Business
Lawsuit: Some female Uber passengers have 'endured rape, physical violence' from drivers
Two female riders, who would rather have their names undisclosed, hit the ride-hailing service company Uber with a class-action lawsuit , alleging rape, violence, and harassment by drivers. "Nothing meaningful has been done to make rides safer for passengers - especially women". "This is no longer an issue of "rogue" drivers who act unlawfully", reads the suit.
Business
Ethiopian Airlines orders four Boeing 777 freighters
They are US company Frontier Airlines, Mexico's Volaris, Chilean carrier JetSmart and Hungary's Wizz. The Indigo deal would more than double Airbus's existing order book for the year, which stood at about 290 aircraft as of October 31. Indigo Partners is a US-based private equity group that invests in airlines. "The deal represents the largest-ever single-aisle jet order - by the number of airplanes and total value - from a Middle East carrier", Boeing said in a statement."When ...
Business
Amazon surrenders cheapest bit of Chinese cloud
Chinese regulators are tightening rules on foreign data and cloud services, implementing new surveillance measures and increasing scrutiny of cross-border data transfers. However, like its peers, Amazon has found it hard making headway in China, which is dominated by local tech giants Alibaba and Tencent Holdings Ltd.
Business
Carbon Emissions Set to Rise in 2017
In 2017, Carbon dioxide emissions from fossil fuels and industry are projected to grow by 2% (0.8% to 3%). The increase follows three years of flat emissions. In the USA and European Union, on the other hand, emissions came down by 0.4 per cent and 0.2 per cent respectively. "With global Carbon dioxide emissions from human activities estimated at 41 billion tonnes for 2017, time is running out on our ability to keep warming well below 2ºC let alone 1.5ºC", Le Quere added.
Business
Vodafone share price: Group offloads tower business in India
During this low demand period, the sequential quarterly voice minutes grew by 1.7% to 255 billion minutes and mobile data volume (2G+3G+4G) witnessed strong sequential growth of 73.5%. In a joint statement , the two companies said Idea will sell its entire holding in Idea Cellular Infrastructure Services Ltd (ICISL) while Vodafone will divest its business undertaking to ATC Infra.
Business
Chinese Shoppers Spent $25.3 Billion In 24 Hours, This Singles Day
Alibaba also said it had turned 100,000 physical shops around China into "smart stores" for this year's event. The outstanding results also reflect the upgrading of e-commerce itself to something known as "New Retail". Singles Day was begun by Chinese college students in the 1990s as a version of Valentine's Day for people without romantic partners. The date of November 11 emerged as a counter-cultural antidote to the sentimentality of Valentine's Day.