Daily Management Review
Business & Finance

Swatch to introduce its 'smart' model to the European market

Swatch Company entered into a cooperation agreement with the payment system Visa Europe and Swiss Corner Bank. Within the new project, Swatch Bellamy smart watch will be equipped with the NFC-technology, which can be used for contactless purchases. "Bank customers can create a register entry by...

Zynga's office is more expensive than the company's whole business

After a long series of setbacks that have plagued the American developer of browser games Zynga, the company's value may be less than its own headquarters in San Francisco. Zynga has long been experiencing difficulties with development of the business models and strategies to promote its products....

Face Off for Google and Oracle over Innovation Label in Android Retrial

A $9 billion copyright retrial has brought Oracle Corp and Google face to face in a legal battle over program copy rights.   In the law suit Oracle has accused Google of stealing programming which helped the latter to become the world's leading smartphone player. On the other hand Google...

Big oil companies gave up the US licenses on drilling in the Arctic

Major oil companies, including Royal Dutch Shell, ConocoPhillips and Statoil, refused the US government’s licenses to drill exploratory wells in the Arctic. Total cost of the denied permissions amounted to $ 2.5 billion. Oil majors gave up the rights to drill in an area of 2.2 million acres (about...

Find Your Favourite Nail Polish Taste With KFC

The new KFC addition will make its customers literally lick their fingertips. The giant of fried chicken trends, KFC, has launched a new product that sends its tag line “finger lickin’ good” to yet “another level. The new addition to KFC’s menu features “two edible nail polishes” which has a...

Supply Disruptions Outweighing Brimming Storage Can Result in Gain in Oil Prices

Worries over brimming inventories and a looming refined products glut were overweighed by some 2.5 million barrels of daily production that have been taken off the market due to the supply disruptions in Canada and elsewhere resulted in rise of global oil prices for again on Tuesday.  ...

As an IPO Looms, Saudi Aramco Prepares for Global Expansion

As the Saudi Arabia's state-owned oil giant Aramco prepares for a partial privatization pushed by a government intent on diversifying the economy, the giant oil company is also seeking to expand globally via joint ventures overseas.   Reuters reported that the chief executive of the company,...

Large European banks are uptight about working with Iran

International sanctions on Iran began to take off, so many foreign companies are showing growing interest to work with Iran. Yet, some of Europe’s largest banks are still in no hurry to establish contacts with this country. Those are institutions, which in recent years have undergone heavy fines...

As Markets Eye Saudi Reshuffle, Oil Jumps on Canada Wildfire Outages

The raging huge wildfire in Cana has contributed to a significant tightening of markets over the past weeks as Canada's oil sand region knocked out over a million barrels in daily production capacity resulting in a jump of the oil prices on Monday.   With almost all of Canada's crude from...

Heyday of Tesla threatens the platinum market

Elon Musk’s plans for development of the automotive industry promise a swipe at another commodity market - the platinum market. Threat of oil is not very big, yet demand for platinum could fall significantly. And it's not only about increase in popularity of Teslas. Virtually, every automaker is...
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