Daily Management Review
Business & Finance

Societe Generale gets fined for $ 1.34 bln in the US

The French bank was accused of violating US sanctions against Iran, the DPRK, Cuba, Libya, Myanmar and Sudan. A press release from the US Department of Justice notes that Societe Generale will pay separate fines to the US Treasury Department for Foreign Asset Control, the Fed, the New York State...

AI Powered Artificial News Anchor Debuts In China

The first so called artificial intelligence (AI) television anchor has made its debut on China’s state-run Xinhua News. However, many viewers have called this robot as “a news-reading device without a soul.”   But analysts also gave credit to the short-term progress in voice recognition,...

Nvidia earns $ 3.2 billion in Q3

Graphics maker Nvidia will complete the third quarter of the 2019 fiscal year with a 21 percent increase in sales. Profits increased as well - by 38%. The company reported a slight drop in gross margin in the third quarter. Those buyers who were supplanted by miners during the crypto rush, are not...

A Shortage Of Sea Ice Halts US Firm’s Attempts To Drill Oil Form Arctic Region

An ironic hurdle has abruptly stopped a efforts by the US to set up a first oil drilling operation in US waters. The project has been stalled by  a dearth of sea ice resulting from a rapid warming of the environment in the region.   The Liberty project below the Beaufort Sea, off...

EE of BT Group To Introduce 5G Network In Britain By Next Year

Competition to be the first to capture the Britain’s 5G service market seems to get tougher as EE comes up with faster and bigger network site promises in the wake of Vodafone’s 5G network launch Britain. EE is an operator for mobile network which is a part of BT Group, “top telecoms” company of...

Apple Forced Into Discomfort Zone By Poor iPhone Sale

Even as the season of festive sale is upon us, a number of questions about one of the favourites of buyers for this time – Apple Inc, are rising. There are questions over whether buyers are falling out of love with expensive iPhones or has Apple been forced into a new course of action because of a...

Record Single’s Day Sale Revenue Of $31 Billion Notched By Alibaba

China’s leading online retailer Alibaba Group Holding Ltd set a record for its one day sale revenues on its annual Singles’ Day discounted sale by selling goods worth 213.5 billion yuan ($30.7 billion). The largest e-retailer of the company was that its early sale on Single’s Day saw Xiaomi Corp.,...

Customer Sentiment Tracker Qualtrics To Be Acquired By SAP For $8 Billion

The US based firm that specialises in surveying consumers online - Qualtrics International Inc is set to be acquired by Germany's SAP for a deal worth $8 billion in cash. The US-based company is expected to get listed and the deal was partly driven by that consideration.   This deal supports...

Renewable Energy Trading Being Helped By Blockchain Tech In Singapore

The energy industry in a Southeast Asian city-state is being reshaped by blockchain technology which is the underlying technology behind the production and functioning of bitcoin.   The technology has been recommended by experts to be suitable to be used in a number of sectors and countries....

Interview with Ignacio de la Torre: "We are witnessing the beginning of the end of cheap money!"

The 13th of June, Ignacio de la Torre, Director of Finance programs at IE Business School came to Paris. This school which forms the European elite was ranked by the financial times 3rd best European Business school just behind HEC Paris. He delivered a conference about the end of cheap money, and...
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