Daily Management Review
Business & Finance

Alibaba Share Sale To Give 1.2 Trillion Yen Profit To Softbank Group

Sale of its share that it held in the Chinese tech giant’s parent company Alibaba Group Holding Ltd by Japan's SoftBank Group Corp would potentially yield about 1.2 trillion yen or $11.12 billion in pre-tax profit, the Japanese company said in a on Monday.   The revenues generated from the...

Carrefour Sees Sales Boost Through Blockchain Tracking

Blockchain technology tracking system enables Carrefour to gain more customers’ trust. Carrefour SA is a French retailer which informed about its sales boost due to the usage of “blockchain ledger technology”. The said technology was used for tracking “meat, milk and fruit” transfer from the “farms...

US tech giants lose $ 182 billion due to possible antitrust investigation

The total market capitalization of four US IT corporations — Alphabet, Amazon, Apple and Facebook — sank by $ 182 billion after it became known that an antitrust investigation could be launched in the US. Thus, at over-the-counter trades, Alphabet shares dropped in price by about 7% to $ 1,027, the...

FCA To Better Its Merger Offer For Renault To Convince French Government: Reuters

Fiat Chrysler is attempting to convince the French government to approve and back its proposal for merger with the French auto maker Renault in which the French government is a major shareholder and the company is contemplating giving Renault a special dividend and stronger job guarantees,...

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...
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