Uber on Tuesday reported better-than-expected revenue in the second quarter, fueled by strong demand for the San Francisco-based company's ride-hailing and food delivery services.. Uber notched gains in monthly active platform consumers, gross bookings and trips compared with a year ago, reflecting higher demand but also a higher number of drivers for its signature ride service and food delivery operations.
Total economic losses caused by natural disasters hit an estimated $72 billion in the first half of 2022, fuelled by storms and floods, Swiss reinsurance giant Swiss Re estimated Tuesday.. Man-made catastrophes such as industrial accidents added on a further $3 billion of economic losses to the $72 billion from natural disasters, taking the total to $75 billion -- which is down on the $95 billion total for the first half of 2021.
Visitors to Hong Kong's annual exhibition of global gourmet food will once again not be allowed to sample the delicacies due to coronavirus curbs, the organiser said Tuesday.. "We understand that visitors would like to taste the samples," Chong said.
British oil giant BP rebounded to second-quarter profit on soaring energy prices, it said Tuesday, after a big loss linked to its Russia exit following Moscow's invasion of Ukraine.. BP is the latest energy major to post bumper second-quarter earnings as oil and gas prices have surged in the wake of key producer Russia's invasion of Ukraine.
Asian markets tumbled Tuesday on geopolitical fears after reports that House Speaker Nancy Pelosi would visit Taiwan fanned China-US tensions.. "As Pelosi is almost sure to visit Taiwan on Tuesday, now it is in China's hands to see if the situation escalates," he said, adding that while "it could be little more than a tempest in a teapot still, international and Taiwan investors are pretty concerned".
The Russian economy has been deeply damaged by sanctions and the exit of international business since the country invaded Ukraine, according to a new report by Yale University business experts and economists.. The report was produced by Jeffrey Sonnenfeld, president of the Yale Chief Executive Leadership Institute, and other members of the institute, a mix of economists and business management experts.
Nearly 1,200 investors have filed a class-action lawsuit in Spain against a medicinal cannabis investment platform operating worldwide, accusing it of fraud, embezzlement and money laundering, their lawyers said Monday.. A class-action lawsuit against JuicyFields is expected to be filed in a French court before the end of the year, according to Arnaud Delomel, a lawyer who represents hundreds of investors.
The US manufacturing sector continued to grow in July, but the pace was impacted by dimming demand while price increases have slowed dramatically, according to an industry survey released Monday.. "The U.S. manufacturing sector continues expanding -- though slightly less so in July -- as new order rates continue to contract, supplier deliveries improve and prices soften to acceptable levels," ISM manufacturing survey chair Timothy Fiore said.
Shares of Boeing jumped early Monday as the aviation giant moved closer to final regulatory approval to resume deliveries of the 787 jet.. A Boeing spokesman said, "we will continue to work transparently with the FAA and our customers towards resuming 787 deliveries."
Barcelona have sold 25 percent of Barca Studios, which manages the club's digital business and audiovisual productions, to Socios.com for 100 million euros (102.5m dollars), club president Joan Laporta said on Monday. . "For the moment, we have sold 25 percent to Socios.com," Laporta said at the press conference to present Jules Kounde, bought for a reported 50m euros from Sevilla, as a Barcelona player.
