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NEW YORK: U.S. stocks rose sharply on Monday as a rebound in U.S. services industry activity in June and expectations of a revival in China's economy boosted optimism, helping investors look past a surge in new coronavirus cases in the United States.
NEW YORK: Uber Technologies Inc has agreed to buy Postmates Inc for US$2.65bil to expand in food delivery after the coronavirus pandemic cratered demand for ride-hailing, its main business, and an earlier attempt to acquire Grubhub foundered.
Gig workers are clamouring for jobs that often pay less while facing stiff competition from a crush of newly unemployed workers also attempting to patch together a livelihood – all while trying to avoid contracting the coronavirus themselves.
WHEN the going gets tough, the tough put their skills to good use.
After six years in Japan, Uber Technologies Inc is finally coming to Tokyo.
Google and Temasek Holdings Pte are in negotiations to join a funding round of between US$500mil (RM2.14bil) and US$1bil (RM4.28bil) for Indonesian e-commerce giant PT Tokopedia, according to people familiar with the matter.
SEOUL (Xinhua): South Korea's online shopping continued to rise in double digits in May as people refrained from shopping outside amid the fear of the Covid-19 outbreak, statistical office data showed on Friday (July 3).
Getting products from one place to another with as little human contact as possible is becoming an imperative for businesses as retailers, warehouses and transport providers seek to minimise the risk of infections to their employees and customers.
More than a thousand food delivery drivers on motorcycles gathered in São Paulo on Wednesday to protest their work conditions, set by Uber Technologies Inc and makers of other apps, as their services remain in high demand due to coronavirus lockdowns.
HONG KONG: China’s tycoons are flooding Hong Kong’s exchange with a $20 billion worth of new listings.