Daily Management Review
Business & Finance

Workers Laid Off Due To Grim Forecast For 2023 At Softbank's Arm China: Reuters

According to a report published by  the news agency Reuters, 90-95 employees were laid off last week by SoftBank Group Corp's chip technology business Arm Ltd's China joint venture in an effort of the company to deal with a problem of a bleak business outlook for 2023....

Adani's Relations With Its Investors Being Probed By Indian Regulator Even Pms Office Is Briefed On The Issue

According to two sources, India's market regulator is looking into Adani Group's ties to some of the investors in the conglomerate's failed $2.5 billion share sale, as New Delhi grows concerned about allegations made by a U.S. short-seller against one of the country's top industrial groups.  ...

Almost A Third Of Global Processor Market Captured By AMD While Growth Of Market Share Of Arm's Slows In Q4 Of 2022: Analyst Report

According to a report by analysts, the UK based chip technology company Arm Ltd's growth in the global PC market decelerated in the fourth quarter of 2022, while almost a third of the market share for central processing units was taken over by Advanced Micro Devices Inc....

Why Drug Shortages In Europe Could Worsen

Ignasi Biosca-Reig immediately added shifts at his pharmaceutical company's factories to increase production of the well-known antibiotic when he learned there were shortages of amoxicillin in Spain. But he could only commit to a few more shifts.   Despite his desire to substantially...

Unilever Claims Price Increases Will Continue In 2023 And Moderate In The Second Half

In order to offset rising input costs, Unilever Plc said on Thursday that it would hike prices for its packaged foods, detergents, and soaps while reducing them in the second half of 2023.   The London-based manufacturer of Marmite, Fairy dishwashing liquid, Dove soaps, Ben & Jerry's ice...

Warning About ChatGPT Stock Craze Risks Highlighted By Chinese State Media And AI Firms

Chinese state media warned against the risks of chasing regional ChatGPT-concept stock prices on Thursday, while domestic artificial intelligence (AI) firms urged investors to exercise caution after their skyrocketing share prices attracted regulators' attention.   ChatGPT, a chatbot created...

Uber's net loss grows 18.4 times in 2022

According to Uber Technologies Inc.'s financial reports, the company's net loss attributable to shareholders for 2022 climbed 18.4 times from the value for 2021 to $9.141 billion. Following a loss of $0.26 the previous year, the diluted loss per share was $4.64. In contrast, revenue increased 1.8...

Consumers Will See New Price Increases As Retailers And Suppliers Pass On Hiked Expenses To Shoppers

According to retailers, consumer goods companies, and investors, shoppers around the world will pay even more for groceries this year than they did in 2022, unless commodity costs fall or the shift to cheaper store-brand products accelerates.   Retailers and consumer goods manufacturers have...

Drug Making Firms Expected To Face Sale Drop In 2023 As COVID Is Almost Over

Pharmaceutical companies that made billions selling vaccines and treatments during the pandemic are now facing a steep COVID cliff and investor pressure to spend their windfalls wisely.   Pfizer Inc, BioNTech SE, Moderna Inc, Gilead Sciences Inc, AstraZeneca Plc, and Merck & Co are...

FTX Group asks U.S. politicians to return its donations

The FTX Group, which filed for bankruptcy in November, asked American politicians to return tens of millions of dollars in political contributions made by last fall. Politicians and organizations that had received cash donations from Sam Bankman-Fried's cryptocurrency startup have already received...
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