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Uber cuts 3,000 more jobs as pandemic jolts ride-hailing business

TMT

19 May, 2020

Uber cuts 3,000 more jobs as pandemic jolts ride-hailing business

Uber Technologies Inc will concentrate on its core businesses in ride-hailing and food delivery and cut 23% of its workforce ......

Uber to require drivers, riders to wear masks around the world

TMT

14 May, 2020

Uber to require drivers, riders to wear masks around the world

Uber Technologies, Inc. on Wednesday said it will require drivers, delivery workers and riders globally to wear a mask as ......

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

TMT

06 May, 2020

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary ......

Uber sees profit by end of 2020, but still expects full-year loss

TMT

07 February, 2020

Uber sees profit by end of 2020, but still expects full-year loss

Uber Technologies Inc on Thursday moved forward by a year its target to achieve a measure of profitability to the ......

Saudi Aramco, Alibaba rescue sluggish 2019 global equity capital markets

Markets

20 December, 2019

Saudi Aramco, Alibaba rescue sluggish 2019 global equity capital markets

Giant listings by Saudi Aramco and Alibaba rescued a sluggish year for equity capital markets (ECM) in 2019 after a ......

Alibaba, Aramco share sale bonanza fails to deliver banks fee windfall

Finance

21 November, 2019

Alibaba, Aramco share sale bonanza fails to deliver banks fee windfall

A late-year rush of giant global share sales led by Alibaba's $13 billion (10.06 billion pounds) Hong Kong listing and ......

Uber CEO expects India, other developing markets to drive growth

TMT

23 October, 2019

Uber CEO expects India, other developing markets to drive growth

Uber pinned its growth over the next decade on developing markets like India on Tuesday, despite the problems it has ......

SoftBank-backed WeWork to formally withdraw ill-fated IPO

Infrastructure

01 October, 2019

SoftBank-backed WeWork to formally withdraw ill-fated IPO

WeWork's parent The We Company said on Monday it will file to withdraw its initial public offering, a week after ......

Airbnb plans stock market splash next year

TMT

20 September, 2019

Airbnb plans stock market splash next year

Home rental giant Airbnb said it plans to list its shares in 2020, making it one of the most high-profile ......

Uber posts $1 bn loss in first quarterly report after going public

TMT

31 May, 2019

Uber posts $1 bn loss in first quarterly report after going public

Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its ......