Uber CEO Dara Khosrowshahi is meeting London transport regulators on Tuesday after the ride hailing app lost its license to operate in the British capital. The newly-appointed Uber boss will sit down with Mike Brown, the commissioner of Transport for London (TFL). Neither TFL nor Uber released details of when or where the meeting will […]
Read moreStarting a new job is never easy. This is true for anybody, even Dara Khosrowshahi, the new chief executive of Uber who has an unenviable task on his hands. Just over a month into the job and Khosrowshahi is dealing with a regulatory headache in London, one of its biggest markets, and an episode of […]
Read moreCurrency, United States Finance
Catalonia goes on strike as calls for 'declaration of independence' grow
A general strike in Catalonia on Tuesday will likely bring much of the wealthy Spanish region to a standstill, a move bound to ratchet up tensions with the Spanish government following a fractious independence vote at the weekend. A large number of pro-separatist trade unions, businesses, schools, transport networks and cultural institutions – even the […]
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European markets seen higher as Spanish stocks rebound after Catalonia concerns
European stocks are set to open higher on Tuesday morning as political concerns ease slightly and investors focus on data releases. The FTSE 100 is seen up by 8 points at 7,437; the DAX 30 is set to start the day up by 36 points at 12,930 and the CAC 40 is expected to open […]
Read moreThis article is part of a “Reporter’s Notebook” series, wherein CNBC journalists submit tales and observations from the field. To Elon Musk’s audience, the storied entrepreneur is less of a CEO than he is a rockstar. That’s what I learned after covering an afternoon of events by his companies SpaceX and Tesla in Australia, where […]
Read moreFood delivery start-up Deliveroo, reportedly valued at over $2 billion after its latest round of funding, plans to push out a novel food delivery strategy to more cities around the globe. The big winners of the global tech firm’s move are likely to be small local restaurants. The start-up says it is devoting “a significant […]
Read moreWalmart.com will soon begin offering same-day delivery to some customers in New York City, and it has purchased a local startup to help it with the behind-the-scenes logistics. The giant retailer has acquired Parcel, a Brooklyn, N.Y.-based company that handles scheduled and same-day delivery services in New York for online retailers like Bonobos and meal-kit […]
Read moreAustralia’s central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have signaled a steady outlook for some time to come. The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 49 analysts had found all but one expected […]
Read moreMusician Tom Petty, frontman of Tom Petty and the Heartbreakers, has died on Monday at age 66, his manager said in a statement. “On behalf of the Tom Petty family, we are devastated to announce the untimely death of of our father, husband, brother, leader and friend Tom Petty,” Tony Dimitriades, longtime band manager, said […]
Read moreJapanese Prime Minister Shinzo Abe has seen a political rival creating a stir ahead of the country’s October snap elections: The newly formed “Party of Hope,” led by Tokyo’s popular governor, is challenging the current power structures. Yet lost in the intrigue of political competition is a important characteristic of the new party, according to […]
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