Daily Management Review
Business & Finance

SoftBank To Focus On Development Of Firms It Invested In, In The Middle East

Japanese investment firm SoftBank is now focusing on development of the companies that it has invested in the Middle East. There are a number of companies in the region that the firm has invested in through its $100 billion Vision Fund which had been created specifically for the region.  ...

China UnionPay goes to Europe

Chinese payment giant China UnionPay decided to begin expansion into the EU market. In October, the company will start issuing bank cards in the UK, and by the end of the year it will also enter the markets of other European countries. This decision was UnionPay’s response to growing competition in...

Stockmann is testing gender neutral shopping

A new department with gender-neutral clothes called One Way opened in the department store Stockmann in Helsinki. It takes the whole floor between the floor with clothes for women and a floor with clothes for men. Such clothing is steadily gaining popularity, but this is the first time when a...

Elon Musk’s Spacex Gets Another Space Passenger, Company Claims

In what is the first of its kind in the world, an agreement has been struck between Elon Musk's space company SpaceX and the first private passenger for a trip around the moon atop the Big Falcon Rocket of the company.   The BFR is an important development in the aim of putting the common...

The ECB kept key interest rates on previous levels

The European Central Bank (ECB) left key interest rates unchanged at the end of the September meeting. The ECB left interest rates on loans at zero level. The regulator also retained the deposit rate at the level of minus 0.4% per annum, the rate for marginal loans - at the level of 0.25% per...

Joint Projects Worth Over $100 Billion Being Mulled By Russia And China

A statement issued by Russia and China states that 73 joint investment projects which totals up to a value of more than $100 billion is being contemplated by a group of business houses and firms from Russia and China.   Both Russia and China are facing the ire of the United States in the...

China Will Need New Planes Worth $1.2 Trillion In Next 20 Years: Boeing

According to a forecast by plane maker Boeing Co, in the next few decades, planes worth more than $1.2 trillion would be purchased by Chinese airlines so that the country is able to keep up with the rise in demand for flights. This is the second time in as many years that the American plane...

German Consumer Protection Union sues VW due to dieselgate

The Federal Union for Consumer Protection (Verbraucherzentrale Bundesverbands, Vzbv) of Germany and the German automobile club ADAC intend to file a collective claim in November against the Volkswagen concern in connection with the diesel scandal and demand compensation for the buyers. Such a...

Crypto companies create a lobby group in Washington

Lawmakers around the world are discussing general regulatory framework for crypto-currency assets, so crypto lobbyists are interested in joining this process and influencing development of new laws governing crypto-currency activities. So, a number of blockchain funds, stock exchanges and start-ups...

HTC beats new antirecord

The financial position of Taiwanese smartphone and tablet HTC keeps deteriorating. The fall in annual terms was at the level of $ 54. Last month, the company reported revenues of approximately 1.39 billion Taiwan dollars ($ 45.2 million). Only 0.77% were missing to hit the result of July, but in...
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