Uber acquires Mideast competitor Careem for $3.1 billion

Ride-hailing service Uber announced on Tuesday it has acquired Mideast competitor Careem for $3.1 billion, giving the San Francisco-based firm the commanding edge in a region with a large, young, tech-savvy population.

Electric vehicles as an example of a market failure

Electric vehicle revolution is well under way. Norway ambitiously heads toward having all new cars sold as zero-emission by 2025. China continues to be one of the major drivers of EV boom. The US market experiences strong ...

BMW warns profits will fall due to costs, trade uncertainty

German automaker BMW said Wednesday that profits in 2019 would be "well below" last year's and that it planned to cut 12 billion euros ($13.6 billion) in costs by the end of 2022 to offset spending on new technology.

Five things to know about Bayer and Monsanto

The second cancer victim in a year to win a surprise victory against US pesticide maker Monsanto raises the prospect of a flood of similar lawsuits, potentially leaving the firm's new German owner Bayer with a major case ...

A week after Ethiopia crash, questions swirl around Boeing

Boeing's 737 MAX aircraft are grounded across the world following the crash of Ethiopian Airlines Flight ET302, casting a harsh spotlight on the plane's safety certification and the close relationship between Boeing and American ...

737 MAX disaster pushes Boeing into crisis mode

After a second air disaster involving the 737 MAX 8, aviation giant Boeing swung into crisis mode, losing $25 billion of market capitalization and suffering a severe hit to its reputation.

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