May 13 (Reuters) - Uber Technologies will acquire Delivery Hero's foodpanda delivery business in Taiwan for $950 million in cash, the companies said on Tuesday.
Uber has also agreed to purchase $300 million in newly issued ordinary shares of Delivery Hero, they said. (Reporting by Chandni Shah in Bengaluru; Editing by Nivedita Bhattacharjee)
It now looks like a dead-cert that next month Rachel Reeves will become our new chancellor.
STORY: Boeing is set to face criminal charges over fraud following the two fatal crashes of its 737 MAX jets some years ago.Reuters sources said Sunday that the U.S. Department of Justice had decided on the course of action. There was no comment on the report from officials or the company. The deadly crashes took place in 2018 and 2019, killing 346 people. They were later traced to a design flaw in the jets, which has since been fixed. Boeing later agreed a deferred prosecution deal, which shielded it from criminal charges. That was in return for compensating victims’ families, and taking steps to improve compliance. But in January this year, a midair blowout on another MAX jet revived concern over how well the planes are made. Prosecutors subsequently concluded that Boeing had not honored the terms of the deferred prosecution deal - something the company disputes. Now Boeing will reportedly have until the end of the week to plead guilty or face a trial. It is expected to see a new financial penalty, and will have to submit to independent monitoring. Pleading guilty may not be an attractive move for the firm, which is also a big maker of military aircraft and other defense gear. Companies with felony convictions can face restrictions on government contracts, though it’s possible a plea deal could include terms that avoid such an outcome.
Labour’s plan for a net-zero economy powered by wind turbines and electric vehicles (EVs) risks being thwarted by a huge drop in factory apprenticeships, British manufacturers have warned.
India's human rights watchdog said on Monday it had asked government officials to examine reported discrimination by Foxconn, after a Reuters investigation found the major Apple supplier has been rejecting married women from iPhone assembly jobs in the country. In a statement, the National Human Rights Commission (NHRC) said it had issued notices to the secretary of Prime Minister Narendra Modi's labour ministry and the chief secretary of the state government of Tamil Nadu, site of a major iPhone factory, calling for a detailed report within a week.
The NHTSA recently announced recalls for 1,071,798 vehicles. This includes Ford, Volkswagen, Toyota, Porsche, Tesla, Chrysler, Nissan, GM and Jaguar.
STORY: Boeing said Monday it will buy its supplier Spirit Aerosystems for $4.7 billion.The U.S. planemaker moved after a crisis caused by a mid-air blowout on a 737 MAX jet led to questions over quality.Boeing rival Airbus has also agreed to take on the supplier's loss-making Europe-focused activities, in return for hundreds of millions of dollars of compensation.Boeing spun off Spirit in 2005, and has long considered a buyback.The decision to go ahead now comes as the aerospace giant tries to resolve a crisis at one of the industry's key suppliers.January's blowout incident involved a door plug made by Spirit, and contributed to a major slowdown in output at Boeing.The planemaker announced the planned departure of CEO Dave Calhoun in the wake of the crisis.Now the deal is due to close around midway through next year, and is seen as an effort to address its safety problems and shore up its production line.Airbus is also a Spirit customer, and didn't want arch-rival Boeing building parts for its latest jets. It has now confirmed it will take over core activities at four of the supplier's plants to avoid that.Sources said the move was loosely coordinated between the three companies. Airbus said it would receive $559 million in compensation from Spirit, depending on the final outlines of the deal.
LONDON (Reuters) -Shares in Anglo American slid as much as 4% on Monday, with investors worried over what impact an ongoing underground blaze at a coal mine in Australia could have on the miner's plan to sell its coal portfolio, part of a broader bid to add value. Anglo has been battling a fire ignited at its Grosvenor steelmaking coal mine in Australia's Queensland state on Saturday. "The underground combustion event is ongoing; however, the QMRS (Queensland Mines Rescue Service) mobile extinguisher unit is now fully operational, and smoke has visibly reduced," it said in a statement on Monday.
A permanent banking hub has opened in Downham Market's High Street after Lloyds closed the west Norfolk town's last bank three months ago.
As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate.
An employment tribunal has produced a mixed ruling after Felix Ngole claimed he was discriminated against by a health charity.
A NEW Next store is preparing to open at the Southend Airport retail park in just a few weeks time, creating more than 30 new jobs
Retiring at 66 with $900,000 in a Roth IRA and $2,200 in Social Security benefits likely is a reasonable plan for many retirees. The income you could reasonably expect to generate from your Roth withdrawals, coupled with your Social Security benefit, probably will be somewhat more than the typical retiree's expenses. You can likely expect […] The post I Have $900k in a Roth IRA and Would Receive $2,200 Monthly from Social Security. Can I Retire at 66? appeared first on SmartReads by SmartAsset.
Rising tensions in the Middle East are adding a premium to oil prices as traders weigh the potential of an interruption to Iran's oil supply.
Wessex Internet is opening a new base in Wiltshire.
Key Insights Burckhardt Compression Holding's Annual General Meeting to take place on 7th of July Salary of CHF438.0k...
The purchasing managers index (PMI) for manufacturers in Asia's fourth-largest economy, compiled by S&P Global, rose to 52.0 in June, from 51.6 in May, on a seasonally adjusted basis. "Another strong month of data provides further evidence that global industrial activity and trade are picking up," said Joe Hayes, principal economist at S&P Global Market Intelligence. "Viewed as a bellwether for exports due to its integration in supply chains for key intermediate goods like batteries and semiconductors, South Korean manufacturing output and orders often provide leading signals for trends more broadly."
More consumers are choosing to watch free, ad-supported streaming platforms amid the rapid rise of subscription prices from traditional streamers.
A woman who has worked at Ludham Bridge Stores for 50 years says she "still loves it" as she talks about her collaboration with Bittern Books.
FCM Travel Greater China, a business-travel management company, plans to invest in its artificial intelligence capabilities and give its staff the skills they need to get the most out of the technology as China's outbound travel market enjoys a resurgence. The drive to adopt and integrate AI into its operations began recently with the opening of the company's new "AI centre of excellence" in the southern Chinese city of Guangzhou. The city was the ideal destination thanks to its large pool of ta
Spending the winter working in a ski resort will be easier for Britons this year, following the streamlining of the hefty post-Brexit employment process. Working in a ski resort has long been a rite of passage for ski-mad Britons. As inventors of the catered ski chalet holiday, it’s been British workers who have staffed these chalets for decades, as well as many of the bars and nightclubs in Alpine resorts popular with UK holidaymakers. After Brexit, the legal requirements surrounding the hiring
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