Ride hailing company Uber may be running losses and burning cash but its CEO Data Khosrowshahi stated that it is likely to become profitable within the next two years. In a recent press interview Khosrowshahi stated that it will soon become profitable on adjusted EBITDA for the year 2021. Khosrowshahi said that though their plan…
Category: Business
Lyft To Offer Users Discounted And Free Rides To Job Interviews
Lyft has declared a plan to assist users “going for the employment pipeline” get to and from professional training programs, job interviews, and new locations of work with discounted or free rides. It is collaborating with different nonprofit associates on the Jobs Access Program. This list of partners comprises the USO, Goodwill, and the National…
OxyContin Manufacturer Purdue Pharma Registers For Bankruptcy Protection
In the recent time, OxyContin manufacturer Purdue Pharma registered for bankruptcy protection, yielding to pressure from over 2,600 lawsuits claiming the company assisted in fueling the fatal opioid epidemic across the U.S. Apparently, Purdue’s board met to sanction the long-anticipated bankruptcy filing, which the firm is pursuing to reform under terms of a bid to…
Asia’s Leading Economies Are Supporting Hydrogen Fuel Cell Cars
Reportedly, Japan, China, and South Korea have set striving targets to place millions of hydrogen-powered vehicles on roads before 2030 at a price of billions of dollars. But till date, hydrogen FCVs (fuel cell vehicles) have been overshadowed by electric vehicles, which are ever more becoming a conventional option owing to the success of Tesla’s…
Coal Is “Powerful” In Asia Despite Countries Work Toward Cleaner Energy
Reportedly, coal is still the main fuel in the rapidly developing economies of Southeast Asia, even in the middle of a general international shift toward cleaner energy resources, statistics from latest reports showed. Jacqueline Tao—Research Associate from a commodity consultancy Wood Mackenzie—said, “The coal has been gloomy in the world. This will outcome in the…
US-Japan Trade Deal Strikes Hurdle As Tokyo Seeks Word On Auto Tariffs
The U.S.-Japan trade agreement strikes a last-minute problem since Japanese executives sought reassurances that the Trump government would not enforce national security levies on Japanese-manufactured cars and auto parts, sources familiar with the discussions stated. The U.S. President Donald Trump with Japanese Prime Minister Shinzo Abe had been aiming to ink a trade agreement during…
US Is Lucky To Have Tariffs Exempted On Apple Mac Pros
In July, President Trump had claimed that the tech giant, Apple, will have to pay tariffs for their redesigned versions of Mac Pro, however, the veracity is poles apart. The US Trade Representative’s office has announced that the regulators have approved tariff exemptions for the computer objects of 10 out of 15 of the Mac…
Manufacturing Sector Activity In The U.S. Strikes 5-Month High In September
Reportedly, the U.S. manufacturing industry advanced in September with activity development hitting a 5-Month high, as per to IHS Markit. The preliminary reading of the U.S. manufacturing PMI (Purchasing Managers’ Index) for September was 51.0, which is the highest figure from April and more from 50.3 in August. The readings more than 50 are referred…
It Will Be A “Shame” For Hong Kong If It Dissipates Its Place As A Financial Hub
Reportedly, if Hong Kong loses its position as one of Asia’s leading financial centers, it will be devastating for the Asian financial center, stated the chief executive officer and founder of Citic Capital. There is “no inadequacy competition for financial hubs,” stated Zhang Yichen, who is also chairman of the investment company. Financiers can turn…
French Court Rules Steam Titles Must Be Capable Of Being Resold
In a court case that can basically alter how Steam works, EU users have won the right to resell their Steam games via digital marketplace from Valve. Media reports that the Paris Court of First Instance judged this week that EU law enables Steam consumers to resell their digital titles, just like they can any…