Daily Management Review
Business & Finance

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...

Fresh Market to be Bought by Apollo Global for $1.4 Billion

A $1.4 billion deal has been etched between The Fresh Market (TFM)  and Apollo Global Management (APO) where the later would acquire the former, the companies announced on Monday.   Shares of the Greensboro, N.C.-based specialty grocery chain were up 23.76% to $28.43 following the...

Marriott’s Offer for Starwood Topped by China Led Group

In what is being termed as a move to derail a pending deal between Starwood Hotel & resorts Worldwide Inc. and Marriot International Inc., a group led by China’s Anbang Insurance Group Co. has made a $12.8 billion takeover offer to Starwood.   As Chinese companies view high-quality real...

Electronic Stock Trading Revamped at Goldman to Catch up with Rivals

In recent years Goldman's status slipped in electronic trading because its technology did not keep up with client demands for ever-faster trades despite the bank being one of the top two stock brokerages in terms of revenue and customer rankings.   It was to fix this problem that the bank...

Hackers Stole $ 100 Million Belonged to Bangladesh From the Federal Reserve Bank

Criminals stole $ 100 million from the account of the Federal Reserve Bank of New York, cracking its electronic system. This reported AFP with reference to informed sources. These funds belonged to the Central Bank of Bangladesh and accounted for 4% of the total reserves of the country. This South...

French Auditor says Hinkley Point Potentially Risky for EDF

France’s top public auditor has said that it would be potentially risky for French firm EDF to continue with the nuclear power project in Hinkley in Britain.   EDF is a state-owned power utility firm whose foreign investments in recent years have proved disappointing.   EDF and its...

With Record $4.5 Billion Investments, Fintech Growth Accelerates in Asia

Asia is poised to shake up the financial services industry as investors poured a record $4.5 billion into the financial start-ups in Asia last year.   Data shows that this is four times as much as was put in the previous year which has put the Asian region at the center of the global tech...

$101M Cyber Bank Theft Partially Stopped by Typo Error

In what could be the largest ever and the most audacious bank raids in history, the central bank of Bangladesh was duped $101 million in a cyber heist. This has left the bank officials from Bangladesh to New York arguing over the security set up in banks.   Hackers allegedly masqueraded as...
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