Uber will appeal Monday’s decision by London’s transport regulator to strip the firm of its license in the city, saying it has taken steps to change its business model and sets the standard on safety.
Acquiring Tiffany will lift LVMH’s operating profits by 500 million to 600 million euros ($661.32 million) in the first 12 months, the luxury goods group’s Chairman and Chief Executive Bernard Arnault said on Monday.
Macy’s, Inc. (NYSE:M) shares fell 8.6% to US$15.43 in the week since its latest quarterly results. Revenues of US$5.2b… …read more […]
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.London’s transit authority refused to grant Uber Technologies Inc. a new license in the capital, endangering the ride-hailing company’s future operations in the city.While the company has made some progress in addressing Transport for London’s concerns, the regulator is still concerned that unauthorized drivers can manipulate the app to carry passengers, it said in a statement Monday. Uber has 21 days to appeal and can continue to operate while a magistrates’ court considers the decision.TfL is particularly concerned about a vulnerability in …read more […]
Uber was stripped of its London operating licence on Monday for the second time in just over two years as the city’s regulator said the taxi app was not “fit and proper”, having put passenger safety at risk. A change to Uber’s systems allowed unauthorised drivers to upload their photos to other drivers’ accounts, meaning they could pick up passengers as if they were the booked driver, which happened in at least 14,000 trips, Transport for London (TfL) said. “It is unacceptable that Uber has allowed passengers to get into minicabs with drivers who are potentially unlicensed and …read more […]
Roche expects its risdiplam medicine for spinal muscular atrophy (SMA) to get U.S. approval by May, the Swiss drugmaker said on Monday, as it takes on Novartis and Biogen in the lucrative rare disease area. The U.S. Food and Drug Administration granted priority review for risdiplam, an oral medicine for those with the potentially deadly muscle-wasting disorder. Roche, whose drug is seen as a rival for Biogen’s Spinraza and Novartis’s Zolgensma gene therapy, said the FDA is due to decide by May 24. …read more […]
A group led by Japan’s Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion), Eneco said on Monday, beating off rival bidders including Shell and private equity firm KKR. Eneco, a company owned by 44 Dutch municipalities and with a strong focus on renewable energy, said it had been swayed by Mitsubishi’s plans to allow the company to continue its strategy and retain its corporate identity. The deal, backed by Eneco’s boards and a committee representing shareholders, must still be approved early next year by the Dutch company’s …read more […]
In order to justify the effort of selecting individual stocks, it’s worth striving to beat the returns from a market… …read more […]
London’s transport regulator said on Monday it has yet to decide on whether to renew Uber’s operating licence in the city after a media report said the taxi app would lose its right to take rides in Britain’s capital. LBC radio reported on Monday, the day the Silicon Valley firm’s licence expires in London, that Uber will not receive a new licence in one of its most important markets, citing several unnamed sources. A spokesman at Transport for London (TfL) said no decision has been made. …read more […]
London’s transport regulator said on Monday it has yet to decide on whether to renew Uber’s operating license in the city after a media report said the taxi app would lose its right to take rides in Britain’s capital.
London’s transport regulator said on Monday it has yet to decide on whether to renew Uber’s operating license in the city after a media report said the taxi app would lose its right to take rides in Britain’s capital. LBC radio reported on Monday, the day the Silicon Valley firm’s license expires in London, that Uber will not receive a new license in one of its most important markets, citing several unnamed sources. A spokesman Transport for London said no decision has been made. …read more […]
World shares staged a cautious rally on Monday as investors held out for some progress in U.S.-China trade talks, while the dollar dipped after its latest rally on the back of strong U.S. economic data.
Louis Vuitton owner LVMH has agreed to buy Tiffany for $16.2 billion in its biggest acquisition yet as the French luxury goods maker bets it can restore the iconic U.S. jeweler’s luster.
Land Securities Group plc (LON:LAND), which is in the reits business, and is based in United Kingdom, led the LSE… …read more […]
China’s new energy vehicle (NEV) market is likely to see a sales rebound next year as automakers roll out more new products to lure buyers, but more supportive government policies are needed, auto executives said.
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