Daily Management Review
Management

Europe Is Bracing For Mobile Network Outages

Once unimaginable, mobile phones could go pitch black throughout Europe this winter if power failures or energy rationing blow out components of the region's mobile networks.   In the aftermath of the Ukraine conflict, Russia's decision to halt gas supplies via Europe's primary supply route...

Credit Suisse is looking for ways to rebuild business after a series of scandals

The Financial Times reported on Thursday that Credit Suisse Group AG has devised a plan to divide its investment banking division into three parts. In this way, the Swiss bank is attempting to revive after three years of nonstop scandals. The bank intends to sell profitable sections like its...

FT: IT professionals are willing to work for banks and stock exchanges as tech companies decline

Recently, banks, stock exchanges, brokers, and other Wall Street businesses have found it simpler to recruit IT specialists, reports The Financial Times. Financial institutions previously had trouble finding such people because they tended to turn to technology and cryptocurrency startups, but...

WSJ: Ernst & Young gets ready for demerger

The Wall Street Journal (WSJ), citing its own sources, reported that the management of Ernst & Young (EY) is prepared to sanction division of the business into two distinct companies. The major global consulting firm plans to separate its operations into audit and consulting services. The...

OnlyFans owner to get $500M in unanticipated revenue over two years

Owner of the exclusive content subscription business OnlyFans, Ukrainian-born Leonid Radvinsky, will receive an additional $500 million in income. The U.S. billionaire of Ukrainian ancestry Leonid Radvinsky is the owner of the subscription platform OnlyFans, which on September 1 declared a...

Shareholders Of BHP Demand Consistent Climate Policy

Activist shareholders of BHP Group have demanded that the company includes climate sensitivity analysis in its financial statements beginning in 2023, as well as consistency in climate policy, according to the world's largest listed miner and an advocacy group on Tuesday. The demands are part of...

Trade unions: 12 people die at work every day

According to the European Trade Union Confederation (ETUC), the number of workplace fatalities in the European Union should be lowered to zero from the current average of 12 per day. According to the organization, 12 people do not make it home from work in the European Union on average each working...

Ford to cut 3,000 employees amid transition to electric cars

3,000 full- and part-time employees, largely in North America and India, will be laid off, according to Ford Motor Company. In an effort to maintain its lead over Tesla Inc. in the creation of software-driven electric vehicles, the corporation is currently revamping its operations. The CEO of Ford...

Spotify to cut hiring plans

Bloomberg reports that Spotify Technology, the world's largest on-demand music and podcast provider, will slash employment ambitions, according to a statement from firm CEO Daniel Ek to workers. He said that the hiring pace would drop by 25%, but that the firm will continue to hire in the following...

New Research Warns The EU May Fall Short Of The Digital Decade Targets

According to a report by strategy consultant Public First, the European Union risks lagging behind its Digital Decade targets by ten years unless governments focus on bridging the skills gap.   Last year, the European Commission unveiled a 2030 vision for the region that calls for 80 per...
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