Daily Management Review
Business & Finance

Volkswagen - Ford alliance: first pickups, next electric cars

The German and American car builders are launching a strategic partnership at the time of a decisive restructuring of their business. A new transcontinental alliance is being formed in the global automotive industry. Its initiators are Europe’s largest auto concern, German Volkswagen, and America’s...

Larry Ellison Becomes The ‘Second Largest Individual Investor’ For Tesla

Following the entry of Ellison into Tesla’s board of director, he turns an investor for the company. The founder of Oracle Corp, Larry Ellison is also the ninth “richest man in the world”. Ellison has made an investment of “$1 Billion” in Tesla Company, while he has also become a part of Tesla’s...

Lampert’s Bid Upheld In Auction For Sears, Reports

According to reports, the bid by the chairman of retailer Sears - Edward Lampert, for the company at a bankruptcy auction was upheld. This means that the company would be potentially be saved and be in business along with the jobs of tens of employees of the company.   Reports quoting...

Russia Linked Hundreds Of Fake Accounts And Pages Dropped By Facebook

Facebook has confirmed that it has removed from its social media platform hundreds of fake pages and accounts that are allegedly related to Russian operations and hackers.   The company had removed "multiple pages, groups and accounts that engaged in coordinated inauthentic behavior on...

China's Huawei And ZTE Targeted In Bipartisan Bills Introduced In US

Bills were introduced in the United States Congress by a bipartisan group of US lawmakers seeking to pass a law that would put a ban on the sale of chips or other components made by US companies to Chinese telecommunications companies including Huawei Technologies Co Ltd and ZTE Corp that are or...

McDonald’s loses “Big Mac”

“Big Mac” is no longer owned by McDonald’s completely. The company has lost the exclusive right to this name - however, only in the territory of the European Union. A sesame seed bun, two chops, sauce, cheese, cucumbers, lettuce and onions. This recipe turned 50 years old in 2018, and McDonald’s...

Experts Say AI To Be Adopted The Fastest In Retail In Next 3 Years

According to experts of the retailing industry, in terms of adoption of artificial intelligence by industries, the global retail industry will be the fastest.   "Technology will continue to strip friction from brick-and-mortar retail and AI will become retailers' go-to technology," said...

Chinese Evergrande Group buys Swedish electric vehicle manufacturer for $ 930 mln

Evergrande Group, one of the Chinese real estate giants, is seeking to expand its portfolio by purchasing a Swedish electric vehicle manufacturer. Evergrande Health Industry Group Ltd, a subsidiary of the group, said it would buy 51% of the shares of National Electric Vehicle Sweden (NEVS) for $...

Citi Group Beats Market Estimates; Predicts More Revenue From Lending In 2019

Reporting better than expected fourth-quarter results, Citigroup Inc announced that 2019 would be a better year for the bank compared to 2018 as it expects to earn $2 billion more in revenue from its lending activities. This announcement saw its shares rise by 4 per cent.   The drivers for...

US Giants Like Amazon And Salesforce Gaining From Europe's Cloud Market

The tech sector of Europe has been clouded by data privacy scandals, stricter regulations and the escalating war of tariffs between the United States and China in the last year.   However cloud computing is one tech sector whose performance and outlook is not as bleak as the other segments....
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