A fleet of Uber’s self-driving cars in Pennsylvania, US. Reuters
Uber Technologies has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said in its IPO filing. The document gave the first comprehensive financial picture of the decade-old company which was started after its founders struggled to get a cab on a snowy night and has changed the way much of the world travels.
Many of you may be familiar with the CSI New York, Miami, and Las Vegas television series but, I imagine, you have never heard of the real-life CSI-Wildlife, Ashland.
Uber on Tuesday selected Melbourne, Australia, as the first non-US city for its aerial ridesharing service that is expected to launch in 2023, as it unveiled new partners for the ambitious initiative.
Canadian University Dubai (CUD) has recently joined forces with two more leading names in the hospitality industry to help boost the skills supply to the UAE tourism sector as Dubai prepares to attract 25 million visitors by 2025.
The International Monetary Fund (IMF) cut its forecast for Russian economic growth in 2019 to 1.2% from 1.4% after a weak first quarter, saying broader reforms would be needed for stronger growth.
Volvo Cars on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-US trade war were denting profitability.