March 18 (Reuters) – A number of Uber (UBER.N) and Lyft (LYFT.O) drivers are considering quitting the app-based ride-hailing platforms as fueling up becomes costlier, with some calling the newly announced surcharges “insulting” . The companies announced this month a 55-cent per-ride surcharge that would be paid directly to drivers, in response to record gas […]
A giant screen shows Chinese President Xi Jinping during an organized media tour to Beijing Stock Exchange in Beijing, China February 17, 2022. REUTERS/Florence Lo – RC2GLS923SVE Register now for FREE unlimited access to Reuters.com Register HONG KONG, March 16 (Reuters Breakingviews) – Accumulated political and diplomatic errors are trashing valuations at listed Chinese companies. […]
TUSCALOOSA, Ala., March 15 (Reuters) – Mercedes-Benz AG (MBGn.DE) won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German automaker’s chief executive said on Tuesday. Ola Kaellenius, speaking during the company’s opening of its first US electric vehicle (EV) battery factory, also affirmed […]
Tencent Holdings Ltd Chairman and CEO Pony Ma attends a news conference announcing the company’s annual results in Hong Kong, China March 21, 2018. REUTERS/Bobby Yip Register now for FREE unlimited access to Reuters.com Register HONG KONG, March 15 (Reuters Breakingviews) – A Tencent (0700.HK) breakup is a radical but simple way to address mounting […]
March 15 (Reuters) – Bitcoin loves flirting with the mainstream. But now, as the US president says he wants to get serious, he may be getting cold crypto feet. When Joe Biden ordered officials to prepare reports on the role of cryptocurrencies in future finance last Wednesday, bitcoin leapt as much as 9% and ether […]
NEW YORK, March 14 (Reuters) – Global investors are scooping up stakes in cryptocurrency funds and companies, as they seek exposure to a sector many believe could withstand the fallout from the Russia-Ukraine conflict. Research firm Fundstrat, in its latest note to clients, said venture capital (VC) buyers invested around $4 billion in the crypto […]
A medical worker in a protective suit collects a swab from a worker for nucleic acid testing at a Foxconn factory, following new cases of the coronavirus disease (COVID-19) in Wuhan, Hubei province, China August 5, 2021. Picture taken August 5 , 2021. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com […]
Representations of virtual cryptocurrencies are placed on US Dollar banknotes in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 9 (Reuters) – US President Joe Biden signed an executive order on Wednesday requiring the government to assess the risks and benefits of creating a […]
Uniqlo’s Russian stores to stay open Danone suspends investments in country KPMG, PwC, EY, Deloitte all cut ties with local units American Express calls Ukraine attack ‘unjustified’ March 7 (Reuters) – Uniqlo owner Fast Retailing (9983.T) will keep its stores in Russia open, joining a small group of international firms that are staying put even […]
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