Daily Management Review
Business & Finance

Apple Accused By Facebook Of Anticompetitive Behaviour On Changes In Privacy Rules

Apple Inc has been accused by Facebook Inc to engaging in anticompetitive practices adding on to the standoff between the two companies that have been ongoing for the last few months over the changes to its [privacy practices brought in by Apple for its iOS14.   “Apple is behaving...

Eli Lilly To Acquire Prevail, A Gene Therapy Developer, For About $1 Billion

With the aim of strengthening its presence in the lucrative area of gene therapy treatments that is used for the development of treatments for neurodegenerative diseases such as Parkinson’s, drug making giant Eli Lilly and Co will by acquiring Prevail Therapeutics Inc in a deal that is worth about...

Nikkei: Apple will increase iPhone production by 30% in 2021

Apple intends to release between 95 million and 96 million iPhones in the first half of 2021, both old and new models, Nikkei reported citing sources. That's a 30 per cent increase over the same period this year. "Planned production for the next quarter and next year has been determined and the...

Developer of supersonic passenger aircraft Boom raises record funding, becomes a unicorn

Startup Boom Technology, developing the first supersonic passenger aircraft since Concorde, has become a "unicorn": its estimate after the next round of funding has exceeded $ 1 billion. In six years, the company promises to begin test flights of the liner, which can fly twice as fast as existing...

Warning Of Safety Issued To Airlines As Planes Return From Pandemic Grounding

Airlines all of the world are being warned about taking extra care while reactivating planes left in extended storage during the Covid-19 pandemic. According to regulators, insurers and experts, airlines could face issues with possible rustiness of pilots who have not flown for a long time, errors...

MasterCard faces $ 18.6 billion payout in UK class action lawsuit

Payment company MasterCard may have to pay £ 14bn ($ 18.6bn) to UK residents. Last Friday, the country's Supreme Court ruled admissible a class action lawsuit from residents of the country, which has been contested for four years, Bloomberg reports. A claim on behalf of 40 million British consumers...

AstraZeneca to buy rare diseases drugs developer for $39B

AstraZeneca will buy an American developer of drugs for rare diseases for $ 39 billion. This will strengthen the position of the creator of the Oxford vaccine in the treatment of complex diseases, including blood diseases. The pharmaceutical company AstraZeneca has agreed to buy the American...

Market Value Of Airbnb Crosses $100 Billion On Stock Market Debut

The biggest initial public offering (IPO) of 2020 in eth United States saw the share prices of Airbnb Inc more than double in their stock market debut on Thursday which pushed the market value of the home rental company at just over $100 billion.   Airbnb’s IPO also epitomised a year at the...

Robot Maker Boston Dynamics To Be Acquired By Hyundai From SoftBank

Hyundai Motor Group said on Friday that it will be purchasing an 80 per cent stake in robot maker Boston Dynamics from SoftBank Group Corp   In the deal, the robot company was valued at $1.1 billion, Hyundai said, which indicates that the South Korean auto company has offered $880 million...

Tui loses €3B in 2020

Europe's largest tour operator Tui has published its accounts for fiscal 2020 (ended 30 September). Due to the COVID-19 pandemic, the company's losses for the reporting period reached €3 bln. At the same time, the company's managers noted that Tui does not expect bookings to return to normal levels...
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