Uber shares drop as company reports $1.2b loss

San Francisco: Uber shares skidded Monday after the ride-hailing giant reported widening losses in the just-ended quarter as it boosted investments in new services and features. San Francisco-based Uber reported a loss of $1.2 billion (Dh4.4 billion), up from a loss of $986 million a year ago. Uber revenue was up 30 per cent to […]

As gold price hits $1,500 per ounce, UAE shoppers go low on yellow metal

Dubai: Jewellery demand in the UAE fell to its lowest levels in nearly 10 years during July to end September as the $1,500-an-ounce price tag scared off shoppers. In these three months, jewellery demand was at 5.4 tonnes, well below the 10.7- and 9.3-tonnes generated in the first and second quarters of this year, respectively. […]