Daily Management Review
Business & Finance

Nine people become billionaires thanks to COVID vaccines

Sales of coronavirus vaccines have allowed nine owners of the companies that produce them to make billions, CNN reports. The biggest boost from vaccines was received by Moderna US CEO Stephane Bancel and BioNTech CEO Ugur Shaheen, who developed the vaccine with Pfizer. Both are now worth around...

Transition To 'Green' Trucks Will Result In Engine Job Losses, Predicts Daimler Truck

According to Daimler Truck Chief Executive Martin Daum, in the next 15 years, about half the jobs at Europe's truck engine plants will be lost because of the transition to zero emission fuel cell trucks.   Daum consequently urged policymakers to take preparations for that eventuality...

Long Way For Banks To Become "Green", Says EU Watchdog

The banking watchdog of the European Union said that there needs to be greater urgency among banks of the region to close down the gaps currently existing in the current way of disclosure of their green credentials.   A framework of how banks of the bloc would have to publish a ground...

Airbus Pushing To Increase Flight Range Of A220 Jets, Says The Newest US Carrier

Airlines using Airbus’ smallest jet, the A220, will now have the option of open more niche routes internationally because the European plane maker is pushing ahead with its plans to plans to increase the range of the craft, said reports quoting the newest operator of the planes.   There were...

Tesla Partners With Dutch Fastned For Building Fast Charging Hub In Oxford, UK

One of the major impediments for the widespread use of electric cars is the absence of charging stations in many countries where there is a demand for such vehicles such as in Europe.   In order to solve this problem, the United States based electric vehicle maker Tesla has struck a...

Tencent reports 65% quarter-on-quarter profit growth

Tencent, the largest gaming company by revenue, reported better than analysts' forecasts for the first quarter of 2021. The Chinese IT corporation's net profit rose 65 percent year-on-year to 47.77 billion yuan ($7.42 billion). Analysts polled by Refinitiv expected this figure to be around 35.5...

Experts warn of the risk of bankruptcy surge in German business sector

Germany's corporate sector crisis is far from over and one of Europe's key economies could face a spike in a string of bankruptcies in the next few months, according to a study by insurance firm Coface. Using a special predictive model, Coface analysts estimated that around 4,000 non-viable...

WarnerMedia-Discovery mergers to create the biggest streaming video company

WarnerMedia's anticipated merger with Discovery would create a new $150bn streaming giant. The new company would be public, with AT&T and Discovery shareholders owning its shares. The world's largest media and telecommunications holding company AT&T may on Monday, May 17, announce a deal to...

Coinbase increases profit 24 times year-on-year

The largest cryptocurrency exchange, Coinbase, has reported financial results for the first time since its April listing. The company reported first-quarter net income of more than $771 million, more than four times the fourth-quarter 2020 figure of $177 million and more than 24 times the...

Bloomberg: Binance investigated by US tax officials and prosecutors

The Department of Justice and the US Internal Revenue Service (IRS) have launched an investigation into one of the largest cryptocurrency exchanges, Binance. The investigation into the cryptocurrency trading platform was reported by Bloomberg, citing sources familiar with its details. According to...
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