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A Bolt (formerly known as Taxify) sign is seen on the taxi car in Riga.

Uber-rival Bolt enters European food delivery business

21 August 2019, 6:17 AM

Bolt is a late entrant to the food delivery market, where a number of start-ups and other ride-sharing firms have operated for years. It plans to grab market share with lower prices for consumers.

‘Spider-Man: Far From Home’ crushes ‘Crawl’ and ‘Stuber’

15 July 2019, 2:08 PM

Sony’s “Spider-Man: Far From Home” claimed victory again during its second weekend in theatres, dominating over new releases, Paramount’s gator-thriller “Crawl” and Disney’s R-rated comedy “Stuber.”

Uber logo

Uber loses $1 billion in quarter as costs grow for drivers, food delivery

31 May 2019, 5:29 AM

Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company.

Uber

Uber stock set to launch at $45 a share

10 May 2019, 10:28 AM

Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes with simmering concerns about its business mode

In Wall Street debut, Uber set to turn a corner

9 May 2019, 5:08 PM

Uber is expected to reveal pricing Thursday for a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes amid simmering concerns about its business model.

Uber faces class action lawsuit by Australian taxi drivers

3 May 2019, 5:59 AM

Global ride-sharing firm, Uber, on Friday faced another legal bump on the road to its blockbuster initial public offering, with taxi drivers launching a class action lawsuit in Australia.

Uber

Uber wins $1bn investment from Toyota, SoftBank fund

19 April 2019, 9:39 AM

Japanese car giant Toyota and investment fund SoftBank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward the development of driver-less ride-sharing services.

The Uber Hub is seen in Redondo Beach, California.

Uber plans to sell around $10 billion worth of stock in IPO

10 April 2019, 5:40 AM

Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday.

Raquel Urtasun, chief scientist at Uber Advanced Technologies Group (ATG), attends a Reuters Newsmaker event in New York City.

Uber sees some time before self-driving cars dominate the road

9 April 2019, 6:41 AM

Uber Technologies Inc expects it will be a long time before one of its biggest investments, self-driving cars, is ready for wide-scale deployment.

Uber

Uber to buy Mideast rival Careem for $3.1 billion

26 March 2019, 11:04 AM

Global ride-hailing service Uber will acquire its Middle East rival Careem for $3.1-billion, the two companies announced on Tuesday.

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