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Lyft prices IPO at US$72, the latest move in its money-raising battle with Uber

Ride-hailer to launch IPO Friday, overcoming much-larger rival’s attempts to starve it of capital

Business

Chinese authorities slam ride-hailing giant Didi over safety

BEIJING: Chinese authorities announced a broad crackdown on China’s ride-hailing industry, targeting market-leader Didi Chuxing with fines following the deaths of two passengers in separate incidents earlier this year.

Business

Chinese authorities slam ride-hailing giant Didi over safety

BEIJING: Chinese authorities announced a broad crackdown on China's ride-hailing industry on Wednesday, targeting market-leader Didi Chuxing with fines following the deaths of two passengers in separate incidents earlier this year.

Business

Tesla to bring most collision repairs in-house

Tesla Inc is bringing most collision repairs in-house, Chief Executive Officer Elon Musk said in a tweet on Sunday, saying owners of the vehicles were experiencing excessive wait times at body shops.

Business

Apple touches record as brokerages bullish on iPhone X demand

NEW YORK: Several analysts downplayed concerns about Apple Inc's iPhone X production issues and were bullish on demand and sales, pushing the company's shares to a record on Monday.

Business

Apple touches record as brokerages bullish on iPhone X demand

BENGALURU: Several analysts downplayed concerns about Apple Inc’s iPhone X production issues and were bullish on demand and sales, pushing the company’s shares to a record on Monday.

Business

Can new boss at Vanguard keep raking in cash?

TIM Buckley has just been handed the keys to the house that Bogle built. But Buckley, Vanguard Group’s new president, confronts something that founder Jack Bogle never did back in his prime: a world in which cheap market-tracking index funds are everywhere.

Business

Uber tries out new pricing system

SAN FRANCISCO: Uber drivers have been complaining that the gap between the fare a rider pays and what the driver receives is getting wider. After months of unsatisfying answers, Uber Technologies Inc is providing an explanation: It’s charging some passengers more because it needs the extra cash.

Business

AirAsia buys private jet used by its chairman and group CEO

KUALA LUMPUR: AirAsia Bhd is buying for US$10mil (RM40.3mil) the private jet plane that has been used by its executive chairman Datuk Kamarudin Meranun and group chief executive officer Tan Sri Tony Fernandes since 2012.