Daily Management Review
Business & Finance

Ford, VW are discussing joint development of cars

The American motor-car manufacturer Ford Motors and German carmaker Volkswagen have begun negotiations about joint development of some commercial cars, informs BBC. Two automobile giants said that they "are considering apossibility of creating a strategic alliance" aimed at increasing...

Oracle exceeds market expectations

Oracle's revenue in the IV quarter of 2018 financial year increased by 3%, and so did profit (5% up). At the same time, the company's revenues exceeded Wall Street expectations thanks to the rapidly growing cloud business. Following the results of the three-month reporting period closed on May 31,...

China's E-Commerce Player JD.Com Will Get Investment Of $550 Million From Google

China's second-largest e-commerce player JD.com would get an investment of about half a billion dollars from Google., announced the U.S> te3ch giant on Monday.   The companies said in a statement that $550 million in cash would be invested into JD.com by Google as a part of its strategic...

Goldman Sachs still expects oil price above $ 80

Goldman Sachs still expects the price of oil to rise above $ 80 a barrel in the coming months, despite growing concerns about OPEC production growth and the escalation of trade wars, CNBC reports. Quotes of oil fell last week on fears that Saudi Arabia and Russia could soon proceed to increase oil...

German Prosecutors Slap €1bn Fine On VW In Diesel Scandal

Authorities in Germany have imposed the highest fine ever on a company with slapping of a fine of €1bn (£880m) on Volkswagen over diesel emissions cheating.    In January of 2017, the German car maker had settled a suit in the U.S over the scandal after agreeing to cough up $4.3bn...

Total of France To Expand Petrochemical Manufacturing In The U.S.

Amid the tariff introduction on steel import in the U.S., the France based company, Total finds ethane crackers as its growth plan. Total SA, an “energy conglomerate” of France, plans to add “petrochemical plants” along with “U.S. Gulf Coast” as an expansion project in the coming years, reported an...

Salesforce to invest $ 2.5 billion in the UK

The US company Salesforce, specializes in cloud computing, announced an investment of 1.9 billion pounds ($ 2.5 billion) in the UK over the next five years, reports CNBC. Salesforce, known for its CRM system used by multinational companies around the world, announced plans to increase the number of...

Ten solar-powered companies

American business is investing a record amount of money in solar energy. Corporate customers had 325 megawatts of installed capacity last year, according to the Solar Means Business 2017 report, which was prepared by the Solar Energy Industries Association (SEIA). The influence of corporations in...

Massive Expansion Of Rocket Facilities Planned By SpaceX In Florida

Environmental impact documents that was filed to NASA in April by SpaceX shows that that eth space exploration company is planning construct a number of new facilities at NASA's Kennedy Space Center in Florida which includes a state of the art launch control center and a huge processing facility...

U.K’s ‘Westbury Investments’ Gives 7% Discount For ‘Cryptocurrency Payments’

Cryptocurrency payments are gaining popularity among the real estate market, as more and more companies across the globe show an openness to accept payment in the said form. Westbury Investments is “real estate company” based out of London, which has revealed that from now on it will be accepting...
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