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Financial and economic news Technology news Transport and Logistics

Uber has agreed to sell its business in Southeast Asia to local rival Grab

Grab is taking over Uber’s ride-hailing business in eight countries and Uber Eats, which is currently present in three. In exchange, Uber gets a 27.5 percent stake in Grab and Uber CEO Dara Khosrowshahi will join Grab’s board. Southeast Asia is seen as a growth market thanks to a population of over 600 million people, …

Car manufacturers Financial and economic news

Christian Transfers – New Tesla Roadster revealed – 250mph and 0-60 in 1.9 seconds

Tesla touts yet another ‘quickest car ever’ – and is already taking deposits Electric car manufacturer Tesla has revealed the first images of its new Roadster model, alongside its long-proposed semi-truck commercial vehicle. A new Roadster has been expected for quite some time, with Tesla CEO and founder Elon Musk having suggested that once the …

Financial and economic news

Inside the eccentric, relentless deal-making of Masayoshi Son

Early last year, Cheng Wei, founder and chief executive of the Chinese ride-hailing juggernaut Didi Chuxing, tried to resist taking money from legendary investor Masayoshi Son. Cheng told the SoftBank Group chief he didn’t need the cash because his company had already raised $10 billion, according to people familiar with the matter. Fine, Son said, …