Daily Management Review
Business & Finance

Ryanair closes its base at Brussels airport

According to local union ACV Puls and Belgian news outlet Belga, Ryanair is closing its base at Brussels Airport. 59 employees may be in danger of losing their jobs, the newspaper reports. The Irish low-cost carrier uses Brussels Airport for two of its planes. South of Brussels, at Charleroi...

Business jet industry grows despite rising inflation

The private aviation market, which saw a rise in demand during the COVID restrictions of 2020–2021, witnessed growth in 2022, when the majority of the restrictions were repealed and mass passenger travel by conventional airlines resumed. According to speciality company WingX, reported by the...

Despite The Weak Rupee, Mercedes Predicts Double-Digit Sale Growth In India In 2023

Mercedes-Benz is expecting to clock double-digit growth in sales in India this year, despite concerns that a weaker rupee will raise car prices, according to the head of the company's local unit.   According to Santosh Iyer, managing director for Mercedes-Benz India, the German luxury...

AstraZeneca Will Pay $1.8 Billion To Acquire US Headquartered CinCor Pharma

AstraZeneca announced on Monday that it has agreed to buy CinCor Pharma Inc, a biopharmaceutical firm based in the United States, for up to $1.8 billion in order to strengthen its pipeline of heart and kidney drugs and expand beyond its core cancer business.   AstraZeneca said it will pay...

Apple to open its first flagship stores in India

According to the Financial Times, the American company Apple has started employing staff in India as it gets ready to open the first of its flagship stores there. As Apple is preparing to launch its first flagship stores in the second-largest smartphone market in the world as soon as this quarter,...

TikTok Has Put A Halt To Consultant Hiring For The US Security Deal As Opposition Grows

TikTok has halted a search for consultants to assist it in implementing a potential security agreement with the United States, according to two people familiar with the matter, as opposition to such a deal grows among US officials.   For the past three years, the short-video app, owned by...

China May Relax Its "Three Red Lines" About Property Industry Rules: Bloomberg News

Bloomberg News reported on Friday that China intends to ease borrowing restrictions for property developers in order to support the troubled sector by relaxing the "three red lines" policy.   The "three red lines" policy was announced in August 2020 to address property developers' excessive...

Hedge Fund Fees Have Dropped To Their Lowest Level Since The 2008 Financial Crisis, According To HFR

Fees for hedge fund have fallen down to their lowest level since the global financial crisis in 2008, according to research firm Hedge Fund Research (HFR), as investors face high inflation and recession fears.   HFR reported that hedge fund base fees fell by one basis point (bps) from...

Dell Intends To End Using 'Made In China' Chips By 2024

Dell plans to phase out Chinese-made chips by 2024 and has instructed suppliers to significantly reduce the amount of other "made in China" components in its products as part of efforts to diversify its supply chain amid concerns about Washington-Beijing tensions.   According to three people...

Former Top Lawyer Of FTX Assisted US Authorities In The Bankman-Fried Case

FTX's former top lawyer Daniel Friedberg has cooperated with US prosecutors in their investigation into the crypto firm's collapse, putting more pressure on founder Sam Bankman-Fried, who was arrested on criminal fraud charges last month, according to a report published by Reuters quoting...
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