Guillaume Payen/SOPA Images/LightRocket via Getty Images In recent weeks, both Uber and Airbnb have sent formal letters to the Securities and Exchange Commission, asking the regulatory agency to expand efforts that would allow drivers and hosts to also be paid in company shares. Exactly how this would work in practice remains unclear. The move comes…
(Reuters) - Toyota Motor Corp (7203.T) will invest $500 million in Uber Technologies Inc to jointly work on developing self-driving cars, the companies said on Monday, a bid by both to catch up to rivals in the hotly competitive autonomous driving business. Toyota, one of the world’s largest carmakers, and Uber [UBER.UL], the leading ride-hailing…
IBM agreed to acquire software maker Red Hat Inc. for $33.4 billion in the biggest-ever acquisition for the computer-services giant. International Business Machines Corp. will pay $190 per share in cash for Raleigh, North Carolina-based Red Hat, according to a statement from the companies Sunday, confirming an earlier Bloomberg News report. That’s a 63 percent…
WASHINGTON — The Trump administration told Congress on Friday that it intends to enter into a revised North American Free Trade Agreement with Mexico and will continue working to keep Canada in the pact as talks between the United States and Canada move into next week. While sticking points still remain between the United States…
SINGAPORE (Reuters) - U.S. President Donald Trump didn’t make it to this week’s summit of Asian nations in Singapore, but his influence was still keenly felt among the leaders who gathered in the city. U.S. President Donald Trump points to the crowd after delivering remarks at an event for "supporting veterans and military families" at…
Payment card skimming that steals consumers’ personal information from e-commerce sites has become a booming industry over the past six months, with high-profile attacks against Ticketmaster, British Airways, Newegg, and Alex Jones’ InfoWars, to name just a few. In a sign of the times, security researcher Jérôme Segura found two competing groups going head to head…
Costco is known for selling a wide, weird variety of products and foods, including produce like avocados with an extra long shelf life and items such as acai bowels on its recently revamped food court menu. Among the Cotsco deals shoppers most love to take home are $5 rotisserie chickens. The warehouse retailer sells 60…
DEBT stalks Africa once again. Over the past six years sub-Saharan governments have issued $81bn in dollar bonds to investors hungry for yield. Piled on top of this are murkier syndicated loans and bilateral debts, many to China and tied to big construction projects. Public debt has climbed above 50% of GDP in half the…
BERLIN — Chancellor Angela Merkel of Germany on Monday took her first concrete steps to move away from political life, saying she would give up leadership of her conservative party while vowing to finish out her term as chancellor until 2021. Ms. Merkel made her announcement, in a meeting of conservative leaders, after two disastrous…
WANG JIANQIN, in a thick red jerkin worn over her working clothes, does not look like an agent of superpower reprisal. The 60-year-old farmer rears 4,000 pigs in a brick-walled compound in Shunyi district, some 45km from Beijing. About a fifth of the food that she uses to fatten them up is soyabean meal, something…
