Uber’s first Wall Street buy rating

South Korean auto manufacturer Hyundai unveils a new “flying car” in partnership with Uber during the Consumer Electronics Show in Las Vegas. Stockshots of the vehicle, which resembles a helicopter combined with a giant drone

Multinational taxi service, Uber, presented a full-scale model of a flying car, alongside South Korean manufacturer Hyundai, at the Las Vegas Consumer Electronics Show (CES).⁣ It will form part of a fleet of Uber Air Taxis, set to accommodate four passengers each. When operational, the air taxis will be flown by a pilot, but the goal is for the cars to become autonomous over time.⁣ ⁣

Uber bookings plummeted by nearly three-quarters in April, May and June due to the pandemic. Meanwhile, the company's food delivery service reported a 103% jump in revenue as more people stayed at home and ordered food.

AirBnB is set to become one of the marquee floatings of stock this year, after the home-sharing company decided to go public. The move comes as demand for home rentals have dropped due to the coronavirus pandemic.

The world’s largest ride-hailing service has announced a new rule to ensure that customers wear face masks as the firm tries to win back cautious customers. Uber says its system is able to detect the mask.

Uber has been granted the right to resume operating in London, despite what a judge described as "historical failures". The ride-sharing platform had faced scrutiny over safety protocols and its screening of drivers. Also in the show: the French government unveils its 2021 budget as it tries to lift the economy out of a coronavirus-induced recession, and TikTok gets a reprieve in the US.

In the US investors have long supported the Republican party. Now it seems that the American president has gambled away this support to the benefit of Democratic candidate Joe Biden.

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.

Shares in the cryptocurrency exchange Coinbase start trading on Wall Street this Wednesday, with the company expected to be valued at around $65 billion. Its value has more than tripled in three years, boosted by the trading frenzy around Bitcoin. It will be the largest company in this sector to have gone public to date. Also today, we look at French government efforts to encourage employers to hire their temporary staff for the summer tourist season, despite ongoing coronavirus restrictions which have kept many restaurants closed.

A big jump in sales has prompted US grill manufacturer Weber to go public on the New York Stock Exchange — but prospects for sustained growth may not be as hot as they seem.

Uber rival Bolt says it has raised $711 in new funding from investors, with its value now put at over $8 billion.

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.