Daily Management Review
Business & Finance

Saudi Arabia Could Reduce Crude Oil Prices For Asia In October

Saudi Arabia, the world's largest oil exporter, may reduce October prices for most crude grades it exports to its Asian customers, following a drop in spot premiums as reduced demand for fuel and rising arbitrage cargoes has pressurised prices of oil in the region.  ...

With Productivity Falling, Companies In North America Purchase More Robots For Production

During the first half of the current year, a record number of robots were purchased by North American firms even as the companies struggled to keep factories and warehouses running because of an extremely tight labor market and increased compensation costs.  ...

One More EV Battery Factory In The US Being Planned By Panasonic For $4 Bln: Reports

The Wall Street Journal revealed on Friday, quoting people with knowledge of the situation, that Panasonic Holdings Corp., a provider to electric-car maker Tesla Inc., is in discussions to build a supplemental electric vehicle (EV) battery factory in the United States at an expense of about $4...

India's Digital Lending Rules Cause Disruption, And Businesses Prepare To Respond

Card lending services in India foreign-backed fin-tech companies have been disrupted because of the stricter regulations on digital lending by the Indian government, according reports based on industry sources and a document available with the media. The incident has also jeopardised Amazon's loan...

With Travel Demand Returning In Asia, AirAsia Parent Reports A Smaller Loss In The Second Quarter

With demand for travel in Southeast Asia string to to rebound following the relaxation of pandemic-related rules, Capital A Bhd, the mother company of Malaysia's low-cost carrier AirAsia, on Friday announced a smaller operating loss fort the second quarter.    The...

NFTs Worth $100 Million Were Stolen Last Year, According To Elliptic

According to blockchain research company, Elliptic, over $100 million value of non-fungible tokens were stolen in the year leading up to July, opening a new front in the hacking problem facing cryptocurrency.   NFTs are assets built on the blockchain that represents digital files like text,...

Largest operator of cryptocurrency ATMs enters stock exchange

The largest bitcoin ATM operator in the world, Bitcoin Depot, plans to join the exchange. Coindesk reports that the organization intends this by entering into a merger agreement with SPAC (special purpose acquisition company) GSR II Meteora. The market capitalization of Bitcoin Depot, which will...

Visa Tokens Outnumber Physical Visa Cards In Circulation

Visa Inc announced on Wednesday that it has released more than 4 billion network tokens globally via its security technology Visa Token Service (VTS), outnumbering the cumulative number of actual physical cards in circulation.   VTS protects the underlying account information by...

Tesla Stock Is In The Spotlight As A 3-1 Stock Split Takes Effect

Tesla Inc's stock was in the spotlight following the most valuable automaker of the world splitting its stock for the second time in two years in order to attract more retail investors.   In premarket trading on Thursday, shares of the electric vehicle manufacturer rose 1.5...

e-Commerce Companies In India On Delivery Staff Hiring Spree With Biggest Annual Shopping Season Arriving

E-commerce businesses in India are rapidly increasing hiring staff for delivery purposes, with because of growing concerns that a labour shortage will for the companies to miss out on one of the busiest annual shopping seasons, which is slated to begin in earnest next month.   The moves come...
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