Daily Management Review
Business & Finance

Facebook’s Whatsapp Payment On JioMart

Facebook C.E.O and Reliance’s Ambani are in talks for the formers “biggest purchase since acquiring WhatsApp”. Amid the coronavirus pandemic, as “assets and oil” continue to nosedive, the business tycoon of India, Mukesh Ambani needed to secure a winning deal to prevent “investor exodus from...

PepsiCo withdraws annual forecast amid COVID-19 pandemic

US PepsiCo Inc., one of the world's largest soft drink manufacturers, cut its net profit in the first fiscal quarter of this year and revoked its annual forecast due to uncertainty amid the coronavirus pandemic. According to the company’s press release, its net profit for the 12 weeks ending March...

Deeper Job Cuts Warning Issues By Airbus In Letter To Employees, Says 'Survival At Stake'

Airbus employees, a total of 135,000 people, have been warned of possible deeper cuts in jobs, the European plane maker said in a bleak assessment about the the impact of the coronavirus pandemic crisis on its business. The airline has also warned that its very existence is at stake because of the...

Despite Uncertain Demand, European Car Makers Restart Production

The biggest factory of the biggest German car maker Volkswagen started to reopen on Monday even as the broader industry in Europe is trying to get back to work. The novel coronavirus pandemic has hit Europe very hard resulting in plummeting of demand and piling up of inventory.   Lockdown...

Airbus CEO: The company's survival is under threat

Head of the European aerospace concern Airbus SE, Guillaume Faury, warned of a threat to the company's survival in the context of the coronavirus pandemic, writes the Financial Times, citing a letter from the top manager. “We are losing money at an unprecedented rate, which threatens the existence...

Glimpse Of A Rebound In China Offered By Airbnb Booking Data

There was an astounding 200 per cent jump in the number of domestic bookings in China for the first half of April compared to the same period in the previous month of March, according to data released by the home sharing startup Airbnb Inc, even as global travelling and even travelling within a...

Data Shows A 6.3% Fall In Global Oil Supply By 2030 Because Of Project Delays

According to data from energy analysts at Rystad, a string of delays to investments by energy companies because of the companies trying to adjust to the continued drop in crude oil prices will result in a drop of 6 per cent in global oil supplies compared to what is expected by 2030.   In...

US banks record record inflow of deposits

According to the Wall Street Journal, which analyzed the data of the Federal Deposit Insurance Corporation (FDIC), deposits in US banks for the first quarter grew by $ 1 trillion in total, which is record quarterly dynamics. More than half of the new deposits ($ 590 billion) were attracted by the...

Lockdown Orders Propels Target's Online By 275% In April

The coronavirus related lock down and stay at home orders have propelled the demand for products online which was cited by Target Corp to be the reason for the company being able to cushion some of the hit that it has taken because of coronavirus lockdowns to in-store sales during the quarter ended...

Gulf of Mexico oil companies are stopping production

Offshore oil companies have begun shutting down wells in the U.S. Gulf of Mexico following a collapse in oil prices, and some top executives in the sector fear that a full recovery could take years, The Wall Street Journal writes. The unprecedented drop in energy demand as a result of the COVID-19...
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