Daily Management Review
Management

Carbon neutral by 2050: ArcelorMittal

This is huge given that ArcelorMittal is the world’s biggest steelmaker. On Wednesday, the world's largest steelmaker, ArcelorMittal stated, it has committed to being carbon neutral by 2050. This however comes with a rider since in order to achieve its targets it will require a level playing field...

Antitrust Investigation Against Google Being Prepared In China: Reuters

Preparations for an antitrust investigation into the business practices Alphabet Inc's Google is to be launched in China over the company’s alleged business strategy of leveraging the dominance of its Android mobile operating system to suppress competition, claimed reports citing sources in...

Curbs On Data Sharing & Digital Marketplaces To Be Imposed On US Tech Giants In Europe

A new set of draft rules by the European Union aimed at reining in the power of United States based tech giants could essentially bans companies like Alphabet unit Google, Facebook, Amazon, Apple and other US tech firms from favouring their services or forcing users to sign up to a bundle of the...

Former top manager of Deutsche Bank to become Commerzbank's new CEO

On Saturday, German Commerzbank announced appointment of Manfred Knof as CEO. Now head of retail banking at another German bank, Deutsche Bank, Mr. Knof will take over this position from January 1, 2021. The current director of Commerzbank Martin Zielke, as well as the chairman of the board of...

BHP Group cuts remuneration for its CEO due to coronavirus

The coronavirus pandemic, which has driven up spending on key BHP Group mining projects and reduced production, has also negatively affected the remuneration of its CEO Mike Henry. The results for the fiscal year that ended in June 2020, partly due to the coronavirus, were below the targets of the...

Fraser To Lead A Wall Street Bank As The First Woman C.E.O

Citigroup Inc has appointed Fraser as many embraced the decision as a right step towards promoting diversity and inclusion in the mainly male dominated financial industry. Citigroup Inc announced the name of its first woman chief executive officer, Jane Fraser, for consumer banking arm. This makes...

Mark Zuckerberg Is The Youngest To Join The Global Centibillionaire Club

Following the launch of Instagram reels Facebook stock soared up by "12%" in 2 days. Founder of Facebook, Mark Zuckerberg's personal wealth jumped by "$100 billion" following the launch of the Instagram reels as a means to replace rival Tik Tok, a "controversial Chinese app" reported the "Bloomberg...

Elon Musk's wealth exceeds $100B

The capital of the founder of Tesla and SpaceX, Elon Musk, has grown more than 3.5 times since the beginning of this year and for the first time exceeded $100 billion, Bloomberg writes with reference to the Bloomberg Billionaires Index (BBI). As of August 27, Musk's fortune is estimated at $101...

Global education publisher Pearson appoints Andy Bird as CEO

Andy Bird will be replacing current CEO, John Fallon, and will assume the role from October 19, 2020. On Monday, Pearson, a global education publisher, stated, it has appointed Andy Bird, as its new CEO.   Bird is a media veteran who ran the international arm of The Walt Disney Company. He...

Marks & Spencer to lay off 7,000 employees in three months

British retailer Marks & Spencer has announced that it will cut 7,000 jobs in the next three months due to a slowdown in sales amid the pandemic and cost-cutting programs. The cuts will affect the company's central support center, administrative positions in regional divisions and store...
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