Daily Management Review
Management

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...

LVMH head Bernard Arnault becomes a shareholder of rival Richemont

The Financial Times writes, citing reliable sources, that Bernard Arnault, one of the richest men in the world and the creator of the luxury goods company LVMH, has purchased shares in the competitor Compagnie Financiere Richemont SA. The sources argued that Arnault made a personal investment and...

Tesla to cut at least 14% of staff this year

Based on internal business statistics, CNBC has determined that US electric vehicle manufacturer Tesla has reduced at least 14% of its personnel this year. As of June 17, there were just over 121,000 members of Tesla's "all-employee" email list, including temporary employees. As per the official...

US And TikTok Want A Quick Timeline With A Decision On A Possible Ban By December 6

A U.S. appeals court was requested by the U.S. Justice Department and TikTok on Friday to expedite the review of the legal objections to a recently enacted statute that requires China-based ByteDance to sell up its U.S. assets or risk suspension. The deadline for doing so is January 19.   In...
1 2 3 4 5 » ... 44