Daily Management Review
Business & Finance

Airbnb Introduces Trips, While The Fight Against Present Rental Law Continues

Leaving behind most hotel companies, Airbnb now attempts to turn into a travel company. Airbnb’s attempt to convert the “booking service” facility into a “travel company” has resulted in the launch of a “new programme”, named Trips, whereby marking the biggest growth venture made by the company...

Probe Over Undeclared Accounts Faced by Credit Suisse

U.S. investigators want to know why the Swiss bank Credit Suisse AG neglected to tell them about $200 million in undeclared assets owned by an American client even after the bank had promised to help the U.S. root out suspicious accounts when it  had pleaded guilty in 2014 to helping...

Tech Sector Defies Brexit Worries as IBM Invests in UK Data Centers

Since the time that the United Kingdom voted to get out of the European Union, this is the third occasion that a global IT company has announced its decision to increase ots presence in the country.    Following the likes of Facebook and Google which have already announced further...

Volkswagen places a premium on e-mobility

German carmaker Volkswagen (VW) unveiled a new brand development strategy for a period until the end of 2025. The plan is designed to triple profitability of operations, and restore the market position, deteriorated as a result of "Dieselgate". The new strategy includes active development of...

Volkswagen’s New Aim Is To Increase The Brand’s Profitability Margin To Six Percent After 2025

Increasing the brand profitability at VW, would cost the company to a commitment, while the union would also allow a job cut of thirty thousand. The aim of Volkswagen is to increase its core brand’s profitability, as the same lags behind its “major rivals”, whereby the goal is to go above six...

List of Globally Systemic Banks Topped By Citi and JP Morgan

Replacing HSBC and denoting that the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability, Citi has joined JPMorgan at the top of global regulators' list of systemically important banks.   The top banks should hold extra capital, according to the level of...

Lockheed Martin to upgrade South Korea’s F-16 fighter aircrafts

A contract worth $1.2 billion has been awarded to Lockheed Martin Corp for upgrading South Korea’s F-16 fighter aircrafts. The Pentagon has reported that it has awarded a contract to Lockheed Martin Corp, a subsidiary Lockheed Martin Aeronautics Co., worth $1.2 billion to upgrade F-16 fighter...

Blackstone backed Optiv Security Inc. to come out with an IPO

As of Sept. 30, the company had posted a loss of $5.7 million on a turnover of $643.8 million. The Blackstone Group has a majority stake in the company. Optiv Security Inc., wherein Blackstone Group LP has a majority stake, has filed for an initial public offering, of its common stock, with U.S....

Oil Majors are Under Pressure to De-Risk as Green Energy Gains Traction

Countries and businesses are now being scrutinized to make sure they implement the correct strategies to deliver a greener future, following the breakthrough at the United Nations COP21 conference last year.   Oil majors will have to embrace the new energy world, or face getting left...

Retailers are Paying a Lot for Premium Spaces on Rental, Finds a Global Report

The world's highest rents for shops are being paid by Shops along New York's Upper 5th Avenue, says a report from one global real estate firm.   According to Cushman & Wakefield's report that is titled "Main Streets Across The World", companies ad brands like Cartier, Abercrombie &...
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