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 Financial, limiting its exposure to a crowded market where it has struggled to grow.
Asian shares took a sudden lurch lower on Tuesday as mounting concerns about a new strain of pneumonia in China sent a ripple of risk aversion through markets.
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 a military blockade.
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 move.
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 can be extradited to the United States, a case that has strained relations between Ottawa and Beijing.
German HR start-up Personio just secured a $75 million funding round led by Accel, which values the company at close to $500 million.
Asian shares got off to a cautious start on Tuesday lacking any lead from Wall Street and after the IMF shaved its outlook for world growth this year, though it did offer a brighter view on China.
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 at least 2024, the airline's chief executive said on Tuesday.
A majority of people around the world believe capitalism in its current form is doing more harm than good, a survey found ahead of this week's Davos meeting of business and political leaders.
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle.
Tony Hall will step down as the director general of the BBC in the summer to make way for a new person who will negotiate its future with the government, he said on Monday.
China repeated its call on Monday for Canada to release detained Huawei Technologies Chief Financial Officer Meng Wanzhou as soon as possible, ahead of the executive's first extradition hearing later in the day.
BT <BT,K>, Danone , Microsoft and Sony are among 178 companies with top marks in the latest global ranking of transparency and action on climate change.
World stocks held near record highs on Monday as generally better data and earnings bolstered sentiment, while oil prices hit their highest in over a week after two large crude production bases in Libya began shutting down following a blockade.
Asian shares held near a 20-month top on Monday even as investors took some money off the table following a strong run recently, while oil jumped to more than a one-week high after two large crude production bases in Libya began shutting down.