Daily Management Review
Business & Finance

Qantas Is Betting On Nonstop Service Between Sydney And London

After acquiring a dozen special Airbus planes, Qantas Airways will fly non-stop from Sydney to London, charging higher rates in a multi-billion dollar wager that passengers will pay a premium to save four hours on the popular route.   The flights, which are expected to begin in late 2025,...

From Pennsylvania To France, Organic Hens Are Being Quarantined Due To Bird Flu

Chickens that are organic and free-range have been placed under quarantine.   According to egg producers and industry organisations, egg-laying hens that ordinarily have access to the outdoors may no longer roam freely or feel the sun on their beaks because some U.S. and European farmers...

Microsoft buys Activision Blizzard

Activision Blizzard, one of the major video game publishers, said in a statement that its shareholders had accepted a proposal to buy the company from Microsoft for almost $70 billion. According to a press release, "At a special meeting of Activision Blizzard shareholders held earlier today,...

Component Shortages Are Expected By Samsung Electronics To Persist In H2 Despite Strong Server Chip Demand

Samsung Electronics Co Ltd said on Thursday that it expects strong demand for high-margin memory chips in data centres to continue in the second half, but that component shortages would likely persist.   According to the world's leading memory chip and smartphone manufacturer, underlying...

StanChart Reports Estimates Beating Profits And Makes Bullish Outlook Due To Rising Rates

Standard Chartered reported a 6% increase in first-quarter profit, sending its shares up 10 per cent, as the emerging-markets lender benefited from rising interest rates targeted at managing inflation.   The London-based institution, which focuses on Asia, Africa, and the Middle East, now...

Shell refuses Russian oil mixes

According to Reuters, British-Dutch Shell has ceased buying Russian oil mixed with oil from another country. Shell announced its plan to exit its joint operations with Russia in February. The corporation declared in March that it will pull out of all Russian hydrocarbon projects and stop buying...

Saudi Arabia decides to support Tesla rival

Saudi Arabia has signed a contract with US electric car maker Lucid Company to buy up to 100,000 Lucid Air electric vehicles over ten years. Lucid Air, the rival to Tesla electric car, was launched last autumn. In order to diversify the vehicle fleet and spread eco-friendly transport, Saudi...

Microsoft reports earnings

Microsoft Corp. said that its net profit for the first nine months of fiscal 2021-2022, which ended March 31, 2022, increased 25% year over year to $55.998 billion. Total revenue climbed 20% year over year to $146.405 billion in the first three quarters. For the period, diluted earnings per share...

Chip Startups That Use Light Instead Of Cables Are Gaining Traction And Funding

Computers that process data using light rather than electric currents, which were once considered research projects, are gaining traction, and businesses that have mastered the engineering difficulty of exploiting photons in chips are receiving significant funding.   In the most recent...

Huawei invests $22B in R&D in 2021

Bloomberg reports that Huawei Technologies spent more than $22 billion on research and development in 2021 to avoid US sanctions, using its own figures. "China's greatest digital powerhouse has virtually doubled its R&D spending over the last five years, reaching $22.1 billion in 2021 - more...
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