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Markets

Siberian taxi firm bringing fare-haggling to Moscow plans expansion

A Siberian ride-hailing firm that allows customers to haggle over their fares is investing to beef up its presence in Moscow, a market dominated by New York-listed internet giant Yandex and Uber, its founder said.

Markets

Trade deal hopes, earnings lift Wall Street futures

U.S. stock index futures rose on Friday, as positive comments related to the U.S.-China trade talks and strong earnings from semiconductor industry bellwether Applied Materials put the S&P 500 and Dow on track to hit fresh highs.

Markets

UK’s Labour plans to nationalise BT’s network in free broadband plan

Britain's opposition Labour Party plans to nationalise BT's broadband network to provide free internet for all, a radical election pledge to roll back 35 years of private ownership that caught both the company and its shareholders by surprise.

Markets

US companies say consumer still strong even as broader outlook dims

Walmart became the latest company to point to a strong U.S. consumer, adding to a raft of firms in recent weeks citing healthy demand at a time when spending is seen as an increasingly key support for the economy.

Markets

US restaurants remove dining rooms to feed delivery boom

Restaurants are doing away with dining rooms as consumers increasingly order food deliveries through apps such as Uber Technologies Inc's Uber Eats and GrubHub Inc.

Markets

A chip on its shoulder? EU files WTO complaint against Colombia

The European Union filed a complaint at the World Trade Organization on Friday against Colombia over duties imposed on frozen potato fries from Belgium, Germany and the Netherlands.

Markets

Apple could raise annual ad income to US$11 billion by 2025: JPMorgan

The launch of Apple TV+, coupled with Apple Inc's foray into digital services, could help the company increase its income from advertising by more than five fold to US$11 billion annually within the next six years, analysts from JP Morgan said on Friday.

Markets

Alibaba’s US$13.4 billion bookbuild covered multiple times: sources

Alibaba's US$13.4 billion institutional bookbuild for its Hong Kong listing is already covered "multiple times," according to a message sent to investors and verified by sources with direct knowledge of the matter.

Markets

BT keeps Champions League soccer rights in US$1.5 billion UK deal

BT has retained the UK broadcast rights to Champions League soccer for three years from 2021 at an annual cost of 400 million pounds (US$512 million), despite reported competition from rival Sky.

Markets

Automakers around world await Trump tariff decision

Automakers around the world are awaiting a decision from U.S. President Donald Trump on whether he will impose up to 25per cent tariffs on U.S. car and auto part imports after a 180-day review period elapsed this week.

Markets

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