Daily Management Review

DMR

Don't Miss

Court rejects Johnson & Johnson's plan to settle talcum-related disputes for $9 billion 04/02/2025

Arctic Geopolitics and the U.S.-Russia Rivalry Over Greenland 03/29/2025

US Demands Reshape Ukraine’s Mineral Deal: 03/28/2025

Economics

Business & Finance

Management

World & Politics

Science & Technology

Art & Art Market

Business & Finance

Saudi Aramco structure to build $6.4B-worth petrochemical complex in China

The project to construct a petrochemical complex in the Chinese province of Fujian has reached a final investment decision, according to Saudi Basic Industries Corporation (SABIC), which is under the authority of Saudi Aramco. The enterprise will be created in cooperation between Fujian Fuhua Gulei...

Reuters: Reddit plans for IPO in March

Reuters was informed by sources that Reddit is getting ready to go public in March. This would be the first major social media business to go public since Pinterest's IPO in 2019. Sources cited by Reuters say that the social network Reddit has drafted comprehensive plans for an initial public...

Apple becomes the largest smartphone manufacturer in 2023

In 2023, Apple surpassed Samsung to take the top spot as a maker of smartphones. According to preliminary statistics from the IDC, US company Apple surpassed South Korean Samsung to win the top spot in the list of the biggest smartphone makers at the end of last year. Apple shipped 234.6 million...

De Beers cuts diamond prices due to low demand

Due to the weak demand for diamonds, De Beers, one of the biggest diamond miners in the world, lowered the pricing of its goods at its first sale in 2024, which is regarded as one of the most significant, according to Bloomberg, which cited industry sources. "To improve demand, De Beers cut prices...

Tesla loses $94B in capitalization since the beginning of 2024

The U.S. Tesla has lost 94 billion dollars of market value since the beginning of 2024 as the company's shares have plunged, writes Bloomberg. Tesla's stock has dropped by 12% since the start of January, marking the company's worst performance since 2016. Among the mentioned factors were Hertz...

Japan's Fujitsu faces sanctions over email scandal in the UK

According to the Financial Times, the Japanese IT giant Fujitsu is facing financial penalties for giving the British postal corporation Post Office defective software that resulted in the false prosecution of hundreds of post office managers for allegedly embezzling money. At least 700 Post Office...

Shell warns of write-downs of up to $4.5B in Q4

The large oil and gas corporation Shell has issued a forecast indicating that it expects to write down $4.5 billion in assets due to impairment in the fourth quarter of 2023. The portfolio's individual holdings, such Singapore's petrochemical assets, as well as macroeconomic and outside...

Boston Scientific buys its rival Axonics for $3.7B

Axonics, a leader in medical technology, announced in a press release that it is to be acquired by US medical device manufacturer Boston Scientific for an estimated sum of $3.7 billion. Boston Scientific is going to pay $71 for each share in Axonics. The transaction is anticipated to close in the...

Red Sea Tensions Are Apparently Causing A Chinese Shipping Company To Halt Travelling To Israel

As tensions in the vital maritime route continue to increase, Israel's state media announced that the Chinese state-owned shipping behemoth Cosco has stopped shipments to Israel via the Red Sea. As per Globes, an Israeli financial news outlet, Cosco's decision's details are still unknown....

This Year's CES Will Be Dominated By AI, Even Without Altman From OpenAI There

Sam Altman, the CEO of OpenAI, will not be present at next week's CES trade event in Las Vegas. However, as device manufacturers scramble to find consumer applications for the technology, the generative artificial intelligence frenzy his business touched off last year will be on full display....