Electric scooters, self-driving vehicles, and flying cars: No matter what the future of transportation is, Alphabet wants to be involved. Earlier this week, The Financial Times reported that the holding company directly invested in electric-scooter startup Lime, even as its venture capital arm, GV, led the startup’s funding round. This news brings together two striking […]
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Poland sees mass protests after sweeping court reforms: Here’s what you need to know
Poland is facing the prospect of an unprecedented institutional crisis, amid escalating tensions between its nationalist government and the EU. Thousands of people took part in anti-government protests in Warsaw and several other Polish cities late Tuesday, after the country’s ruling Law and Justice party (PiS) implemented legislation that could force as many as one-third […]
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Uber returns to Finland after a change to the country’s strict transport laws
Uber is re-launching its services in Finland, following an almost one-year suspension that resulted from the country’s strict transportation laws. Two of its most popular services, UberX and UberBLACK, will be available again in Helsinki, Finland’s capital, as of 3 p.m. CET (9 a.m. ET) on Wednesday, the company said in a blog post. Finland’s […]
Read moreThe emergence of “superstar” tech firms is hurting the pay packets of workers, the Organization for Economic Cooperation and Development (OECD) said Wednesday. The OECD’s annual employment outlook said wage growth in many countries it examined is failing to keep pace with improvements in productivity. Wage growth after factoring in inflation has slowed, on average, […]
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Quinoa, ambient lighting and Perrier. They’re certainly not be synonymous with fast food giant McDonald’s, but if a new concept being tested out in Hong Kong proves successful, that could change. A branch was renovated last year into what the company called, McDonald’s Next. Here, a burger and fries are delivered to customer’s tables on […]
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The EU is reportedly considering international talks to cut car tariffs
European officials are considering holding talks on a tariff-cutting deal between the world’s largest car exporters to prevent an all-out trade war with the U.S., according to the Financial Times who cited diplomats briefed on the matter. The proposal is being looked at by officials in Brussels, the administrative heartland of the European Union, ahead […]
Read moreEuropean stocks are set to open mixed Wednesday morning, amid elevated tensions between the U.S. and China over looming trade tariffs and investment restrictions. The FTSE 100 is seen little changed at 7,582; the CAC is expected to open down around 5 points at 5,310 while the DAX is poised to start 22 points lower […]
Read moreWhile the last decade has seen the proliferation of food delivery services such as UberEats and Deliveroo, Japanese instant noodle pioneer Nissin Foods says it maintains a unique advantage in one category: soup noodles. Speaking with CNBC’s “Squawk Box,” the company’s executive director and CEO, Kiyotaka Ando, said consumers are now coming back to the […]
Read moreInternational attention is on Malaysia’s new government to demonstrate its commitment to political transparency as the criminal case of former scandal-ridden ruler Najib Razak gets underway. Najib’s Tuesday arrest and subsequent charges — three criminal breach of trust counts and one offense of abuse of power — are a major development in a multibillion-dollar corruption […]
Read moreIndia’s banking sector crisis has left most state lenders hamstrung with mounting levels of bad loans, investigations into fraud and restricted growth opportunities. Amid that storm, private banks are set to emerge as winners. India’s public-sector financial institutions control about 70 percent of all banking assets in the country, but they have the highest exposure […]
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