Daily Management Review
Business & Finance

Porsche tops most expensive luxury brands rating

Porsche has once again led Brand Finance's "Luxury & Premium 50" list of the most expensive luxury brands, with a total market value of close to $37 billion. Porsche is the most costly luxury and premium brand in the world, according to Brand Finance's new "Luxury & Premium 50" 2023 list,...

Toyota Unveiled Its Grand Goals For EV Innovation And Innovative Battery Technology

Future electric cars (EVs) would use high-performance, solid-state batteries and other technology from Toyota, the manufacturer announced on Tuesday. This strategic shift increased the value of the company's stock.   The Japanese giant's technical roadmap was the automaker's most...

Nasdaq shares lose nearly 12% after the largest deal in company’s history is announced

Nasdaq shares dropped by about 12% after it was revealed that the stock exchange operator agreed to the biggest deal in its history. The exchange operator Nasdaq and the investment firm Thoma Bravo have reached an agreement for Nasdaq to acquire Adenza, a banks and brokers software provider, for...

Jeff Bezos buys one Amazon share for the first time in 20 years

Analysts are baffled by Jeff Bezos' purchase of just one Amazon’s share for $115. The billionaire, who frequently sells off shares in the corporation to support his space initiatives and hobbies, made the purchase, his first increase in 20 years. According to a document submitted to the US...

UK watchdog to introduce new rules for cryptocurrency advertising

Beginning on October 8, the Financial Conduct Authority of the United Kingdom will impose new regulations on cryptocurrency advertising. According to a statement from the regulator, the UK Financial Conduct Authority (FCA) will begin enforcing new regulations on cryptocurrency advertising on...

Starbucks Comes Up With Cheaper Beverages In India As Its Domestic Competitors Grow

In one of its fastest-growing markets, Starbucks is rethinking its approach to entice Indians, particularly youngsters, with smaller, less expensive beverages as it seeks to expand in small towns. However, the company is facing a stiff competition from local companies.   The American...

Investors pull out $790 million from Binance after SEC lawsuit

Investors have pulled out more than $790 million from the cryptocurrencies Binance and Binance.US (or more than $778 million and roughly $13 million, respectively). The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its creator Changpeng Zhao on Monday. They are...

Shell exits retail business in three countries

Reuters: Shell ends its retail operations in the Netherlands, Germany, and the United Kingdom. According to Reuters, British-Dutch Shell announced leaving the retail energy markets in Britain, Germany, and the Netherlands due to low revenues. Following Wael Sawan's appointment as CEO, Shell began...

SEC sues Binance and its Head

The Securities and Exchange Commission (SEC) sued the biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao. The Securities and Exchange Commission (SEC) has filed a case in federal court against Binance, the largest cryptocurrency exchange in the world, and its CEO, Changpeng Zhao....

FT: UBS to postpone publication of Q2 results due to Credit Suisse deal

The FT learned that UBS is considering delaying the release of its second quarter financial results due to the acquisition of Credit Suisse. Informed sources told the Financial Times that Swiss bank UBS is considering delaying the release of its financial results for the second quarter of 2023 due...
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