Daily Management Review
Business & Finance

Record Fine Proposed by Japanese Regulators Against Toshiba for Accounting Fraud

A fine of record proportions amounting to ¥7.37 billion ($60 million) was proposed to be levied on Toshiba Corp., on Monday by the Japanese regulators after a $1.9 billion accounting scandal at the electronics and industrial company.   The Japanese regulators are trying to shore up...

CMA CGM Offer of $2.4 b for Singapore NOL Would Make it the Dominant Player in Trans Pacific Lane

With the aim to expand its presence on trans-Pacific routes, France's CMA CGM -  the world's third-largest container shipping firm, wants to buy out Singapore's Neptune Orient Lines. The French company made a S$3.4 billion ($2.43 billion) offer on Monday for the bid.   The offer of...

China to Become the World's Largest Market for Electric Vehicles

According to the Association of Chinese automakers‘ forecasts, sales of electric cars in China will amount to 220-250 thousand this year. This will allow the Chinese market of electric vehicles to become the largest in the world, surpassing the United States, where 180 thousand EVs will be sold...

Google Optimises Its Search Facility Through Facebook Mobile ‘Deep Link’ App

Facebook teams up with Google, whereby allowing the latter to access the relevant page straight away within Facebook mobile app. From last month onwards Google has been allowed to scroll through Facebook’s mobile apps in order to index the same whereby obtaining “publicly available information”....

Ex-owner of Adidas Said He Is 'Ruined'

The French businessman Bernard Tapie is "absolutely ruined" after the court compelled him to reimburse € 404 million to the consortium of Credit Lyonnais. This he said in an interview with Le Monde French businessman Bernard Tapie, former owner of Adidas and Football Club "Olympique de Marseille",...

Best Tips from Warren Buffett for 2016

Do you want to effectively manage your money? Or make a fortune and live without worrying about finances? No one else can give a better advice than Warren Buffett, whose fortune is more than $ 72 billion, making him the third richest man in the world. In addition, he often gives sound advice about...

Russia Stuck with Miles of Abandoned Gas Pipes Worth Billions After Turkey Row

As a potent symbol of Russia falling out with Turkey, gas pipes worth 1.8 billion euros ($1.95 billion) are to be left stranded on the shores of the Black Sea.   This decision came after Russia's decision to suspend work on the Turkish Stream pipeline following the row over Turkey allegedly...

Target Agrees to Pay $39.4 Million in Settlement with Banks Over Data Breach

Paying for their late 2013 data breach as claimed by banks and credit unions, Target Corp has agreed to pay $39.4 million to resolve claims.   Lenders had sought to hold Target responsible for their costs to reimburse fraudulent charges and issue new credit and debit cards. The settlement...

Janet Yellen Brought Down Emerging Markets

Stocks and currencies in emerging markets are falling for the second day against the backdrop of the fact that the statements of the US Federal Reserve’s head Janet Yellen reinforced expectations of key rate for the first time in 10 years. Dynamics of shares of energy companies led to the fall of...

Allegations of Deceptively Collecting Student Data Refuted by Google

In a public post defending its privacy protections, Google denied accusations that it deceptively tracks and stores student data through its education services on Wednesday.   “While we appreciate the EFF’s focus on student data privacy, we are confident that our tools...
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