Daily Management Review
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Bristol Myers to pay up to $11.1bn to BioNTech for cancer drug license

Business & Finance

US pharmaceutical firm Bristol Myers Squibb will spend as much as $11.1bn to Germany's BioNTech for a license related...
European Central Bank via flickr

Eurozone consumer lending hits highest since 2023

Economics

In April, the total amount of consumer loans issued in the eurozone rose by 1.9% compared to the same period last year,...
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IDC downgrades forecast for global smartphone shipments growth in 2025 to 0.6% from 2.3%

Economics

International Data Corporation (IDC) has revised down its prediction for the growth of global smartphone shipments in...
US Households Trim Purchases as Uncertainty and Costs Rise

US Households Trim Purchases as Uncertainty and Costs Rise

Economics

U.S. consumers are pulling back on spending despite historically low unemployment and steady wage gains, driven by a...
Front‐Loaded Demand Sparks Global Economy’s “Sugar Rush” Amid Trade Turmoil

Front‐Loaded Demand Sparks Global Economy’s “Sugar Rush” Amid Trade Turmoil

Economics

Despite escalating trade tensions and headline‐grabbing tariff threats, the global economy is experiencing a burst of...
Trump’s Planned 50% Metal Tariffs Poised to Ripple Through U.S. Economy

Trump’s Planned 50% Metal Tariffs Poised to Ripple Through U.S. Economy

Economics

Fresh off a rally in Pennsylvania, where he lauded a major steel investment deal, President Donald Trump announced...
Ivan Radic

Telegram places $1.7 billion convertible bond offering

Business & Finance

Telegram has issued convertible bonds totaling $1.7 billion. The funds will be applied to pay off current debt and...
Court Curbs Trump’s Tariff Arsenal, Shaking Trade Strategy

Court Curbs Trump’s Tariff Arsenal, Shaking Trade Strategy

Economics

A landmark decision by the U.S. Court of International Trade has thrown President Donald Trump’s signature tariff...
Berlin Unveils 10% Digital Services Tax to Rebalance Tech Giants’ Contributions

Berlin Unveils 10% Digital Services Tax to Rebalance Tech Giants’ Contributions

Economics

Germany’s newly formed coalition government has announced plans to introduce a 10% levy on the digital revenues of...

Management

Art & Art Market

Hollywood Is Afraid As Scarlett Johansson's OpenAI Conflict Resurfaces

Hollywood Is Afraid As Scarlett Johansson's OpenAI Conflict Resurfaces
Hollywood officials says that OpenAI's apparent tribute to the film "Her," which features Scarlett Johansson's voice, is causing a reaction against artificial intelligence.   Even as Hollywood studios test new tools and consider partnerships with OpenAI, Johansson's accusations that the...

Tennessee Is The First US State To Pass Legislation Shielding Musicians From AI

Tennessee Is The First US State To Pass Legislation Shielding Musicians From AI
Gov. Bill Lee of Tennessee signed a bill into law on recently that sought to shield creatives, including musicians, against artificial intelligence's unauthorised usage.   The Ensuring Likeness Voice and Image Security (ELVIS) Act is the name of the legislation.   The Reasons It...

Morgan Stanley expects AI sector to equal Spain's power consumption by 2027

Morgan Stanley expects AI sector to equal Spain's power consumption by 2027
Morgan Stanley analysts expect that by 2027, the generative artificial intelligence sector of the economy will require as much electricity as all of Spain did in 2022. Over the following four years, the sector's electricity demand is expected to increase at an average annual rate of 70%, from 15...

Science & Technology

Google and Kering subsidiary to develop AI glasses

Google and Kering subsidiary to develop AI glasses
Italy's Kering Eyewear, a subsidiary of the French luxury brand Kering, will collaborate with...

Trump Unveils ‘Golden Dome’ Space Shield: Architecture and Global Ramifications

Trump Unveils ‘Golden Dome’ Space Shield: Architecture and Global Ramifications
In a bold strategic shift, former President Donald Trump has revived and rebranded a high-stakes...

Grok’s Rogue ‘White Genocide’ Responses Expose Chatbots’ Achilles’ Heel

Grok’s Rogue ‘White Genocide’ Responses Expose Chatbots’ Achilles’ Heel
In a startling demonstration of how easily artificial intelligence can be hijacked, xAI’s Grok...

Hidden Communication Backdoors in Chinese Inverters Raise Alarm Over Grid Security

Hidden Communication Backdoors in Chinese Inverters Raise Alarm Over Grid Security
Chinese-made power inverters—critical components that tie solar panels, wind turbines, batteries...

Cisco unveils prototype chip for quantum data centers

Cisco unveils prototype chip for quantum data centers
U.S. network hardware manufacturer Cisco Systems Inc. has introduced a prototype network chip...

Aid Cuts Send Childhood Immunization Efforts to the Edge

Aid Cuts Send Childhood Immunization Efforts to the Edge
Global health agencies warn that slashed aid budgets are disrupting child vaccination campaigns...

Daimler Truck to implement AI in military vehicles in partnership with ARX Robotics

Daimler Truck to implement AI in military vehicles in partnership with ARX Robotics
The German truck maker Daimler Truck announced its collaboration with local defense startup ARX...

Tesla aborts FSD self-driving feature testing in China

Tesla aborts FSD self-driving feature testing in China
Tesla, headquartered in the US, has ceased free testing of its Full Self-Driving (FSD, “autopilot”)...

Amazon, Google and Dow support tripling nuclear power production

Amazon, Google and Dow support tripling nuclear power production
A coalition of major energy users from various industries has committed to supporting a plan aimed...

Analysts name world's top polluting companies

Analysts name world's top polluting companies
Fifty percent of worldwide CO2 emissions originate from oil, gas, and coal generated by only 36...
World Politics

World & Politics

South Korea holds presidential election

South Korea holds presidential election
On Tuesday, citizens of South Korea will go to the polls to vote for the new president of the nation. Polling stations nationwide will open at 6:00...

EC chief prioritizes investment in security and EU enlargement

EC chief prioritizes investment in security and EU enlargement
Ursula von der Leyen, President of the European Commission (EC), has emphasized that investing in security and the inclusion of new nations into the...

Musk resigns as head of DOGE

Musk resigns as head of DOGE
US entrepreneur Elon Musk has declared that he will step down from his role as head of the Department of Government Efficiency (DOGE) in order to...

Putin Insists on Written Guarantee to Halt NATO Expansion as Precondition for Ukraine Truce

Putin Insists on Written Guarantee to Halt NATO Expansion as Precondition for Ukraine Truce
Russian President Vladimir Putin has made a formal pledge from Western capitals to stop NATO’s eastward expansion the central demand for any peace...

South Asia’s New Arms Race: How India-Pakistan Drone Clashes Are Escalating Military Competition

South Asia’s New Arms Race: How India-Pakistan Drone Clashes Are Escalating Military Competition
A little after 8:00 pm on May 8, night skies above Jammu lit up as Indian air-defense batteries unleashed a barrage of tracer rounds and red flares...

Court acquits former Austrian Chancellor Kurz in perjury case

Court acquits former Austrian Chancellor Kurz in perjury case
A court has cleared former Austrian Chancellor Sebastian Kurz, who received an eight-month suspended prison sentence in 2024 for lying under oath...

Britain intends to impose sanctions on Israeli cabinet officials

Britain intends to impose sanctions on Israeli cabinet officials
According to The Times, citing sources, Britain and several international allies are prepared to enforce sanctions against high-ranking officials in...

How Close Is a Ceasefire Between Russia and Ukraine? Voices of Trump and Putin

How Close Is a Ceasefire Between Russia and Ukraine? Voices of Trump and Putin
In mid‑May 2025, the prospect of a negotiated ceasefire between Russia and Ukraine gained renewed attention after former U.S. President Donald Trump...