Daily Management Review
Business & Finance

Paris or Frankfurt? What city will host European finances after Brexit?

After Britain's withdrawal from the EU, London will cease to be the financial capital of the European Union. Which city will take its place: Paris or Frankfurt am Main? Which city will become the financial capital of Europe instead of London after the UK withdraws from the European Union? At least...

Chinese Coffee Market To Hot Up With Tencent Entering It’ Alibaba Entered It Last Month

China coffee market is set to witness a fight of the titans because tow of the country’s largest tech firms is entering the fray to take advantage of the growing Chinese appetite for coffee.    The setting up of a partnership between Chinese coffee start-up Luckin and the Chinese social...

IS IBM’s Bet On Blockchain Technology A Risk Worth Taking?

IBM believes that every business - from shipping to banking, would be changed significantly because of blockchain technology and the tech company wants to put its bet on this.   Industry watchers say it's a risky move, given the relative novelty of the technology and the hype...

Chinese HNA to sell its stake in Deutsche Bank

Chinese conglomerate China's HNA Group Co., the largest investor of Deutsche Bank AG, is planning to abandon its stake in the German bank. This is reported by The Wall Street Journal and Bloomberg, citing sources familiar with the situation. According to the latest data, HNA owns a 7.6% stake in...

IDC: Global sales of wearable tech are climbing up

According to the research company International Data Corporation (IDC), sales in the world market of portable devices reached 27.9 million units in the second quarter of 2018, which is 5.5% more than in the same period in 2017. In dollar terms, the market grew by 8.3% and amounted to $ 4.8 billion....

UK Payday Lender Wonga Collapses And Taken Into Administration

A large number of compensation claims was the primary reason that the payday lender of the UK, Wonga, collapsed and has been sent into administration, the company had become notorious for its extortionate interest rates and was considered to be a symbol of Britain’s household debt crisis.  ...

Lyft is getting ready for IPO

Lyft Inc, the main competitor to Uber in the market of mobile applications for ordering a taxi in the US, has begun preparations for the initial public offering, Bloomberg reports citing informed sources. According to sources, the IPO is being prepared by the consulting company Class V Group. It is...

No Export Deal With Chinese Importers At US Soybean Exporters’ Show

There were any known sale deals with Chinese importers after the closure of an annual U.S. soy exporters’ conference compared to other years where the conference ended with export contracts worth billions of dollars being signed with Chinese importers.  Sot beans is the main cash crop of the...

Aston Martin applies for IPO

The British manufacturer of sports cars Aston Martin Holdings Ltd announced its intention to conduct an initial public offering on the London Stock Exchange (LSE). As stated in the company's press release, the relevant documents have been sent to the Financial Conduct Authority (FCA). Dow Jones...

Chinese banks seek help from tech giants

Lack of investment opportunities, high penetration of smartphones and the Internet, as well as the rapid growth of household wealth, created unique conditions for financial services in China, reports CNBC. State or state-affiliated creditors make up most of the local banking system. They...
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