Business

Oil prices drop amid faltering demand outlook in China

Oil prices fell by about 2% on Monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in China in an indication that COVID-19 outbreaks are crimping the world’s second-largest economy.

China’s Didi improves pay transparency for drivers

China’s Didi Global Inc (DIDI.N) said on Monday it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state media accused it of paying drivers unfairly.

Ford counterattacks in ‘cruise’ dispute with GM

Ford Motor Co (F.N) said late on Friday it will ask the U.S. Patent Office to rescind trademarks obtained by rival General Motors Co (GM.N) for the terms “Cruise” and “Super Cruise,” escalating a brawl GM began by suing Ford over its use of “Blue Cruise” for an automated driving system.

Oil prices drop amid faltering demand outlook in China

Oil prices fell by about 2% on Monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in China in an indication that COVID-19 outbreaks are crimping the world’s second-largest economy.

China’s Didi improves pay transparency for drivers

China’s Didi Global Inc (DIDI.N) said on Monday it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state media accused it of paying drivers unfairly.

Ford counterattacks in ‘cruise’ dispute with GM

Ford Motor Co (F.N) said late on Friday it will ask the U.S. Patent Office to rescind trademarks obtained by rival General Motors Co (GM.N) for the terms “Cruise” and “Super Cruise,” escalating a brawl GM began by suing Ford over its use of “Blue Cruise” for an automated driving system.

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