Daily Management Review
Management

Noel Quinn appointed as HSBC Head

Noel Quinn has been appointed CEO of the British-Hong Kong banking group HSBC Holdings plc, the company’s website reads. "HSBC announces that Noel Quinn has been appointed the group’s CEO. The appointment will take effect immediately," the release notes. Noel Quinn has been acting CEO since...

Amazon to hire 100,000 new employees

Amazon.com, the world's largest online retailer, intends to additionally hire 100,000 warehouse workers and couriers in the United States due to the growth of online orders amid the outbreak of the coronavirus COVID-19. A message posted on the company's blog notes that Amazon is opening positions...

Coronavirus Spread In US Forces Postponement Of Elon Musk Trial Over Tesla-SolarCity Deal

The coronavirus outbreak in the United States has forced the postponement of an expected defence of a $2.2-billion deal in court by Elon Musk which was scheduled to begin on Monday.   No new date for the trail has been set.   This case is related to the acquisition of SolarCity in...

Chapek Becomes New Walt Disney C.E.O As Iger Steps Down

The new development at Walt Disney leave analysts quite surprised. The C.E.O of Walt Disney, Robert Iger to step down from his post while Bob Chapek, the head of Disney Parks will take up the role, informed the company on Tuesday, 25 February 2020. This puts a full stop to years long speculations...

Honda Cars Philippine Inc To Stop Production

As Honda fails to increase “global automobile operations” and witnesses a drop in profit levels, the company has decided to terminate manufacturing process in its Philippine based unit. Last week, Honda Motor Co Ltd’s Philippine based unit informed that in the coming month it will close down the...

HSBC to downsize nearly 35,000 employees

HSBC British Bank released the results of 2019 and announced upcoming large-scale reforms. The bank’s shareholder earnings fell by 53% to $ 6 billion, due to write-offs of $ 7.3 billion in global banking and commercial banking. Earnings before taxes fell by 33% to $ 13.3 billion, while analysts had...

Death Form Air Crashes Fall Globally By 50% In 2019

According to a report by an aviation consulting firm, there was an almost 50 per cent drop in 2019 in the number of deaths in major air crashes around the globe.   In 2019, there were eight fatal air accidents which resulted in the death of 257 people, said the To70 consultancy on Wednesday....

Banks around the world announce largest staff reductions since 2015

Banks around the world are announcing job cuts, which could be the biggest in four years, cutting back on spending amid a slowdown in the global economy and a shift to digital, Bloomberg writes. According to the companies and trade unions cited by the agency, this year more than 50 banks announced...

Analysts Welcome Kalanick’s Exit From Uber

Kalanick to focus on his “ghost kitchen” business which has already gathered around “$400 million” from investors. Travis Kalanick is the co-founder of Uber, who is known for his aggressive approach. Reports have been circulating about his resignation from the company as he seeks to enter into a...

Travis Kalanick says last goodbye to Uber

Uber founder Travis Kalanick will leave the board of directors on December 31. He will focus on his new business and charity. Founder and former CEO of Uber, Travis Kalanick, will officially leave the company's board of directors on December 31. It is reported by The Wall Street Journal, citing a...
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