Daily Management Review

DMR

Don't Miss

Canada At A Crossroads: Leadership Transition As Trudeau To Resign 01/07/2025

UK Government Cracks Down On Deepfake Technology With New Criminal Offenses To Protect Women And Girls 01/07/2025

U.S. Federal Reserve Shifts Focus To Stabilization Amid Economic Uncertainty 01/08/2025

Economics

Business & Finance

Management

World & Politics

Science & Technology

Art & Art Market

Business & Finance

$956 Million Leaves Binance As Zhao Resigns To Resolve A US Investigation

Market data indicated that investors withdrew over $956 million from cryptocurrency exchange Binance in the last 24 hours following the resignation of its CEO, Changpeng Zhao, and his potential imprisonment following his guilty plea on Tuesday to resolve an extensive U.S. investigation into illicit...

Sales Of Hybrid Cars Are Rising In China, Which Presents A New Risk For International Automakers

Chinese businesses with strong hybrid lineups are emerging as winners in the fierce pricing war that EV manufacturers in China are waging to keep up with the decreasing demand. These brands are luring customers with long-range vehicles that can be had for less money than gasoline-powered...

Zoom triples net profit in Q3 2023

Zoom Video Communications Inc., a US-based provider of remote conferencing services, increased its full-year forecast and nearly tripled its net income in the third quarter of fiscal 2024. In August through October, net income was $141.212 million, or 45 cents per share, as opposed to $48.353...

OpenAI, The Creator Of Chatgpt, Fires CEO Sam Altman

Sam Altman, the CEO of OpenAI and, for many, the face of generative AI, was sacked by the board of the company that created ChatGPT, shocking the tech community. The business announced that Mira Murati, Chief Technology Officer of OpenAI, will take on the role of acting CEO in the interim...

BP Looks For Alliances To Handle The Renewable Energy Storm

In order to address the issues of inflation and equipment constraints that have severely damaged the renewables industry, BP is looking for partners for offshore wind projects in Japan and may make investments in hydrogen technology firms. In order to develop a long-term business model...

Six Italian energy companies fined for illegal price increases

The Italian Competition Authority (AGCM), Italy's antitrust regulator, has fined six energy companies a total of more than €15.5 million for increasing consumer energy prices in spite of a law prohibiting the unilateral increase of gas and electricity prices. The AGCM claims that the businesses...

Strong EV Sales Globally, China Sets A Record For EV Sales Worldwide Even After Subsidies Expire

According to market research firm Rho Motion, sales of electric vehicles are still growing globally, with China posting record monthly sales in October even after incentives ended. In 2022, China terminated an 11-year programme of subsidies for electric vehicle purchases; nevertheless,...

Owner Of Cartier Richemont Anticipates Growth Slowing As Concerns About The Economy Deepen

The owner of Cartier jewellery, Richemont, has issued a warning to consumers about the impact of economic concerns and geopolitical tensions on their purchasing. The company's shares fell 6% after it reported first-half profits that fell short of expectations. The Swiss business, which...

Deutsche Boerse to start buying back its shares for €300M in Q1 2024

Deutsche Boerse AG, the operator of one of Europe's main stock exchanges, has announced a €300 million share buyback program. The buyback will begin in the first quarter of next year, according to the company's press release. Furthermore, Deutsche Boerse stated that it plans to pay 30-40% of its...

Citigroup to pay $25.9M for discriminating against Armenian Americans

Citigroup Inc., a US bank, will be fined and compensated $25.9 million for discriminating against Armenian Americans when issuing credit cards. Citi declined to provide credit cards to Armenian-Americans between 2015 and 2021, according to the Consumer Financial Protection Bureau (CFPB). Citi...