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...Speaking to the Financial Times, Díaz warned of the consequences of the proposed EU legislation, which would give people who work for digital platforms — including drivers for ride-hailing services and food...
...Big music companies earn billions of dollars a year through royalty payments from streaming service and social media platform operators including Spotify, Apple and Meta....
...In a spreadsheet where he had meticulously logged every contact with Uber customer service, Samii had recorded 14 emails and 126 minutes on the phone....
...San Francisco-based Uber has begun inviting London black-cab drivers to register for its planned new service, despite continued opposition to the ride-hailing company from the Licensed Taxi Drivers’ Association...
...Early estimates by the European Commission said the regulations would push up prices for services from companies such as Uber and Bolt by 40 per cent....
...Maybe it could hike the average take rate, which is the cut it takes from each driver’s fare in addition to the service fee....
...The question was also raised this week by a Valentine’s Day strike by riders and drivers for food delivery and ride-hailing services in the UK and US, including DoorDash, Uber Eats and Deliveroo....
...Investors have closely watched its cloud division, the biggest driver of sales that includes its Azure platform, for evidence that its bet on OpenAI would start to transform into financial gains....
...Google Cloud will be a crucial growth driver for Alphabet amid rising demand for generative AI....
...Amanda Agati, chief investment officer for PNC Financial Services, said: “Our wish at Christmas was a resurgence in the bottom 493 stocks [in the S&P 500]. We got coal in our stockings so far . . ....
...Accolade, which has a near-A$600mn loan due in 2025 according to the company, has been struggling to service its debts....
...local car services....
...Uber’s services are very popular. Gross bookings rose 16 per cent over last year to $33.6bn — more than expected. Some 137mn people use its services at least once a month....
...Apple restricts services in Iran, but tech-savvy users have found innovative ways to sidestep the restrictions, from using a foreign address to secure an Apple ID to buying gift cards to purchase apps and...
...Diageo has appointed John Manzoni, the former head of the UK civil service, as chair from February next year. He will replace Javier Ferrán....
...He believed traditional carmakers had lost their way on customer service....
...Driver assistance systems, marketed as “full self-driving”, require drivers to keep their hands on the steering wheel at all times. Car sales still account for 82 per cent of Tesla revenues....
...Waymo has deployed a live, customer-paying service, while many of the other new entrants have switched focus to niche applications such as commercial vehicles, or have been acquired....
...Most analysts are expecting a return to growth of about 6 per cent in the current fiscal year as services become the main driver of growth and the iPhone 15 sparks a recovery in handset sales....
...Together, the platforms provide the country’s largest online shopping services, but they have been steadily losing market share to Temu and Pinduoduo owner PDD Holdings, and ByteDance’s Douyin, the Chinese...
...Foreign banks’ involvement in initial public offerings in mainland China has fallen to its lowest level in more than a decade, with Japan overtaking it as a driver of investment banks’ revenues from equity...
...Founded in Nigeria in 2020, Moove helps drivers for companies such as Uber finance the purchase of their vehicles....
...Baidu in recent years has repeatedly trumpeted the launch of “fully driverless” robotaxis in cities including Beijing and Wuhan, but Chinese officials still largely require human drivers to remotely monitor...
...At FedEx, where union presence is minimal, the company has struggled to hire and retain drivers and other workers. Labour shortfalls have often caused inefficiencies....
...“There is a key structural driver for this,” Chedid said. “Inflation has reached Japan. That is driving a shift in investment culture: it’s not as easy to sit in cash when you have high inflation....
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