Daily Management Review
Business & Finance

Insurers Likely to be Upset by Rise of Self Driving Cars: Study

A new car insurance research finds that the revenues of the industry could be seriously impacted due to the fact that self-driving cars and automatic safety features would significantly to reduce the number of road accidents in the future.   A global study of road accidents and user-based...

As Regulators clean up "Wild East", Chinese Hedge Fund Sent Scrambling

Stringent new rules, introduced overnight, that could see over half the industry shut down by August sent managers running to comply with the laws even as China's hedge fund industry was been thrown into disarray, reports Reuters.     In a bid to save their licences after the regulator...

Heineken Wants Control over Vijay Mallya’s United Breweries

Vijay Mallya, who owes creditor banks more than $1 billion, could be most likely asked by Heineken is to step down from the board of United Breweries, reported Reuters quoting sources.   United Breweries is India's largest brewer.   Betting on a small but fast-growing beer market –...

Bangladesh Central Bank Governor Quits even as Man in Manila Identified as Getting $30 million Cash From Cyber Heist

As details emerged in the Philippines that $30 million of the money was delivered in cash to a casino junket operator in Manila, Bangladesh's central bank governor resigned on Tuesday over the theft of $81 million from the bank's U.S. account.   Officials told a Philippines Senate hearing...

Foxconn To Wait For Sharp's Reports

Taiwanese contract manufacturer Foxconn Electronics has delayed the deal on Sharp’s aquistision once again. At this time, the company decided to wait for announcement of the quarterly financial results of the Japanese vendor. Thus, the transaction which, according to the Foxconn itself, was to be...

Faced with Default Risk Drugmaker Valeant Cuts 2016 Outlook

The shares of Valeant Pharmaceuticals International Inc plunged after the company said a delay in filing its annual report could mean a debt default as the company announced a cut in  its 2016 revenue forecast by about 12 percent.   Without being specific, Chief Executive Officer...

Italy To Give Expired Food to Charity

Italy is preparing to adopt a law, according to which shops and catering establishments will not throw out not spoiled but expired food, but give it to charity instead. Earlier, a similar law was adopted in France. Next week, the Italian parliament can pass a law that would encourage grocery...

Robots Robs Human Jobs At RBS

Keeping up with the digitisation’s wave, RBS cuts down over five hundred employments. The value and amount of manual work is in the decline making its way for the rise of automata force. As a result, the age of technology welcoming the robotics and absorbing the same in industrial world, has been...

Cannabis Drug Succeeds in Trial, GW Pharma Value Doubles

Following positive results in the first Phase 3 study of its investigational medicine Epidiolex, shares in GW Pharmaceuticals skyrocketed more than 120 percent Monday.   In a keenly anticipated clinical trial, the experimental cannabis-based drug has successfully treated children with a...

Encryption of User Data Planned to be Enhanced by Facebook, Google and WhatsApp

As Apple fights the US government over encryption, Silicon Valley’s leading companies – including Facebook, Google and Snapchat, are working on their own increased privacy technology, reports Reuters.   Just as much as Apple’s more secure iPhones, which are currently at the center of...
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