Monday, 29 November 2021

Bloomberg

Uber Technologies Inc reported a $5.2 billion loss

NEW YORK: Uber Technologies Inc reported a $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday as growth in its core ride-hailing business slowed, sending its shares down 6%. Uber’s net loss, up from a loss of $878 million a year earlier, reflected $3.9 billion ...

Read More »

EU clears Vodafone’s $22 billion Liberty deal

BRUSSELS/LONDON: Brussels gave its blessing to Vodafone’s $22 billion purchase of Liberty Global’s cable networks in Germany and central Europe, clearing the way for the British company to become Europe’s largest mobile, broadband and TV provider. The deal is the standout move by Vodafone in its bid to become a ...

Read More »

Huawei prepares for 50% fall in smartphone shipments

LONDON: Huawei is preparing for a 40 per cent to 60 per cent decline in international smartphone shipments. The Chinese technology company is looking at options that include pulling the latest model of its marquee overseas smartphone, the Honor 20, according to the article, which cited people familiar with the ...

Read More »

Trump tells aides he does not want war with Iran

WASHINGTON: President Trump has reportedly informed acting Defense Secretary Patrick Shanahan that he does not want to see the US go to war with Iran amid rising tensions in the Middle East region. On Wednesday Trump raised the issue of war with the Islamic Republic during a briefing on the status of US forces in the ...

Read More »

Metro Bank says well advanced in equity raising plan

LONDON: Metro Bank Plc’s plan to raise about 350 million pounds ($455 million) of equity capital to support its growth is well advanced, the British bank said in a statement. The company said it had started final discussions with existing and new shareholders and feedback has been positive. The equity ...

Read More »

Hong Kong’s Favorite ETF Is Short the Whole Stock Market

Investors have been piling into a fund that makes money whenever Hong Kong stocks fall, as they rush to hedge against potential losses amid global uncertainties. The CSOP Hang Seng Index Daily Inverse Product has attracted $292 million in 2019, the biggest inflow for any fund trading on the city’s ...

Read More »

Ford admits they ‘overestimated’ self-driving cars

NEW YORK: Although self-driving cars have become a hype in recent times, automaker Ford believes that the firm has ‘overestimated’ the arrival of those autonomous cars. American automobile manufacturer Ford’s CEO Jim Hackett recently put brakes on hopes of the company’s plans for self-driving cars, admitting that the first vehicles ...

Read More »

Billionaire Ambani risks jail over missed Ericsson payments

NEW DELHI: India’s top court said Indian industrialist and chairman of Reliance Communications (RCom) Anil Ambani wilfully did not pay 77.3 million U.S. dollars to Swedish telecom equipment maker Ericsson, thereby holding him guilty of contempt in a case, officials said. “RCom had no intention to abide with the undertakings. ...

Read More »