Hiwaei On Cyber-Security

As a measure to allay fears among a section of Western countries about a threat to security from the use of its telecommunications equipment, Chinese tech giant Huawei Technologies would be investing about $2 billion over a period of the next 5 years to set up better security measures in terms of...

Hitachi To Acquire ABB Power Grids Business For $11 Billion

The Swiss engineering giant ABB has announced that it would sell a total of 80.1 per cent stake of its power grids business division to Japan’s Hitachi. The company also announced on Monday that shareholders of the company would be returned the net cash of about $7.6 to 7.8 billion that would be...

Tesla & Mercedes Reduces Prices In China Following Lifting Of Additional Tariffs

Some US automakers are already reducing price of cars in China following the announcement by Chinese authorities of temporarily removing the 25 per cent additional tariffs that has been imposed on cars imported into the country from the US as a retaliatory action to oppose the US trade tariffs on...

Wing Of Alphabet Inc To Fly Its Delivery Drones In Finnish Sky

After an eighteen months long testing phase, Wing gears up to take on the European sky. Alphabet Inc., the parent company of Google, is all set to launch Wing, its “drone delivery business”, for the first time in European skies in Finland. The said service will begin from the coming spring of 2019,...

Huawei’s Business Is Facing Trouble Across The World

The recent months have not gone well for Chinese tech giant Huawei. Following a series of issues that the Chinese company faced across the world, two key markets in Europe is also exerting pressure on the company.    The use of Huawei telecommunication equipment has been ruled out for...

Boeing Opens Its First Foreign Plant In China Despite Trade War

The largest exporter of the United States has set up its first foreign factory.    Airplane maker and aerospace giant Boeing has officially declared open its first foreign factory in China which is a completion and a delivery center for its 737 planes. The factory is situated in the...

Apple’s New Software Update Could Help It To Avert iPhone Ban In China

Following a recent ban by a Chinese court on sale of its iPhone model in relation to a patent violation care filed by chip maker Qualcomm, iPhone maker Apple Inc now claims to have created a software solution that would enable it to address the possibility of a sale disruption because of the ban...

Google C.E.O In Front Of Congressional Panel In The U.S.

Google is in no current discussions on launching customised search engine platform in China, while the option is still under study. As the “big tech firms” continue to come more and more under scrutiny, the C.E.O of Google, Sundar Pichai addressed a “congressional panel” in the U.S. whereby...
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