Uber looking to sell Didi, China market has little transparency, CEO says
Uber Technologies Inc (UBER.N) is looking to sell stakes in non-strategic assets including its holding in Beijing-based Didi Global Inc (DIDI.N), its CEO said on Tuesday, who also described the China market as a tough one with little transparency.
How companies can lower the bar in sustainability bond binge
Companies are selling a record number of bonds with penalties attached if they fail to meet environmental and social targets, but there’s a catch – some goals are so soft that firms can actually take their foot off the gas.
Company climate disclosures jump in 2021 as board pressure builds
The number of companies sharing climate data with CDP, the world’s leading disclosure platform, jumped by nearly 40% over the last year as investors and policymakers pressured boards, data seen by Reuters showed.
Exclusive: U.S. lawmakers call for sanctions against Israel’s NSO, spyware firms
A group of U.S. lawmakers is asking the Treasury Department and State Department to sanction Israeli spyware firm NSO Group and three other foreign surveillance companies they say helped authoritarian governments commit human rights abuses.
From China to Best Buy: Gaming controllers hit bumps on way to U.S. consumers
Fraser Townley eyes two gaping holes in one side of a pallet one of his workers just pulled out of the orange Hapag-Lloyd shipping container that arrived here at his warehouse from China one recent chilly morning.
U.S. airlines to defend $54 billion COVID-19 government lifeline
Major U.S. airlines Wednesday will defend a $54 billion COVID-19 government lifeline even as they face operational challenges and work to speed hiring to address rising demand.
Dubai leads major Gulf bourses higher as Omicron fears ease
Most stock markets in the Gulf rose in early trade on Tuesday, on receding worries about the impact of the Omicron coronavirus variant, with the Dubai index outperforming the region.
Exclusive: Uber in talks with Mideast unit over outside investment – sources
Uber Technologies (UBER.N) is in talks with the management of its Middle East unit Careem to bring outside investors into the business, four sources familiar with the matter said.
Samsung names new CEOs, to merge mobile, consumer electronics units
Samsung Electronics Co Ltd (005930.KS) will merge its mobile and consumer electronics divisions, the firm said on Tuesday, naming new co-chief executives in the biggest reshuffle since 2017 to simplify its structure and focus on the logic chip business.
LG Energy Solution targets up to $10.9 bln in S.Korea’s biggest IPO
LG Energy Solution (LGES) is likely to raise up to 12.8 trillion won ($10.87 billion) in what could be South Korea’s biggest initial public offering as the battery maker seeks funds to expand and meet booming demand for EV batteries.
