Daily Management Review

DMR

Don't Miss

OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Bayer to cut more than 200 employees in German crop protection products segment 05/13/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

Economics

Business & Finance

Management

World & Politics

Science & Technology

Art & Art Market

Business & Finance

Nokia sues Apple over patent infringement

Finnish company Nokia has filed several petitions against American Apple to the European and US courts for patent infringement. For several years, the company has been trying to resolve the conflict through negotiations, but the process resulted in nothing. Nokia appealed to the regional courts of...

As Investors Question Strategy, Watchmaker Swatch goes into Car Batteries

Swatch Group was riding high three years ago. Record gross sales was reported by the world's largest watchmaker, known for its colourful plastic watches as well as upscale brands including Breguet. He was taking the company in a new direction, launching a battery for electric vehicles with...

$65 Billion Merger Outline and Ambitious Cost Savings Agreed Upon by Linde and Praxair

With the combined company to be run out of the United States by Praxair's chief executive, German industrial gases group Linde and U.S. suitor Praxair have agreed an outline for a $65 billion-plus merger. Sources have said that Praxair provided new assurances to Linde over jobs and...

Not-so-happy ending of Uber's fairytale in China

Chinese pioneers in the field of digital technology aspire to grip the title of world champions, and competition plays into their hands. Uber passenger service, one of the most valuable startups in the world, decided to sell local business in favor of its Chinese rival, Didi Chuxing. Chinese fairy...

Euronext is interested in LSE's clearing business

European exchange operator Euronext confirmed rumors on exclusive negotiations with London Stock Exchange (LSE) to buy French business of clearing house LCH. The deal could help regulators get approval for LSE - Deutsche Boerse merger, reports Financial Times. Three months ago, LSE offered to sell...

Uber's quarterly loss exceeded $ 800 million

In III quarter of 2016, Uber taxi service recorded an adjusted loss of more than $ 800 million due to price wars with Lyft in the United States and high costs of new initiatives, according to the Financial Times and its sources. The newspaper notes that the situation in the company is gradually...

Credit Suisse was Proposed to Cough up $5 Billion - 7 Billion Penalty by U.S. on Toxic Debt: Reuters

Reuters reported that to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion. Reuters quoted a source with knowledge of the matter saying...

US still has a chance to hold Saudi Aramco's IPO

Minister of Foreign Affairs of Saudi Arabia Adel Al-Jubeir says Saudi Arabia may still decide to sell shares of oil giant Aramco in New York, even after the United States passed a law that allows victims of the September 11 attacks to sue the kingdom. The kingdom is considering markets from Hong...

Shares of Deutsche Bank go up sharply

Deutsche Bank has shown a significant increase in securities after a prolonged crisis, Bloomberg writes. It amounted to 57% over the last three months of 2016, while the trend has been negative a few quarters in a row, starting from the II quarter of 2015. As the newspaper writes, such optimism of...

To Reassert Dominance, Israel's El Al Looks to New Planes

To claw back market share dented by relentless competition from low-cost carriers and a damaging dispute with pilots, Israel's national airline, El Al, is betting on a billion-dollar overhaul of its ageing fleet. Thanks to the kind of stringent security that sees it equip planes with...