Daily Management Review
Business & Finance

Lawsuit Against Tesla And Musk Filed By Investor Over Musk’s Tweets On Selling Of His Stocks

Tesla investor David Wagner filed a lawsuit against eth US electric car maker Tesla Inc objecting to social media posts, including his poll posts on Twitter, made by Tesla CEO Elon Musk about whether he should be selling his stocks in the company. The law suit alleges that these social media posts...

Supply Challenges Will Hit Its 2021 Production, Warns EV Maker Rivian

The electric pickup truck maker Rivian Automotive Inc revealed the difficulties it will face in ramping up production to compete with the leader in the electric vehicle industry Tesla Inc. this was communicated by the company in its maiden earnings report as a public company. The production warning...

Reddit files for IPO in the US

The Reddit forum has confidentially filed for an IPO. The site was valued at $10bn in the last round of investment. The site expects a valuation of $15bn as a result of the initial public offering, Reuters wrote. Internet forum Reddit has confidentially filed for an IPO, the company said in a blog...

Food And Beverage Manufacturers Face Issues With New Import Rules Of China

Many European coffee brands, including Irish whiskey and Belgian chocolate, are struggling to comply with Chinese food and beverage regulations. They fear that their products will not be allowed to enter China's huge market due to a Jan. 1 deadline.   China's customs authorities published...

Chinese authorities fine the country's second largest coal producer

Chinese authorities have fined the country's second largest coal producer for exceeding mining limits and ignoring safety inspections after coal mines in many parts of the country have been forced to operate at full capacity since October to deal with the energy crisis, the Caixin business daily...

Shell shareholders support the company's move from the Netherlands to London

Shareholders of the oil company Shell supported the move of its headquarters from the Netherlands to London. The company's decision to change its shareholding structure was also unopposed. Shell is facing its biggest change since its formation in 2005. Shareholders in Royal Dutch Shell, one of the...

Investments Of Over $4 Billion To Be Made By GM In Michigan EV Plants

According to reports quoting sources and documents made public on Friday, United States based auto giant General Motors (GM) is considering investing more than $4 billion in two Michigan sites to increase its electric car manufacturing capability.   According to the report, GM has proposed...

Investment Of $1.3 Billion To Be Made By Tyson Foods To Automate Meat Plants

Tyson Foods Inc expects to invest more than $1.3 billion in meat factory automation over the next three years, according to Chief Executive Donnie King, as a manpower constraint in the United States limits supply while demand is high.   Due to the tight labour market and health concerns...

Amazon fined over €1B in Italy

Italy's antitrust agency has fined online retailer Amazon €1,128 million for "abuse of a dominant market position", the Authority for Competition and Market Protection (AGCM) said in a statement. According to the watchdog, the shop took advantage of a "position of absolute dominance in the Italian...

US DOJ suspects Deutsche Bank of violating deal with prosecutors

The US Justice Department has notified Deutsche Bank that it may have breached the terms of the pre-trial agreement by failing to report problems with ESG investing in its asset management arm, DWS. Reporting the problems was one of the bank's obligations under the deal with prosecutors. The US...
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