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News

Wall Street Journal - Oct. 28

Oct 28 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Hertz Global Holdings Inc is linking with Uber Technologies Inc UBER.N to make 50,000 Teslas TSLA.O available in Uber's ride-sharing network by 2023, the latest in the rental-car company's
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Tech stampede as investors hunt Latin American unicorns

* Latino startup funding surges 174% in Jan-Sept - data * At least 10 startups looking at U.S. IPOs - sources * Region attracts big name investors as internet booms By Carolina Mandl and Anirban Sen Oct 21 (Reuters) - When Sebastian Kanovich co-founded Latin American digital payments startup dLocal in Montevideo in 2016, he struggled to get global
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After Wild West start, scooter providers chase scale to survive

By Nick Carey and Carolyn Cohn LONDON, Oct 14 (Reuters) - The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher regulations, more demanding customers and wary insurers. Hurt badly by global coronavirus lockdowns last year, companies offering by-the-minute rental of e
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Uber temporarily suspends Brussels service in first for Europe

By Marine Strauss BRUSSELS, Sept 30 (Reuters) - Uber Technologies Inc. UBER.N joined a protest of its drivers in Brussels on Thursday with an unprecedented suspension of its service in the Belgian capital. Rules dating back to 1995 prohibit drivers from using smartphones, meaning those that use the Uber app to pick up customers and to drive them to
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Wall Street Journal - Sept 10

Sept 10 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - DoorDash Inc DASH.N , Grubhub Inc and Uber Technologies Inc's UBER.N Eats division are suing New York City over its law permanently capping the amount of commissions the apps can charge re
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Beijing city looks to take Didi under state control, Bloomberg News reports

Sept 3 (Reuters) - Beijing city is considering taking Didi Global DIDI.N under state control and has proposed that government-run firms invest in the Chinese ride-hailing company, Bloomberg News reported. The central thrust of the city government's proposal is to regain control over one of its largest corporations, and particularly the data it hold
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Payments processor Adyen's profit boosted by US volumes

(Updates with COVID-19 impact on consumer habits, share move) AMSTERDAM, Aug 19 (Reuters) - Adyen NV ADYEN.AS , the Dutch company that helps to process payments for Netflix, Facebook and Uber, on Thursday beat market expectations with a 65% jump in first-half core profit, citing higher volumes and strong growth in North America. Adyen reported adju
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SoftBank pauses China investing as crackdown roils portfolio

* Didi, Full Truck Alliance listed during Q1 * China regulatory action has hit valuations * SoftBank to wait and see on China -Son * China remains compelling opportunity -executive * Further upside from India investments listing -executive (Recasts on China crackdown) By Sam Nussey TOKYO, Aug 10 (Reuters) - SoftBank Group Corp 9984.T will pause its
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New York Times business news - Aug. 5

Aug 5 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - The White House is vetting Saule Omarova, a Cornell professor, for the role of comptroller of the currency. Link - A coalition of gig economy companies that includes Uber Technolog
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British Business - August 2

Aug 2 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British government is considering removing restrictions on bankers' bonuses as part of its plan to ditch EU rules and to make the City of London more competitive.
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British Business - July 12

July 12 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Blue Air, Romania's leading airline, is to list on the London stock market in autumn with a valuation of up to 500 million pounds ($695.00 million) and with the
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British Business - July 8

July 8 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Royal Dutch Shell Plc RDSa.L is likely to launch share buybacks that could be worth more than $1 billion each quarter, analysts predicted, after the company annou
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After $4.4 bln New York IPO, founders of China's Didi eye global growth

By Julie Zhu and Yilei Sun HONG KONG/BEIJING, June 30 (Reuters) - From working at a foot massage company to setting up China's biggest ride-hailing firm, Will Wei Cheng has navigated several hurdles on the path to taking Didi Global Inc DIDI.N public in a $4.4-billion New York float. As Cheng rose to the upper echelons of Chinese technology entrepr
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China's Didi raises $4.4 bln in upsized U.S. IPO

* Didi sold 317 mln ADS, more than planned 288 mln * Sells ADS at $14 apiece * Would give Didi $73 bln valuation on fully diluted basis By Echo Wang, Anirban Sen and Scott Murdoch June 30 (Reuters) - Chinese ride hailing company Didi Global Inc DIDI.N raised $4.4 billion in its U.S. IPO, pricing it at the top of its indicated range and increasing t
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Chinese firm Didi's $4 bln IPO books covered on first day of bookbuild -sources

(Recasts) By Scott Murdoch, Julie Zhu and Yilei Sun June 24 (Reuters) - Chinese ride-sharing giant Didi Global Inc's $4 billion initial public offering (IPO) received enough investor demand to clinch its targeted price range on Friday, vindicating a lowering of valuation expectations, people familiar with the matter said. The listing in New York, w
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Gig companies' push for state-level worker laws faces divided labor movement

By Tina Bellon June 9 (Reuters) - Uber and other gig economy companies are trying a new approach to ending their battles with unions, and getting ahead of possible federal regulation that could upend their business based on classifying workers as independent contractors. In New York, for example, gig economy companies are working with several union
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Gig companies' push for state-level worker laws faces divided labor movement

By Tina Bellon June 9 (Reuters) - Uber and other gig economy companies are trying a new approach to ending their battles with unions, and getting ahead of possible federal regulation that could upend their business based on classifying workers as independent contractors. In New York, for example, gig economy companies are working with several union
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India's low-income frontline workers burned by rising fuel prices

By Sudarshan Varadhan and Nidhi Verma CHENNAI, June 9 (Reuters) - Rizwanudeen, a 37-year old worker who delivers food in the southern Indian city of Chennai, struggles to pay his rent and loan instalments at the end of every month as he has been hit by the double whammy of higher fuel prices and fewer food orders. Millions of weekly wage earners li
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SoftBank-backed DoorDash enters Japan

TOKYO, June 9 (Reuters) - U.S. food delivery firm DoorDash Inc DASH.N , which is backed by SoftBank Group Corp 9984.T , announced the launch of services in Japan on Wednesday, joining an increasingly crowded market that has grown during the COVID-19 pandemic. Services will be initially limited to the city of Sendai in Miyagi prefecture, the money l
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SoftBank-backed Doordash enters Japan

TOKYO, June 9 (Reuters) - U.S. food delivery firm DoorDash Inc DASH.N , which is backed by SoftBank Group Corp 9984.T , announced the launch of services in Japan on Wednesday, joining an increasingly crowded market that has grown during the COVID-19 pandemic. Services will be initially limited to the city of Sendai in Miyagi prefecture, the money l
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