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.
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10 Feb 2022
We take a look at the business of this year's Winter Olympics. A report suggests the true cost is 10 times more than the official $3.9 billion price tag, but Beijing is banking on other benefits. Also, Amazon reports another strong sales quarter, with its advertising business playing an increasingly significant role.
27 Mar 2022
24 Mar 2022
French car giant Renault announced Wednesday it was immediately suspending operations at its Moscow factory after Kyiv called for a boycott of the company for remaining in Russia.
11 Apr 2022
The coronavirus pandemic forced many companies to halt business travel almost overnight. The economic consequences for airlines and hotels have been dramatic, leaving many to wonder if corporate travel will bounce back.
30 Apr 2022
The former US president has been fined $10,000 per day until he complies with a New York court order to turn over documents as part of an investigation into his business practices.
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More European businesses in China are looking to shift their investments due to the country's strict coronavirus lockdowns, according to the European Chamber of Commerce.
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Several cities in the country were thrown into darkness on Sunday, June 12 2022, following the collapse of the national grid for the sixth time in 2022. Here is how multiple national grid collapse is paralysing business activities in Nigeria.
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Carsharing giant Uber used aggressive techniques to push into global markets, according to a new report. The company allegedly considered how to frame violence against its drivers in a bid for public sympathy.
16 Jul 2022
The French president's name appeared in an investigative report on the US ride-hailing service's rapacious global lobbying efforts. Macron says he helped create thousands of jobs.
27 Jul 2022
German businesses have been losing confidence in the current economic climate as growth prospects worsen. The ifo Institute that published the survey pointed to high energy prices.
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Those who work for platforms like Uber Eats and Deliveroo were hailed as heroes during the Covid-19 pandemic, risking their own health to make deliveries to those of us under lockdown. Today, delivery people still work for little pay and under harsh conditions.
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Ports in Africa lose vast sums of money because of corrupt port officials, inefficiencies, and poor infrastructure, among others. Corruption has affected economic growth and slowed the clearance and forwarding of goods.
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A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default.
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On one page of 15 pages of early drafts for the rock opera, songwriter Freddie Mercury wrote the words “Mongolian Rhapsody” near the top – but crossed out the first word and wrote “Bohemian” above it, the New York Times reports.