Daily Management Review
Management

Japan's Kansai Electric to shut down nuclear reactor due to hole in equipment

Kansai Electric Power Co. in Japan reported the closure of a nuclear reactor due to the detection of a small hole in a pipeline. The third reactor at the Mihama nuclear power plant in Fukui prefecture will undergo inspection, resulting in its suspension, as announced by the company in a statement....

Glencore’s former top managers to be tried in corruption case in 2027

According to Bloomberg, ex-high-ranking executives of Glencore Plc, who are accused by UK authorities of corrupt behavior in West Africa, are scheduled to stand trial in London in mid-2027. Legal proceedings in the case filed by the UK's Serious Fraud Office (SFO) against the company are scheduled...

Albemarle changes operating structure to cut costs

The world's biggest lithium producer, Albemarle, which is based in the US, intends to streamline its operations in response to evolving market conditions. The company's press release states that it will alter its operating structure to enhance flexibility, realize cost savings, and remain...

Bank of America to open over 165 branches by the end of 2026

Bank of America Corp., the second-largest U.S. bank in terms of assets, intends to open over 165 branches by 2026, with around 40 of them scheduled for this year, as stated in their press release. In the last decade, the bank has invested over $5 billion in its branch network and has established...

Trafigura to appoint gas segment's head Holtum as CEO

Trafigura, a major commodity trading company, is getting ready to reveal the appointment of Richard Holtum as chief executive next week, according to sources cited by the Financial Times. Holtum used to serve as an officer in the British military. He moved to Trafigura from Glencore in 2014 and...

Boeing to raise wages of 33,000 workers by record 25% to avoid strike

U.S. Boeing Co. has reached a tentative agreement on a new contract with two local chapters of the International Association of Machinists and Aerospace Workers, which represent over 33 thousand employees, stated the company. If the four-year contract is approved, employees in Washington, Oregon...

Ex-Volkswagen chief Winterkorn goes on trial over Dieselgate

Martin Winterkorn, the ex-CEO of Volkswagen, was present in a Brunswick court on Tuesday to face allegations of fraud and market manipulation linked to the scandal involving the company's use of software to cheat emissions tests and release harmful pollutants from millions of cars. The prosecution...

EU's New Travel Authorization System Set To Revamp Border Control By 2025

The European Union is gearing up to implement a new travel authorization system by summer 2025, introducing a €7 (£6) visa waiver for citizens from certain non-EU countries, including the UK. This initiative, known as the European Travel Information and Authorisation System (Etias), aims to enhance...

HSBC reorganizes investment banking division

According to Bloomberg, which cites sources, British financial giant HSBC Holdings Plc is restructuring its investment banking segment in part. The sources state that this division's management has chosen to combine many industry teams of analysts. They anticipate being able to work more...

Over 6.5 thousand Samsung employees go on strike

According to the Financial Times, more than 6,500 workers at Samsung Electronics, based in South Korea, began a three-day strike on Monday. This is the second setback in as many months for Samsung. The first one happened on June 7th, when salary rises were a contentious topic. The employees of the...
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