Competition getting tough between Uber and Lyft SAN FRANCISCO (Reuters) - Uber Technologies Inc will continue to lose money in its home market for at least the next six months as rival Lyft Inc poses a fierce competitive challenge, Chief Executive Dara Khosrowshahi said on Thursday in his first public comments
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Deutsche Post DHL ups Q3 profits, revenues
Frank Appel was December 2016 voted to continue as Deutsche Post-DHL group chief executive until October 2022. He was credited with shaping the group’s Strategy 2015, which has effectively unlocked the company’s revenue and profit potential. Photo: The Loadstar The Bonn, Germany-based parcel carrier and logistics provider recorded net profits of
Why Kenya plane carrying troubled UK minister got rare global focus
Emirates profit rises despite Mideast tensions, oil price
LONDON (AP) — Airline group Emirates says its half-year profit and revenue rose as business steadily grew despite geopolitical tensions in the Middle East. The Dubai-based company said its net profit rose 77 percent to 2.3 billion dirhams ($631 million) in the six months through September. Revenue rose 6 percent to
Boeing signs deal to sell 300 planes worth $37 billion to China
Boeing facilities are seen in Los Angeles, California, U.S. April 22, 2016. REUTERS/Lucy Nicholson/File Photo A Boeing statement said the agreement includes "orders and commitments" to buy the aircraft, but it did not give a further breakdown... Beijing (Fox) - Boeing signed an agreement on Thursday (November 9, 3017) to sell 300
Ethiopian Airlines Starts Flying Its Newest Boeing 787-9 to Abuja
Ethiopian airlines transported 177 passengers to Abuja in newest B787-9 aircraft October 7, 2017. Photo by EA Abuja - Ethiopian Airlines says it has deployed its newest aircraft, a Boeing 787-9 also known as ‘Big Brother’, in the Abuja route. The airline said the deployment, made on Tuesday, was part of its
Toyota forecasts tough outlook for U.S. sales, yen boost to overall profit
TOKYO (Reuters) - Toyota Motor Corp upgraded its full-year operating profit forecast by 8 percent on expectations of a weaker yen but flagged a dour outlook for North America, its biggest market, where quarterly sales fell to the lowest in nearly three years. The automaker is struggling to sell more cars
AF-KLM says third-quarter cargo gains are evidence of ‘cargo turnaround’
AF-KLM says cargo revenues up 1.2 percent to €493 million Air France-KLM’s self-described “cargo turnaround” seems to have finally pushed the carrier’s third-quarter results back into the black, with total cargo revenues up 1.2 percent to €493 million. Across a longer timeline, however, year-to-date cargo statistics at the carrier still indicate
U.S. truck firms accelerate into the merging lane
A transport truck passes through the Allegheny Mountain Tunnel in Somerset County, Pennsylvania, U.S. on September 3, 2017. Picture taken on September 3. The consolidation of the U.S. trucking industry is picking up speed, with big trucking companies and private equity funds scooping up smaller firms as a U.S. regulatory mandate
Taxi-hailing firm Uber imposes waiting fee on Kenya riders
Janet Kemboi, Uber East Africa Spokesperson. File Photo | NMG Nairobi - Online taxi-hailing firm Uber has started charging a waiting fee on its riders to compensate drivers where they are made to wait by customers for lengthy periods. On driver’s arrival, Uber will send a notification to the rider advising that