MidEast ride-hailing firm Careem buys stake in Egyptian transport start-up MidEast ride-hailing firm Careem buys stake in Egyptian transport start-up Ride-hailing firm Careem, a Middle East rival to Uber Technologies Inc, has bought a minority stake in a three-month-old Egyptian start-up that connects commuters with private buses in Cairo. Dubai-based […]
Message service Telegram to shut some public channels after Indonesia ban Encrypted messaging service Telegram will shut down “terrorist-related” public channels, its founder said on Sunday, after Indonesia’s government blocked access to the platform citing security concerns. Indonesia, home to the world’s largest Muslim population, has seen a resurgence in […]
Italy minister says row with Telecom Italia boss is over A spat between Rome and Telecom Italia’s (TIM) chief executive over the rollout of ultrafast broadband has been resolved, Italian industry minister Carlo Calenda said in an interview published on Saturday. The row had threatened to poison relations between the […]
GM teams up with Uber to expand Maven program to Australia General Motors Co (GM.N) said on Saturday it was testing its car-sharing operation, Maven, in Australia through a pilot program with ride-hailing company Uber Technologies Inc [UBER.UL]. The leasing agreement will allow Uber drivers to rent cars produced by […]
Carlyle to buy airfield lighting group ADB Safegate: sources Buyout group Carlyle has agreed to buy airfield lighting group ADB Safegate at a valuation of about 900 million euros ($1 billion) including debt, sources familiar with the matter said. Belgium-based ADB Safegate supplies visual guidance solutions from landing to parking […]
Global cyber attack could spur $53 billion in losses: Lloyd’s of London A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a report […]
Uber shareholders discuss stock sale to SoftBank, others: Bloomberg Uber Technologies Inc’s shareholders and its board, led by venture capital firm Benchmark, have discussed selling some of their stock to Masayoshi Son’s SoftBank Group Corp (9984.T) and other potential investors, Bloomberg reported on Friday, citing people familiar with the matter. […]
Cox White House kitchen sink job going down drain There’s a time-honored tradition for new chief executives to start the job with a kitchen-sinking. The idiomatic expression seems to derive from the idea that when selling a home, everything that’s not affixed to the plumbing can be carted off. In […]
Greenlight Capital takes stake in Toshiba, says its funds fell 4 percent in second quarter Greenlight Capital takes stake in Toshiba, says its funds fell 4 percent in second quarter Hedge fund Greenlight Capital said on Friday that it had added a stake in Toshiba Corp as it expects the […]
Ashley Madison parent in $11.2 million settlement over data breach Ashley Madison parent in $11.2 million settlement over data breach The owner of the Ashley Madison adultery website said on Friday it will pay $11.2 million to settle U.S. litigation brought on behalf of roughly 37 million users whose personal […]
