China last week issued guidelines that establish a long-awaited framework for the booming ride-hailing industry and remove uncertainty for firms such as Didi and Uber.
(Reuters) – A federal judge has thrown out a verdict requiring Apple Inc to pay VirnetX Holding Corp $625.6 million for infringing four patents relating to Internet security technology, causing VirnetX’s share price to plunge.
The combined entity would sell solar panels, home battery storage systems and electric cars under a single brand.
WASHINGTON (Reuters) – U.S. construction spending fell for a third straight month in June as outlays dropped across the board, suggesting a downward revision to the second-quarter economic growth estimate published last week.
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44% of UK workers are feeling downbeat over what the future will be like post-Brexit, a new CIPD survey shows.
(Reuters) – Citigroup Inc said on Monday it did not experience any “significant negative impact” on its results or client activity as a result of Britain’s vote to exit the European Union.
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Uber has bowed out of the world’s second-largest economy after selling its China business to rival Didi Chuxing. Here’s 5 reasons why.
(Reuters) – Verizon Communications Inc said on Monday it would buy GPS vehicle tracking firm Fleetmatics Group Plc for about $2.4 billion in cash to bolster its expansion into the connected vehicle and fleet management market.
ClipperData’s Matt Smith, who forecast oil prices would fall to $40 a barrel in June, now sees crude falling further.
The West’s dominance in providing military hardware around the world is set to erode, according to analysts in the sector.
Could U.K.-China trade relations, once a key part of David Cameron’s government policy, be cooling?
The economic cost of poverty on U.K. government finances has been calculated in a new report published this week.