January 21, 2020

Uber sells Indian Eats business to Zomato in move to cut losses

Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s […]
January 21, 2020

Air France-KLM proposes buying 49% of Malaysia Airlines, JAL seeks smaller stake: sources

Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM which wants as much as 49% while Japan Airlines is looking at a 25% […]
January 21, 2020

Asia shares feel a chill as China virus risks mount

Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of […]
January 21, 2020

Uber sells Indian food delivery arm to Ant Financial-backed Zomato

Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant […]
January 21, 2020

Oil prices ease as supply risk concerns fade

Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid […]
January 21, 2020

Huawei CFO’s lawyer attacks U.S. extradition case in Canadian trial

A lawyer for Huawei Chief Financial Officer Meng Wanzhou argued on Monday that “double criminality” was at the center of a trial to decide whether she […]
January 21, 2020

Asia shares lurch lower, flu concerns a possible culprit

Asian shares took a sudden lurch lower on Tuesday as a ripple of risk aversion swept markets, though analysts could find no obvious trigger for the […]
January 21, 2020

Air Niugini delays delivery of four 737 MAX jets until at least 2024

Papua New Guinea carrier Air Niugini has updated its contract with Boeing Co to delay the delivery of its four 737 MAX jets on order until […]
January 20, 2020

Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles

Tesla Inc on Monday said there was no unintended acceleration in its vehicles, as it responded to a petition to a U.S. safety regulator to investigate […]
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