SoftBank’s market value slides $9B as Uber IPO flops
13 May 2019 | 1:49 pm
Uber shares resume trading today, more than 7% below their offering price after Friday’s flop. Shareholder SoftBank was one of the biggest victims, shedding $9B in market value.
In this article
13 Nov 2020
“How can you do the right thing and still get punished for it,” laments Abuja-based restaurateur, as CORRUPT Federal Capital Territory Council personnel seal off her restaurant with staff and customers inside!
6 Dec 2020
Swiss voters have narrowly rejected stricter ethical rules for many global firms based in the Alpine republic. A separate poll calling on banks and pension funds to stop funding arms makers was also defeated.
7 Dec 2020
Political newcomers have it tough in a country where long-established families dominate the polls. The top presidential candidates in the December 7 election are all offspring of Ghana's independence-era "Big Six."
8 Jan 2021
African free trade bloc opens for business, but challenges remain. ... Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035.
13 Jan 2021
With Qataris streaming into Saudi Arabia following the border re-opening, business owners in the al-Ahsa area say they are hopeful to see the economy boom again after "suffering economically" from the feud between Riyadh and Doha. Saudi Arabia shut its side of Qatar's only land border in June 2017 as part of a package of sanctions it said was a response to Doha's backing of radical Islamist groups and closeness to Iran. Qatar has always denied the charges.
12 Feb 2021
Disney's shares have rallied after the company reported better than expected results for its latest quarter. Sales came in at €16.2 billion, down 22 percent from the previous year, amid a continuing hit from the pandemic. But its streaming business Disney+ is continuing to grow as people stay home for longer, offsetting losses made at its theme parks that have suffered months of shutdown. Plus, as dining out is not an option for many couples this Valentine's Day, a handful of hotels in Brussels are offering quality time and fancy dinners for two – in guest rooms.
19 Feb 2021
Newly appointed World Trade Organization (WTO) director-general Ngozi Okonjo-Iweala said on Monday she doesn't want to see "business as usual" as she will need to broker international trade talks in the face of U.S.-China conflict, respond to pressure to reform trade rules and counter protectionism heightened by the COVID-19 pandemic
20 Feb 2021
This young Kenyan entrepreneur isn't sitting on a fortune. But that hasn't stopped her from starting her own business. Nowadays, she is successfully selling Hijabs.
18 Mar 2021
Uber will give workers' rights, including the minimum wage and holiday pay, to all of its more than 70,000 British drivers after the ride-hailing app lost a battle in the Supreme Court last month.
5 Apr 2021
Wigs made from human hair have become more popular in Cameroon in recent years. Stores are fully stocked with wigs in all different colors and styles. Suppliers import the hair mainly from India, Europe, and Middle East.
19 Apr 2021
Offering a shared pot of €3.5 billion to start with, the newly-proposed football competition known as the European Super League would divvy up revenue among a smaller group of elite clubs. We tell you more. Also, we take a look at the French government's plan to aid farmers reeling from this month's cold spell.
31 May 2021
Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.
33 mins ago
A Belgian court agrees to admit the findings of a 22-year-old parliamentary commission into its investigation. The court is looking into the 1961 assassination of DR Congo's Prime Minister Patrice Lumumba, seen by many as one of the country's founding fathers.
33 mins ago
The richest man in the world, Elon Musk, is buying Twitter for the equivalent of around €41 billion. That makes the deal one of the biggest in Wall Street history.
1 hour ago
We take a closer look at the petrol shortage hitting certain French service stations. We also hear about the options that US President Joe Biden is mulling in regard to OPEC+'s decision to cut oil supply. Plus, a small French town grapples with rising energy bills.
1 hour ago
Ukrainian emergency services say at least three people were killed and another dozen wounded. The strikes come as Russian forces continue to lose ground to Ukraine's counteroffensive in the south and east.
2 hours ago
Opponents of Minsk strongman Alexander Lukashenko say they hope the awarding of the Nobel Peace Prize to activist Ales Bialiatski might help precipitate his release from prison.
3 hours ago
Despite the pandemic and a huge crisis in the aviation industry, Lufthansa has launched a new airline. Eurowings Discover flies to holiday destinations in Africa. Staff are paid less than at parent company Lufthansa, but are happy to have work after the pandemic.