Daily Management Review
Business & Finance

Tesla sidesteps one of the world economy's biggest problems

Electric car maker Tesla was able to double its sales in spring 2021 compared to the same period a year earlier and sidestep one of the world economy's biggest problems, The New York Times reports. A global chip shortage that has hit carmakers around the world hard has not prevented Tesla from...

Top-selling cigarette brand owner to buy nicotine gum maker

Philip Morris, which owns the Marlboro cigarette brand, has agreed to buy nicotine gum maker Fertin Pharma for $813m. The deal should help one of the tobacco market's biggest players boost revenue from smoke-free products. One of the largest tobacco companies in the world, Philip Morris...

New Bank Group To Create Method To Track How Financing Helps In Jobs And Environment

Plans of development of a new method of measuring the environmental and social impact because of their financing was announced on Wednesday by a group of banks which included UBS and Singapore's DBS.   ABN Amro and Danske Bank are also included in the banking group which is called Banking...

China's Didi expects market cap of $67B at its IPO in New York

Chinese holding company Xiaoju Kuaizhi, which owns taxi service Didi, held a quick roadshow ahead of Wednesday's IPO on the New York Stock Exchange. According to its results, the company has priced its initial public offering at $14 a share. Chinese taxi service Didi Global (Xiaoju Kuaizhi...

Glencore to buy partners' stakes in world's biggest coal mine

Switzerland's Glencore has accepted an offer from partners in the world's largest Colombian coal mine, Cerrejon, to buy out their stake in the venture. Thus, the company will own 100% of the shares. Glencore, BHP and Anglo American owned the rights to develop the Cerrejon open pit mine in equal...

Facebook Refuses To Negotiate With Australian Publisher As Required By New Law

A claim that the social media company Facebook refused a request by a publisher to negotiate a licensing deal is being looked into by Australia's competition watchdog.   This is the first occasion that the implementation of the toughest online content law in the world will be put to the...

J&J Agrees To Settle Opioid Charges With New York For $263 Mln

Charges that Johnson & Johnson had fuelled an opioid epidemic in New York state and in two of its largest counties would be settled by the company for an amount of $263, the company said on Saturday.   With this out of court settlement, the company will be able to remove itself from a...

Diesel Cars By 2030 And Petrol Cars By 2035 To Be Banned By Brussels Region

Diesel powered cars would be banned by 20203 while petrol cars would be phased out completely by 20356 in the Brussels region, announced the regional government on Friday. It said that this was aimed to meet the carbon neutrality target of the European Union by 2050.   Vehicles running on...

Amazon's AWS Acquires Message Encrypting Service Wickr

The cloud computing business of Amazon - Amazon Web Services (AWS) has acquired the encrypted messaging platform Wickr as the company ventures into the encrypted messaging business segment.   Wickr has primarily engaged in providing services to government and military groups and enterprises...

Chinese Companies Eager To Sponsor Euro 2020 In An Effort To Go Global

Following the footsteps of the Chinese home appliance company Hisense, three other Chinese firms have struck partnerships for sponsoring the Euro 2020 this year. Hisense was the first Chinese sponsor for the UEFA European soccer championship in 2016.   The Chinese companies sponsoring this...
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