Daily Management Review
Business & Finance

IDC: Smartphone sales showed the weakest performance in 2018

According to IDC analysts, global shipments of smartphones declined by 4.1%, to 1.4 billion units in the last year. This dynamic was the worst over the entire period of observation. Smartphone sales fell particularly sharply in the fourth quarter - by 4.9%, with Apple's shipments falling by 11.5%....

European Commission: US duties on car trade with the EU will block dialogue on manufactured goods

Washington’s introduction of restrictions on automotive products trade with the European Union suspend negotiations, which have not yet begun, on the removal of duties on manufactured goods in the trade between them, according to the European Commission. In January, the EC requested the EU Council...

P&G Under Russian Watchdog Scrutiny Over Compliance of Internet Laws

The U.S. consumer goods business is undergoing scrutiny in Russia, as the authorities of the country wants to verify the firm’s compliance to its local data laws. The communication regulatory body of Russia is investigating into the “U.S. consumer goods group Procter & Gamble and Burger King”,...

Fintech startups attract record funding in 2018

Fintech startups, funded by venture capital, last year attracted a record $ 39.57 billion from investors all over the world, which is 120 percent more than in 2017, Reuters reports, citing data from a study by CB Insights. According to the study, 1,707 transactions were completed, compared with...

Cost Reduction At Tesco Could Costs Thousands Of Jobs: Reports

The largest supermarket chain of the United Kingdom Tesco is planning to close down its in-store meat, fish and delicatessen counters as well as making use of vending machines in place of staff run canteens which would result in the company having to cut down on about thousands of jobs related to...

Huawei to overtake Apple and Samsung in 2019

Chinese company Huawei sold $ 52 billion worth of smartphones in 2018. For the first time overtaking Apple in sales last summer, in 2019 the Chinese giant plans to overtake Samsung and become the global leader. The Chinese company Huawei Technologies Co Ltd can become the world's largest smartphone...

Less Being Spend By Chinese Overseas Tourists: Survey

A recent survey released this week by consultancy Oliver Wyman on Chinese travellers has found that they are more interested in spending their money on experiences instead of things.    Even as a host of global and regional luxury brands prepare themselves to generate as much as sales...

Bloomberg: Investigation of Deutsche Bank’s role in Danske Bank case stopped

An investigation into the German Deutsche Bank in the case of large-scale money laundering through the Estonian branch of the largest Danish bank Danske Bank is not being conducted. It is a question of information requests from regulatory and law enforcement agencies, and the bank is cooperating...

MasterCard gets fined for €570 in Europe

The company was punished for cross-border restrictions: it did not allow retailers to take advantage of more favorable conditions offered by banks in other EU countries. The European Commission fined MasterCard for cross-border restrictions: the company artificially raised fees for processing...

Xiaomi to invest $ 1.46 billion in Internet of Things

Chinese smartphones manufacturer Xiaomi Corp. plans to invest more than 10 billion yuan ($ 1.46 billion) in the Internet of Things (IoT) technology over the next five years, reports Securities Daily. Xiaomi has long been developing this strategy. At the end of last year, the company created another...
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