Daily Management Review
Business & Finance

Virgin Australia CEO Predicts Surge In Summer Travel, Says Flying Will Be ‘Irresistible’

It will be “irresistible” to fly again, believes the newly appointed CEO of Virgin Australia, with the airline targeting to regain market share under the new ownership.   The company is placed in a good position to take over one third of the domestic market, Jayne Hrdlicka said in a...

Tesla Co-Founder To Build ‘Top Battery Recycling Company’

The market for batteries and the electric vehicles is set to bloom. In a technology conference, J.B. Straubel, co-founder of Tesla, expressed his wish of turning “Redwood Materials”, a start-up under his initiative, into the “top battery recycling company” in the world, while securing a place among...

GE gets $200M fine in USA

The American company General Electric (GE) will pay a $200 million fine for withholding important information about its financial activities from investors. This was reported on Wednesday on the website of the Federal Securities and Exchange Commission. "The SEC today announced that General...

Japan's Takeda Targets Over Two-Fold Increase In Sale On 10 Years Helped By Its Drug Pipeline

Within the next decade, the annual sale revenues of the company is expected to grow by more than 50 per cent to reach 5 trillion yen ($48.01 billion) because of the number of type of drugs it currently has in its pipeline, said Japan's Takeda Pharmaceutical on Wednesday.   After the...

Nearly A Record $41 Billion Investment Notched Up By Resilient European Tech Startups

The economic shock of the novel coronavirus pandemic outbreak has been mostly overcome by European tech startup investment, according to venture capital firm Atomico, which also forecast that the sector was set to see record investments in the current year.   In September, a monthly record...

Its Self-Driving Car Unit Sold By Uber To A Startup

A business unit that was once hailed by Uber’s founder as critical to the future of the ride hailing company, the driverless car subsidiary of the company is being sold by it to start-up Aurora Technologies, effectively also potentially abandoning its ambitions in the area of driverless vehicle...

Plans Of Upward Revision Of Price Target Range For Its IPO Being Made By Airbnb

The growing demand for new stocks of United States based companies became apparent after reports became public of plans by Airbnb Inc to increase the target price range for its initial public offering (IPO) to between $56 and $60 per share.   Reports quoting sources with knowledge of the...

Lufthansa to lay off nearly 30,000 employees

The German airline Lufthansa is going to downsize 29,000 employees by the end of the year, wrote the German newspaper Bild am Sonntag on Sunday, citing sources in the company. According to other German media reports, the airline confirmed this information. The newspaper notes that 20,000 people...

Ryanair To Purchase 75 Boeing MAX Jets As Grounding Order Lifts For The Jets

The embattled United States plane maker Boeing was given a commercial lifeline, after a 20-month safety ban on its 737 MAX jets was lifted recently by regulators, by the budget airline Ryanair as it ordered 75 of the planes from the company at a list price of $9 billion.   Since 2018, when...

Same-Day Streaming By Warner Bros Set To Disrupt Theater Business

In an unprecedented move that hammered shares of struggling cinema operators, of its 2021 films will be debuted in theatres and on the HBO Max streaming service on the same day by AT&T Inc’s Warner Bros studio, the company said on Thursday.   The studio said in a statement that it will...
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