Daily Management Review
Business & Finance

Multinationals would be Forced to Disclose Tax Agreements Under New EU Proposals.

According to legislation being drafted by the EU executive, US multinationals such as Google, Facebook and Amazon will be forced to publicly disclose their earnings and tax bills in Europe, reports The Guardian.   Aimed at making the world’s largest multinational corporations open their...

Fund Head at Volkswagen says Company to Offer Generous Compensation for US Customers

In a move that is aimed to pacify the US customers, Volkswagen announced offering generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles who were affected by the emission scandal. The head of Volkswagen’s claims fund informed the German media about this issue....

With the Aim to Trim Costs, BlackBerry Cuts 200 Jobs in Ontario and Florida

With the aim of reducing operation costs, BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida, the company said in a statement. The company is now putting more emphasis on its enterprise software business and the smartphone maker is trying to turn around its...

EU Should Appeal to the WTO with the Steel Dumping Issue says China

Responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel, China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO).   According to a statement released on the...

Why Large Banks Are Not Getting Smaller?

More recently, heads of big banks would have been ashamed by their institutions’ statistics, which they offer to investors. For example, in late January, Deutsche Bank reported a loss of 6.8 billion euros ($ 7.4 billion) for 2015. In the III quarter of last year, an average return on equity in the...

Lack of Clarity over Allocation for Emission Scandal Forces VW to Postpone 2015 Results

As the company struggles and continues to grapple with the effects of the emissions test rigging scandal that hit it late last year, German carmaker Volkswagen said it would push back publication of 2015 results and its annual shareholders' meeting.   Volkswagen (VW) still lacks a technical...

Agreement on Most Issues on Takeover of Sharp by Foxconn says the Company

After the two firms reached a consensus on most points, Taiwan's Foxconn is aiming to finalize a deal to acquire Japan's Sharp Corp by the end of the month, Foxconn Chief Executive Officer Terry Gou said.   After meeting with executives of the struggling electronics maker Gou said that most...

Mercedes' Parent Daimler Outlook Confuses Investors Resulting in Fall in Shares

After Daimler expressed caution about 2016’s prospects, some analysts reckoned the company’s message was misunderstood, there was fall in the shares of the company on the Frankfurt stock exchange.    Clocking slightly above expert expectations, Daimler had earlier reported earnings...

Why Chinese Investors Shop in Germany

German companies are in the limelight of Chinese investors’ attention. What buyers from China are primarily interested in? Germany remains the most attractive country in Europe for Chinese investors for the second year in a row. The slowdown of the Chinese economy does not diminish activity of...

EU-US Sign ‘Robust’ Deal for Data Sharing and Privacy Preservation

In what is being termed a robust measure to ensure the safety of EU citizens’ data when transferred across the Atlantic by firms such as Facebook, Apple and Google, Europe and the US have reached a new deal over data sharing.   Companies would be able to transfer and process EU...
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