Daily Management Review
Business & Finance

Uber To Launch Freight Platform In Germany

United States based ride hailing company Uber intends to rival local German technology startups in its overall plan of taking a share of the $500 billion trucking market of Europe and will be launching a freight platform in the largest economy of the European Union, according to report.  ...

PSA Group reaches record profitability

In the first half of the year, the French automobile concern PSA Group (Peugeot, Citroen, DS, Opel and Vauxhall brands) reported an increase in total operating profit by 10.6% to € 3.34 billion, and operating profit of the automotive division by 12.6 %, to € 2.7 billion. Due to this, the company's...

Japanese Canon's profit falls by 55.6% in Q2

Japanese Canon Inc., a leading global camera maker, lowered its earnings and revenue forecasts for 2019. The company's net profit collapsed in Q2 by 55.6% in annual terms. Net profit amounted to 34.52 billion yen ($ 319 million) in April-June against 77.67 billion in the second quarter of last...

Huawei’s research arm Futurewei Technologies slashes U.S. workforce

More than 600 people have been layed off by Futurewei. In a development that underscores the stength of the headwinds that Huawei faces, the Chinese company stated, it has laid off more than two-thirds of its 850-strong workforce from its U.S.-based research arm Futurewei Technologies. Futurewei...

Security Agency Warns Of “Struggle” To Track Criminals Over 5G Networks

Europol has warned that it may not be possible for European police forces to effectively keep track of criminals over the new 5G mobile networks that is being constructed in a number of European countries.    The tools that are currently used by the pan-European security agency for...

Apple negotiates buying 5G modems from Intel

Apple Inc. is actively negotiating with Intel Corp. about buying a modem business for smartphones. Amount of the possible deal is estimated at about $ 1 billion, writes The Wall Street Journal, citing informed sources. According to them, an agreement can be concluded as early as next week unless...

Philips Beats Second Quarter Estimates Driven By Double Digit Growth In China

Double-digit growth in China and Western Europe spurred the Dutch health technology company Philips top post better than expected growth in sale in the second quarter. The company said that the Chinese market in particular was drive by higher spending which saw a 6.4 per cent quarter on quarter...

American Halliburton's profit collapses 2.4 times in the first half of 2019

Net profit of the American oilfield service company Halliburton Inc. decreased in January-June by 2.4 times in annual terms to $ 229 million, follows from the company's statements. Diluted earnings per common share were $ 0.26 versus $ 0.63 in the first half of 2018. Revenue decreased by 2% to $...

US retail stores are leaving offline space

Development of online commerce, which allows sellers to significantly save money, is encouraging companies to close their physical stores. As a result, more than 7 thousand points of sales were closed over the first half of the year in the USA, and by the end of the year this figure could be twice...

White House To Discuss Huawei Ban With Executives Of US Tech Firms

The issue of the ban on American companies on selling anything to the Chinese tech company Huawei Technologies Co Ltd will be discussed between the executives from semiconductor and software companies and the White House economic adviser Larry Kudlow, according to reports quoting sources with...
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