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...The two companies agreed that Hertz “keep the cars longer than a year, we work with them, and we have the right to first refusal whenever they want to take them out of the fleet”, he said....
...Chief executive Brian Chesky told the Financial Times that from next year the online rental company would “go a little bit beyond its core business”, including an expansion of its experiences and services...
...The global house price decline has been generally milder than expected....
...Regulators can impose fines of up to 10 per cent of a company’s global turnover if they are found to have broken EU competition law. The commission declined to comment....
...Total rental inventory in Manhattan continued to fall in the fourth quarter, according to StreetEasy data. Tighter regulation of holiday lets is a global theme....
...Reddit joined ride-hailing app Uber and online rental site Airbnb, which set aside allocations for eligible drivers and hosts respectively in their IPOs at the start of the decade....
...The advertisement, one in a series the car rental company has done with Brady, was part of its campaign to display its heavy investment in electric vehicles, which the company claimed would be revolutionary...
...Hertz shares surged as much as 9 per cent after the car rental group said it expected to cut costs by $250mn in addition to its plans to cut its fleet of expensive electric vehicles....
...But we are not convinced that cuts would lower rental inflation....
...Bird Global, the company that pioneered on-street electric scooter rentals, has filed for Chapter 11 bankruptcy protection in Florida, five years after becoming the fastest start-up ever to reach a so-called...
...The company’s last proxy filing states that he remains eligible for free Hertz car rentals for the rest of his life....
...The rental market, which Global Data valued at $6.2bn globally in 2023, is growing, more than doubling in size from 2016....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...France is seeking to clamp down on Airbnb and other holiday rental companies, spurred on by mayors in tourist destinations such as the Alps and the Basque country who are concerned that the platforms are...
...But the low volatility and strong underlying fundamentals of UK housing means it is showing up in more global portfolios. This could mark a significant shift in ownership....
...Bird Global, the e-scooter rental pioneer, has filed for Chapter 11 bankruptcy protection. The start-up was the fastest ever to reach a “unicorn” valuation above $1bn....
...And rents are rising — albeit far more slowly than in other global cities, many of which are in the grip of a rental crisis....
...Holiday rental platform Airbnb launched a $6bn share buyback programme on Tuesday as it said 2024 would be an “inflection point” for its business....
...But it would be odd indeed if rental inflation did not converge to current market rents eventually....
...The deal will be a boost for the moribund London stock market, which on Tuesday faced the prospect of losing further companies following a proposed delisting of retailer Superdry and an agreed takeover for...
...to do serious damage to the super-profitable business model of some Big Tech company....
...The move by the San Francisco-based group comes after Facebook parent Meta announced its debut dividend earlier this month, triggering a record leap in its stock price, while home rental site Airbnb expanded...
...Rental growth in European residential and industrial sectors has remained pretty strong....
...Inchcape, which exports cars for global manufacturers across 40 countries, said it would use £100mn of the sale proceeds to buy back shares once the deal is completed, which is expected to happen during...
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