Daily Management Review
Management

WTO Director General to resign

The Director General of the World Trade Organization (WTO), Roberto Azevêdo, told the governments of member countries that he plans to resign before the end of his term of office in 2021. It is reported by Bloomberg with reference to four people familiar with the situation. The 62-year-old...

The educational challenges of the pandemic

At the time of writing, UNESCO figures suggest that 1.38 billion learners around the world, equivalent to 80% of those in education, are being prevented from attending classes and courses on-site due to national or regional lockdowns. Education providers are scrambling to produce solutions to keep...

Amazon sets to check employees for COVID-19

Amazon intends to test employees around the world for coronavirus. The company began creation of its first laboratory. Large-scale testing can be one of the ways to restart the economy and return people to work, says Bezos. Regular checks of Amazon employees for coronavirus could be the company's...

World's richest man earns $6.4B in a day

The richest man in the world, Amazon CEO Jeff Bezos, earned over $ 6 billion in a day due to record growth in stock prices, Forbes reported. According to the newspaper, on Tuesday at the close of trading, Amazon's stock price rose 5.3% to $ 2,238 per share. As a result, Forbes estimates that...

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...
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