Daily Management Review
Business & Finance

BMW To Recall 1.03 Mln Vehicles Globally To Fix An Engine Fire Risk

German Luxury car maker BMW will be recalling more than 1.3 million vehicles from all over the world because of potential fire hazards in the vehicles, the company said on Wednesday. This is the third time that the German automaker has been forced to recall its cars globally since 2017.  ...

Bitcoin loses 5% in value

Bitcoin’s price is down 5 per cent in the past 24 hours to $41,200 on Friday morning, trading data showed. Bitcoin fell 4.9 per cent to $41,300, according to CoinMarketCap, a portal that calculates the average price across more than 20 exchanges. Everywhere, the dynamics are given for the day....

Cartier sues Tiffany & Co. with allegations of trade secret infringement

The jewelry brand Cartier has accused Tiffany & Co. of stealing trade secrets. Cartier filed a lawsuit in New York state court against Tiffany & Co. alleging trade secret theft. This was reported by Reuters.  According to Cartier, Tiffany & Co. hired a former Tiffany & Co....

France's CMA CGM to stop shipments to Russian ports

French container carrier CMA CGM has announced suspension of its operations in Russia due to the situation in Ukraine, the company said. "We continue to monitor the situation in Ukraine and the Black Sea region... In the interests of its safety, the group has decided as of today to suspend all...

HP reports growing profit in Q1

U.S. computer and copier maker HP Inc's net income for the first quarter of fiscal year 2021-2022, which ended Jan. 31, rose 2% year on year to $1.086 billion, the firm said, citing the negative impact of sanctions against Russia on earnings. Diluted net income per share for the reporting period...

Stellantis’ Jeep Brand Will Launch Two New Suvs In India To Grow Sales

The Jeep brand of the auto major Stellantis will introduce two new sport-utility vehicles (SUVs) in India this year in an effort to increase sales in a nation where the company has failed to establish a substantial presence.   Jeep will debut the Meridian, a mid-size three-row SUV produced...

Didi, China's Ride-Hailing Service, Has Changed Its Mind And Will Remain In Russia

Didi Global, the Chinese ride-hailing company, stated on Saturday that it will continue to function in Russia, overturning a statement announced on Monday that it would leave the market as well as Kazakhstan.   There was no explanation offered by Didi in its latest statement and no...

BASF Germany's net profit grows in 2021

Net profit of German chemical concern BASF SE for 2021 amounted to €5.523 billion against a loss of €1.06 billion a year earlier, according to the company's financial statements. Diluted earnings per share for the year amounted to €6.01 compared to a loss of €1.15 in 2020. Revenue increased by...

Boycott In China And Rising Input Cost To Hit Its Profit Growth In 2022, Warns Puma

The sports apparel maker Puma expects its sales to grow by at least 10 per cent in 2022, the company said, but also warned that its profit growth could be muted because of a consumer boycott in China as well as a rise in input costs.   For the entire of 2022, the company now expects its...

Bitcoin falls to two-week low

On reports that Russia has recognized the Luhansk and Donetsk Peoples Republics, Bitcoin plummeted to a two-week low of $36,350. Bitcoin has long been seen as a safe haven asset capable of maintaining a consistent price in the face of market volatility. Because of escalating tensions between Russia...
1 ... « 77 78 79 80 81 82 83 » ... 408